The Alaska daily empire., 1922-03-03
MORE INCOME
 TAX FEATURES
 ARE EXPLAINED
Collector of Internal Revenue Makes Statements on
 Various Points.

Tn filing their income tax returns for the year 1921, taxpayers must re- member that taxable income is not necessarily cash, says a statement issued by Collector of Internal Reve- nue Burns Poe, for the district of Washington and Alaska.
 Where services ale paid for with something other than money. the fair market value of the thing taken in payment is the amount to be in cluded in income. For example, the value of merchand ise received by a clerk of a grocery store as part Day ment fer his services must be report ed as income. Compensation pail sn employee of a corporation ill shares of stock is to be treated as if the corporation sold the stock at it's market value and paid the employee in cash.
 Promissory notes received in pay ment for services and not merely as security for such payment constitute income to the amount of their fair market value. Living quarters and meals furnished as compensation for services are to be reported as ln- come. A hotel clerk given room end his meals as part payment for his services is required to report as in come the amount, he would have to pay for board and lodging elsewhere.
 Taxable Income
 u,I,,o of 1,1a,.+arc 1ipht and heat furnished army officers, wheth- CT stationed at an army post or paid from funds allowed for such purposes when officers are stationed else where is taxable income in' 9n amount equal to the cost to the government of furnishing sucb quarters etc Where an officer or enlisted man iS allowed certain commutation in lieu of quarters, light and heat, the en l: tire amount received for such pur : roses for the taxable year must be included in gross income.
 Where living quarters, food, cloth ing, etc, are provided for an em ployee solely for the convenience ot : an employer, the value thereof need !: not be included in the income Of the !. employee. For example, where be : cause of the location and nature ot l: the work, it is necessary that em : ployees engaged in fishing and can : ming be furnished board and lodging : by the employer. the value of sucf board and lodging may be considered as contributed for the convenience O : the employer. Board and lodging fur : nished saamen in addition to theil other compensation is held to be fur nished for the convenience of tht employer, apd the value thereof neeC .+ not be reported in the returns o such employees. Uniforms, ration: and medical or hospital service af forded enlisted men or seamen neet not be reported as income. These are furnished by the government fol it's own purposes, and are not com pensation for services.
 Utner Statistics
 The value of board and lodgin: furnished employees of hospitals a part compensation for services is tt be reported as income, If, however an employee of hospital is subjec to immediate service on demand a any time during the "A hours of tht day, and on that account is obliged to accept quarters and meals at th' hospital, the value of such need no be reported as income. If the em ployee is on duty a certain numbeI of hours, and could, if desired, obtair meals and lodging elsewhere than a