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76TH YEAR CHRISTIANSTED, V.I. U. S. A.., SATURDAY 11TH FEBR: ARY 1922 THEST. CROIX AVIS 18 printed and putlished daily (Sundays and Holidays zxcepted) by G. Johansen at the Avis Office. TERMS---50 cents monthly in advance, " 2 cents per single copy. Entered as second-clazs matter May 26th 1917 ot the Post Office at Criristian Bled StoCvoix V.L oithell S . 4., un der the Act of March 3. 1879 . Contribution to this paper will be glad- lg received when the same deals wih mat- ters of genmeral interest, and is accompa- nied with the author’s name, as a quar- antee of good faith The editor caunot be responsible for the views of his correspon- dents nor does he necessarily endorsethem -« 'l-‘ ! REPORT OF DEPOSITS & WITHDRAWALS AT 45 =33 A gt % THE NE¥* ST, GROIX SAVINGS DANK On Saturday the 4th Febr. 1922 RECEIVERS: in Christiansted A. E. STAKEMANN Trustee. In Frederiiisted R. E. HIGGINS Trustee. Balance of deposits to 28th Jan. 1922 : $ 86,407.87 46 Deposits, of which 21 in Christiansted $ 809.45 (1 new) 22 in Frederiksted $ 151.19 (1 new) $ 960.64 $ 87,368.51 14 withdrawals of which Bin Christiansted $ 149.00 6in Frederiksted $§ 114.40 § 26340 Balance of deposits to date $ 87,105.11 Receivers for Saturday the 11’ Feb. 1922 in Christiansted A. E. STAKEMANN Trustee. In Frederiksted R. E. HIGGINS - Trustee. A.E. STAKEMANN. President. Publicati üblicatioi. | [' is hereby brought to publie notice | I that in accordance with the proviso in | the Naval Appropriation Bill, approved | by the President 12 July, 1921, eXtend- | ing the Incom2 Tax Laws of the United | States to. the Virgin Islands, income | taxes for the calendar year 1921 wiil be | collected under the terns of Tiile Two | of the Revenue Act of 1921, approved by | the President November 23, 1921, which | title is retroactive aad effective from | Januzry 1, 1921. : Special attention is invited to the fol- | lowing requirements : ? Returns must be made under nath on | Form 1040-a, provided the net income does not exceed $5,000, and on Form | 1040 if rhe net income exceeds $5,000, | and wiil be submitted by the following: | (a) Every single person, and every | married person not living with husband ‘ :r wife, whose pet income for the calen- | dar year 1921 was $1,002 or ver. ’ (b) Every married peison living with | husband or wife whose net income for | the calendar year was $2,000 or over. i (¢) Every person whose grossin:ome | for the calendar year was $5,000, or | over, regardless of the amount of his l net income. (d) Every married couple living to- gether, if their aggregate net income for the calendar year was $2,000 or over, or if their aggregate gross income was | $5,000 or more. Eaech may submit a separate return, or a joint return may be | rendered, as desired. If a joint return # is submitted, the tax will be compu ed | on the aggregate income. f Every corporation subject to taxation | under this title. | Fiduciaries shall make return on Form | 1041; partnerships and personal service corporations on Form 1085; corporations on Form 1120. , The term ‘‘person’’ inciudes partner- ships and corporations as well as indivi- | duals. The term ‘‘corporations’’ includes as- sociations, joint-stock eompanies, and insurance companies. All individuals corporations, and part- nerships, in whatever ecapacity acting, including lessees or morigagors of real or personal property, fiduciaries, and employers, making payment to another individual, corporation, ar partnership, of interest, rent, salaries, wages, pre- miums, annuities, compensations, remu- nerations, emoluments, or other fixed or No. 34. determinable gains, profits, and income of SI,OOO or niore in the ecalendar vear 1921, or in tke case of such payments made by the Uniled Siates, ihe officers or emplovees of the Umted States hav- ing information as to such payments and required o make returns in reg:rd thereto shall render a true 2nd acecu- rate return to the Despatching Secre- tary setting forth the amount of such gains, profits and income, and the name and address of the recipient of such pay- ment, : A supply of form 1040-z has been re- ceived and copies are available for distri- bution at the Office of the Despatching Secretary. A supply cf all other forms required by the provisivns of the Reve nue Act of' 1921 is expected in the near future. Inecome iax returns must be filed at the Office of the Decpatching Secretary on or before the 15th day of March 1922 The Despatching Secretary may grant s reasonable extention of time for filing returns whenever in his judgment good cause exists. The tax should be paid, if possible by sending or bringing with the return a ~heck or money order drawn :c the order of “‘Despatching Secretary’’. Do not send cash through the mail, or pay it in person except at the office of the Des- patching Secretary. The tax may be paid i: four equal :installments as fol- lows: The first installment shall be paid at the time fixed by law for filing the return, the second insiallment shall be paid on the 15th day of the third montt, the third installment on the 15th day of the sixth month, and the fourth install- ment on the 15th day of the ninth month after the time fixed by law for filing the return. The total tax may be paid at the filing of the re urn, or if not so paid, one installment must be paid and the balance may be paid in installments, or in full, on or prior ro any subsequent installment date refcrred to above. Fail- ure to pay any installment on the date fixed by law makes the taxpayer liable tor the payment of the balance of tax due upon notice and demand by the Des- patching Secratary. PENALTY: For failure to make re- turn on time, not more than SI,OOO and in addition, 25 percentum of the total tax. Government of the Virgin Islands of the United States, St. Croix, 9 Febru- ar.’, 1922, C. E. RAPPOLEE, Despatching Secretary.