The Bismarck Tribune Newspaper, January 20, 1919, Page 2

{ PAGE 2 BISMARCK DAILY TRIBUNE CBT OUT YOUR PENCIL HERE I$ HOW TO FIGURE YOUR 1918 FEDERAL INCOME TAX RETURNS A CLEAR COMPLEXION. Ruddy Cheeks—Sparkling Eyes —Most Women Can Have Says Dr. Edwards, a Well-Kaown , Ohio Physician be ascertained, and from that figure a deduction “nay*be tave~ for taxes paid’ on rented property, the neces- sary minor repairs, fire insurance, any interest be may have paid on mortgagé, and a reasonable allowanco for annual-Wear and tear of tho rent- ed. property, The balance is includ- ed in grosssincome for the year. Interests on.Deposits. 3 Dr. ¥.M. Edwards for.17 years treated | {nt v! . ¥ scorés of women for liver and bowel | or wares mbes dnnontte % neta ; | Aberdeen, S. D., Jan, 20—The big period named in the law. _'The other | ailments, During these years he gave to | halances, ‘must be included invall cal- 4 q income tax drive of 1919 is now under | is, to pay the tax, if any is due. bis Paes. a preecripton miede of a few | culations of tncome. “Bond interest re- — cia way, and every preparation Js being ‘Neither of these obligations ‘can witht sliver olf saming eclents cued coived* during the year must also be Ree & rT ] ; nade to handio tho largest collection | B® met without a careful review of in-| Olive Tablets’ “You will know them by| cluded. except interest on municl: — # : in the history of income “T am {Come and expenditure for the tax their olive color. p pal, county ar. statd bonds. _ Intorest on United States bonds need, not be in- She 4, not waiting for the final p: the new Revenue bill by cong said Collector Coffey today, “nor the new regulations and k forms enci! 1s bus matter in one’s system. 2 to be issued. ‘To get this big tax in| is. done; all its fruits are gleaned; and| If you have a pale face, sallow look, dull bonds, however, should ask their every person who fared well, or earn-| »yes, pimples, coated tongue, headaches;a | bankers to write to my office for the and get it accurate and complete, [ : urge that we all be The income t by_the old lav ure now in congre: st. of two distinct operations. One is, to file return or statement of all items of in- come and items of deductions allow- able by law, and to do this within the A WallofResistance Emphasis should be placed upon the conservation of strength and the building up of a strong wall of resistance against weakness. SCOTTS EMULSION is used regularly by many, right through the winter, as a depend- able means of conservingstrength, For the delicate child or adult, Scott's offers rich nourish- ment with tonic-qualities that are great in their ability to strengthen the body and in- crease resistance. the meas- RETURNED SOLDIERS Let us make your new suit, We give you 15 per cent off aud make SUITS FROM $18.00 UP EAGLE TAILOR & HAT SHOP Phone 5S Opposite Posteftice f| year. | {must be filed. drive is to havi doubtful points, right ta i of figures. us avoid of ev figures and come for 19 trict, aiding taxpayers jation of the returns and in deciding We will go right to ;the people with the income tax, and with the cooperation which the public can give the government men, the returns will be fied by everybody who comes under the law's provisions, the s will be paid, and the dis- trict will have done its full patriotic duty toward the government's sup- por the belated That is the big job right new, and that is why I say the income tax already under way, Every- where the pencil is busy. The old year 4 good competence, must analyze own case in cold figures. To Distribute Forms. “When the new bill is enacted in- to law, I will have the proper return forms distributed throughout the dis- trict, and everybody will be inform- ed of the date when the sworn return | It is my plan to send ;my men out to central locations, and them travel through the Dis- in the prepar- Teanwhile, let me say again, there no need of delaying the preparation Anything ‘that