Evening journal., 1922-07-11
REVENUE Chief
TALKS OF TAXES
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: (Continued from First Page)
has a very high rating with the
Treasury Department.
Mr.. Curtin in his address said:
"Prior to the establishment of the
office in Wilmington, the State OF
Delaware, as you are aware, was a
, part of the collection district OF
Maryland, but by an act of Congress
creating this district we ceased 10
be a branch office and became full
hedged collection district with a col
7 lector and all of Nthe rights, duties
and responsibilities pertaining to a
collectors office.
"You will probably be surprised
to learn that even today there are
citizens Of Delaware who imagine
that we are still somewhat OF an
adjunct or subsidiary of the Bal
timore office. Until very recently
some taxpayers persisted in sending
checks made payable to the order
of Joshua w. Miles. even after Mr..
Miles ceased to be collector at Bal
timore. This apparent lack of in
| formation is not due TO any derelic-
tion on the part Of the newspapers,
as they have co-operated at all times
in disseminating the truth about the
matter.
However, the State OF Delaware,
is now no more a part OF the Balti-
more Office than IS the State of
Pennsylvania; and the collector in
this district. the Hon. John w. Her
ing has all the authority that
pertains to the office just as much
as has the Collector in Philadelphia
or in New York.
THE Inconvenience of being a
branch office was patent 20 all OF
you who were fortunate enough to
have to file a return for the year
1918. Some OF you probably waited
in line at the Internal Revenue
office and marveled at the apparent
lack of system for 1918. avoided GO
ing in the following years as the re-
suit OF your dlsagreeable experience
But, If you have had occasion TO
come in the years 1920. 1921 or
1922, after the establishment OF the
Collectors office in this district, you
found a very different State OF af-
fairs. Every provision possible was
made TO relieve the taxpayer of the
necessity for waiting and / am sure
that there were very few occasions
on which anyone was delayed more
than a few minutes even in the
busiest days. This was so in spite
of the fact that eight or ten thou |
sand more returns were filed each |
year since the opening OF the office |
than were filed for the year 1918, |
and we were a part OF the Maryland |
district
zone OF the things want to call |
your special attention TO Is the
variety OF returns that are required
to be filed in the Collectors office.
Some Of you know the Office only
as a place to file income returns,
but in addition to income tax re-
turns there must be filled by every
corporation whose principal office
is located in the State OF Delaware.
a capital stock tax return during
the month of July. This is an ex-
else tax based on the fair value of 7
the capital stock for the privilege
OF doing business for the ensuing
year. Many corporations during
the last year or two that filed in
come tax returns overlooked the fact
that capital stock tax returns were
also required and consequently sub
jected themselves to penalties in
many cases. II, therefore, behooves
all of you who have any connection
with the administrative end of
to make sure that
capital stock tax return is filed dur
ing the present month.
There is another kind OF tax with
which many OF you are not very
for the very excellent rea-
son. perhaps, that you must die be-
fore you became subject to II. This
e the Federal estate or inheritance
AK. When anyone dies leaving a
gross estate Of $4,000 or more his
executors or administrators are re-
luired within sixty days to file a
notice on forms provided for that !
purpose. and at the expiration of Z
,ne year a final detailed return is
in which must be shown ]
he exact net worth OF the decedents {
estate. on this there is tax grad
lated from one per cent. on the first
fifty thousand in excess of specific Z
exemptions TO twenty-five per cent
IN the amount by which the estate
exceeds ten millions. Since the es-
ablishment OF the local collectors (
office there has been collected over ,
1908. 100000 tax from this source ,
alone. (
In addition to these returns,
various information returns are re-
lulred for the purpose Of disclos-
ng sources Of tax. For example, {
iO99's on which employers are re- {
luired TO report the amount paid TO
employees; 1000, 1901, 1OO1-A, on +
which Interest," items are required to {
be reported. Also every partnership /
Is required TO file a return regard /
less OF its profit or loss and show I
the distributive share of each part {
ner. There is no tax on this return
as such, but the results are carried {
10 the individual returns OF the !
members.
Il shall make no attempt 70 dis /
,uss the various returns requird for I
taxes, for in spite Of '
he fact that the so-called nuisance q
axes are supposed 10 exist no longer, /
here Is still a tax on boats, pool !
.ooms. shooting galleries. olemar- !
,arine, theatre admissions and 9TH a
RS too numerous TO mention.
You must remember that fail
ire 10 file any Of these required re- J
urns may subject you to penalties. I
= Is essential to the proper conduct '