Putnam patriot., 1922-02-03
INCOME TAX FORMS
ARE NOW AVAILABLE
March 18th Is Date When All
Returns Must Be on File
With Revenue Collector

Forms, revised and simpliied. for
filing individual returns of income for
the calendar year of $4,000 and less,
az the Office of Collector of Internal
Revenue. Hartford, and the following
branch Offices: New Haven, Bridge
port, Waterbury, New London. A
copy will be mailed to taxpayers who
last year filed return, but failure 10
receive the form does not relieve i
taxpayer of his obligation TO file re-
turn on time-on or before March Il.
1922 The form has been reduced
from six TO four pages, two of which
are devoted TO instructions which
should be carefully read by the tax
payer before filing in the blanks. 4
study of these instructions will greatly
lessen difficulties heretofore eneoun-
tered IN correctly making out the re-
turns.
Returns are required of every SIN
gle person and ever person not liv-
ing with husband or wife, whose net
income for 1921 was 81 900 or more.
and of every married person living
with husband or wife whose net IN
come was $4,000 or more If the
combined net income of husband, wife
and dependent minor children equal
led OF exceeded s., 900, or if the com
bined gross income Of husband, wife
and dependent minor children equal
| led or exceeded $4,000, all such in
come must be reported on "A joint re
turn or in separate returns of husband
and wife. If single and the net in.
come including that of dependent
minors, II any, equalled or exceeded
f 81 goo. or If the gross income equal
I led on exceeded 1000, return must
/ be filed A minor. however. having i
net income of 1000 or 81 900. &C.
cording to marital status, or a gross
income Of $1,000, must file return.
= The requirements to file return OF
gross income. regardless Of the
amount of net income, upon which the
( tax is assessed. Is new provision.
Net income. IS gross income less
certain deductions which are explain
ed on the form.
Under each Of the above conditions,
"a return must be filed even though no
tax is due The exemptions are 81 600
for single persons and married per
sons not living with husband or wife,
$500 for married persons living
with husband OF wife whose ret IN
come for 1921 was $4,000 Or less,
and $1,000 for such persons whose
net income was more than 1000. The
exemptions for dependents, "a person
under Is years of age OF mentally or
physically defective" has been in
creased from 500 10 $500.
A head Of family, a person who
actually supports in one household
one or more persons closely related 10
him Tor herr by blood, marriage or
adoption, is granted the same eXemp-
tions allowed married person.
The normal tax rates are unchane
ed, per cent on the first $4,000 OF
net income above the exemptions. and
per cent on the remaining net in
come. The tax this year, as last, may
be paid in full at the time Of filing the
return, or in four equal installments,
due on or before March Is, June IS,
September Is, and December Is
Heavy penalties are provided by
the new revenue act for failure TO file
return and pay the tax on time.
Announcement will be made
through the press of the date of re-
lease OF Form 1910 for filing individ.
ual return Of income Of more than
s. 600