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Show four Income Tax exemption status, as shown on uie, table on the reverse of the form. This form has no entries for deductions de-ductions allowable, since the taxes indicated in the table on the back of the form are computed after taking into account what have been considered average deductions for persons of this income class. A taxpayer should, therefore, consider carefully which form would be appropriate for his purposes. pur-poses. Whichever form is employed, employ-ed, all the information called for in the spaces should be inserted so far as applicable to the taxpayer, in order to avoid the expense to the government, and the possible inconvenience to the taxpayer, of subsequent check and inquiry. With each return form is a set of accompanying instructions, and these instructions should be carefully care-fully read by the taxpayer before making his return. Returns for the calendar year 1942 must be filed not later than March 15, 1943. They may be filed by mailing to the Collector of Internal In-ternal Revenue of the appropriate district in which is located the legal residence or principal place of business busi-ness of the taxpayer. If the return is filed by mailing, it should be posted in ample time to reach the collector's office on or before March 15, 1943. Returns received later than the due date are subject to a penalty variable according to the lateness in filing. I1 Article 2 FORM OF RETURN Persons subject to the federal income tax must report their income in-come to the government on forms, or blanks, prescribed by regulations. regula-tions. These forms are obtainable from any collector of internal revenue, reve-nue, and generally from any bank. Special forms are designated for corporations! for partnerships, for trusts and fiduciaries, and for nonresident non-resident aliens. Farmers who keep nn honks of account on the accrual method must attach a special schedule sche-dule to their return (Form 1040F). For indivduals, two forms are used, depending upon the amount and source of income to be reported. re-ported. Form 1040. This form is intended intend-ed for general use of individuals who are citizens of the United States, or residents in this country, coun-try, whether citizens or not. It contains spaces to show the . owii-innf r,f innnmo frnm vflrimiS I sources, deductions allowable, exemptions ex-emptions and credits, and computation compu-tation of tax liability. As most of the items require some explanation in order to be allowable, the form also contains appropriate schedules sche-dules to show in more detail how the income or the deductions are determined. Form 1040A. This is a simplified simpli-fied report, which may, at the option op-tion of the taxpayer who makes his return on the cash basis, be filed instead of Form 1040 by citizens citi-zens and residents whose gross income in-come was $3,000 or less during 1942, provided all this income consists con-sists wholly of one or more of the following: salary, wages, dividends, divi-dends, interest, or annuities. In using this form it is necessary only to enter the amount of gross income in-come as shown, deduct the credit allowable for dependents, and insert in-sert the appropriate amount of tax in accordance with one's personal |