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l ' ?> j ' '- ; S % - INCOME TAX EDUCATIONAL malt SERIES. yeai - t ?: 3 / ? \ The big Income Tax drive for 1919 unit is now under way, and every preV paration is being made to handle the an(* largest collection in the history of Income Tax. "I am not waiting fa? e<* * the final passage of the new Revenue figu Bill by Congress," said Collector D. "J ' C. Heyward today, "nor for the new 8T?S regulations and blank forms to be The: " issued. To git ttyis big tax in and infiT get it accurate and complete, I- urge ce*v j,; .'. that we all begin now. A E "The Income Tax obligations im- ^n(*' posed by the old laws, as well as the * -1 measure now in Congress, consist of ren' two distinct operations.' One is, to file return or statement of all income and items of. deductions allowable by law.'and to do this within the period e(* 1 named in law. The other is, to pay the j|?: the tax, if:, any is due, mus1 ."Neither of these obligations can t&X6 be met without a careful review of . income and expendiutre for the tax nece ' yenr. That^ the big job right now, anC and thpt is why I say that Income | Tax drive is already under way. Ev- ^ eryWhere the pencil is busy. The old . . t year is gone; all its fruits are gleaned; and every person who fared tell year or earned a good 'competence, must analyze his own case in cold figures. er y . . f bala . "When the new bill is enacted inf' , calci - to law, I will have, the pjroper return forms distributed throughout . the District, and everybody will be . . ? informed of the date when the sworn ni"* ' - , . . est < return must be filed. It is my plan . S>.: - be i to sena my men out to central locations, and to have them travel thruthe Wstrict, aiding taxpayers in the preparation ot the returns and in , . deciding doubtful points. We will gp right to the people with the Income Tax, and' with the co-operation which the public can give the governm&it men, the returns will be comi filed by everybody who comes under 8705 .the law's provisions, the right taxes not will be naid. and the District will have done its full patriotic duty to- a^01 ; wards the govexoments' support. % "Meanwhile, . let me. say again, chan there is no need of delaying the pre- ye** tparation qf figures. Anything that asce: Congress does now will not affect the recei ; amount of a person's ^earnings for vent 5 1918. Let us avoid the belated and h throwing together of figures that may sale. hifor. miss. Guesses cannot be " ac- the p. , cepted as the basis of taxation. It the ; is clearly the duty of every person cost fr'N to compile correct figures and as- nece 11 certain whether his income for i918 throi was sufficient to make necessary a to b fy ' sworn return. and } "The year 1918 was a banner the & , year for salaries and wages, and the "i k; high war prices brought unusual pro- his i l-i fits to the average &mall tradesman ing 1 Sp-i and to <he fanner. The opinion in dedu v; Washington is that a millioit citi- conn <V " zens and residents will make this his ] year their first income tax returns. "i "All signs indicate that the income comi tax this year will reach nearly every char !i ' . \ x j':':;., working man and woman, and nearly whel 4 every merchant, shop keeper and the farmer. Not all will have to pay the He i tax, but nearly all will be obliged to tal (D: I. GRI Presei iMir nnr t inc. liKfiA An ARTCRAF < With Practically the Sai 'Saw in "The Birth Including , ' ' MAXFIELD STANL GEORGE SIEGMAI llMflMin HENRY WALTHAL Nnpffl|]Si ROSEMARY THEB m\m GEORGE FAWCET .ROBERT HARRON, ' GLORIA HOPE. LILLIAN GISH, A Mighty Story of Worn By Wa Wiy. Pnminor OPERA Jt SOON?WyATCH % . :' . ' <r . ' t ? > :e a sworn statement of the :s' income. t I am therefore, advising every c tarried person who earned a c >00,' or over during the year 1918, c every qaarried person, who to- i: ?er with wife or -husband, earn- \ ?2000, to sharpen his pencil and t re out how he stands. a Se must ascertain accurately his i is income from all sources, p re's his salary or wages, includ- c overtime pay and any bonus re- j ed as additional* compensation, i: aarried person having children o sr 18 who are working, should ide the earnings of such child- c / .. * ' t it he sold any property at a pro- a the gain must be computed and e ided in gross income. If he rent- g my property to other., persons, tl total rents received in the year n t be ascertained, and from that e a deduction may be taken for h s paid on rented property, the S( ssary minor repairs, fire insur- n !, any interest he may have paid a nortgage,. and a reasonable aline q for annual wear and tear ^ ie rented property. The balance icluded in gross income for the n " . fi n terest on bank deposits, wheth- a withdrawn or added to his bank p aces, must be included in all b llations of income. Bond interest ived during the year must also d ncluded, except interest on mu- c >al county or State bonds. Inter- , >n United States Bonds oieed not p nciuded by the ordinary bond.n er who purchased small amounts.' p lers of large amounts of Liberty n Is, however, should . ask their t< cers to write to my office for the a applying to tax on such inter- c !u >ividends on stock shares are in- n e,- and must be included in the o s figures, although the law does e: impose the normal tax on dis- t< itions made by domestic corpor- a ?8. |p L person buying and selling merdise must .find his profits for the ii on the following basis: First, a rtain the gross sales or total cash o: ipts. Then add together the in- k ory at the beginning of the year d the