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Show wiraioiis Corporations, Banl, Individuals Individ-uals and Revenue Officers Are All Guessing. YOUR MOVE, EACH SAYS Instructions That May Clear Up Mooted Questions Are Eagerly Awaited. If tho inoomo tax law was a gamo of checkers and tho playoro wero the Salt Lako corporations, banks and Individuals In-dividuals who aro affected by tho law on ono sldo and the internal rovonuo office on the othor, tho parties of tho first part would say to the parties of the second part, "Your move." This was tho situation in Salt Lako yesterday, tho day on which tho law became effective Said tho bankers: "Wo aro waiting for instructions. We don't clearly understand tho law ourselves our-selves and it appears that thoro is some doubt in the east as to whether tho governmont officials understand it all themselves." "We havo done nothing yot," said E. H. Callistor. internal rovenuo collec tor, "We aro expocting instructions regarding the oporation of tho law daily, I believe they should be horo by Monday. As soon rb wo get these instructions in-structions wo will proceed to carry thorn out and will notify local institutions institu-tions what will be expected of them." East Also Is Puzzled. A telegraphic dispatch from New York, printed in The Tribune yesterday yester-day morning, told of tho situation in tho cast. Some of tho local bankers discussod it yesterday. Most of thom were agreed that tho provision of tho law roquiriug a collection at the "source" of the income would give the most trouble. "The mattor of determining the.' source of the incouio is going to bo' perplexing," said one pronunont banker. bank-er. "Horeaftor wo can only accept coupons clipped from bonds "for col-leotion. col-leotion. We couldn't pay tho value of the coupon and colloct tho amount our-solvcs, our-solvcs, as haa beon the practice in tho past. For it might bo that tho corporation corpo-ration which issued tho bonds had been charged with the 1 por cent normal tax, and this would have to bo do-ductod do-ductod from its value to the holdor. If it was an eastern bond we would havo no way of knowing whother this tax had been taken out and therefore could not cash coupons. This will bo an immediate im-mediate effect caused by the law." One Point Is Clear. "As far as tho salaried employees of corporations aro concerned, it will bo an easy matter to determine whether they como under the provisions of tho law," Baid another banker. "The corporation cor-poration in question knows at onco what omployeea are earning either tho $3000 taxablo income of the unmarriod man or tho $-1000 taxablo income of a married man. With such omployoos it Is an easy mattor to pay the tax and deduct it from salaries. But tho quostlon of tho eouroo in the matter of bonds and stocks will be more difficult diffi-cult to establish, and I bellove it will give a lot of trouble at least for a timo." Ono banker 6ald that he had received re-ceived a notico that a Bet of instructions instruc-tions concerning tho operation of the inoomo tax law, as far as corporations were affectod, would bo sent to him. Ho said that Buch instructions had not oen received and that he would make 'no move until tho instructions camo. This, genorally speaking, is the attitude atti-tude ot all who are Interested in tho law. Thoy aro waiting until the treasury treas-ury officials iasuo Instructions as to how the tax is to be colloctod. |