congress does now will not affect the amount of a person’s earnings for 1918. Let throwing to- gether of figures that may hit or miss. | Guesses cannot be accepted as the ba- \sis of taxation. .It is clearly the duty ‘y person to compile correct scertain whether his in- was sufficient to make necessary sworn return. A Banner Year. “The year 1918 was for salari the a the farme! The opinic lincome tax returns. i i “Att signs come indicato tax this year will reach nearly that a banner Year and the high |war prices brought unusual profits to rage small tradesman and to in Washing- |ton is that a million citizens and res- jidents will make this year their first the in- ,, Phese tablets are wonder-workers on the liver and. bowels, which cause a-normal action, carrying off the waste and poison- istless, no-good feeling, all out of sorts, inactive bowcls, you take one of ‘Dr. Edwards’ Olive Tablets nightly fora time and note the pleasing results. Thousands of women as well as men take:Dr. Edwards’ Olive Tablets—-the suc- cessful substitute for calomel—now. then’ just to keep in the pink of condition, 10c and 25¢ per box. All druggists. nearly every merchant, shopkeeper and farmer. Not all will have to pay the tax, but nearly all will be obliged to make a sworn statement of the year's income. “IT am therefore advising every un- married person who earned $1,000 or over during the year 1918, and every married person, ‘who together with ; ie every working man and woman, and | , cluded by the ordinary bond holder who purchased in small amounts. Holders: of large amounts of Liberty rule applying {o tax on such interest. “Dividends.on stock shares are in and must~be included in the ross figure: law does not imposo i butions made by domes tio ico corpora- person buying and selling mer- ise must find his profi r the ron the following basis; First, as- 1 the ross sales or total cash receipts. ‘Phen add together tho in- yentory at™the beginning of the year and the purchases of goods for resale. From this-latter sum subtract the in- ventory of goods on hand at the year’s end, and the result is the cost of god sold. This cost, plus ne yy Ox: penses incurred solely through con- duct of the business, is te be deducted from tho gross sales, and the result chi wife or husband, etarned $2,000, to sharpen his pencil and figure out how he stands. “He must ascertain accurately his gross income from all cources. There is his salary or wages, including over- time pay and any bonus received as additional compensation. A married person having children under 18 who are working should include the earn- ings of such children. “If he sold any property at a profit, the gain must be computed and in- cluded in gross income. If he rented any property to other persons, the to- tal rents received in the year must ——————oooooOOO MOTHER'S FRIEND EXPECTANT MOTHERS MAKES THE CRISIS SAFER, Business | irectory | is the net earnings of the busin A professional. man arrives his professional income ‘by ascertaining the total of fees for services and de- ducting therefrom alt expenses con- nected directly and solely, with his practice. Figure Income. “A farmer must figure up all in- come derived’from the sale or ¢x- change of products during the year, whether such produce was raised on|” the farm or purchased and resold. He is allowed to deduct from this total is expenses of the ~ year connected with the~planting,: cultivation, har- vesting and marketing of the crop, or the care, feeding and marketing of livestock. He is not allowed to dedugt the amount expended in 1918 in’ pur- chasing stock for resale; but when such: stock is sold its cost is to be deducted from sale price in ascertain: ing the gain to be included in his re- turn of income. The cost price of ‘stock bought prior to 1917 cannot be deducted as in the case just cited, if such cost was included in the deduc- tion made in the year of purchase. “Tho farmer is. not required to in- clude in his income