Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-01-16
TAX WRESTLING
BOUTS TO START
Forms for Filling Out Income
Returns Are Ready for
Distribution
.EASy-IF YOU KNOW HOW

Forms for tax returns on incomes
~ $4,000 or less will be available after
tomorrow according to an announce
ment by Blakely d. McCaughn, Col
Iector of Internal Revenue for this dis
trict. They may be had Mt the Post
Office Building. at II South Fifty-scc
cnd street and ut 1118 West Lehigh
avenue.
The form. which is officially dcsig
mated as No. 1904. consists this year
Of four pnges. two of which are given
TO instructions which the taxpayers arc
expected to read carefully.
In the following statement Mr.. Nc
Caugbn explains what is required in
making returns on this form:
'0n page I, under the head of In
come are spaces for reporting the
following items: Salaries, wages, COM
missions, etc. income for partnerships.
fduciarics, etc.: rents and royalties:
profit tor loSs) from busincsS or pro-
fcssion; profit Tor losS) from sale of
stocks. bonds. ctc.; profit tor loss)
from sale Of real estate and other in
come. Beneath are spaces for entering
deductions, such as interest and taxes
paid during the year. losses by fire,
storm. shipwreck or other casualty or
BY theft, contributions, bad debts. etc.
"On page are spaces for entering
explanations of the various items: that
Is, the total amount of income from
business or profession with description
grocery. retail clothing drug store
laundry doctor lawyer 'farmero
from rents and royalties, sale of prop
erty, etc.
Who Must Make Returns
Returns are required Of every single
person and every married person not
living with husband or wife whose net
income for 1921 was $1,000 or more. and
every married person living with hus-
band or wife whose net income wos
$1,000 or more. IF the combined net
income of husband, wife and dependent
minor children equaled or exceeded
$1,000. or IL the combined gross income
OF husband. wife and dependent minor
children equalcd or exceeded $4,000. all
such income must be reported on
Joint return or In separate returns Of
husband and wife.
"If single and the net income, in
cluding that of dependent minors, il
any, cqualed or exceeded $1,000, or II
the gross income cqualed or exceeded
$4,000. return must be filed. A minor,
however. having nct,income of $1,000
or $1,000, according to marital status,
or q gross income of $4,000, must file n
return. The requirement to file return
OF gross income. regardless of the
nm I'll. A,
tax Is assessed, Is new provision
Net income Is gross income less
certain deductions which are explained
en- the form.
Under each Of the above conditions
return must be filed, even though no
tax is due. The exemptions are $1,000
for single persons and married persons
not living with husband or wife, $500
for married persons living with husband
or wife whose net income for 1921 was
$4,000 or less and $1,000 for such per-
Hons whose net income was more than
$1,000. The exemptions for dependents,
a person under eighteen years of age or
mentally or physically defective has
been increased from 5000 to $500.
Normal Rates Unchanged
"a head of family---a person who
actually supports in one household one
or more persons closely related to him
lor herr by blood, marriage or adop-
iion-iS granted the same exemptions
allowed married person.
Tho normal tax rates are un-
changed. per cent on the first $4,000
Of net income above the exemptio ions and
per cent on the remaining net income.
The tax this year. as last, may be paid
IN full Mt the time of filing the return