Farmer's 1949 Income Tax

Authors

Agricultural Extension Service, South Dakota State College

Document Type

Circular

Type

text

Format

PDF

Publication Date

11-1949

Publisher

Agricultural Extension Service, South Dakota State College

Circular No.

0455

Pages

24

Description

Every person whose gross income during the year is $600 or more MUST file a return even though no tax is due. Gross income is total income (subject to tax) before any expenses are deducted. If at least two-thirds of your gross income is from farming and your business year starts January 1, you have two choices. Either, (a) file your return and pay the tax on or before January 31, 1950; or (b) file an estimate of your tax and pay this amount by January 15, 1950, then file your return and pay any balance due by March 15, 1950. If your business year does not start January 1, you may file your return and pay the tax within 31 days after the end of your business year; or you may file an estimate within 15 days and a return within 2 1/2 months after the end of your business year.

Language

English

Recommended Citation

Agricultural Extension Service, South Dakota State College, "Farmer's 1949 Income Tax" (1949). SDSU Extension Circulars. 0455. https://openprairie.sdstate.edu/extension_circ/535.