tax computation the value of farm produce consumed by himself and family. But in cases where he exchanges produce for mer- chandise, «groceries, -etc., the market value of the articles ‘received in cx- change must ‘be included. Lashanska’s lovely’ J tecord of Louises’ } _Famous Love Song Ke There are people who go to hear. “Louise” just-for the joy of one wonderful song—‘“Depuis le Jour.” In all the realm of opera there is no more beautiful love song than this unrestrained outpouring of a young rl’s first affection. Lashanska’s ren-' ering is perfect in its sympathy, surpassing in its brilliance. { 49364—$1.50 peer ‘ ecords | Stracciari Sings There's a Long, Long Trail” Stracciari’s glorious vgice; the haunting \ melody and message of the “bong, Long Trail.” Try to imagine the heart-appeal of this splendid record—then hear it, and find how it surpasses even your keenest + expectation. . 49517—$1.50. { \ Band Piays AUTOMOBILES, ACCESSORIE! “All other items ‘of income arising : . S AND SUPPLIES PHOTO DEVELOPING | auriug Sir year thpough persoual ser: ‘The French A .4 D —$—$______________| resissionar Riise fon Afar —. | service, business or trade, through use / Imy iu H = iN FEO PricToGnanG of property. or. money, should ibo.add- ‘Th Vi e 4 Western Sales Co, || MISSOURI VALLEY || nay puqTa ceplucE |"? "thai Iwo Victorious War Marches - | “Everybod: nts to kn hat orate je lote _ i R MOTOR CO. iba) } iN Me sa Everybody pants, ta. know very : France s victory ove ig foe is unmistakably beliecied : Distributors of | Factory Distributors of © RIGMABCK sic x. +. }few plums. that fall :to the: average in the happy faces of these French Army Bandsmen. And... MAXWELL AND OLDSMOBILE |i] CaeveotEr AUTOMOBILES BISMARCK :Nonti Daxora = juan may be lena deropated France’s glorious triumph rings out, loud and clear, in AUTOMOBILES Smith Mesa acka Bring or mail-in your films for | ana pequests can be eliminated; also every note. of, these two pulse- uickening marches— © Smith Tractors Expert Developing Lene eae Weert “Marche Lorraine” and “Pere la Victoire.» When you PORTAGE TIRES Kelly-Springfield and Firestone NE ee STORE son. A person who cashed in an an hear them, you'll swing your hat again for France! : News Colambio Reet, 1 tae ‘ GREEN DRAGON Tires <== come only that portign which exceeds AGO83—$1.25 “20th of every month SP ARK PLUGS | Everything for the Automobile a are og age an the UA re ee He paid in COLUMBIA GRAPHOPHONE comr ANY, New York & Battery Repairing |22.t0' ithe ’yar poxmonts which Automobile Acces- sories of All Kinds FILTERED ' GASOLINE Fr i TUD. We give a personal guarantee of 4,000 ee Air and Water 8 EBAKER miles and make our own adjustments. rt of the person who pays. and ‘om tbe total of all items of in- BATTERY CADILLAC MOBILOILS AND GREASES | come, there are certain deductions At a Big Saving In Frei allowable py law. All interest. paid on SERVICE STATION Automobiles On all or. thee Toews Ft Hb personal indebtedness .and all taxes ' BISMARCK MOTOR COMPANY. Distributors of UNDERTAKERS AND EMBALMERS PERRY UNDERTAKING PARLORS Day and Night Phone 100 Night Phones 100 or 687 Licensed Embalmer in Charge HARDWARE—IMPLEMENTS FINE BUGGIES If you sre thinking of buying & new carriage or wagon it will pay you to get our prices. Hardware — Tools — Implements Harness — Carriages a agons ————————————— **DAIRY—MILK—CREAM WEBB. BROS. Undertakers — Embalmers Funeral Directors Licensed Enabalmer in Charge Day Phone 50 Night Phone 65 ELECTRICAL —_THE— ELECTRIC SHOP B. K. SKEELS Everything Electrical Wiring Fixtures and Supplies Deico Farm Light Plants Willard Service Batt Station zo) Phones. 878 423 Bcd Ct, Prone SSS 5 SMOKER’S FACTORY PRICE WILLIAM F. EALENMEVER, Cigar Fastery. som "210d Hickory Lignite. Exide Service Station. Radiator Repairing In All Its Branches. , | BLACKSTONE TIRES factory wholesale to dealers. CORWIN MOTOR. CO. Bismarck, N. D. CONNSOUELURDUUONONURORONOOOROUONE! SUITS $29 up Expert Dry Cleaning | KLEIN . TAILOR AND CLEANER ; | Richmond. Whitney DR. A. SCHUTT: | DENTIST Gpeclal: Work In Extcacting pee Bet | | | Blemarck, t% C..A.