Show ABOUT INCOME TAX following statement issued by collector of internal revenue james H anderson for district of utah taxpayers taxpayer should give careful consideration with the approach of the period for filing income tax returns january I 1 to march 15 1922 tax taxpayers ay are advised to lose no time in the compilation of their accounts for the year 1921 A new and important provision of the revenue act of 1921 is that every person whose gross income for 1921 was or over shall file a return regardless of the amount of net income upon which the tax is assessed returns at aie e required of every sin sin ie person whose net income was 1000 or over and every married person living with husband or wife whose net income was 2000 or over widows widows or widowers and persons separated sepe rated or divorced from husband or wife are regarded as single persons net income is gross income less certain deductions for liu business siness expenses losses taxes etc gross income includes practically all income received by the taxpayer during the year in the case of the wage earner ra salaries laries wages bonuses and commissions in the case of professional man all amounts received for professional services in the cases of farmers all profits from the sale of farm products and rental or sale of land in the making of an income tax return for the year 1921 every taxpayer should present to himself the following questions what were your profits from your business trade profession or vocation did you receive any interests on bank deposits have you any property from which you received rent did you receive any income in the form of dividend or interest from stocks or bonds did you receive any bonuses during the year did you make any profit on the sale of stocks bonds or other property real or personal did you act as a broker in any transaction from which you received commissions are you interested in any partnership or other firm from which you received any income have you any income from royalties or patents have you any minor children who ire are working do you yon appropriate or have the ri right to appropriate the earnings of such children if so the amount must be included in the return of income has your wife any income from an any sources whatsoever if so sd it must be included in your return or reported in a se return of income did you receive any directors fees or trustees fees in the course of the year do you hold any office in a benefit society from which you receive in come answers to all of these questions are necessary to determine whether a person has an income sufficiently large to require that a return be filed and may be the means of avoiding the heavy penalties imposed for to do so within the time prescribed |