Show INC UME TAX aa X FORMS OUT the following statement is issued by collector of internal revenue james H anderson for the district of utah forms revised and simplified for filing individual returns of income inconis for the calender year 1922 of and less will be available tuesday jannary 2 at the office of collector of internal revenue at salt lake city utah A copy will be mailed to taxpayers who last year filed a return ant failure to receive tile the form does not relieve a taxpayer of his obligation to file a return on time on or before march 25 1923 the form has instructions which should be carefully read by the taxpayers before fining filling in tile the blanks A study of these instructions will greatly lessen difficulties liff heretofore cn encountered countered in n correctly making out the returns the return to be filed consists of one sheet allea while the work sheet and instructions to be retained by the 1 person ers on making the return consists of a double sheet on oil page one under the head of income are spaces for report reporting the following items salaries wages commissions etc income from partnerships etc rents and royalties p profits from business or profession interest on bank deposits notes mortgages and corporation bonds profits from sale of real estate stocks I 1 bonds etc and other income beneath I 1 are spaces for entering deductions deduction s suc such h as interest and taxes paid during the year losses by fire storm shipwreck or other casualty or by thet theft contributions bad debts etc on page two are spaces for en bering of the v various ar items i L e the total amount of income from business or profession fes sion with description grocery 4 1 retail clothing drug store laundry doctor lawyer far farmer nier fr from om rents and royalties sale of property etc returns are required of every single person and evary every married person not living with husband or wife on Decem december alst 1922 whose net income for 1922 was vas 1000 or more and of every married person living with husband or wife on de december i alst 1922 1022 whose net income was 2000 or more if the combined tiet ilet income of bu husband wife and dependent minor children childre ii eap equalled equal balled led or elc exceeded e bcd 2606 2000 or 1 if ai the combined gross income of husband wre wife and dependent minor children equalled equal led or all such income must be reported on a joint return or in separate re turns of husband or wife if single anal aal the net income including k that of dependent minors if any equalled equal led or d exceeded I 1 x 1000 or if the 66 gross boss income equalled equal led jp a return must be filed A minor i however having a het heli income of 11 1000 or 2000 accor according dirig to martal status or across a gross income of must file are tum the requirement to file return aX are tum fi i of gross 0 vw income regardless of bf the amo amount ay 0 o of net income of which aaa c f ak f rt t i 4 j 1 i the tax is assessed is a ne new pro pr oi Oll not net income is gross income less certain deductions which ore are explainer on the form under each of the above conditions dit ions a return must bo be filed even though no tax is duo duc the I 1 exemptions are 1000 for single persons and married persons not living with husband or wife 2500 for married persons living with husband or wife whose net income for 1922 was or lessi less and 2000 for such persons whose net income was more thun than the exemption for dependent a person under eighteen years of age or mentally or physically defective fec tive the normal tax rates are arc 4 per cent on the first of net income above the exemptions and 6 per cent on the remaining net income the tax this year As angast ANI last ast may be paid in full at the time of filing the returns or in four c i aur installments due on or before march 15 june 15 and september 15 if an installment is not paid promptly the whole amount becomes due immediate immediately lk heavy penalties are arc provided by the revenue act for faa failure e to file a return and pay thata the tax x on time announcement will be made through the press of the date of release of forms 1040 for filing individual rebuan of in income come of more than |