The Wrangell sentinel., 1946-01-11
INCOME TAX AIDS

al revenue office has issued the
 following questions and answers
 1. What Federal tax form must
 be filed by January 15th?. Your
 l945 Declaration of Estimated Tax , Cor an amendment of your 1945. Declaration).
 22. Does everyone have. to file a Declaration? No This filling should not be confused with the regular
 time for filing annual income tax
 returns, which must be filed not
 later than March 18th.
 l 8. Who does have to file Janu- saFy 15? Three groups as follows
 (a) farmers, (b) persons who yfiled 1945 Declaration of Esti-
 mated Tax, but wish ito change their estimate, (c) persons who should have filed a 1945 Declara- tion but have failed to do so.
 4. Did everybody have to file l945 Declaration? No, only per 6sons whose wages last year ex- lceeded S5,000 plus $500 for every exemption except their own and Ppersons who had over $10O income outside of wages from which tax was withheld 5. What are some examples? A i wage earner with a wife and one Rchild has two exemptions besides shis own, and if his wages exceed { jed $6,000 ($5,O0O pIusI $500 plus $500, he had to file l945 Declaration. Also required to ? file were merchants, landlords, r lawyers, doctors and others who | received income from which tax Was not withheld.
 6. Why is Jan 15 a special date | for farmers? Other taxayers were required to file declarations last | March, the law specifically per Lmitted farmers to wait until the next January 15.
 | 2. If I umst file a 1945 Declar- i ation of Estimated Tax what form should I use? You have choice between filing an estimate on form 1O40-ES and filing your annual income tax return on Form 1O4O. 1 You can get either form from the |, nearest collector of Internal Rev | enue.
 8. What form should I use to change an estimate I filed last : spring? You have the same choice between Form 104O-ES and Form 1040. If you use Form 104O- -ES, write the word Amended" at the top of the form.
 g. What is the difference be- tween Form 1040-ES and Form 1O4O? Form 1O4O-ES is a special form for estimating tax Form 1040 is the regular blank for fil- Ling annual income tax returns.
 10 How can I decide which form ! is best for me? If by January Is, you do not have exact figures on your 1945 income and deductions, it is best that you use Form 1040 ES. In that case you will have to also file your regular 1945 return by March 15. If you are in a posi- tion to file your regular return as early as January 15, you can file Form 1040 then and it will serve both as your Declaration and also | as your return. II. Does the new tax law, pass | ed by Congress a few weeks ago | change any of this procedure? No, | your declaration or return is for | l1945 and the new law applies on- ly to income received in 1946.
 12. Do members or veterans of l the armed services have to file de- clarations? Not as to their pay | 1 for active service in the armed | forces (eXcept REGULAR officers serving within the United States) | However, if they have any civilian | 1 incomes, it is treated the same as | the income of any other taxpayer. 1 13 Suppose I am one of the tax payers who must file a Declaration of Estimated Tax on January T5, how do I estimate my tax for last year? Estimate your income for 1945 and Then figure thc tax by the same method you use to com Ipute your exact tax on your an- nual return.
 IA. Are there any special work l Isheets or tables to help me e5ti- mate? You don't need any special sheets. Use a copy of the regular return blank, Form 1040. 15. If I use the regular return blank, Form 1040, to figure my tax, can I file that instead of an estimate form? If you fill it out like a regular return and use eX- ,,act figures (not estimates), you can file Form 1040, and it will serve both as the declaration due now and as the return due March
 15. Il
 16. Part of my tax bill is paid through the tax deductions my
 employer makes from my pay
 check. Do I have to pay the esti-
 mated tax on top of that? You pay onIu tha difference hetWeen the