The Wrangell sentinel., 1922-01-26

 Regarding
 Income Tax

| He ioiiOWluS stdtcIiSut iS iSSuSu by Collector of Internal Revenue, Burns Poe, for the district of Wash ington:
 Forms Io4oA, revised and simpli- fled, for filing individual returns ot income for the calendar year 1921 of $, 900 and less will be available Wednesday, January IS at the office of Collector of Internal Revenue. Tacoma, Washington, and the fol- lowing branch offices, Seattle, Wash ington and Spokane, Washington. A copy will be mailed to taxpayers who last year filed a return, but failure to receive the form does not relieve taxpayer of his obligation to file a return on time-on or be- fore March 15, 1922. The form has been reduced from six to four pages, two of which are devoted to instructions which should be care fully read by the taxpayer before filing in the blanks. A study of these instructions will greatly les sen difficulties heretofore encoun- tered in correctly making out the returns.
 On page I, under the head of "Income' are spaces for reporting the following items: salaries, wages, commissions, etc.; income from partnerships, fduciaries, etc.; rents and royalties; profit Cor loss) from business or profession; profit 1 Cor loss) from sale of real estate; profit Cor loss) from sale of stocks, bonds, etc., and other income. Be- meath are spaces for entering de- auctions, such as interest and taxes paid during the year; losses by fire, storm, shipwreck, or other casualty or by thett, contributions. bad debts, etc.
 On page are spaces for enter ing explanations of the various items; i. e., the total amount of in- come from business or profession, with description (''grocery, re. tail clothing,' drug store, " laundry" doctor, lawyer, "farmer") from rents, and royal ties, sale of property, etc.
 Returns are required of every single person and every married person not living with husban or wife, whose net income for 1921 was S1ooo or more, and of every married person living with husband or wife whose net income was S2ooo or more. If the combined net in- come of husband, wife and depend- ent minor children equalled or ex- ceeded S2ooo, or if the combined gross income of husband, wife and dependent minor children equalled or exceeded S5,ooo, all such income must be reported on a joint return or in separate returns of husband and wife. If single, and the net income including that of dependent minors, if any. equalled or exceed ed sI. 1000, or if the gross income equalled or exceeded S5,o a re- turn must be filed. A minor, how ever, having a net income of SI 1000 or s2,oo according to marital status or a gross income of S5, 900, must file a return. The require. ment to file a return of gross in- come, regardless of the amount oi net income, upon which the tax is assessed is a new provision.
 Met income" IS gross income less certain deductions which are explained on the form.
 Under each of the above condi- tions, return must be filed even though no tax is due. The ex- emptions are SIooo for single per- sons and married persons not liv- ing with husband or wife. S25oo for married persons living with hus- band or wife whose net income for 1921 was $5ooo Or less and S2,ooo for such persons whose net income was more than $50 The ex- emptions for dependents "a person ,ola. 70 ,,aore of OTTO ar ,,oota II q,