1953 Farmer's Income Tax

Authors

Agricultural Extension Service, South Dakota State College

Document Type

Circular

Type

text

Format

PDF

Publication Date

11-1953

Publisher

Agricultural Extension Service, South Dakota State College

Circular No.

0501

Pages

32

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, 1954; or (b) File an estimate of your tax and pay this amount by January 15, 1954, then file your return and pay and balance due by March 15, 1954. If your business year does not start January 1, you may file your return and pay the tax on or before the last day of the first month of the succeeding taxable 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, "1953 Farmer's Income Tax" (1953). SDSU Extension Circulars. 0501. https://openprairie.sdstate.edu/extension_circ/579.