| Show Millions More fore To Pay Taxes On 41 44 Income Gov Government Offers Aid to Those Who Vill rile File This Y Year car released by Wc t rn Newspaper r Union WASHINGTON D. D C C. C In Inless Inless Inless less than two months millions of citizens of the United States arc are going to be bo paying their Income tax for 1941 It is also alfo a known fact because of the lowering of oC the income tax base very many more people are arc going to be paying or filing filling ming fill fil ing an income tax that didn't do so for 1940 1040 Following arc some hints and suggestions that will help you when filling mUng out your income tax form WHO WiIO MUST FILE A RETURN Every single person having a gross Income of or more every married married mar mar- ried tied person not living with husband or wife and having a gross cross income of ot or more and married persons per per- sons lions living with husband or wife who have an aggregate gross income income income in in- come of ot 1500 or more WHEN MUST RETURNS DE BE DEFILED FILED For the Uie calendar year IOU 1941 on or before March 16 10 1042 1942 For Forthe Forthe Forthe the fiscal year on or before the day of the third month following U tile the c close of ot the fiscal year WHERE AND WITH WHOM MUST INCOME TAX RETURNS BE DE DEFILED FILED In the revenue Internal revenue district district district dis dis- dis- dis In which the person lives or has hus his chief place of business and with the collector of ot Internal rev rev- HOW DOES ONE MAKE OUT illS HIS INCOME TAX RETURN By Dy following following following follow follow- ing the Uio detailed Instructions given on the Income tax bin blanks nits Form 1040 and Form tOA 10 optional simplified simplified simpli simpli- fied fled form torm WHAT IS THE rIlE TAX RATE A normal tax of 4 per cent on the amount of the net Income in excess of the allowable credits against net t I income DONT DON'T prepare your income tax return until you carefully read rend and understand the Ule instructions accompanying the forms torms Make out a Ii worksheet work and check it with the instructions before filling mUng In the forms DONT DON'T if it your gross income is or less and is wholly from salary wages or other compensation tion for tor personal services dividends interest rent annuities amenities or royalties file flie your return on Form 1040 without without without with with- out carefully considering the Ule option to the file the simplified Form since the filing nUnc of your return on either cither form in such case constitutes an nn election which prevents you from filing an amended return on the thc other form torm DONT DON'T NT overlook the feet fact that for forthe forthe the majority of or taxpayers the tax for 1911 IOU will be lie two or three times limes us as much as for tor 1910 1940 anti anil that It is important for tor you to save out of ot your weekly or monthly earnings or otherwise provide u a sufficient amount to pay your tax when it becomes be lIl comes due duo If It any uny installment is not paid when due the Ule whole amount of ot the tax unpaid is required to be paid upon notice and demand from the collector A very arresting fact tact in the Uie 1941 1011 income tax tux law is the Ule lowering of ot the Uie personal exemption from to for a single person and from tram 2000 to 1500 for tor n a married person person per per- person son or the Uie head hend of at a family and andUle the Ule change in the basis for determining ing liability for tor a return It mutters matters not if the Uie return discloses discloses dis dis- closes that U at by reason of ot allowable deductions or the credit for tor per per- personal personal scant exemption or for tor a dependent or dependents the individual has no nu tax to pay the gross income of at such persons must be reported to the Uie government The experience of former years shows that the bureau is always swamped with will late Inte returns If It taxi taxpayers tax tax- i payers will Ole file their returns early they will find that this will be mutually mutually mutu mutu- ally 1111 beneficial to them and to the Uie government Forms for filing returns of income for lor 1941 1911 have been sent to persons who fled filed returns last year Failure to receive a form torm however does docs not nut relieve a taxpayer of ot his obligation obligation obliga obliga- tion to the file his return and und pay the Uie tax on on tine time on or before March l 16 10 if it the return is made on the Uie colon calen dar year dar basis as ns is the Uie case with I most individuals Forms may be obtained upon request request request re re- re- re quest written or personal from the Uie offices of collectors and und from tram deputy deput collectors of ot internal revenue in the th larger cities and nod towns The revenue act of 1941 provides a n simplified method of at computing income income in in- come tax in the case of individuals whose gross Income is derived wholly wholly whole ly from salar salary wages or other com com- |
