Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1922-03-02
MARCH 18TH
LAST DAY
INCOME TAX REPORTS MUST BE
MADE PROMPTLY SAYS COL
LECT0R EVAN EVANS
NO ESCAPE FROM PENALTIES
Final Information for Taxpayers Max
ing 1921 Reports.

The dead line" so far as filing in
come tax returns is concerned, is mid
night of March Is, according to an
nouncement at the office of the United
States internal revenue collector at
Boise. Failure of an individual or
corporation to make a return within
the stipulated time makes such. an in
dividual or corporation liable to desig-
mated penalties.
In defining taxable income, District
Collector Evan Evans shows that
things are not what they seem"
Taxpayers must remember that
taxable income is not necessarily
cash" says a statement issued Monday
by Mr.. Evans. Continuing, the state
ment reads:
Where services are paid for with
something other than money, the fair
market value of the thing taken in
payment is the amount to be included
IN income. For example, the value of
merchandise received by a clerk of a
grocery store as part payment for his
services must be reported as income
Compensation paid an emplove of a
corporation in shares of stock is To he
treated as if the corporation sold the
stock at its market value and paid the
employe in cash.
Promissory notes received in paw
ment for services and not merely as
security for such payment constitute
income to the amount of their fair
market value. Living quarters and
meals furnished as compensation for
services are to be reported as income
A hotel clerk given room and his
meals as part payment for his SER
vices is required to report as income
the amount he would have to nav for
board and lodging elsewhere.
The value of quarters. light and
neat furnished army officers, whether
stationed at an army post or Maid
from funds allowed for such purposes
wnen offlcers are stationed elsewhere
is taxable income in an amount equal
TO the cost of government of furnish
ing such quarters, etc. Where an Of
fcer or enlisted man is allowed GER
tain Communication in lieu of quarters.
light and heat, the entire amount re-
celved for such purposes for the tax
able year must. be included in gross
income.
Where living quarters, food, cloth
ing etc, are provided for an empIoye
solely for the convenience of an en-
ployer the value thereof need not he
included in the income of the en-
ploye. For example, where because of
the location and nature of the work
1t is necessary that the employees en-
gagged in fishing and canning be fur
nlshed board and lodging by the en-
ployer, the value of such board and
lodging may be considered as contrib
uted for the convenience of the en-
ployer. Board and lodging furnished
seamen in addition to their other
compensation is held to be furnished
tor the convenience of the employees.
and the value thereof need not be re-
ported in the returns of such emplov
es. Uniforms, rations and medical or
hospital service afforded enlisted men
or seamen need not be reported as
income. These are furnished by the
government for its own purposes. and
are not compensation for services.
The value of board and lodging
furnished employees of hospitals as
part compensation for services is TO
be reported as income. II, however.
an employe of hospital is subject to
immediate service on demand at any
time during the "a hours of the day.
and on that account Is Obliged to ac-