The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-01-19
TAX. FOR|As. NOW
AVAILABLE HERE

Instructions for filing income tax
statements for 1921 and notice that
forms FOR the return on incomes of
$4,000 or less will be available We'd
nesday are given in bulletin issued
by Louis A. Speliier, collector of in
ternal revenue for the district of
Nevada, at his office at Reno.
Forms 1040A, revised and sim
plified for the filing Of individual
returns Of income for the calendar
year 1921 Of $4,000 and less, will
be available Wednesday, January
IS, at the office of the collector Of
internal revenue at Reno, Nevada,
and the following branch Offices:
Yerineton, Winnemucca, Ely and
Tonopah," the bulletin says.
"A copy will be mailed to tax
payers who last year filed q return,
but failure to receive the form
does not relieve a taxpayer of his
obligation to file a return on time
on or before March 16, 1922. The
form has been reduced from six to
four pages, two of which are de-
voted to instructions which should
be carefully read by the taxpayer
before filing in the blanks. A
study Of those instructions will
greatly lessen difficulties heretofore
encountered in correctly making out
the returns.
ION page 1, under the head of
income are spaces for reporting
the following items: Salaries, wages,
commissions, ETC., income from part
nerships, iduciaries, etc.; rents and
royalties; profit Tor loss) from bust
ness or profession; profit Tor loss)
from sale of real estate; profit Tor
loss) from sale Of stocks, bonds,
etc.; and other income. Beneath
are spaces for entering deductions,
such as interest and taxes paid dur
ing the year, losses by fire, storm,
ahipwreck, or other casualty or by
theft, contributions, bad debts, etc.
ION page two are spaces for en-
tering explanations Of the various
items, i.e., the total amount Of in
come from business or profession,
with description Grocery retail
clothing drug store laundry
doctor lawyer 'farmer') from
rents and royalties, sale Of prop
erty.etc.
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 Of every
married person living with husband
or wife whose net income was
$4,000 or more. II the combined
net income Of husband, wife, and
dependent minor children equalled
or exceeded $4,000, or If the COM
bined gross income of husband,
wife, and dependent minor children
equalled 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
GLIDING that Of dependent minors,
IL any, equalled or exceeded $1,000
or II the gross income equalled or
exceeded $4,000, return must be
filed. A minor. however, having a
net income Of $1,000 or $4,000, ac-
cording to marital status or a gross
income of $4,000 must file a return.
The requirement to file return of
gross income, regardless Of the
amount Of net income, upon which
the tax is assessed, is a new provi-
sion.
"'Net' income is gross income
less certain deductions which are
explained on the form.
"Under each of the above condi-
tions, a return must be filed even
though no tax is due. The exemp-
tions are $1,000 for single persons
and married persons not living with
husband or wife, $4,000 for married
persons living with husband or wife
whose net income for 1921 was
$500 or less and $4,000 for such
persons whose net income was more
than $500. The exemptions for de-
pendents, a person under eighteen
years of age or mentally or physi-
cally defective, has been increased
from 200 to $500.
"A head Of a family person
who actually supports in one house
hold one or more persons closely
related to him Tor her) by blood,
marriage, or adoption-is granted