| Show FEDERAL INCOME TAX IN BRIEF the requirements boiled down for busy folks returns must be tied filed on B or before april 2 1918 tax due may my be paid now new or I 1 on or b before at june vie IS 15 19 1918 9 lf it you we were r gle and nd your net in come for 1917 was si 1000 or more mom you must cis clr a return it you were married and living wit with w wife its or husband ind nd had bad ft net at to in come ot if 62 2000 or more mom for 1917 you auit at ill file a a return run bumb husbands u d and d wife I 1 income I 1 come in mut ut bit be conal considered dered jointly id us income of minor children income of a minor or me incompetent rupert rup eIt derived from a ce operate parate estate MO must be reported by his him legal represents presenta re avi alve severe r tian penalties are provided lor for these hose who he neglect it or evade do the law for false or f fraudulent bulent t re return there te Is a penalty not exceeds exceeding 2000 2 flue fine or r city years imprisonment or both plus per cent of I 1 tax for failure to male make return on or before before april 1 1918 fine Is 14 from 20 to te il L 1000 plus 50 per cc cent of tax due doe pin returns turn must u at be fied bled with the cot col b lector of lot internal revenue of district in M which you yen it live A an agent I 1 way may file return for a per son who vial Is ill abt ab t from the country or otherwise incapacitated each return hemn roust must be signed and sworn we n or affirmed by person execute ing ine it it single persons persona arc am allowed 1000 exemption in computing normal tax exemption A married P pon person on thing with wife its or husband la Is allowed 2000 2 exema tion plus for each dependent child under 18 A head I 1 ot f fillia fIl liv though single Is mi allowed 2000 r exemption it if actually tu ally supporting one or more relatives mutt show how the entire mine amount or at of earnings gains and drollis received during the year officials and employees employee are not it I 1 taxa his ble on the stories salaries or wages wage received fro from a state I 1 county city or town in the united states state interest on state and municipal bonds bond issued within the IT U a to Is ex rapt empt from red federal 1 income tax and d er should aronld be bruett omitted interest on in united St states attest govern ment but bonds d ts Is at also exempt v except pt on du individual holdings j of liberty F fours 1 in excess add of M 5 par value I 1 I 1 dividends dividend or are not net subject object to normal und tax but must be reported and included in net I 1 income gifts and legacies are not income and should out not be included on im the re turn of the beneficiary tuff life 0 lumm insurance Is received as a be acne or as premiums paid back at maturity or sur surrender nender ot of policy 1 la cot in income come pa payments Y et received for real or per BO tonal al property me cold ad I 1 Is not net III income but t the profit re allred thereon Is income for the year of sale gals A amounts on ts reboh received 1 in pv payment of notes I 1 I 1 or mortgages Is not t I 1 income e lut but it I 1 the it interest I 1 on such much hohes or mort gages cages la 19 tm taxable his income fee from the entire gross income car tain JIM allowances are made ad 1 in arriving mom at the net at income necessary ry expenses actually paid 1 in the conduct it of business trade or pro fes bession sion may be claimed A dormi farmer ian can claim payments for J labor her wed seed fertilizer stock feed re P pairs jr on buildings building except his him dwelling repairs of fee fences and farm mac machier hinr materials and small tools for immedi its ate int use the amount of rent paid tor for a farm may BY also be claimed as a tenant farm er r s pauw p payments or in ants for live alv stock are allowable if foupht tor for resale regale but if bought for breeding purposes purpose cattle or are an 1 la vestment not an aa expense end and cannot aund be allow allowed d A storekeeper ter e keeper can claim amounts p paid aid tor for dver timing clerk jan hire telephone ph I 1 ne water night light and fu ful fuel L also imo det drayage a go zd and areg freight bt bills and cost 0 of I 1 0 operating end and repairing wagons wagon and it truck A physician ian can claim cost 0 or of I 1 his lits P professional supplies rent art office MI help elp e to telephone expense of is team or auto automo bile wed used to in making professional cons calls and expenses attending tt dia medical co con mentions not vent ions U A de dentist net can claim similar it items except team or auto expense which a are is not necessary nece in his profession experts expenses chat are personal or III coo in any way with the support or well beir being 9 of a person or family are not at allowable T the be costs of machines instruments vehicle or implements that are in more r e lanom or f less pertinent permin d ent t in character 1 are I I 1 not or allowable 11 me as I 1 an expense they are in vestments interest paid on a mortgage or other h personal indebtedness Is al allowable lowb on I a per person oral fal return ati all texes thre paid within the year can U b be a taken out on a federal return ex capt federal inmate income taxes name inheritance tax taxes 0 and it assessments ax merit tor for local I 1 im rents lease sustained banned 1 in bual aesa or tb tough through fire some or shipwreck or by ahe theft except when compensated by to io aurance or otherwise ther las wear and ad I 1 tear er of rented buildings or machinery used la in business may be claimed you son can also claim the amount paid to 40 the red bed cross crame and to other having charlta his ble rel religious gion or educational orman tse tion to tn the extent of at 45 10 lo per cent of at your net income s |
