Evening Republican, Volume 21, Number 11, Rensselaer, Jasper County, 15 January 1917 — Income Taxes For Year 1916 Are Now [ARTICLE]

Income Taxes For Year 1916 Are Now

Those who are fortunate enough to be included under the income tax law may jnly their tax for the year of 1916 any time now. . Postmasters throughout the country are receiving the commissioner of internal revenue and have been directed to distribute to all who apply for them, “Form No. 1040,” on which the return of the annual net income tax for 1916 may be made to the collector of internal revenue at Terre Haute. This return must be made by every vitizen of the United States, whether residing at home or abroad, and every person in the United though not a citizen thereof, having a net income of $3,000 a year or over, including dividends on the taxable year, although the tax has been paid at the source and the return shows no tax liability. Failure to have there returns in the hands of the collector of internal revenue, on or before March 1, 1917, subjects the delinquent to a penalty not less than S2O or more than SI,OOO. Any person whose net annual income is $3,000 or over, though he mav be subjected to no tax under the law. must make return as indicated of suffer the penalty prescribed.