Image provided by: Scio Public Library; Scio, OR
About The Scio tribune. (Scio, Linn County, Or.) 1919-19?? | View Entire Issue (March 4, 1920)
Reniai : planting, ditching, etc., cannot be claimed against earning* A farmer la not allowed to claim a salary for him self or members of his family who work on the farm. Wear and Tear. Purchase of farm machinery. w»g- 1 <>ne. work animals, etc., also the cost of con st met Ion of extension of build Gains for 1919 Must Be Flqured Ings, .line fencing, etc, should he ron- ahlercd additional Inieetmmta In the Under U. S. Law—Returns farm and are not proper deductions I against income Due March 15. A rm sona Ide allowance may he ' claimed fur wear and tear on farm LAND SALE PROFITS TAXABLE buildings (except the farmhouse), fences, machiner), work animala, wag on». tanks, windmill» and oilier farm Necessary Farm Eipeneee May Be «qul|xneot which Is used In the con duct of the farm. Deducted—Special Form for Farm A» to auto» and tractors» the coet of Incorno—Cash or Accrual these la m>t an expense, although the Basis for Computing. rout of their upkeep la an allowable •leductlon. If the machines are used ex clusively for farm purptaw» and not A farmer, shopkeeper, or tr adeems ti fur pleasure Al»- In stteh cwsew, a dr must «sure Up hla net Income for l»tu; duct Ion for wear and tear I» allowed. and If the fartu or business IncouM» Farm Loases. plus hla other Income was sufficient n» Tlie loss of a growing crop Is not a require mi Income tax r*turn a com prvqier deduction from Income. Inas plete return must be tiled with tlio col much as the value of the crop had hot lector of luternal revenue by March 1&. been taken Into gross Income. The A farmer should ascertain the grow beta of a building or of machinery Income of hie farm by computing alt through storm, lightning, flood. etc, la sains derived troni th* aal» or ex- an allowable dedOCtlim. bill care should change of hla producta, whether pro l»e used to ascertain the correct loss auatalned as n-atrlctwl by Income tat duced on the fumi or punhaw-vl an<t regulations resold. No deduction Is allowed In the case Farm Eipenaea. of ItMs of animals raised on the farm, From hl» icrnaa Income a farmer tai but a Iosa is deductible from groa» In allowed to chante off nil nt hin n«-cew come If the animals had been pur «ary expenses tn the conduct of the rimani for draft or breeding pun «owes farm during the year. These Include Í Shrinkage In weight or value of farm coat» of planting. cultivating, harvest producía held for favorable market ing and marketing. In addition to prices cannot be deducted as a Iowa, for the»« cost» he may deduct money »|>eiit the reason that when such products for ordinary farm tools of abort life are sold the shrinkage will tie retiectist bought during the year, »uch a« «hov 1 In the selling price. els. rake«, etc. Aiwa, the coat of feed • Sals of Farms and Land. purchaiu<d for bls live stock may be The vaine of agricultural land» treated a« an expenne In so far as th!» coat represents actual outlay, hut the been jumping during the |aist value of his own products fed to ani I yenra. and during l!»lt> many owners sold out part or all of their lands at mal» 1» not a deductible Item Other farm expenses allowable are big profits AH such gains constitute the cost of minor re|Milra on buildings Income and must he taken Into the net (but not the dwelling house), on fences, Income for the year Any person who sold part of a fnrm wagons and fnrm machinery ; also bills |>al<! for horseshoeing, slock powders or ranch, or port of a |mr.-rl of land, rock salt, services of veterinary, inxur must also «how any gains reallaed by a nee (except on dwelling house), gaso the sale The method of figuring gains and line for o|H-mtiiig (lower ami sundry loases on sm*li trn nan et Ion» I» pre other expenses which were paid for In scribed In the Income Tax regulations, cash. As to hired help, all the productive raptes of which may be secured from lnl»>r Is a deductible expense; but the Internal Kcvenue IVdlectora. I Forme for Returna wages of household servants, or help hl nil to Improve the fnrm. as In tre«- The Internal llevenus Bureau don’t ship your furs F vî^ ^>0 •eiHit aii Impruv.