Show I 1 NEW FOH eam CorlI ector of internal revenue requests bequests them to advise employees the collector of internal revenue for the district of utah issued thel the following open letters to employers employer in this district relative to their duty to file information returns and requesting that they advise their employees to avoid penalties by filing the required income tax returns to employers ers your attention is called to your obligation under the law to f ile file with the commissioner of internal revenue ot washington on or before march 15 1 ii cr mation returns these returns are prepared on forms 1099 and and must be filed by every individual firm corporation po ration partnership receiver trustee executor administrator and employer who during the year 1923 paid out salaries commissions royal ties or other fixed and determinable gains in III amounts of 1000 or more to any individual these information returns are entirely distinct from income tax returns no extension of time can be granted by the collector for the tiling filing of information returns this office earnestly desires your cooperation in reporting those employees and other persons receiving amounts of 1000 or more it be it if you present to your employees the necessity of filing income tax returns A return is required from a single person receiving 1000 or over per year and from married individuals receiving 2000 or over per year it is necessary that the returns be filed regardless of the tact fact that allowable deductions may indicate no tax due the erroneous impression is prevalent that where no tax is due the individual is relieved from filing a return but this is not in accordance cor dance with the law As an illustration tra tion a married man has 2500 exemption as head of 0 family and for each dependent provided his income was under A married man with two children would therefore be entitled to an exemption of but it if the total income is 2000 or over a return must be tiled filed this office will appreciate your cooperation we want to avoid all penalties as tar far as possible for failure to lie file returns |