Show U S taxpayers TO KEEP BOOKS collector of internal revenue james i FI anle anderson issued a statement today calling attention to the fact that the U S treasury department has hai just I 1 abt issued a regulation concerning the keeping ot or bools books by people liable to LT IT S revenue taxes income and otherwise the regulation referred to provides that every taxpayer carrying on the business of producing manufacturing purchasing or selling any commodities or merchandise except the business ot of growing and selling products of the soil etc shall tor for the purpose ot of determining ter the amount ot of income under the revenue act ot of 1921 keep such permanent books ot of account or records 13 including inventories as are necessary to establish the amount ot of gross income and deductions credits and other information required by an income tax I 1 return the taxpayer shall produce such looks books ot of account or records recorder tor for the inspection ot of revenue officers duly authorized by law to inspect the same at such time and in the manner provided aided vided by law the only exception among producers manufacturers or dealers in any commodities modi ties or merchandise from this requirement of keeping permanent books of account combining the growing and selling of products ot of the 2 soil eoll while the grower who also sells Is IB exempt as to his own products dealers in products ot of the soil other than that grown by them must keep permanent records this requirement now being in force it is advisable tor for those coming within its provisions each to install a system ot of bookkeeping from january ja nuary 1 11 1922 and on no elaborate system is required but it should be sufficiently in detail to show accurately the income outgo and expense from month to month throughout the year |