Show j I 1 your incomes Income 7 bax Tax NOTE A series of articles from the me bureau of internal revenue in in on proper method of filing income tax NO 3 WHEN TO REPORT INCOME FROM SALARIES WAGES ETC of th millions 0 iceme tax returns that are filed annual lly the last majo majority rily are fram salaried persons and wage earners whose income is derived front from personal services in general compensation for personal services should be reported for taxation purposes in the year it is received or unqualifiedly credited to the account 0 of or set apart for a taxpayer without any substantial limita dimita toll to or restriction and which may be drawn upon by him at any time is subject t t tax for the year during so credited or set apart al fl not then hen actually reduced to possession if the service were ren M d cuine the year 1935 or even pr prior bior thereto but the compensation mias as not received or made unqualifiedly subject to demand by the tax payer until the year 1936 the entire amount is taxable in the year received or roade made unqualifiedly subject to demand when the taxpayer is re oi birg on the cash receipts and disbursement bur basis which is the basis used by most persons in reporting net income incline th names name s of all employees to whom payments of 1000 or ever a year are made must be reported the information return should be made on form 1099 accompanied by form 1096 showing the numbers of returns filed en cn or before Febu 15 1937 all of the various types of compensation unless specifically exempt by statute or exempt by fundamental law should be included in the taxpayers return of gross income such as salaries aries wage fee commissions bonuses tips lips honorariums prizes awards retiring for past services etc where services are paid lop for in i whole or in part with something other than money the fair market value of the thing taken in payment must i be included as income other items subject to tax are fees received by I 1 ministers of the gospel for funerals j baptisms masses and like services executors fees directors fees federal 1 jury fees and prizes received in contests of barcius kinds the salaries of federal officers and employees are arc subject to tax in ic eluding di mg the salary of tile president of the unit united d states and judges of courts c ef the united states taking office after the date of enactment of the revenue act of 1932 which was june 6 1932 1032 the salary 0 cl the vice president of tile the unite A d states and tho the salaries of members of th the house cf c f representatives and the members of the united states senate are also j subject to income tax |