Show GUESSWORK adv CANT PASS it ara UNCLE SAM SAN ocly tingle single persons whose net fir come for 1920 hs lean less than 1000 and married persons living with husband or wife whose act let income was lei less than 2000 are exempt from the require merl to file en an income Inc orai tax return tie the obligation to consider cone liler hie his own casa and to file on an income tax return on time if one is due Is i laid square squarely ir on the shout jere of every resident rei ident of the united state states guesswork is lit barrel the returns are sworn state tat monti und and accuracy ii I 1 salaried persona and wage earner earners mart mm the actual compensation re coved bonuses Bonu eee abare shares in ill the profit profits of a budgess value values of quarter quarters and board furnis furnished hd by fir na an im inar loyer and d 0 other ther item items of compensation for icca fees must be included gross and net not income returns must show both gross and net I 1 bome gross gro income luc luJe every dollar receive rec elvel 1 by the tarpa yei during the lie year 1920 the net income Is determined by subtract ing ing from grows gross income certain debue ilone fled by the revenue law mj and ully fully explained in instruction instructions ox ou forms 1010 1040 10 10 A and 1010 for filing return hu huskiness siness expenses are the principal pat allelo all allow ablo blo deductions in computing nef ner income the law specifically prohibit bits the deduction of hopeel lolI oil and llvine expenses typical deductible deduc tille busl busin nee mis ex tenses are for sal 1 arlex ibor cot cost off of merchandise raw natverlal nater rials lal aul supplies rent repairs light power delivery t tiling cost and insurance Dyc doctors tors lawyer lawyers and like professional fess ional nen may deduct from their 9 groa im onie dubs bild to socie tle s ani to prof Journ journals alq rent paid for of office flees ani i ants nt paid for ligat t fuel wat r aad and telephone used in such offices of tiet and the wages pall pat 1 to office assistants when due tills year as an lat last tile tax may b be tau in lit full at the time of f filing the return on 01 og before wore march 15 1021 or in lit four installment installments the tile first of which ie is clue due on or before march match IS 15 tie second on oil or before june 15 the bird third on or before september 15 and the fourth on or before december IS the return mut must ie to filed with the collector of in internal revenue for the district in witch the taxpayer live lives pe penalty pen naRles alte are provided for failure or willful refusal to make a cretu B n and ad pay ray thy tax when due |