Kankakee Valley Post, Volume 18, Number 8, DeMotte, Jasper County, 16 January 1948 — Gross Income Tax Is Due January 31 [ARTICLE]

Gross Income Tax Is Due January 31

All Of Your Receipts For Year Are Taxable, Less SI,OOO Exemption Indianapolis, Jan. 13 While thousands of Hoosiers prepared to pay the annual installment of their 1947 Indiana Gross Income tax before the January 31 deadline, Walter L. Sturdevant, chief deputy of the tax division, today pointed out that the terms “gross income” and “gross receipts’’ are synonymous under the provisions of the state tax act. “Each year,” Mr. Sturdevant told reporters, “this division has been forced to go back to several thousand Indiana residents with delinquent tax assessments and the resulting penalties simply because our taxpayers did not understand the law.” “If we could make them realize that ALL of their receipts for the past year are taxable we’d save them a lot of headaches. Too many tapayers report only their wages and salaries. They neglect to enter money received from other sources.” Mr. and Mrs. Bruce Todd were in Indianapolis, on business, over the week-end. Mr. and Mr. Marshall Watson and son, David, of LaCrosse have moved in with her mother, Mrs. C. P. Curtin. Mr. Watson is employed at Curtin Motor Sales in Rensselaer.

Mr. and Mrs. Gerald Curtin were in Detroit Sunday and Monday. ,

Mr. and Mrs. Bruce Pierson of Chicago spent Saturday at the Kessingers.