Show information FOR INCOME TAXPAYERS I 1 in tiling filing their income tax returns tor for the year 1921 taxpayers must remember that taxable income Is not necessarily cash where services are paid tor for with something other than money the fair marnet value ot of the thing taken in payment is the amount to lie be included in income for example the value ot of merchandise received by a clerk ot of a grocery store as part payment tor for his services must be reported as income compensation paid an employee of 0 a corporation in shares of 0 stock is to be treated as it the corporation sold the stock at its market value and paid the employee in cash promissory notes received in payment for or services and not merely as security for or such payment constitute i income to the amount of their fair market value living quarters and meals furnished as compensation for services are to be reported as income A hotel clerk given a room and his meals meal 8 as part payment tor for his services is required to report as income the amount lie he would woula nava to pay tor for board and lodging elsewhere I 1 the value of 0 quarters light and dieal heal furnished army officers whether stationed at an army post or paid from rom funds allowed tor for such purposes when officers are stationed elsewhere is taxable income in III an all amount to lo the cost to the of lit furnishing such quarters etc an officer or enlisted man is allowed certain commutation in lieu ot of quarters light and heat the entire amount received for such purposes tor for the taxable year must bo be included in ilk blobs globs income where living quarters food clothing etc are provided for an all employed saidy tor for the convenience ot of an employer tile the value thereof need not be included in the income of the employed for example where because of 0 t the location and nature of the work it is necessary essaiy that employee engaged in fishing and canning be furnished shod board and lodging by the employer the value of such board and lodging may be considered as aa contributed tor for va he ae convenience of the employer board and lodging furnished seamen in ill audition to their other compensation is held to be furnished tor for tile the convenience ot of the employer and the value thereof need not be reported in tile the of such employed emp loyes uni flims rations and medical or hospital service afforded enlisted men or seamen need not be reported as income these are are furnished by tile the government tor for its own purposes and ate aie not compensation for service the value of board and lodging furnished employees ot of hospitals as aa part compensation for services is to be reported as income if however an all employee of a hospital is subject to immediate service on demand at any time during darring the twenty tour four hours of the day and on that account is obliged to accept quarters and meals at the hospital the value ot of such need not be reported an income it tile the employee is on duty a ceita lil number of 0 hours and could if desired obtain meals and loding elsewhere than at the hospital and at the same time perform the duties required ot of him the ratable value ot of the lue board and lodging furnished him is considered additional compensation the value of quarters subsistence laundry heat and light furnished ot of dueis aul and employees of the public health service constitutes income aud and must be included in their returns tor for the year to avoid penalty returns must be tiled filed on oil or before midnight of march 15 |