purchases of goods for re- a; From this latter sum subtract i inventory of goods on'hand at p pear's end, and the result is the e: of goods sold. This cost, plus o: ssary expenses incurred solely a ugh conduct of the business, is v, e deducted from the gross sales, tl the result is the net earnings of n business. - | o I professional man arrives at o jrofessional income by ascertain- a the total of fees for services and p icting therefrom all expenses v, lected directly and solely with ti practice. ? | v 1 farmer must figure up all in- d e derived from the sale or e^ige of products during the year, ther such produce was raised on f farm or purchased and resold. c s allowed to deduct from this to- ^ his expenses of the year con- ^ WmM ' i i FFITH v | LOVE" T Picture me Cast That You of a Nation." . \ lan's Regeneration v r > the JOUSE FOR DATE % acted ^ith the planting, cultivation, tarvesting and marketing of the crop ir the care, feeding and marketing if live stock. He is not allowed /to leduct the amount expended in 1918 n purchasing stock for resale; hut' trhen such stock is sold its cost is o be deducted from sale price in .scertaining the gain to be included n his return of income. The cost trice of stock bought prior to 1917 annot be deducted as in the case ust cited, if such cost was included a the deduction made in the year f purchase. "The farmer is not required to inlude in his income tax the value of arm produce consumed by himself nd family. But in cases where he xchanges produce for merchandise, roceries, etp., the market value of lie .articles received in exchange lust be included. "All other items of income aris - J : ai J.V U uurmg uic ycor biuyu^u pciovuM ervice, business or trade, through se of property or money, should be dded into the gains for 1918. "Everybody wants to know what icoihe is exempt from tax. Very ew plums that fall to the average lan may be legally disregarded in guring up his 1918 income. Gifts nd bequests can be eliminated; also rooeeds of life insurance received y the beneficiary of an insured per3ii. A person who cashed in an enowment policy need report as inome only that portion which ex?e'ls the total of the premiums he aid ii\ all years ?n that policy. Annuities are not taxable, unless the erson received in the year paylents which represent, when added 3 all prior payments on the annuity, n amount greater than th6 original ost of the annuity. Dividends ofj nejy?ired life insurance policies are ot taxable income; but dividends n paid up policies must be considred income. Alimony is not income 3 the recipient, rjor is it an allowble deduction on the part of the erson who pays. "From the total of all items of icome, there are certain deductions llowable by law. All interest paid n personal indebtedness and all ixes paid during the year are deuctible, except Federal Income nd Excess profits, taxes, inheritance ixes and assessments for local imrovements, such as sidewalks, sewps, etc., Losses incurred in business r trade are allowable, also losses' iioiiig xiuiii nitra, ai/Uiius, sniprreck "or other casualty, or from left, in cases where such losses are ot compensated.for by insurance or therwise. Losses incurred outside! f a " persons' regular business are llowable to the extent of gains reorted from similar transactions rithin the year. Debts due to the j axpayer actually ascertained to be worthless duriny the year are deuctible. "De jjreciation on property used i a. profession, in business, or in arming is another item that may be 1 _ ? j i _ i ? mi ..1 iaimea qs a aeaucnon., rne store; i :eeper may claim depreciation oni lis fixtures, and on his delivery j lorses and wagons, but not on his' tock held for sale. The professionil man may claim similar deduction in his instruments; and. in case of I i physician who maintains a team ir auto for making his calls on pa-' ients, reasonable depreciation may >e claimed. The farmer may claim lepreciation on his farm ^buildings, isidc from his professional residence, dso on his farm machinery, his work lolses and farm wagons. The theory >f deprecation, in connection with T.come tax, is that wear and tear ;aused by use in earning income is i real expense in the earning of that ncome. The rate is determined by he number of years that the ?to >erty ordinarily would be useful ! md the cost of the property is thej jasis of the computaion. If the >roperty suffering depreciation was ) ought or acquired prior to March >he 1, 1913, the market value as of ;hat date is used, instead of the :ost, in figuring depreciation. "Contributions or gifts actually nade in 1918 to organizations oper iting exclusively for religious, chartable, scientific, pr educational purposes, and to societies for ?the prevention of cruelty to children or animals, may be deducted, to an anount not exceeding 15 per cent, of ;he net income computed without ;he benefit of this deduction. , Engraved Cards and Invitaions? rhe Press? and"Banner Co. . * t \ \ 1 i I 0AC WILL I OU DUT * . . . I . \ ; V \ . V. . < v. ' . \ / ' , On account of b< \ > rloi o^v^iai vaa i i week, we have \' \ ' tinne onr Annua through Friday, ^ ( ;" We still have i i values in siock? \ / ? ' spect them?It w / . i * \ j / I \ \ * * i PHTI &? . , V \? 7 ^ L \A Tur /l>1 11 /kj i nc, u i ; YOF ?pl I HIHHIHBHBBHHH. 5 i' &&& :^4 . : ", -. V : . ' " a ' . I ' :5 :v . . . * v - : C . eing unavoidably ; I ' \ - *: f ;S8 1 ' 1 I s j. ' y$ during the past ' I r? ' *i i rn ^^6-1 nrl f/\ r?/\n . ucuucu .! iu tuir Jt; . " 'V' j #5 1 Clearance Sale } *-i ; r' . ; r'M , ? . 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