Show pi peato eda A L I 1 r wa TAX T IH 19 must st P bp pa falc P on or or pei before april W tos tax 06 du 9 inky may bo be p iq aw now or on or r 0 A t I 1 aaro afa single ani your dour net income ca for ar 1917 ans or OF more you must ak 1 l A a rii returns turn it if u aro nippo gnap ried and irvng with wife pr idoa husband nd and yel a net income af pf 2000 or more ff tor 1017 you kuust all fife a a return lipsma ads arid cifes 1 income inest be con eldered jointly plus income fi p phildren income ot of ft A or incompetent derl derived yep from fram a sf ep arate pat ate must DO I 1 d PY by bla 13 legal severe penalties are provided for til icho or evade the law por faso Is 0 or fraudulent return there bor ia a bezi penalty ity axce exceeding eding 2000 fine 0 or r years cuip lionide nf or li ali plus joo per e ae cent nt pt P f tax ta X for fa failure to make return on 0 or r befaro april 1 1018 alne ls from 20 to 1000 plus CO 50 per cent fit tax due rout bo bil filed fi ledwIth with the collector af pf internal ito Ilo v venue of dietric t in which you yop live an A agent may file return tor for a apera person wha Is absent aiom irom tile the country br other otherwise each return must be ba signed and sworn or by person execute h i ini ni it single persons inq are allowed 1000 exemption in computing normal tax A married person with wife WHO or hu husband osband Is allowed 2000 exemption plus for each dependent child under 18 I 1 A ahead licad of family though single la Is allowed 2000 I 1 exemption if actually supporting one or more relatives Ile returns turns show the entire amount of earnings gains gali walid and profits during n k the year officials and employees ce s are not taxa ble on the salaries or waged received rom i orn a state county 4 city cit y or in p tile the united states interest op state and municipal bonds bonda issued within the U Is 13 exempt from federal income aft tax and should be o omitted interest on united states government bonds Is also exempt op levrau zi h n gs of bf liberty fours foura in 14 excels of ii par value DIvI dividends denda are not subject to normal tax but bai must bo be reported and included in not WOM income gifts and lonclos logn lom clos oro nto not income and should not be included on tho return of the beneficiary ilfe insurance yec elred ns AS A b ene or dr as premiums paid bad back at maturity or surrender of policy Is not income payments received recel for real or personal property sold Is not income but the profit realized thereon Is income abr the year of amounts received in payment of notes or mortgages la Is not income but the interest on such notes or mortgages Is taxable income from the entire gross income certain allowances are made in arriving pt at the net ilet In income conle necessary expenses actually paid in tile the conduct of business trade or profession may be claimed A farmer can claim payments for labor jabor seed fertilizer fertilize stock feed repairs on buildings except ills his dwelling repairs of fences and farm machinery materials and small tools for lin immell ate use tile the amount of rent paid for a farm may also be claimed as a tenant far farm in ors ars expense payments for live stock are allowable ble if bought for res resale ale rut but it bought for breeding purposes cattle are an investment not au an expense and cannot be allowed I 1 A A storekeeper can claim amounts paid bald for advertising clerk litre telephone water light and fuel also drayage an d freight bills and cost of operating and repairing and trucks A physician can claim cost of ills professional supplies rent help telephone ej expense pense of team lille used in making profess professional donal calls and expenses attending medical conventions vent ions lons A dentist can items except team or auto expense which aro are not necessary in his profess profession lon expenses that are personal or connected W h any way with the support or well being of 0 a per familiare famil fan itly yare are not alloi allowable vable afie costs of machines instruments vehicles or oi implements that are moro more or less perma permanent nentin in diameter are not allowable as an expense they are arc in vestments Inter interest cst paid on a mortgage ar or other personal indebtedness Is allowable on oil a personal return all taxes paid within tile lie year can ho bo taken out on oil a federal return except federal lacome taxes inheritance sand assessments for local improvements prove ments losses sustained in business or through tire fire storm or or li theft except when compensated by in or other wW 1 14 |