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About The Coquille Valley sentinel. (Coquille, Coos County, Or.) 1921-2003 | View Entire Issue (Jan. 10, 1946)
THURSDAY, JANUARY 15, 1544. -2 * • — »• ** Tax Information sure lobbying which often makes it .' Mr and Mrs. Robert Zeigler and hard to ascertain the truth hidden be- ' son, Johnny, were here from Seattle hind the usual smokp screen of clever i recently, visiting at the home of Mrs. propaganda. Letters expressing the | Zeigler’s parents, Mr. and Mrs. Wm. personal views of constituents are | Hickam. gladly welcomed, particularly when • » UxBtor'» Note: Because of the con- nearest collector of Internal Revenue. tlno last March but now find it is they come from the heart and are f union ensendered by the compli- 2. What form should I use to under-estimated by more than SO < .»ted and involved Tax Filing. Ea- change an estimate I filed'last spring? Per cent. Can I avoid the penalty? not in obvious response to pressure- umat(ns, end the various .other et- You have the same choice between Yas, by filing an amended declaration group urging. Elected repesentatives ..terse. The Coquille Valley 8en- . Form 1040-ES and Form 1040. If on your annual return by January 15 can, and do, head off most bad legis \ : • tlnel la carrying a complete Tax Ar? you use Form 1040-ES, write the and correcting the under-estimate. lation 4or the same reason that pat Question and Answer Series this word “Amended" at the top of the 5. Suppose I based my 1545 es ent-medicine vendors find it hard to week tor the readers of thio paper. form. • Condensing Units timate on my actual 1944 income. Because many people even though .3. What is the difference between Does that excuse me from the penalty sell their wares to licensed physi they are having all their taxes 1040-ES and Form 1040? Form 1040- for under-estimating? If you based cians. • Exhaust Fans But a much better job could withheld but have sold houssa. ES is a special form for estimating your estimate on our actual 1544 be done if constituents took the time rumie, or had other sources of rev Tor”» 1040 is the regular blank income and ftaur the tax at 1945 • Cooling Coils enue that was not subject to with- ior annual income tax returns. rates and there will pt to write on issues of interest. in.Idins and no are subject (o new It la to be hoped that the public has 4. Tlow can I decide which form no penalty. • Insulation • Walk-in. Boxes filings, we recommend a study of is best for me? If by January 15, listened carefully to the president’s the following Information.) you do not have exact figures on your Where and When td YUe '■ speech as it outlined his views and No. 1 1M5 income and deductions, it is best 1. If I am required at this time to 1. What Federal tax form must be that you use Form 1040-ES. In that make a Declaration of Estimated Tax •ims. He is entitled to the courteous filed by January 15th? ’ Your IMS case you Will have to file your regu for IMS (or amended declaration), attention of all as he seeks to recruit Declaration of Estimated Tax (or an lar _______ ,____ _ „ IMS _________ return by March 15. _ If you when must it be filed? January 15. support for his policies. But the amendment of your IMS Declara- are in a position to file yotfr regu- The tax due at this time must be paid Home Freezers in chest type and reach-in type; public should withhold final decision tion). | lar return as early as January 15, in full. 2 Does everyone have ttf file a. you can file Form 1040 then and it also two temperature x 2. Where do I file? At the office on the several issues until opposing Declaration? No. This filing should, will serve both as your Declaration of the Collector of Internal Revenue views have also been heard and con- not be confused with the regular time. and also as your return. in your district. In this district, ad Delivery On Some Items Depending Upon Conditions for filing annual income tax returns, 5. Does the new tax law, passed dress your declaration tor "Collector rectly to the people will be beneficial which must be filed not later than by Congress a few weeks ago, change of Internal Revenue, Custom House, only if they are accepted for what March 15th. . | any of this procedure. No, your Tgfi _____ they should be, one side of an orderly also”have to file an income^debate before the people as judges 3. Who does have to file January i «.deration or return is for IMS and by March - M- —>. 15? If you file Such wlu great capacity 15’ Three groups gp foHows: f ' - ------------------ ---------- ** *-------------- tax return . k ';•> your regular 1M5 return on Form farmers, (b) persons who filed a IL „ ÍUZ for evil if permitted to dictate public ¡0. Do members or vetaran« of the ..... . — ____ ____ __ , — i ,**■ members or veterans of the 1040 by January 15, it will serve both Declaration Of Estimated Tax, but — wish to change their estimates, (c) armed forces have to file declara - as a declaration and as a-return, and opinion. lions? Not as to their pay for active no further filing on your IMS taxes persons who should have filed a Uons? the armed forces (except will be ns re a ssr y. However, if you 1945 Declaration but have failed to service in Jh® do so -. 