The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1923-01-03
Blanks Are Ready for DiStribu-
ton at Federal Build
ing.
U. S. GIVES INSTRUCTIONS
All Must File Returns Even
Though Exempt From
Payment.

Income tax form 1040A, for incomes
Of $1,000 or less, were received yester-
day and are ready for distribution,
NJ. Bert Thurman. collector Of internal
revenues, Federal building, announced
today. This is the earliest these forms
have been received for many years.
To avoid errors, which may result to
their disadvantage. taxpayers are ad-
vised by the bureau of internal rev
enue to study carefully the instruc-
lions on the forms, especially those
with regard to credits for personal ex-
emptions and dependents. Married
persons required 10 make a return on
form 1o40A-those whose net incomes
was 5000 or less-are allowed an ex-
empt1on Of 800. The exemption for
married persons whose net income was
in excess Of $1,000, is $4,000.
All Must File
The exemption for single persons
is $1,000. Also, whether married or
single, the taxpayer is allowed a
credit of $500 for each person Deepen
dent upon him for chief support, il
such person is under IS years of age
or incapable Of self-support because
mentally or physically defective.
It should be rememberedp that the
requirement to file a return is placed
upon every married person whose net
income for 1922 was $4,000 or more.
or whose gross income was IS 900 or
omre. and upon every single person
whose net income was $1,000 or more.
or whose gross income was 5000 or
more.
The fact that by reason OF the ex-
empttons and credits, a persons in
come Is not taxable, does not nullify
the requirement to file a return If the
income equals or exceeds these speci-
fed amounts. Net income, upon
which the tax is assessed. IS gross in
come less certain reductions for bust
ness expenses. bad debts, losses, con-
tributions. etc. provision for which
is made on the forms.
Exemptions Allowed
A head Of a family-''a person who
actually supports and maintains in
one household one or more indivi-
duals who are closely connected with
him by blood relationship, relation
ship by marriage or by adoption" is
allowed the same exemptions as
married person.
In the returns OF married persons
must be included the net income Of
both husband and wife and dependent
minor children. Husband and wife
may make either joint or separate
returns. They receive but one per
sonaI exemption. 800 or $4,000 as the
case may be. If they make separate
returns the exemption may be taken
by either or divided between them.
The exemption of S4OO for a dependent
may be claimed only by the one who
furnishes the dependents chief
support
q. S. Agents Help
The taxpayers status on the last
day Of the taxable year-Dec. 81, 1922,
If made on the calendar year basis
determines the amount of his exemp-
tons and credits. If married and nv-
ing with wife or husband on that day,
the exemption is $4,000 or $4,000, &C
Cording to the amount Of net income.
II single and without dependents on
that day, ne may claim but 81 900 as
his exemption, even though he may
have been married or the head of a
family during the greater part or the
year. Widowers, widows, Divorces
and persons separated by mutual con-
sent are classed as single persons:
The bureau of internal revenue ic
preparing to send into each county
in the United States revenue officers
who viii aid taxpayers in making out
their returns. Similar services will be
offered city residents. But the bureaus
advice before seeking such assistance
is to read carefully the instructions
Unless the problem is particularly com
pick. study of the form viii enable
the taxpayer to make a correct return.