The Wilmington morning star., 1943-12-06
TAX DECLARATION
due DECEMBER Is.
Farmers Required To File
Their First Income Re-
port By That Date

Although a limited number O
non-farmers also will have ta1
payments to make or declarations
of estimated tax to file, Commits
sioner Hannegan explained tina
December Is will be the first dat
by which farmers will be requir
ed to file Declarations of Els
timated Income and Victory Tax,
similar to the declarations flee
by nearly twelve million person!
on September Is.
"By the very nature of his bust
ness, the farmer could not be pu
on quite the same basis as the
city wage Garner when Congress
adopted the pay-as-you-go sys
tenn" Commissioner Hannegan ex.
planned.
''In the>first place, the farmer
usually has no wages from which
tax can be withheld. In the second
place, because of the hazards Of
weather and other conditions Of
agriculture, the farmer could moi
be expected to estimate his in
come until most of the crops Were
gathered and sold.
Therefore, to make the pay-as.
you-go system as fair as possible
to farmers, the law makes two
special provisions. First, farmers
who file returns on a calendar
year basis need not estimate their
income and tax until December IL
of each year, and second, a farm
er's estimate will be exempt from
penalties for understatement if the
tax estimate is within a 80 1-a
per cent margin of error Chased
on the annual tax return to be
filed, as usual, the following
March,.
"Under these provisions, the
farmer is enabled to pay his in.
come taxes substantially in the
same year as the income is re.
ceived, which is the primary OBJ.
jective of the pay-as-you-go sys.
tem-with due regard for the spe.
cial difficulties of the farmina
business
December IS is also a filing
date for two other groups of citi
zens. Anyone who filed declara
ton on or before September Il
but who underestimate his tag
substantially-20 per cent in the
case of a non-farmer, or 33 l.:
per cent in the case of a farmer
should file an amended declara
ton by December Is to avoic
penalties prescribed by law fol
such substantial underestimate
The special provisions relative tx
farmers will apply to all person!
who expect at least 80 per cen
OF their total estimated gross in
come from all sources will b.
from farming.
The other persons who must fill,
by December Is are those who die
not file in September because they
anticipated that their income fol
the year would not be sufficien
to require filing but who now fine
that their income will be higl
enough to require filing a declare
ton.
Extensive efforts have beer
made to provide farmers with al
the information they will need tt
complete this filing, and I iav,
Instructed the Collectors office,
to give every possible assistance
to farmers" Commissioner Han
negan said.
Many farmers already have
the forms which were sent then
In August. These forms are still
good and may be used. Any farm
ers needing more forms, however
will be supplied promptly upor
request to the Collectors.
Gin addition, any farmer WIN
desires to make precise estimate
for which Form 104OF (schedrle
OF Farm Income and Expenses
is useful, may also get these form,
from Collectors. However, farm
ers desiring only to approximate
their tax-Within the permissible
80 IS per cent margin of error
Will find the simplified worksheet
which is supplied to all taxpav
ers, adequate for this purpose
Farmers and others filing de-
clarations for the first time will
find that the form provides credi,
for any tax paid this year on ac
count of their 1912 income ia,
and also for any taxes withheld
from wages. The payments of es
timated tax, to be made in con
nection with the filing, are onl,
the difference between the to-
estimated tax and these credits
While most farmers do not work
for wages. some of them WIKI
work part-time during slack farm
ing seasons-perhaps at near
by cannery, packing house o,
stock yard-may have had some
tax withheld from such wages anc
therefore will be entitled to take
credits accordingly.
The general requirements for fill
ing a declaration, for both farm
ers and non-farmers, include al
persons who had in the calenda,
year 1912 or expect to have r.
the calendar year 1913 any of thf
Following amounts or types d
income: VI