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Show I INCOME TAX FACTS - AUDITORS TO BE APPOINTED H In making out his Incomo tax re- H turn for 1921, tho nvcrago taxpayer H will find a consldorablo saving in com- H parison with tho amount of tax paid H on tho samo incomo for 1920. H Tho exemptions providod by tho j rovonuo act of 1921 aro 11,000 for j single persons (tho torm including H widows, wldowors, divorcees, and per- H sons soparatod from huiibnnd and flH wife by mutual agreement), $2,G00 H! for married porsons whoso not Incomo H wasJfi.OOOor loss, and $2,000 far marriod porsons whoso not Incomo was $5,000 or loss, and J2.000 for nuo act of 1918 tho personal exemption exemp-tion allowed a married parson was f2,000, regardloss of tho amount of not income. The personal oxemptlon allowed to married person applies also al-so to tho head of a family, man or woman who supports in ono household house-hold one or rnoro relatlvos by blood, marrlago, or adoption. Tho exemptions for dopondonts a person who rocelvos his chief support from tho tnxpayor and who is under 18 years of age or Incapablo of self-support self-support bocauso montnlly or physically physical-ly defective Is Increased from 200 to 1400. Tho act requires that a return bo filed by every slnglo person whoso not Incomo for 1921 was fl.OOO or more, ovory married person whoso net Incomo In-como was 2,000 or moro, nnd by ovory person elnglo or mnrriod whoso gross Incomo was 5,000 or moro. Tho roqulromcnt to fllo a return of gross Incomo of IC.000 or moro ro-gardloss ro-gardloss of nut Incomo Is a now provision. pro-vision. Not Incomo is gross Incomo less cortnln specified deductions for business exponsos, losses, bad dobts, etc., which aro fully explained .on tho forms. Itottirns must bo filed by married couples whoso coniblnod not Incomo for 1021, Including thnt of dopondont minor children, oqualcd or oxcoeded $2,000, or If tho combined gross Incomo In-como oqualod or nxroodod 113,000. Tho period Tor filing roturns Is from January 1 to March 1C, 1922. Heavy noimltlos nn providod for failure or "willful rofuiar to fllo n return on tlmo. Forms 10IOA for Incomos of $5,000 nnd loss and 1040 for incomes In excess ex-cess of $5,000 may bo obtalnod from tho ofllccs or collectors of Intcrnnl rovonuo nnd branch odlcos. Tho tnx may bo paid In full nt the tlmo of filing fil-ing tho return, or In four equal Installments, Install-ments, duo on or boforo March 15, Tnno 15, Boptombor 15, nnd Docombor 15. o |