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Show federaTincome i taxmn brief The Requirements Boiled Down for Busy Folks. Returns must be filed on or before April 1, 1918. Tax due may be paid now or on or , . . before June 19, 1918. If you were single and your net In come for 1917 was $1,000 or more you must file a return. ' If you were married and living with wife (or husband) and had a net Income In-come of $2,000 or more for 1917 you must file a return. Husband's and wife's Income must be considered Jointly, plus Income of minor children. Income of a minor or Incompetent, derived from a separate estate, must be reported by his legal representative. representa-tive. Severe penalties are provided for those who neglect or evade the law. For false or fraudulent return there Is a penalty not exceeding $2,000 fine or year's Imprisonment, or both, plus . 100 per cent of tax. For failure to make return on or before April 1, 1918, fine Is from $20 to $1,000, plus 60 per cent of tax due. Returns must be filed with the Collector Col-lector of Internal Revenue of district In which you live. An agetjt may file return for a person per-son who Is 111, absent from the country or otherwise Incapacitated. Each return must be signed and - sworn or affirmed by person execut-' execut-' lng It Single ' persons are allowed $1,000 exemption In computing normal tax. , A married person living with wife for husband) Is allowed $2,000 exemp-, exemp-, tlon. plus $200 for . each dependent child under 18. . A head of family, though single, IS allowed $2,000 exemption If actually aupportlng one or more relatives. Returns mute show the entire amount of earnings, gains and profits r received during the year. Officials and employees are not taxa- We on the salaries or wages received from a state, county, city or town In the United States. ' Interest on state and municipal bonds Issued within the U. S. Is exempt ex-empt from federal Income tax and - should be omitted. Interest on United States government govern-ment bonds Is also exempt except on Individual holdings of Liberty Fours in excess of $3,000 par value. , ;;. Dividends are nor subject to normal tax. but must be reported and Included i In net Income. i '- Gifts and legacies are. not Income and should oot be included the re- turn of the-benenerary. , Life 'Insurance received ss a bene-flclary bene-flclary or as premiums paid back at maturity or surrender of policy Is not Income., Payments received for real or personal per-sonal property sold Is not Income, but the profit reatlr.ed thereon Is Income for the yesr ef sals. Amounts received In payment of notes !W mortgages Is not Income, but the tirterest on such notes or mort-gscee mort-gscee to tsisnte 'income. rrrim the entire gross Income eer-' eer-' tain jlllowahrea are made ta arriving . at the net Income. Necessary expenses actually paid In the conduct of business, trade or profession pro-fession may be claimed. A farmer can claim payments for Ishef. seed,, fertiliser, stock feed, repairs re-pairs on buildings, except his dwelling ; repairs of fences and farm machinery, materials and small tools for Immediate Immedi-ate use.: .(.'., Tbe amount 'of. rent paid for s Nrm mxr slso he claimed ss s renant farmer's farm-er's errnse.'' v Pmii'.etts for .ve stock are allows- Me IT J'otjrht, f r rensle. But If bniurht -for breeding purposes cattle'are an Investment, In-vestment, not an expense, and cannot be allowed. A storekeeper can claim amounts paid for advertising, clerk hire, tele phone, 'water, light and fuel, also dray-age dray-age arid freight bills and cost of operating' op-erating' sad repairing wagons and trucks. ' A physician can claim cost of his professional supplies, rent, office help, telephone, expense of team or sntomo-Wle sntomo-Wle used In making professions calls nd expenses attending medical conventions. con-ventions. ' A dentist esn claim similar Items, except team or auto expense." which are not necessary In bis profession. , Expenses that are personal or connected con-nected in any way with the support or well being of s person or family are not allowable. The costs of machines. Instruments, vehicles or Implements that are more or less permanent In character are not allowable as an expense. They are Investments. In-vestments. Interest pflld on a mortgage or other Personal Indebtedness Is allowable on . personal return. All taxes paid within the year can t taken out on a federal return, except ex-cept federal Income taxes, Inheritance tuxes' and assessments for local Improvements. Im-provements. Iss-s sustained In business or through fire, storm or shipwreck or by heft, except when compensated Dy Insurance In-surance or otherwise. Wear and tear of rented buildings or machinery used in limine may -be clnfmed. Von can also claim the amount paid to (he He'd Cross and to other chsrlta-tI chsrlta-tI religious or educational organlza-:oti organlza-:oti to the extent tt 15 ysf csut of .your net incouio. |