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ME IS!!
RETURNS DUE
Badness Men, Farmers and Wage
Workers Must File Schedules
of Income for 1319.
UARCH 15 LAST FILING DATE.
Ki-i Incomes of SI,OOO or Over, if Sin
gle; cr $2,000 or Over if Married,
Must Be Reported.
The Income Tux imposed by Ac
, * i jongne.s.s on <*;i Pilings of the yem
is now being cuiivctod.
Hiijurns umler oath must l>e mad*
*vt before March la by every cili
y# h and resiflent who laid u net in
ten# for 11)11) amounting to:
Sl/W0 .r over, if single; or if mar
rii *) and living apart train wife (oi
busimid) ; or if wMowed or divorced
s'2,*Mo or over, if imirried and living
vah wife (or husband).
Tint status of ihe person on tiie last
iSa* of On! year fixes the status foi
IMi year With respect to tlie above
r-*p.wvmcnl3.
tinder any of these circumstances a
reiuyti must be made, even though
no fax is due.
Iliedmtid and wife must consldei
ifcc income of both, plus that of tie
minor ehildren, In meeting
I)tiK requirement; ami, if sullieient t*.
require a return, till items must be
elvnvn ill a joint return or in separate
rrtunis of Imsband and wife.
A single person with minor depend
cnis must include the income of such
Jr>j>cdents.
A minor who lias a net iinpome o!
ft.twii or more is not considered t
and lindenf, and must tile a separate
roSn rti.
IVrs.ooal returns sliould lie made or
lO4OA, unless the net income
exceeded $5,000, in wliieh ease horn
10 jo should lie used.
Il**ileats of Georgia should file
Jtn-jr returns with, and make payments
off iiiiium' Tax to, Aaron <). Rlalock,
I V.Vf.Ti.o- of Internal Revenue, At-
Santa.
How to Figure Income.
T!j* w*,st way to find out whethei
mm* must flip a iPlurn i* to get a Forn
DHO.Y ami follow tin* instruction?
IHrimnl on it. That form will serve a/
s tviuhuler of every item of income
if a return is due it tells how u
fr j i*re and tile it.
If tn doubt on any point as to income
or deductions, a person may secure free
aitis‘ ami aid from the nearest Inter
rat Rav<'iui( l otlice.
liwitswirk, estimates and other 1 1 it•
r-r,s< methods are barred when a per
*■.**? is making out ins Income Tax re
trim. Accuracy and completeness must
Pc insisted upon. The return is u
Mve-sis statement. As such it must bt
tl.mumgh and accurate.
{Salaried persons and wage earner?
•bom ascertain tlit* actual compcnsaiioi
nwnl. ()vi'rtime, bonuses, shares in
tin 1 profits of a business-, value of qunr
tors and hoard furnished hy the em
jiloyer and other items whieli are com
ys'crs.Mions for services must he in
Ii must lie borne in m ud that com
l-s.saDon may he paid in other form:
•han in cash. A bonus paid in Libert;
finnils is taxable at the nrirket valm
of rie bonds. A note received in pay
ntciit for services is taxable income a
iis face value, and the interest upoi
:t i& also taxable.
Other Returns Due.
Kvm |uirlm'i\slii|> doin business* Ii
The (United Suites must tile a retur*
eft l-'Unu HW; and every persona
*ersse corporation must tile a similai
re tens.
Corporations must tile annua! re
turn* on Form 11 'JO,
TrustiM's, executors, administrator;
nt others aetiiu; in a fiduciary cupae
ity are required to tile returns. It
oises, Form 1041 is used; ir
ethers. Form 1040; and still others
returns on both forms are required.
Information tv turns, on Forms 1001
n*t I**l**!, must lie tiled by every or
gamrsatioti, firm or person who paid
4rtc 1U), an aiiioHiit of SI,OOO ir
Miai-y. voices, interest, rent, or otliei
lhtei *r determinable income to tin
rlrr person, pnrtmtrsliip, persona
wrOiT corporalion or tidueiary. Tkes
tatnrmation returns should he for
wa-rje-ii directly to the FVimwiLsslonei
•f liucrnal Revenue (sorting division)
IS ::---ji*j;j:ton, l>. G.
Julian B. McCurry and
Broadus B. Zellars
Lawyers
JMoC tirry Huiltliim
Hartwell, <ia.
Speeial attention to all Itgal
Mattel’s in Madison County.
FARMER’S INCOME
SUBJECT TO TAX
Gains for 1913 Must Be Figured
Under U. S. Law—Returns
Due March 15.
LAND SALE PROFITS TAXA3LE.
—t
Necessary Farm Expenses May Be
Deducted—Special Form for Farm
income—Cash cr Accrual
Basis for Computing.
A farmer, shopkeeper, or tradesman
must figure up Ids net income for 1011);
and if tin 1 farm or business income
■plus ids other income was sufficient to
require an income tax return a com
plete return must be tiled with the col
lector of interna 1 revenue by March lii.
A farmer should ascertain the gross
Income of his Farm by computing till
gains derived from the sale or ex
change of his products, whether pro
dueed on the farm or purchased and
resold.
Farm Expenses.
From his gross income a farmer is
allowed to charge off all of ids lieces
sary expenses in tlie conduct of the
farm during the year. These include
costs of planting, cultivating, harvest
ing and marketing. In addition to
these costs lie may deduct money spent
for ordinary farm tools of short life
bought during the year, such as shov
els, rakes, etc. Also, the cost of feed
purchased for his live stock may be
treated as an expense in so far as this
cost represents actual outlay, but the
value of ids own products fed to ani
mal s is not a deductible item.
