Show COMPILE YOUR YOUK ACCOUNTS 00 The following statement is issued by Collector of Internal Revenue James lames H. H Anderson for tor the District y of Utah f With the approach of the period J for lor filing income tax returns returns Jan Jan January an- an e uary nary 1 to March 15 1923 1923 taxpayers ers ere are advised to lose no time Int in Ir inthe r the compilation of their accounts t for lor the year 1922 1022 Every person whose whoso gross income for 1922 ti was or over shall file 1118 a are are- re return turn regardless of the amount of r net income upOn upon which the tax is Ie assessed Returns are required of ot every single ingle person whose net income was 1000 or over and every married person t erson with husband or wife whose net net income was 2000 or over Widows and widowers and persons divorced from husban or wife who are regarded as M dingle Perr Per Per- sons none r M t Net income is i. gross groe income less certain deductions for business busine exy ex- ex exI expenses ex ex- I y pense losses taxes etc Gross income in in- I come ome includes practically all income c received by the taxpayer during the year in the case of the wage earner earner earn earn- er er salaries wages bonuses and commissions inthe case of professional pro men all amounts received for professional services in the case of at farmers all profits from the sale of farm fann products and rental or Bale sale of land In the making of an income tax return for the year 1922 every taxpayer tax tax- should present to himself the he r payer following questions Y What was your salary alary as officer agent or employee profits from What were your your our business bUlin 8 trade profession or vocation Did you receive any in interest Int In In- bank deposits 1 t terest on Have you any property from which h received rent I you you l in the Did you receive any income form of dividend or interest from Stocks or bonds Did you receive any bonuses during during dur dur- ing lag the year earl Did you make any profit on OD the sale of stocks bonds or other property property property pro pro- perty real or personal Dil you act as a broker in any transaction from which you td d commissions It I in partnership partnership partner partner- t Are Aro you interested any ship or other firm from which you income received any Have you any income from royalties royalties royal royal- k I ties or patents I. I t 1 Have you any minor children who whore are re working have ther the f r Do you appropriate or of appropriate the earnings r Tight ht to such uch children I If It so the amount t oti of ot must be included in the return i income Has Iles your wife any income from whatsoever J If so o it source any f. f be included in your return or ort f in separate return of in in- in t reported a r tome come Did you receive any directors directors' feest fees in the the course courser t or 01 trustees trustees' eSt fees r of the year I Do you hold any office in a benefit bene bone f o fit society from which you r receive eive income r Answers to all aU of ot the these so questions f f are necessary to determine whether a person has an income sufficiently large to require that hat a return be filed and may be the means of it avoiding the heavy pen penalties imposed impost t ed for failure to do so within the time prescribed Net income is gross income less certain d deductions The fact that I all allowable deductions from gross r income for business expenses losses l bad d debts etc may reduce the net t. t C income to an amount below the personal personal per per- exemptions of 1000 or 2000 2000 2 docs does not alter the requirement to file a return of gross income if It Ii ya I such gross income equalled or exceeded exceeded ex ex- exceeded v |