Show CORPORATIONS ARE RISKING PAYMENT OF A 1000 FINE concerns both active and BUSINESS B idle are manifesting a decided apathy toward paying the federal corporation tax assessed by the govern government government ment meat on their gross value and as a re result result sult suIt some of th officers at the heads of ot the corporations whose duty It Is to tofile tofile tofile file with the commissioner of internal rev revenue revenue revenue a statement or o earnings or a state statement statement ment meat showing no earnings if the th company com pan panIs Is inactive stand an excellent chance of subjecting themselves to a severe penalty The law provides that all corporations in a state before the first day of ot March Marchin II arch archIn in each year eor file with the commissioner of internal revenue a statement showing the earnings of the corporation during the ensuing year and further provides that inactive companies who have had no earnings are required to so inform the revenue department Very Ver few Utah corporations have made returns to E H Callister the local In revenue collector and unless the proper steps are re taken within the next few days the officers who are charged with the duty of filing the reports will wilt make themselves liable to a fine fino of not less than 1000 There is only one way out of the di dl dilemma dilemma lemma for corporations that Is to make the necessary returns to the commissioner as not being notified or failing to re receive receive the necessary blanks on which to tomake tomake tomake make report does not excuse the corpora corporation tion and such excuse will not prevent the fine being imposed There are a number of inactive corpora corporations corporations l in the state whose earning capacity has been dormant for years but the fact remains that they the like the corporation earning a million must file a report not later than 1 of each year Atten Attention Attention Attention tion to the corporation tax provisions has previously been called but despite the warnings the corporations continue to be lax |