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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 03, 1919
Page
4
The Daily and Sunday Post carries the 26th article by Thomas H. Ray in a tax series. It previews topics from Feb 6 to Mar 2 and invites readers to submit inquiries regarding income tax to be answered by Mr. Ray.
The taxpayer held $2000 in accounts receivable on 12 31 1917 included in the 1918 return. In 1918 $1000 was collected. For the 1919 return the question is whether to report both the $1000 collected in 1918 and the $1000 still on the books. The guidance is to include the amount actually received in 1918 as income for that year and to exclude it from the 1919 return. only the remaining $1000 should be reflected as an asset on the 1919 return.
The Treasury defines acceptable accounting rules, clarifying cash versus accrual methods, reserves, and depreciation. It demands consistent period closing, proper treatment of accounts receivable and payable, and warns against mixing systems.
Letter to the editor explains that Red Cross Women Chauffeurs provide free rides for convalescent soldiers from the Camp Devens base hospital. The service offers recreation and air, aiding recovery and return to duty or civilian life, without affecting local taxi commerce. Captain Elizabeth Waring asserts the program benefits wounded and ill soldiers and clarifies no driving competes with taxis.
The William F B Brophy Club plans a dancing party at St Marys Hall tonight with a concert featuring Johnnie Riley Charles Dogherty and Thomas Delay among others. Wounded soldiers from Parker Hill are invited as guests of the club.
A large number of sick and wounded men from the 103d Infantry of the 26th Division arrived at Hoboken from Brest aboard the steamship Niagara. They form Casual Company 9135 and are sent to Camp Merritt before proceeding to Camp Devens, with a long list of attached personnel and their hometowns across Maine New Hampshire and Connecticut.
Bedford voters go to the polls for town election with the license question on the ballot and a contest for Board of Selectmen. Dr. Emmanuel Pfeiffer seeks another term after renomination. Ernest A Brown challenges him on the opposition papers.
Readers are invited to enter the Sunday Post prize contest for a best song poem or prose address of welcome honoring the return of the 26th Division’s troops. Cash prizes are offered for worthy entries to be published next Sunday.
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