Show It I UL Uc S 8 INCOME TAXI TAX EXEMPTS NOBODY I r i Every cry Person Who Had Income l I in 1919 Must Determine I OW Own Liability lity MARCH 15 LAST FILING DATE I I Surest Way Is to Follow Form Free Advice ill in Doubtful C Cases Severe Penalties in I Law 1 is exempt from Income Tax Ta An is land laid directly on the shoulders of each citIzen en and resident to consid consider i his hl- own case cam and to gut got his in on eu time if one olle is due With each return letur g a tux due duen n lI must mast il the return in the full amount of the hu tax tux or at atlea lea least t one one quarter quai ter of the tax All returns fur for 1010 1919 must be lM IU filed d on onor or or lefore Match March l 15 Hl Must Show True Figures In flaming up Ill hi hll his earnings for tor In- In In Income cone come tax purposes u II person must take into all aU items Hems of taxable Income and each ouch Item itself must t be tlc accurate in lu mount amount Guesses and anti e es es- es must be lie avoided for fur the return return re re- re turn Is If in made under oath 1 Yer who I had ad an Income during durIng during dur dur- ing lUW 1919 trust must now determine whether his or her hei net Income was sufficient in amount to require nn an Income Tax return return return re re- turn Th The best way to to- find to-find find out Is ie to het t. t a n Form 11 OA and follow the them theIn In In Instructions printed ou on it That form will serve as a remInder of every even Item or of Income and und If a n return is due lIue it t tells lIs how to prepare and file ale It It One of the tile Important points to 0 keep keepin in mind Is that a n p person persons person's rf ons on's net Income Is found bv hr a computation prescribed pi In the law nn and and- that lint each item of income in Iu cone come ruin ev every rj source must be lie con coin f unless specifically exempted Another thing to 10 remember Is that the persona I exemption allowed taxpayers taXpayers taxpayers tax payers bj by law IR has no relation whatever to the requirement to tile file r return turn This X If H not to be lie considered until untila n a person has hns figured out his net In- In one uio and ond whether It W was S to Iu require him to file a u le ie ie- nil inn n Then If It u return must be filed he should rend lead cl the Instructions for claiming ell exemption and complete corn com his hh return It If In doubt on aJl any point as to income 01 III deductions a 1 person may secure secure free fine advice e ond aid and from the nearest Internal Hen Revenue office banks hant s and trust companies are ate are also furnishing furnish hIn h- h lag ing In similar service during banking hours Heavy Penalties in Law For falling failing to make a n return on time l the penalty is i a fine One of not more than 1000 and I an Ii addition of 25 per ver cent to th the tax tar If any For making a false falu or fraudulent return the penalty Is a afine afine a fine of or not more WOle than or imprisonment im- im not exceeding one year jear ear or both hoth and nud In lu a addition 60 to per cent lot of the thc tax There Thera arc aro aro other penalties for falling failing to po pay tax tex when due que and for tor understatement of ot the tax through negligence gence Many Sources of I Aside from h t one may earn by hie hIs services there are mo many other sources of ot Income If he sold any property during 1919 1011 he must figure 1 tu put gu th the gain sain Ii 11 h he hg rj ed I i I I b x m rs o or r r room rooms such i r its ts mu must t 1 In lit considered taxi taxi- able ail 1111 in 1 he nun may claim C deductions fo for fOl r i ii os S 'S Incidental to rents lent Bank Bani Is It n a common sour source c of ot ic and f fa taxable whether withdrawn with withdrawn drawn n or III not An Any amount of Inte Interest 11 t tn to a n depositor In is Income t o i ithe the depositor I Interest on antI and notes notE's II l I i. i I taxable also bond interest t from corporations A taxpayer who cashed Ids his insurance ance once luring during 1019 1010 must report ns nB In Income come come any any excess received over o the t to total o o tal till of premIums premium paid t I Members Member of ot partnerships or personal persona service corporations or beneficiaries o oan of an estate or trust rust t must t report their theli shares of Income distributable to 10 them then 1 whether or not actually withdrawn I Dividends of domestic corporations corporation must be reported 1 V nj iy other form torm I of Income me are taxable unless specific specific- c I ally exempt 1 |