¥inch.Lum- ber Co. phone 17, for represent, when added to all prior payments on the annuity, an amount groater than the original cost of the annuity. Dividends on unexpired lite isurance poli ar not taxable in- but dividends on paid up poli- be considered income. Ali- ome to the recipient, it an allowable deduction on paid during the year are dedutibel, ex- cept federal income and. excess prof- inheritance taxes and as- for local improvements, etc, Loss trado are iT allowable, fires, storm ualty or from theft, in c such losses are not compensated for by insurance or otherwise. Loss: incurred ottside of a person’s regular business are allowable. to the extent of gains reported from. similar trans- actions within the year. . Debts due to the taxpayen actually ascertained to be worthless during the year are de- ductible. Depreciation of Property: “Depreciation on property used in a profession, in business, or in farm- ing is another item that may be claimed as a deduction. The store- keeper may claim depreciation on his fixtures,, and onhis delivery horses and wagons, ‘but not on his stock held for sale. The professional man may claim: similar. deduction on his instru- ments; and, Jn case .of a physician ‘who: maintains. a team or auto for making hig-calls on patients, reason- able depreciation may, be claimed. The farmer may elaim depreciation on his} farm buildings, aside from his per- sonal_residence, also on his,afrm ma- Chinery, “his ‘work horses and farm swork wagons: ; "The theory of deprecia- tion, in connection. with the income tax, is that. wear and tear. caused by earning=income-is a.Teal ©x- ‘of, that income: prediation wad tbe deducted, to/an amount. not ex- ceeding 15 ‘per cent of the, net income computed without, ’‘the benefit of - this deduction. ae tts “After. the total ,of by Jlaw- haye ‘been- computed _as an | Offset, the amount of income in ex- all income ‘is |. found, and the deductions allowable |. cess of such deductions is the net in- ne, Which forms the basis of the assessment of tax. “It every peron in this district will examine his own 1918 income and his allowable _ deductions, in line. with data that I have given, he will know ‘beyond doubt whether he must file his return when+the blanks arrive. And here is how he will determine his liability-to file a return. If he is a single man he must file if his net in- come was $1,000, or more, and this re- quirement, is enforced whether or not he is the head of a family. If he is married, he must file his return if his net income, including that of his wife and minor children, was $2,000 or more. “I want to emphasize the coopera- tion feature of the collection of the jncome tax this year. The policy of the interna! revenue bureau is to aid taxpayers to meet the requirements of the law. .We are going right to-the people, not to swing clubs or to mulct the wage-earner of his savings, ‘but offering. every, helpful governmental function that will assist people te do their duty.” pits When you want’ coal, ‘phone’ 17. Finch, Lumber Co. PURE PASTEUR- |, ‘on tee vale os a tint date ss c 4 the cost.in: , IZED MILK Sellers ...--.. : piles e rena i 4 Our Milk Station Open Daily Connm ictal cain" ‘{o0 LAWYER Saresoe openitentiont operat: BAM to GP. M, Sat North Bal Bir ts kaibeine Block: Blageatche; N-Ds| Sis eesine ot eeocntie prwolo 1 8.A.M. to 6 P. M., Saturday |}our Hero .-.... 90 | arck, N. 0, scientific or : di | 2 to 9 O'clock. oe H mo Industry . 30 Phone 752. Si? Leen pet mae HAR aay ; ‘ "From 9 to 1 PM. Only. 55 Just a pair of skatches attached to the front-fork of a bieycle in place of a wheel, it tyrns a summer vehicle de con- venience into a winter sport: medium, and goes anywhere that the ice will hold it. It’s the idea of a:New York boy, and he makes goed time with his “slight young passengers.