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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Feb 18, 1919
Page
13
The thirteenth installment in a series by Thomas H. Ray explains corporate tax credits. Domestic corporations receive a $2000 exemption from normal tax, akin to the individual $1000 or $2000 personal exemption. Corporations may deduct excess profits or war taxes, but those with net income under $3000 owe no excess profits or war tax.
The 1918 corporate tax is 12 percent, then 10 percent thereafter with a 2000 dollar exemption. Consolidated returns are allowed for affiliated firms and foreign domestic affiliations are defined. Returns must be sworn, filed by March 15, with four quarterly instalments. fiscal year filers may have different due dates.
Washington date line reports that individuals with incomes of 5000 or less may obtain income tax return forms at revenue offices or banks. Forms released without awaiting signature of the revenue bill. The 5000 and over form to follow within two weeks. March 15 deadline for those earning 2000 or more as a married person or head of family and 1000 or more for a single person in 1918.
Collector John F. Malley urges taxpayers to file and pay by March 15 under the new revenue law. Payments are due starting now with final returns and the first instalment on March 15 to meet war-related obligations. He stresses minimal hardship and calls for public spirit to support government needs.
Citizens are asked to file and pay income tax by March 15 to avoid last minute rush. Taxpayers may use the instalment option of 25 percent at that date with quarterly payments on June 15 September 15 and December 15 to ease local financial strain. Officials urge cooperation to support the national effort and establish a record for Americanism.
In Clinton on February 17 Judge Jonathan Smith fined James A. Horrigan of 9 Warren Street Charlestown 75 dollars for operating an automobile under the influence. Edward L. Rush of 5 Dupont Street Charlestown was fined 10 dollars for drunkenness after the pair were arrested by Officer Cc. S. Knight in Boylston when their car was ditched there.
BASSE Feb 17 Count von Brockdorff-Rantzau the German foreign minister has resigned according to a Weimar despatch to the Vossische Zeitung of Berlin. There is no confirmation from other sources.
Salvatore Iannelli, 43, arrested at 6 Sherwood Street Roxbury for murder in the death of Giovanni De Simone, 35, of 2 Paris Street East Boston. He pleaded guilty in East Boston Court and a further conference with his wife Bertha and immigration officials was noted as hearings addressed for February 25.
Felix Tannelli of 07 Blue Hill avenue Roxbury told police that De Simone who was an unwelcome visitor to his home returned Sunday night. After being ordered to leave De Simone allegedly hurled boiling water at Tannelli and he then retrieved a revolver and shot De Simone in the head when the visitor refused to depart.
The 46th annual reunion of Brown University alumni in Greater Boston will be held at the City Club this evening. A 6:50 PM reception leads to a brief business meeting and officer elections, followed by speeches from William H. P. Faunce, Chester H. Allen, William P. Sheffield Jr., and Andre Morize.
Representatives of the masters and mates on strike meet with Acting Commissioner Sullivan in the absence of Henry J. Skeffington. A further session at 9 o clock this morning aims to reach a definite understanding.
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