Show INCOME TAX PAYERS TO KEEP COMPLETE BOOKS collector of internal revenue camei 11 II anderson And ergon leaned issued a statement nt today calling attention to the fact that the united state states treasury department iia fins just issued aued a regulation regul tion concerning 1 the keeping of book books TY oy people liable to 0 o united state states revenue taxes income and otherwise the regula regulation tiou referred to provide provides every taxpayer carrying on the business buel nesa of producing manufacturing purchasing ging or at selling any commodities or merchandise mer chandlee except tsie business busin pal of growing and anti selling product of the eoll soil fie etc shall for the of the amount of nf income under the rev denue act of 1811 kiep euch such permanent books of account neco urit or records rot including ine lading inventories as ire ned necessary essary to lish the amount of gross income and de tie duct dictions ions credits and othe other inform information required by an income tax return the ta payer cr shell such broka of account or record records for the inspection of revenue officers duly autho authorized bv law to inspect the tho same saine at such time ant in 11 the tho manner pro provide videl 1 by law the only exception among producers pro lucers manufacturers or dialeti in any corn cont modi modifies fles or merchandise fam thie this re qui quin ment rement of keeping permanent books of account or reword are farine gar drs horticulturists etc i hose busl buil W ness no is that combining fie vie grow growing lair and selling of product of the soil oil while the grower who also sells Is exempt as to hl own p dellera de ailers ia in product products er than that grown by them must mu keep permanent records this requirement now being in force it Is advisable advie able for those coming within iti its provi lons each to instill a system of bookkeeping from january 1 I 1922 anil anti on 0 o elaborate ela boruta system ts is re quiren but it U be sufficiently in detail to show accurately the income outgo and anti expense from month to month throughout the year |