Every evening, Wilmington daily commercial., 1922-01-17
GRAHAM EXPLAINS
new TAX PROBLEMS
o,anks fev rhoss Making S.
600 Or Lees Annually Ready
January 10.

Harry r. Graham. Collector OF In
oprNai Revenue. district OF Delaware.
hAa isaucd the following statement:
roru's le<oA, revised and simpli-
Ned. for Ming individual returns OF
Income FOR the calendar year. 1871.
81 $4,000 and less will he available
wednesday, January II, At tho ONCE
OF Collector of Internal Revenue II.
T. Graham. Peat once Building. A
copy viii he mailed 10 taxpayers who
last y~Ar nled = return. but f4lure
10 receive the form does not relieve
. taxpayer IL his obligation to Me
. return on timo~-on or before
March rs. isc:. Tho form has been
reduced from six To four pages. two
os which are devoted TO instructions,
which should he carefully read by
tho taxpayer before niling in the
blanks. \ study 81 these Instructions
will greatly lessen dificulties hereto
fore encountered in correctly max
ms cut the returns.
On PAGE l. under the head Of "In-
come" are spaces for reporting the
following items; Salaries. wages
commissions. etc; income from
and royalties: profit tor loss) from
business or profession: profit Cor
loss) from sale OF real estate; profit
Cor loss, from sale OF stocks. bonds
etc, and other income. Beneath are
spaces Tor entering deductions, such
a. interest and taxes paid during the
ycnr, loses by nrc. storm. ship
wreck. or other casualty or by theft
contributions. bad debts. etc.
ON page are spaces for entering
explanations Of various items; I. e.,
the total amount OF income from
business or profession. with dcscrip-
ton l"grocery." retail clothing.
drugstore" laundry" doctor.
lawyer" "farmcr'D from rents. and
royalties. sale OF property. etc.
Returns arc required OF every SIN
Gle person and every married person
not living with husband or wife
whose net income for 1921 was $1,000
or more. and OF every married per-
sen living with husband or wife
whose net income for 1921 was $4,000
or more. II the combined net income
OF husband and wife and dependent
minor children eoualled or exceeded
$4,000. or n the combined gross income
III husband. wife and dependent minor
children equallcd or exceeded $4,000
nil such income must he reported or
a Joint return. or In separate returns
~ husband and wife. II single and the
net Income. including that OF DEEPEN
don't minors. n any. eouallcd or ex'
,ecdcd 81 900. 81 II the gross incom,
j eaualicd or exceeded 5000. a return
mus, he f,icd. A minor having a net
income Of 81 900 or $4,000. according
20 marital ststus or q gross income
of $4,000, must ole n return. The re
uuircmcnt to nle return OF gross In
como regardless OF the amount Of ne
income. uron which tho tax 10 A.
res.cd IA a new prcvtricn.
me, income" In groes income les,
certain deductions. which are explain.
"a on IN, form
Under each 81 the above conditions
return mus, be Med even though ne
TAX 10 due. The cxemptiona are 1000
fir einelo persons and married persons
not livlns with husband or wife. 81 SOC
for married person. living with hus
tArd or wife, whose net income 10,
i,si was $4,000 or lcss, and 81 900 fol
srch Persons whose ne, income v~'
morc than $4,000 The exemptions to
dependents. persons under eightee,
ysars ~ Aee on mentally or physical