Show i THIS TELLS HOW TO FIGURE INCOME TAX squarely up to every individual to get busy by march 15 ar or S uffer suffer penalty dont wait until the final dun due date march tor for paying your income tax and making your return avoid tile the lot minute rush any person can ogura out his liability today as well as a he ha can next week and it if there la Is any point on which he needs advice he can now got get in touch with a Reve this word of advice Is from william 0 wenley collector of internal revenue helena mont who Is collecting tile tho income tax in montana idaho olid utah collector whaley Is giving without charge every aid of his office and hla his enlarged field force to help the people got get their payments and their returns in by march ibah dut but the income tax men will not pull your doorbell door bell or your coattails coat tails according to the collectors announcement it Is 1 squarely up to ebery individual to figure out his own caso case and to get busy it he comes within the scope of the new revenue law did you karn barn this much every unman ded person who received income 1 avera averaging glug 1023 1025 a week during 1818 1918 and every married couple ako jointly received iacoma averaging a week should secure at orao OM from the nearest deputy collector or the nearest bank a blank form 1040 A that form contains the information he will need to enable him to figure his correct not net income and any tax that he be owes the government the law requires that very every unmarried person who had bad a met bet income ot of 1000 or over and every married ton whose net income was 2000 or including the income of husband or wife and bd the earnings of fit minor children it if any must make a return ou on or before march ibah and this requirement qui rement does not hinge on whether the person owes awas a tax taxable In corn an individual must include under gross income all gains profits profit sand lacome from salaries wages or compensation for or personal of whatever kind and in what whatever eyer form paid or from professions vocations business sales or dealings in property of all kinds interest rent dividends or profits derived from any source whatever very few items of income are exempt deductions include ordinary and neo dec essary business expenses interest paid or accrued on indebtedness taxes of all kinds except federal income and ad excess profits taxes and for local benefits losses actually iq tolled debts ascertained to be worth orth lose less and depreciation on buildings machinery fixtures eto etc used in A further deduction Is allowed for contributions to corporations operated tor for religious charitable lac or educational cat ional purposes or for the prevention of cruelty to children or ani nials to an amount not cot exceeding 19 15 par cent of the taxpayers net income as computed commuted without the benefit of tho the contribution deduction the taxpayer to Is not allowed to deduct any personal living or family faintly expense any amount spent for improving property or any expense of restoring property or making good its exhaustion for which an allowance Is in claimed under depreciation figuring the tax before figuring the normal ta tax the dividends ore are deducted an credits from not net income together with the personal exemption As in previous jears years dividends of domestic corporations are exempt from normal tax when received by the stockholder the normal tax rates for citizens and ad residents are as follows on the nat farst of net income in excess of the credits the rate is 0 per cent on tiny any further taxable income the rate Is in 1 it per cent the surtax rates apply to net income of each individual in excess of the personal exemption and the dividends are arc not deductible before computing surtax in tho tha case of returns by husband and wife the not net income of each to Is considered separately in computing any surtax that may be due form 1040 should be ba used for making returns of net income exceeding and the instructions on that form will show how to figure the our cur t ax duahne house returns employers and others who paid wages salaries rents interest or similar determinable gains cains in an amount of 1000 or over during durano 1018 to any mat file az ao information or matton return with the Govern government alent blinks way ouy bo be fron from the CoUo collector cor every must file it a return showing its income stud and deductions and the zm oana and adoras darsi ox of koh ch partner mtnor with his bis share 0 of tha lotito ot loess during the past yei yak i a service cOrpora tlona will f IR f jnorro ln CO orro rion |