-d ro III« u«e of furimi» Thl» furili, gsthsr Wlth Fumi HMOA or Ioni. wlll Ulve thè farmer expllclt Informatimi a» tu how lo pruiwriy figuri- hi» net Incorna for UHI» Thi-re are two motboda of Agii ring a fnrtner’a inciti»- fax return thl» yenr. Ile may make hla rei urti on thè basta of thè dlffervnce between thè money ami gemi» recelvi-il for hi» pruducta sud thè cn»h pobl «ut for nettisi alluw- utile fumi l'tiM-nare wlthlii Die year. tir I h - may nmke lil» return on thè ae rila! lutala, wlilcli nii-nii« coinputlag he rrcelpl» and i-Xpenw« lini! |»-rtnlli to thè te laide yi-ur, oxclmlltiit Incanna •»rilevi and exiH-nsea Imurred in pre- >ìuua v« su-i-ev-ding year» OREGON NEWS NOTES OF GENERAL INTEREST Principal Event« of the Week Briefly Sketched for Infor* mation of Our Readers. A letter recel »rd by the tai depart ment of Dvuglaa county from the art Ins auditor of the Dulled Htaira tress ury stated that Duuglaa county's claim for back lairs on the Cooe Bay »wann road frani lands In the tutu ot 155. »7» 17 had been allowed and that a r«a»ury warrant tor the amount had been forwarded to the county tr»-aa arar. unless the bundle is tagged to'Shuberf The Highest Prices Ever Known That's What You'll Get from “SHUBERT* J «SI LARGÌ W^IUTU LAdU. <•«•>*«•»••««« I wriffOlU»« < »T •»<•>•« «<*•« NA 2 A.tRa«« «• M B-rt • >«AUriJ 1 MINK »MM2S.il 2« 00 UK« 15NM12.N HNb LSI lt.Nb LN .’dH UHM lxNtiEM li.Mli LSI LNb L4 SMb 5.N líWti I’M HMte 9.M I Mti I M (Mb 5M LNb 4M] Fine. Dark Uvual Color Coast MUSKRAT [Spring ¡Winter 8.NII IM L»W SJO Uh LSI 1 LNh m 1 SNb 175 151b 175 lSIb 175 LSIb 1.75 SKUNK VOI (ITU [IM “ritiicf «•IRfßtüM esfea« e («♦•• »ö *»««*•< ««••a »» b *« pa «»| ga»«« iPiliUll 7 M'R« LNb 7N Lito 5J4 475b 425 125 b I TS 3Nb IM LSIb 1-Si tooouwetMn ■ ’•i-nrr-K*’ 7Nb 151 LNb IM LSIb IM 225 b I2S IxNbl’M UNII 9.51 925b 125 Black li.Mll 9.M L54M 12 725 b (75 Short IM li 7 JI MO L« » S SIb 5 N Narrow SMb LN JJSti J2! 1Mb LSI Broad These extremely high price« for Oregon Fur« are bawd on the well- known “SHUBERT* liberal grading and are quoted for immediate ship ment. No. 3, No. 4 and otherwise inferior skins at highest market value. Ship your Fur» now—when we want ’em. You'll get "more money" and get it "quicker" too. : -SHUBERT" RETURNS WILL MAKE YOU HAPPY SHIP TODAY—AND KEEP 'EM COMING FAST •HIP A.T All YOU»» ~THELW6ESTHOUSE....... .. FU PS tNRtCT __ _ _ TO _ . _ AMERICAN RAW FURS XÇ-27 W Austin Ave. DeptltuChicaqo. U-S-A, WK3 A stock growers' association has been organised al Gold Beach, furry bounty, fur the protection of farm animals from predatory animals and to secure better prices for Stock Because of Incn-Mcd business In the Inheritance tax department of the state treasurers' office, an additional audi tor baa bt.«-n added In the person of H A Reid of Portland. The market outlook for all kinds of commercial berries In Marlon county Is quite Mtlsfactory from the stand point of the grower, and it la predict ed that ths demand for thee« products during the year l»3o will greatly ax coed the supply. That the English people do not fear prohibition will strike th»lr little Is land and stop the manufacture of brer for a few years al least la evidenced by rhe tiling at Eugene of hop con tracta wherein a big English firm agrees to buy th« crop of three lame county growers for four mnaecutlve years, beginning this year The con tracta call for the payment of a total of *3X4 «KM Orgaalxailoa of a new political party to be known aa the land and labor league of Oregon, elimination of those h stuns of the tentative platform d« e1ar< d objectionable to the grange, and the adoption of yrsolutlona design d to cover operations of the bodv In a future effort to gain governmental supr macy. marked the closing session n* the convention at Malem. mad« up uf d<l<-iratee from the various labor unions of the state, farmers' organisa lions and Individuals In sympathy with lbe proposed UMiVi-uii-nL OUR GROCERY DEPARTMENT Is ( o’.iipk te nini tun stock fresh and ole U. Wo a lull lini* of ( 'oline, Spices, ('mined Goods, nuil in faut, everything I !<•<•< I(‘< I for the table. chitv HIBLER 8 GILL GO.