Ollier farm expenses allowable fire
the cost of minor repairs on buildings
(bid not (be dwelling house), on fences
wagons and farm machinery; also bills
paid for horseshoeing, stock powders
rock salt,, services of veterinary, insur
anee (except on dwelling house), gaso
line for operating power and sundry
other expenses which were paid for ir
cash.
As to hired help, all the productive
labor is a deductible expense; but tho
wages of household servants, or licit
hired to improve tho farm, as in tret
planting, ditching, etc., cannot l>e
claimed aga'inst earnings. A farmer i?
not allowed to claim a salary for him
self or members of his family whe
work on the farm.
Wear and Tear.
Purchase of farm machinery, wng
ons, work animals, etc., also tho cos
of construction or extension of build
ings, silos, fencing, etc , should he con
sidered additional investments in tin
farm and arc not proper deduction?
against income.
A reasonable allowance may In
claimed for wear and tear on fa nr
buildings (except (hi* farmhouse)
fences, machinery, work animals, wag
ops, tanks, windmills and oilier fanr
etjuipment which is used in the eon
duct of (lie farm.
As to autos and tractors, the cost ol
these is not an expense, although tin
cost of their upkeep is an allowable
deduction, if the machines are used e\
elusively for farm purposes and iuii
for pleasure. Also, in such discs, ado
dm lion for wear and tear is allowed.
Farm Losses.
The loss of a growing crop is not r
proper deduction from income, inns
much as the value of the crop bad not
been taken into gross income. Tin
loss of a building or of machinery
through storm, lightning. Mood, etc., i
an allowable deduction, hut care slum!#
lie ust*d to ascertain 11** correct toss
sustained,' as restricted by income tin
regulations.
No deduction is allowed in the ons*
of loss of animals raised on tho farm
hut a loss is deductible from gross in
come if the animals bail been pur
chased for draft or breeding purj uses
Shrinkage in weight or value of farm
products held for favorable market
prices cannot be deducted as a loss, foi
the reason that when such product*
are sold tlu* shrinkage will he ref tec ted
in the selling price.
Sale cf Farms and Land.
The value of agricultural lands ha?
been jumping during the past few
years, and during IJMU many owner*
sold out part or all of their lands at
big profits. All such gains constitute
Income and must he taken into the tte*
income for the year.
Any person who sold part of a fart*
•r ranch, or part of a parcel of land
must also show any gains realized bj
Mm sale.
The method of figuring gains an*
losses on such transm-tktns is pro
scrllied in the Income Tax refutation*
copies of whieli limy be secured froti
Internal Revenue Collectors.
•Forms for Returns.
The Intermit Revenue Bureau h
issued an improved Form 1040 K fot
the use ef farmers. This form, to
gether With Form UMO.Y or 1040, wit*
five (tie farmer explicit information
its to how to property figure kis not
THE DANIELSVILLE MONITOR. DANIELSVILLE, GA.
Income for TO If.
There are t-- o methods of figuring i
farmer's Incciie tax return this year
He may inatft ids ieturn on the bush
of the Agerence between Hie money
and goomrPKtccived for Ids product*
and the cash paid out for actual allow
able farm expenses within the year
Or he may make Ids return on Hie ac
crual basis, which means computing
tiie receipts-and expenses that pertain
Hie taxable year, excluding Income
*•£<! and expenses incurred in pre
* or succeeding years.
INCOME TAX
IN NUTSHELL
WHO—Single persons who had
* net income of SI,OOO or moie
for the year ID 10.
* Married couples who hud net
income of $2,000 or more.
WHEN—March 10, 1; S20, is
:lato for tiling returns and niak
ng first payment*
WHERE—Collector of Interna!
Revenue for I Patriot in whuh
the person resides.
HOW —Full directions on Form
jrlOlOA and Form .010; also the
law and regulations.
WHAT—Four per cent normal
tax oil taxable income up to
$4,000 in excess of exemption.
Fight per cent normal tax on
balance of taxable income. Sur
tax, from one per cent to sixty
tive per cent on not incomes
Sfi.OOO.
Cel the One Who Can
/Help You Sell Your Good*;
\A7E have the
ability to help
you sell your goods and
we can do this at a
reasonable cost to you.
Economy and stand
ard? zation are tbs
watchwords here. We
use Hammermill Bond,
the standard, economi
cal. business paper and
we turn out a grade of
printing that brings re
sults for our customers.
’LET US SHOW YOU
Porterfield Brothers
-Clothiers
♦
The Home of Hart Schaffner and
Marx Stylish Clothes for Men and Boys
The prices of clothes are advancing every day. W e
have a good stock of the above famous make on hand
and the prices are right.
We Can Save You Money
Porterfield Brothers
Comer, Ga
Rice Terraces Are World’s Masterpiece
Thus is a photograph of the Ifugao igorrot riae terraces, which are among
t|,e most remarkable of their kind in tiie world. They are one of the many
marvelous sights for (he tourist to see in the Philippine Islands and are to be
found in tiie Ifugao district of the Mountain province, Northern Luzon.
The height of these terraces, which are held up by stone walls, is from 4
to 18 feet, averaging 8 feet high. It Is estimated there are 12,121 miles of
eight-foot stone wails in tlie Ifugao terraces, which is approximately half
the distance around the world.
These terraces are skillfully irrigated by waiter brought in troughs along
the precipitous mountain sides over long distances.
_________ ____- -• / - - _ -. . ....
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BUY \ FARM!! BUY A FARM!!
We have several attractive places listed. Fell
us what you want. We will show it to you.
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]>A.NIELSV]I.LF - - - - .GEORGIA
‘Tan take your order forOne
Ton Ford Trucks for immediate
delivery. Equipped with both
solid or pneumatic tires, also
ca i furnish body for any pur
pose. Will bo pleased to
answer any inquiry”
• %
TiUer-Glenn Cos.
Authorized Ford Dealers