Jasper County Democrat, Volume 21, Number 95, Rensselaer, Jasper County, 26 February 1919 — PAY AND FILE INCOME TAX BEFORE MAR. 15 [ARTICLE]

PAY AND FILE INCOME TAX BEFORE MAR. 15

U. S. Internal Revenue Bureau* Gives Warning That Severe Penalties Will Be Enforced^ WOMEN WITHIN LAW’S SCOPE? HOW THEY REPORT INCOME The Income Tax drive come* to a close on Saturday night, March 15. The payments and returns due on that date under the provisions of the new Revenue Law must be in the hand* of local Internal Revenue Collector* before their offices close that night. The Income Tax Is being collected to meet the war expenses. Every person who shouted an<\ tooted his horn on Armistice Day Is now called upon to contribute ids share of the cost of winning the war. The laggards and the dodgers will face severe fines and Jail sentences. The Internal Revenue Bureau announces that its officers will check u* all up to see that every person who comes within the scope of the Incom* Tax law did his share. Where to Pay and File. Residents of Indiana will make returns and pay their taxes to Peter J. Kruyer, Collector of Internal Revenue, Indianapolis, or to Isaac R. Strouse, Terre Haute, or to any of the deputy collectors who are now doing free advisory work on Income TaV Payments sent by mall should be attached to the returns and should be in the form of check, money order or draft. Cash payments by mall ar* sent at the taxpayer’s risk of loss. If you are unable to make your return personally because of Illness, absence or incapacity an agent or legal representative may make your return. If there are any doubtful points as to your items of income or allowable deductions you should get In touch at once with a Revenue officer or a banker for advice. Women Pay Tax. Women are subject to all the requirements of the Income Tax. Whether single or married, a woman’s income from all sources must be considered. If unmarried or if living apart from her husband she must make her return for 1918 if her net income was SI,OOO or over. If married and living with her husband her income must be considered with the husband’s in determining the liability for a return. Their Joint income, less the credits allowed by law, is subject to normal tax. The wife’s net income is considered separately in computing any .surtax that may be due. Husband and wife file jointly, a* a rule. If the husband does not include his wife’s income in his return the wife must file a separate return.

Severe Penalties. The new Revenue Law places sever* penalties on a person who fails to make return on time, refuses to maka return or renders a fraudulent return. For failure to make return and pay, tax on time a fine of not more than SI,OOO is named and 25 per cent of th* tax due is added to the assessment. For refusing willfully to make return or for making*a false or fraudulent return there is a fine of not exceeding SIO,OOO and imprisonment of not ex«. ceeding one year, or both. Farmers’ Income Taxable. Every farmer and ranchman who had a fair or a good year In 1918 must heed the Income Tax this year. He must consider all his Income as taxable. He is entitled to-.deduct from his gross Income all amounts expended in carrying on his farm. The cost of farm machinery, farm buildings and improvements cannot be deducted. The cost of live stock, either for resale or for breeding purposes, is also regarded as investment. Overtime and Bonuses Taxed. Salary and wage earners must consider as taxable every item received from employers and frojh other sources. Bonuses and overtime pay are to be reported as well as the regular payments. • Allowances for Losses. Losses sustained in 1918 and not covered by insurance are deductible items if incurred in the taxpayer’s ’business or trade, in any transaction „undertaken for profit or arising from fire, storm, shipwreck or other casualty or from theft.