1 y**aiar officers servings within the file a declaration (Form 1040-ES), 4. DM everybody have to file a Ji ±7 you must also file your regular re turn not later than March IS. .. 1945 Declaration? No, only persons whose wages last year exceded other * 4. Do I have to file an estimate for the new year, IMO? For IMS, the $5,000 plus $500 for every exemption . Olner laxp“yer „ . "What is the automobile situation?* rules will be the same as last year. except their own and persons who 1 Haw *- **-“__ Vaar T»« 426 W. Front Street You will have to file a IMO Declara This question is asked many times had over $100 income outside of . th. wages from which tax was withheld o.vers PJho must file ■ Declaration tion if you expect wages subject to every day in the offices of the Small ..„„min« Mr cv.r.U J?®™« T.TAiu.'S'li X» withholding to exceed $5,000 plus 5500 for every exemption except your er War Plants Corporation. at least $500). do I estimate my tax for last year’ own, or if you expect more than 5100 ” Only recently figures were re 5. What are some examples? A Estimate your income far IMS and of other income (assuming your over leased which should convince the vet wageearner with a wife and one child then figure the tax by the same meth- all income is $500 or more). eran that he has but little chance to tias two exemption besides his own,’ od you use to compute your exset 5. When do I file my 194« est and if his wages exceeded $4,000 tax on your annual return. imate? March 15 if you are not a secure an automobile. ($5,000 plus $500 plus $500), he had 2. Are there any special work- farmer; January 15, 1M7, if you are These figures indicate that the to file a 1M5 Declaration. Also re- sheets or tables to help me estimate? a fanner. But do not confuse these number of serviceable passenger au quired to file were merchants, land- I You don’t need any special sheets. dates with the deadline this January lords, lawyers, doctors, and others Use a. copy of the regular return 15 for completing your 1M5 esti tomobiles in the service of the Army who received income from which tax blank. Form 1040. would not exceed 15,000, while those mates. ♦ was not withheld. 8. If I use the regular return fl. Suppose I don’t want to change in the Navy would probably not ex blank. Form 1M0, to figure my tax, Why is January 15 a special date my IMS estimate, but have an in ceed 5,000. Each service has indi- for farmers? Other taxpayers were can I file that Instead of an estimate stallment left to pay. When is it csted that they will be releasing but form? If you fill it out like a rygulgr required to file declarations last dug? Also January 15. In this case, March, but the law specifically per- return ana use exact figures (not es too, if you file your annual return . few of these cars. r milted farmers to wait until the ns$R i timates), you can file Form 1040, and by January IK Ttogig^^H 5, you ~ may pay the ’ Government Bodies Fljrst lann.rv IS. it will serve both as the declaration amount called fc. January for by __ the return ln- But suppose that they did release due now and as the return due March stead of the installment. Me. 1 even up to fifty per cent of these cars. IS. Hew to FUe New er Amended 4. Part of my tax bill is paid The first priority group, namely; the ■e federal government agencies, and the 1. If I must file a IMS Declaration through the tax deductions my em- makes from my paycheck. Do of Estimated Tax on January 15, floyer state, county and city governments have to pay the estimated tax on what form should I use? You have a top of that? You pay only the dif I would take at least half of this group choice between filing an estimate on ference between the withholding tax of cars, which would leave rougly Form'1040-ES and filing your an4 your total tax. 4,000 cars that would be available to nual income tax return on Fotm 1040. and ----------- I I - ,------- -- - |------ T - 5. If I am changing an estimate You can get either form from the and have already paid some install the veteran. The radio proved its political value ments, how do I take credit for those Today every one of the 110 district payments? If filing Form 1040-ES, during the FDR administration when otticeg Over the nation have at least write the total amount on your pay it was used with telling effect to on. thousand ~ ■ applications -■ now on ments on line 5. If filing Form 1040, creste create favorable public opinion on hand for automobiles' automobiles. So you can write the amount on line 7(B), page controversial measures wanted by the -eadilv readily see ther(i is utUe rhance for "ahlaF kwa »■ ■Ji'i i ■ » ^A J—1—_ a *• 1 ” *XtCUUv*- Mr you obuining the automobile you ao was far too high, arid I have already Truman have persuaded hJnl _ 4 in your business, ___ fc-y ^ad!ylMe through paid more than my correct tax for this same technique in an attempt kttMnnl 4^ to1 G^emmentS^rolus' No IMS. Can I get a refund nf the dif overcome the opposition that has kept ^f^pXaonaluse. ference? Yea, by filing your regular overcome the opposition that has 1___ ____ return and showing the amount of his legislative progran^rflrom getting •Bookkeeping .overpayment in line 8, page J, Form anywhere. The timing is excellent D I kJ a ; ¡1040. • Payroll while most member of Congress rCrSOnal AROnriOII No. 4 home to be quickly Influenced by NaVy Man Released How to Avoid Penalties on • Social Security constituent opinion which the presi- { Robert Benjamin Harris, Ship’s Year Estimate 1. Assuming I had enough income dent hopes to incline his way. • Withholding Tax ¡Serviceman, L third class, 447 North . in 1M5 to be required to file a declar- Use of the radio in direct appeal to coulter street, has been released from I ation, is there a penalty for failing to • And other burdensome the U. S. Navy, offl- I file or pay the tex due on a declara the people requires special talent in ,cOve duty detail • tion? Yes. The penalty is five per "nd delivery of ***• text 'cials of the Bremerton port have an- i | cent of the amount due and unpaid, Whether Mr. Truman has thg»knack nounced NEED NOT BE A WORRY! I plus one per cent for each additional for this sort of thing remains to be month—the total penalty not to ex- Because this may be taken I | ceed 10 per cent of the amount un- proved. Language must be epigram care of to your entire satisfac paid. matic, ’ terms general enough to im tion —' at a very reasonable t 2. Is there a penalty for estimating ply wide , meaning without definite my tax too low? Yes, but only If you cost. underestimate your tax by more than commitment, and a generous spicing 33M> per cent if you are a farmer, or of dramatics must be sprinkled over by more than 20 per cent if you are all. The aim is appeal to the masses not a farmer. 3. How much is the penalty for un- of people who customarily follow derestimatidgY' The penalty is six current events only in press head per cent of the difference between lines or movie news-reels. At least your estimate and the correct tax these are the ingredients of previous 141 8. CoUiei (but not to exceed the total difference between your estimate and 84% per fire-side chats which we can con Coquille cent of the correct tex if you tare a fidently expect to be the pattern. farmer, or the total difference be Proper use of this radio privilege Sorry, Our tween your estimate and 80 per cent will benefit democratic government of the correct tax If you are not a if such speeches are the honest, sin fanner). 4. Suppose I filed my IMS declara- cere expression of what the presi dent had in mind. They afford a means of direct communication with many members of Congress whose acquaintanceship with the president’s views is largely second hand. A r>c’t INSÙ UNCÍ hostile press can be by-passed if it 11 arel to < ir is unfairly serving up the news ob liquely. But a superhuman degree of moral integrity is demanded of the president to keep such speeches on a high non-partisan plane to insure the respectful attention hie office merits. The services of the presi dent belong to all the people and not exclusively to the majority who electedSiim. Most issues before our legislative bodies require careful study before forming final opinion. A wise pro vision of our republican form of gov- against ill-advised legislation by es tablishing legislative representatives as a first line of deefnse. With few exceptions the members of the Con gress and the several state legisla tures are public-spirited citizens of proven worth. It stands to reason that their combined, carefully con sidered judgment is more apt to hit the mark than the snap judgment of the common citizen on issues unfa miliar to the general public. But on issues i requiring accurate appraisal of public opiniorfl opinlori”the representatives are at a disadvantage unlees they have the cooperation of home folks. | u of Internal Revenue Refrigeration Equipment of All Kinds g * rnier ' s U m rjaF5»“ No Surplus Cars To Go To Individuals To the Small 5 Business Man Hoover's Business Service rnie Smitl Ernie Smith What! About Your Water Supply? Do you have HARD water? „ Does your plumbing rust? Do your coils clog up? Does your water taste, have color, or cidor You have a WATER problem See us about FREE water analysis * and correction of your trouble. CHAS. F. WOOLDRIDGE ►' MYRTLE POINT Phone 1OTM Representative government con-' templates responsibility on the dti- , ten to keep himself reasonably well informed and to make hia opinions, known to his representatives. The tatter are eternally subjected to pres- REFRIGERATION SERVICE