| Show will BE BEJ ite vt from blanke mid and other due march farell I 1 amt the united states internal re revenue collector has eye given 1 I public 1 no dici that corporation taxes are dua du march larch let list it in Is not mt expected that there will be many delinquents this year at all banks will have to make amended sports for tim laet last our four years the collector saya says the office foice force foi ce la ts doubly busy right now on account of the ruling on reports of at banka banks all banks will have to make amended reports for or th the e last four years the state 1 lav la aw v compels the banks to pay taxes on tho the stock held by their stockholders the banka banks have been holding this as one of their expenses and deducting it from ther their gross income out but tho the commissioner of internal revenue at washington D C has neld that this Is not an expense of at the bank and cannot bo be deducted another thing will increase the income ot of tola this ottice office tha year ahlo Is the decision ot of the relative to mining compan companies lei ser scy oral 1 of 0 the large mining companies com panlee during the past two years have de ducted as depreciation the ores extracted from their mines accord ing ne to tc the decision of the commas 1 toner I thia this Is not allowed and these mining companies com panlee are belne being assessed accordingly for taxes far for two years ears back I 1 so this will give us nearly doule blo the income in thia this office this year rear over what we generally have lave however lowe vcr lf U it U la in not possible for or my any company to make its report to us is by march let lat the collector is to grant an ex tenson Aou of ime time for the report oc ot not more than hirty thirty daye days |
