The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1924-03-13
TIPS FOR
Continued from last week.

Deductions for contributions to
corporations or organizations cor
ganized and operated exclusively for
religious, charitable, scientific, liter
arv or educational purposes x = : no
part of the net earnings of which IN
ures to the benefit of any private
stakeholder or Individual are de
ductable to the extent of Is per cent
of the taxpayers income for 1928,
computed without the benefit OF this
deduction. Every church constl-
tutes a religious corporation or or
ganization for the purpose of this
deduction. Donations to missionary
funds, church buildings, pew rents,
assessments and dues paid to
churches are deductable.
Deductions for contributions to
political campaigns are not allowed.
For the purpose Of the income tax
law a persons marital status is de-
termined as Of the last day Of his or
her taxable year, December 81, Ii
the return is made on the calendar
year, as most are. If on that day
he was single, he must file a return
if his income for 1928 was $1,000 or
more, or if his gross income was So
600 or more. He is entitled to a
personal exemption of only $1,000.
If he was married, although the GER
emory was performed on December
81. he is granted the exemption al
lowed a married person for the full
wear, $4,000, if his net income and
his wife's. combined was $4,000 or
less. and $4,000 if the combined net
income exceeded $4,000. Ii the
combined net income of husband ana
wife for the year 1928 equaled or
exceeded $4,000 or the gross o
eoualed or exceeded $4,000, a re-
turn must be filed.
A widow or widower whose spouse
died before the end Of the year IS
classed as a single person. d
vorcees and persons separated by
mutual consent are classed as single
persons. 49,
The period for filing income tax
returns for the calendar year 1873
ends at midnight Of March 10, 1874.
Heavy penalties are provided by the
revenue act for persons who fan OF
Hwillfully refuse" to make a return
or pay the tax on time.
For failure to make a return a
becomes liable to a penalty
of $1,000, and a further penalty OF
o. per cent Of the amount OF Che
tax. unless a later return is filed and
II is satisfactorily shown that the de-
linouency was due to a reasonable
cause and not to willful neglect.
For willful refusal to make q re-
turn sor pay the tax on time a tax.
naver becomes liable to a penalty OF
$4,000 or one year Imprisonment,
~ both. together with the cost OF
prosecution, and an added penalty
Of Ok per cent of the amount OF the
tax.
IF an income tax return attempt
ie made to evade or defeat the law,
HE offender is liable to imprison-
not exceeding n year and to
a fine of not more than $4,000 ana
and, in addition, so per cent
Of the total tax evaded. If the I'M
reinstatement is due to negligence
Init without attempt to defraud,
is added 5 per cent of the to-
amount of the deficiency plus IN
at the rate of 1 per cent a
month until paid.
When. by reason Of illness or alb
from home, additional time for
fling an income-tax return IS re-
orired. the taxpayer should address
= tha collector of internal revenue
for the district in which he lives a
-eouest for an extension. inns re-
,nast mist be mailed before the re-
urn is due, March Is, 1924.
The collector may grant an exten-
sion of not exceeding 30 days. AS
| condition Of granting such an ex-
the collector may require on
before March Is the filing OIL a
tentative return. A tentative re-
urn should be made on the usual
'orm, marked tentative" and must
a sworn statement OF the
estimated amount Of the tax due.
If before the end of a 30-day ex-
an accurate return cannot
,e made, appeal for a further ex-
ension must be made to the Com
missioner of Internal Revenue, at
Washington, D. c., together with q
ull recital of the causes for the de-
ay. The commissioner will not grant