Evening star., 1945-01-14
D. {. Residents
+ ace Another
Tax Day Rush.
Quarterly Payment,
Correct Estimate
On lnrnmn nuo

Correct Estimate
On Income Due
Tomorrow is another income tax
day, but most taxpayers will find
that they can wait until March Is
when final 1914 returns are due.
Crowds are expected tomorrow at
the local collectors Office at Twelfth
street and Constitution avenue NV.
They probably will line up in the
corridor long before the doors open
at $3.50 am.
Last week an average of, 1900
persons a day called at the office
to get help in making out returns.
Most of the callers cleaned up
their entire tax return. Some, how
ever, merely paid the last regular
quarterly installment due tomor-
row and will wait until March to
fill out their final returns and set
tie up the account. Others who
made more money than they esti-
mated last April when they filed
their declarations" are revising
these figures.
Surprises Are Due.
Surprises are due many taxpay-
ers this year, because withholding
income taxes from pay envelopes
does not accurately pay the tax
due. Withholdings were made on
the basis of tables which enabled
the employers to take out what
might be considered a rough esti-
mate of what the taxpayer owed.
Consequently, many people will find
they paid too little through with.
holding and must pay more. Many
others will find that their employ
ers took out so much that Uncle
Sam owes them refund.
| Because of this unavoidable mac
curacy, the final return must be filed
by March Is for an accurate ac-
counting for the year.
The most frequent question in
Washington about taxes yesterday
was: What do I have to do Mon
day?"
The answer, revenue officials say,
is not so complex
If you owed that last quarterly in
stalment which was to have been
paid in December, but was post
poned to January, you must pay it
tomorrow, or else settle up for the
whole year by filing a final return.
Farmers Given Delay.
On the other hand, if you have
already paid that final instalment,
and believe that your payments
through withholdings and extra
/ quarterly payments come within 20
! per cent of being in line with the
declaration of estimated income and
{ taxes you filed last April, forget it.
You don't have to do anything until
March Is.
5 If you have made so much more
t income than you estimated last
+. April, that your tax would be 20 per
t cent over the estimated tax, you
face a penalty. To avoid tl1is pen
: atty, the declaration Lay be revised
: tomorrow or the final return may
: be made tomorrow.
). Farmers were allowed. to wait
until tomorrow to file fheir first
: declarations of estimated income
:. and taxes for the year 1914. There
5 probably are some other persons
who began to make money late in
the, year and should file their first
declarations by tomorrow.
"Unforgiven" Tax Due.
One thing many persons are for
getting. 1t is the "unforgiaen" tax,
:. which was computed last year
: : when the Government changed
over from paying one year on a
previous years income, to the new
system of pay as you CO." Tax
payers were allowed, If they chose,
to pay only one-half of the 'un-
forgiven" tax last March. But il
they paid only one-half Of it at that
time, then the other half will be
due March Is. A separate tax bill
will be sent direct to all taxpayers
who owe this extra sum.
There are three methods of max
ing out the final return for 1914, as
explained in the somewhat simpli-
: fed instructions this year.
First there is the little withhold
ing receipt, known as "W-2," which
l many employers already have filled
: out and given to their employees
! This form shows the amount oi
wages or salary paid, and the amount
: of withholding. You may use your
i. withholding receipt as your return,
S say the instructions, "H your tota.
income was less than $1,000, consist.
ing wholly of wages on withholding
!. receipts, or of such wages and not
; more than 500 of other wages, div.
idends and interest" No payment.
need to be paid in filing the W.:
form as a final return. Bills, viii
be sent later
}, Secondly, there is ''short-form
J return" with table showing thu
: exact tax due on incomes of $500
or less. you make a short-forn
return on Form 1040," said the in.
structions, 'if your income was les.
than $1,000, by using the tax tabl,
: on the form and tearing on page.
2 and 4. If your income was who'll,
from salaries, wages, dividends ar,e
: interest, you need fill out only pa9,
l. If you had other income, yo,
must also use page g." You mus
also attach form W..
Third is Long Form.
! The third way to make a ret,,r,
is on the so-called long form. als,
by the use of Form 1040. "Yo,
! must make a long-form return" sa,
the instructions, IF your incom,
was $1,000 or more or If YOU clair
deductions amounting to more thar
10 per cent. Of your income Ir
Eelther OF these cases you must us,
page 4 instead of the tax table or
page 2S II. you have a W-2 i
must be attached to the return.
Form l040 has been mailed to al
taxpayers Of record, from the ONCE.
OF Collectors of Internal Revenue
For the District OF Columbia and
Maryland. they come from Balti.
more and for Virginia they come
from Richmond.