Tax situation; [News items];

              90 HASKINS & SELLS September
The Tax Situation
CHARLES WALDO HASKINS IN­STITUTE
has announced a class in
Income and Profits Tax Accounting to be
given in the class-rooms of the Institute at
the Haskins & Sells Building, 37 West 39th
street, on Friday evenings, beginning
September 17, 1920, from 6 to 7.45 P.M.
This class is a part of the professional
section of the Institute's regular curriculum
but has been opened to the general public
owing to the widespread interest in taxa­tion
at this time. There is scarcely any
one who is not touched in some way by the
present scheme of taxation. A knowledge
of taxes has become so vital a part of prep­aration
for business and the accountancy
profession that few young men who enter
these fields can afford to be uninformed on
the subject. Any one who undertakes to
practice tax accounting must not only keep
abreast of the times but be constantly
watching the changing aspects and ten­dencies
of the tax question.
Prior to the enactment of the Revenue
Act of October 3, 1917, the Federal in­come
tax was not, owing to the low tax
rates, of vital importance to the financial
community. The provisions of previous