The Miller press. [volume] (Miller, S.D.) 190?-current, 1924-01-10
FILE RETURNS EARLY
SAYS TAX COLLECTOR

The following statement is issued
by Collector of Internal Revenue of
the Aberdeen district of South Dako-
Ia:
Let one of your New Year resolu-
| tions be to file your income tax return
early. Forms for filing individual,
corporation, partnership, personal
| service corporation, information, fl
duciary and other returns required
by the revenue act are now available
at the Office Of Collector Of Internal
Revenue, Aberdeen, s. d., and the
branch Office at Sioux Falls.
The filing period is from January
1 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 devel-
oped a simpliied income tax form
which Collector Jensen declared
would make 1t easy for the salaried
or w~age-earning taxpayer to prepare
his return for the coming filing period
as il would be for him to fill i'm a
request for a postal money order TO
make out an application for employ
ment such as is required by the aver
age commercial concern.
Reduced from six pages to a single
| sheet on which answers arc required
TO only three questions in relation
to income, Form 1040A has been re-
vised in the interest of the great
majority Of taxpayers. The number
If persons affected by the adoption
of the simplified form is shown by
The fact that of 6,662,17 personal re-
turns filed for the calendar year 1921
5,l36,570 were returned on Form
l04oA. OF personal income amount
| lG40A forms, $40, 9S1 ,649, 1853 was de-
lived from salaries and wages.
1000, 900 persons in the United States
1t is estimated that more than
will use Form 1040A in reporting in
| come for the calendar year 1923. Out
| nj a total of approximately 10000 who
will file returns in the district of
( South Dakota, more than $4,000 it
- estimated, will use the new form.
Persons who use 1040A will find
| he problem of correctly making out
IN income tax return reduced to a
minimusT. jre 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 1040A will be used
| ax.In,,ciyoly by toynovara uhnup indi-
| vidual net income is $4,000, Or less
coming principally from salaries and
wages. and was designed to meet the
almost universal criticism that the
income blanks were so complicated
that il required the services Of a Law
| yer or an expert accountant to fill
one nut.
Form l040 is to be used by persons.
any part of whose income for the year
| 1928 was derived from business or
| profession. farming, sale of property,
or rents, regardless of the amount,
| and in lal cases where the net income
was in excess of $1,000, whether from
salary. wages, business, profession or
| other taxable sources.
| TOEHltIly vi lVfU "uS ubSu obty
| where the net income exceeded $4,000.
| The taxpayer will receive both forms
for the reason that It Is not possible
to determine at this time which form
is desired by individuals.
| Failure to receive form does not re-
| lieve the taxpayer of his obligation
TO file his return and pay tax on time.
A copy of the form desired may be
obtained on request, written or oral,
at the office of Collector Jensen or
any of the branch offices.
In view of the fact that it is not
possible to determine, at this time
the class Of return which will be re-
quired by 1040A taxpayers whose
names now appear on the lists Of
this district, ] have decided to mail
both blank Forms 1040 and 1040A to
all 1O40A taxpayers, and the taxpayer
can then select the proper form on
which to make his return"