The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-02-28
pYTH|AN FOLL|ES SCORE
''''' BIG, hit 1t THE COURT
TAXABLE INCOME Is
NOT ALWAYS Cash

Tbi, ,sta,ement is issued by Collector
OF Internal Revenue Of the Dls'rict VI
West Virginia.
IN filing their income tax returns Tor
,h. wear 1921. taxpayers must remem
her that taxable income Is no. neces-
sarilv cash. Where services are palu
FOR with something other than money
the fair market value OF the thing taken
in noyuent Is the amount to be included
In income. For example. the value OF
merchandise received by clerk OF a
grocery store as part payment Tor MS
servIces must be reported as income
Compensation paid an employee OF
corporation In shares OF stock Is to De
treated as II the corporation sold the
stock at it's market value and paid mo
employee in cash.
PromIssory notes received in payment
Cor services and not merely as security
for such payment constitute income to
the amount Of their fair market value
Living quarters and meals furnished az
COMPENSATION for services are TO be re-
norted as income \ hotel clerk given
n room and his meals as part payment
for his services Is required 10 report
MS income the amount he would have TO
paw TOT OOdTU anu lONhlhh
The value OF uarters. light and heat
furnished army officers. whether sta
toned at an army post or paid from
funds allowed for such purposes when
officers are stationed elsewhere Is tax
able income in an amour. equal to IN"
cost to the government OF furnishing
such quarters. etc. Where an officer or
enlisted man Is allowed certain COM
mutation in lieu OF quarters. light and
heat, the entire amount received for
such purposes for the taxable year
must be included in gross income.
Where living quarters. food. clothing.
etc. are provided for an employee solely
for the convenience Of an employer the
value thereof need not be included in
the income Of the employee. For ex-
ample. where because OF the location
and nature OF the work. II Is necessary
that employees engaged in fishing ana
canning be furnished board and lodgi.y
by the employer. the value OF such
board and lodging may be considered as
contributed for the convenience OF tho
employer. Board and lodging furnished
seamen in addition to their other COM
pensation Is held to be furnished Tor the
convenience OF the employer. and the
value thereOI neeQ not DC TcpOElOu
the returns OF such employees. UNI
forms. rations and medical or hospital
service afforded enlisted mon or seamen
need not be reported as income. Those
are furnished by the Government for
its own purposes. and are not compen-
sation for services
The value Of board and lodging furn-
ished employees OF hospitals as part
compensation for services Is to be re-
ported aS income. IT, however. an en-
pioyee OF hospital Is subject TO I'M
mediate service on demand at any time
during the twenty-four hours Of the day
and on that account Is obliged TO &C
cept quarters and meals at the hospital.
the value OF such need not be reported
as income: If. the employee is on duty
a certain number OF hours. and could. II
desired. obtain meals and lodging else
where than at the hospital. and at the
same time perform the duties required
Of him. the ratable value OF the board
and lodging furnished him is considered
additional compensation.
The value OF quarters. subsistence
laundry. heat and light furnished Of
icers and employees OF the Public Health
Service constitutes income and must be
included in their returns for the year,
To avoid penalty. returns must be
filed on or before midnight Of March Is.