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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ...year, irrespective...of the basis of reporting by the payee or by the payor. The necessit of ' '-..."'.reporting is not limited to payments of income of a single kind equaling-3.-or exceeding $1,000, but information returns are required if the aggregate '-' payments of income of all kinds, of which returns of information are gen erally required, equal or exceed $1,000. For example. if a payor pays to a payee $600 for personal services, $250 for rent and $150 for interest, he is required to report the payments on Form 105, the aggregate of these sums equalling $1,000. Aar. 285. Returns of information as to payments for personal service. Payments for personal service, equalling or exceeding $1,000 for the calendar year, whether such total sum is made up of wages, salaries, commissions or any other compensation, however paid, must be reported. Heads of branch oflices and subcontractors employing labor who keep the only complete record of payments therefor, should file returns of information in regard to such payments directly with the Tax Commission. When both main oflice and branch office have adequate records, the return shall be filed by the main office. In the case of an employer having a large number of employees who are moved from place to place as the exigencies of the service require, and who has no complete record of annual payments to them at any one place, the average monthly compensation of two representative months may be taken to establish a fair monthly wage, and, unless the yearly payment, based on this estimate in the case of an employee, amounts to $1,000 or more, no return of information respecting such payments is required. Aar. 286. Return of information as to payments of interest on registered bonds. Every...