Smyrna times., 1924-01-09
ZINC PERIOD FOR INCOMES
John W. Herring, Collector of Intern
al Revenue. Desires Early Returns

John W. Herring, Collector of Intern
al Revenue, Desires Early Returns
Let one of your New Year resolu-
tiOns be to file your income tax re-
turn early. Forms for filing individ-
ual, corporation, partnership, personal
service corporation, information, fidu-
ciary and other returns required by
the revenue act are now available at
the Office of Collector of Internal Rev
enue, John w. Herring, and the fol-
lowing branch offices.
The filing period is from January
l to March Is, 1924.
Inaugurating the most progressive
and important step it has taken since
the initiation of the Income Tax Laws
the Internal Revenue Bureau, after
months of research work, has develop |
ed simplified income tax form which |
Collector Herring declared would make |
it as easy for the salaried or wage |
earning taxpayer to prepare his re-
| turn for the coming filing period as
it would be for him to fill in a request
for a postal money order or to make
out an application for employment
such as is required by the average
commercial concern.
Reduced from six pages to a single
| sheet on which answers are required
/ to only three questions in relation to
income, Form 1O4OA has been revised
in the interests of the great majority
of taxpayers. The number of persons
affected by the adoption of the simpli-
fled form is shown by the fact that
of 6,662,176 personal returns filed for
the calendar year 1921, 6,136,570 were
returned on Form 104OA. Of per
sonal income amounting to $13,215,-
434,211 reported on 104OA Forms,
| S1O,981 ,649, ,339 was derived from sal
aries and wages.
1t is estimated that more than A.
100000 persons in the United States
will use Form 104OA in reporting in
come for the calendar year 1928. Out
of a total of approximately $4,000
who will file returns in the district Of
Delaware about 10000, it is estimated
will use the new form.
Persons who use Form 104OA will
find the problem of correctly making
out an income tax return reduced to
a minimum. The difficulties of the
audit also will be greatly lessened,
thereby expediting the work of the
Bureau of Internal Revenue, and re
ducing the cost of operating expense.
The new Form 104OA will be used
exclusively by taxpayers whose indl-
vidual net income is $4,000 or less
l coming principally from salaries and
l wages, and was designed to meet the
almost universal criticism that the in
e come blanks were so complicated that
it required the services of a lawyer OF
4 an expert accountant to fill one out.
Form 104O is to be used by persons
anv part of whose income for the veal
n 1928 was derived from business Ol
n profession, farming, sale of property
$ or rents, regardless of the amount
] and in all cases where the net income
Il was in excess of $4,000, whether from
= salary, wages, business, profession o
Il | other taxable sources.
Il Formerly Form 104O was used onl.
where the net income exceeded $4,000
? The taxpayer will receive both form
S. for the reason that it is not pOsslbl
# to determine at this time which fOrr
-e desired by individual.
n Failure to receive a form does no
relieve the taxpayer of his Obligatio
,r to file his return and pay the tax o
Is time. A copy of the form desired ma
al be obtained on request, written or ore
at the Office Of Collector, John w. Hel
ing, or any of the branch offices.
In view of the fact that it IS ne
possible to determine, at this time, III
ip class of return which will be require
S by 1O4OA taxpayers whose name
t. now appear on the lists of this distr'
DIS the collector has decided to mail bot
in blank forms, 1O4OA and 1O4O to
ay 1O4OA taxpayers, and the taXpay'
M can then select the proper form
he which to make his return.
n