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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 29, 1957)
Tuesday, January 29, 1937 MEDFORD (OREGON) MAIL TRIBUNE THIRTEEN Married Couples Usually Save Money By Submitting Joint Income Tax Returns Editor's note: This Is the second of five articles u help taxpayers make out their federal income tax returns. By RUSSELL C. HARRINGTON Internal Revenue) Commissioner Written for United Press Washington (U.R) Married couples usually can save money by filing a joint return instead of separate returns for their federal income tax. The . only sure way to tell which method costs less is to figure the tax both ways. The law allows you to file either jointly or separately in any year, whichever way you select. In other words, you are not bound to file jointly this year just because you did last year. The same blank forms are used whether you file jointly or separately. Generally, if the combined income of husband and wife was less than S5.000, you can make the choice be tween the simple card Form 1040A or the longer Form 1040. If your income was $5,000 or more, you must file on Form 1040. Separate Tax Years There- are certain situations in which joint filings are for bidden. These happen in rela tively few cases, but should be remembered. They are: If you Quotes From the News By UNITED PRESS . London Great Britain's Home Secretary R. A. Butler, repre senting Prime Minister Harold Macmillan in Parliament and sup porting the U.S. policy of stationing American servicemen in Britain: "The purpose of this policy, far from provoking war, is to pre vent it. The U.S. forces in the United Kingdom are part of the de terrent against war." Washington Maj. Gen. E. A. Walsh, president of the National Guard association, answering Defense Secretary Charles E. Wil son's statement that during the Korean war the National Guard was used by young men as a "draft-dodging business": "In my book, one who performs honorable military service in lime of war or national emergency has no right to be tagged as a draft dodger, as Mr. Wilson unfortunately has chosen to call him." New York Charles Van Doren, deciding not to pocket his winnings of $122,Q00 but to continue answering questions on a television quiz show: "I hate to quit. It takes more guts to quit than to go on." Miami Beach, Fla. Walter Reuiher, commenting on a state ment by the Executive Council of the merged AFL-CIO that union officials should speak up "freely and without reservation" before a congressional investigation of labor racketeering: "It is an important historical step to rid the labor movement of small minority of crooked, corrupt leaders." San Francico Henry Ford II, president of Ford Motor Co., suggesting the withholding of aid from Soviet satellites is not in "our own best interests": "I think we need to be realistic and decide whether our trade and aid polices toward such satellite areas as Poland, Hungary, East Germany and Red China are really in our own interests." DRIVE-IN CLEANERS "YOUR CASH AND CARRY CLEANERS" Q FASTEST SERVICE A BRIGHTER CLEANING All Your Garments In Plastic Bags 2 Convenient Locations 844 S. Riverside 702 West Main St. Effective February 1st - We Will No longer Offer a Pick-up and Delivery Service To Our Customers We hope that this does not cause you any great inconvenience. - FREE FORD TICKETS See "FRONTIER DAYS" KBES-TV Every Wednesday. 10 p.m. were divorced or legally sepa rated on or before Dec. 31, 196; if you are married to a non-citizen who does not live in this country; or if you and your wife report your income on the basis of different tax years (that is, if you report your income on a 12-month period ending Oct. 31, for instance, and your wife uses the calendar year). Even if your wife had no in come at all, you may file a joint return. And if you didn't marry her until New Year's Eve be fore midnight, of course you may still file a joint return. If your wife worked a little during the year and earned less than S600. it will probably be to your advantage to file a joint return, rather than letting her file separately. She might get a refund by filing separately in this case, but you could not file a joint return and you would lose her as an exemption. More about exemptions tomorrow. If your wife or husband died during the year and you did not re-marry before the end of the year, you may file a joint return for the full year. And under certain circumstances the surviving spouse may claim the same income -splitting benefits of a joint return for the two years following. When husband and wife file a joint return, both must sign the return and both become liable for any amount of tax owed. Special Tax Rates In filing a joint return you add both the husband's and the wife's income and list the ex emptions and deduction (stan dard or itemized) to which both are entitled. Special tax rates are provided for calculat ing the tax you owe if you file jointly. The rates are figured as if your joint income were split in half and you each paid the tax on one half. Keep in mind if you file sep arate returns that if one of you itemizes his or her deductions the other must also itemize. Whether filing jointly or sep arately, if you compute your tax and find you owe more tax, at tach a check or a money order for the full amount due. Make it payable to "Internal Revenue Service" and send it with your return to the director of intern al revenue for your district. When you file jointly, you at tach both the husband's and the wife's forms W2 to the joint return. If your returns are sep arate, attach the right return. One tax item which affects couples more often than it af fects individuals is buying or selling a house. As a general rule, if you sell your home or any other person al property, such as stocks or bonds, you must pay a tax on the profit you make. There is an exception which applies in certain cases where you sell your residence. If you sold your home during 1956 for a higher price than you paid in buying it and making improvements on it, you need not pay a tax on the profit if you buy another home within 12 months and pay as much or more for the new one as you The Family Council Editor's note: The Family Council consist ol a Jndce, a psychiatrist, three clergymen, a newspaper editor, a women's editor and two writers. Each arUcle Is a summary of an actual report. The Family Council does not give advice; It merely reports on problems that have been dealt with by responsible agencies and counselors. Mr. F. G. We must ask our son to leave. Mrs. F. G. How can we be Mrs. F. G. How can we be Mr. F. G. My wife and I are in our 60s and are the parents of two married sons. Our young er son had been living in anoth part of the country until last year when he lost his job and returned with his wife and child to stay with us. ' During this year our son has had a lot of trouble getting situated. He has had three dif ferent jobs and none has worked out. I feel that it is not good for him to stay with us. We have a fair income and it's not a great burden on us to have him and the family, but I feel he is get ting too choosy about jobs be cause he knows he can count on us. I feel we should tell him he must leave. Louis was always a bit of a problem not lazy exactly, but never wanting to take any more responsibility than he absolutely had to. when he is in trouble? We have How This Newspaper Helps Advertisers... With a Strong Right Hand We're newspaper people, with our ears to the ground and strength in our right hand. For a long time it has been our job to meet the people of our area in their homes, work, schools, churches, and in their civic and social activities. It has been our job to understand their needs and desires; to report their joys and sorrows. Few know this area and its peopie better than we. Many merchants look to this background of experience and -understanding for assistance in reaching their audience most effectively. It is an unusually strong right hand to their merchandising efforts an effective source for in formation and advice. Let us show you how the combination of this experience and audited circulation facts can help you to get maximum results from your sales messages. Call us this week. cSu&t H . HARDWARE y MEDFORD MAIL TRIBUNE This newspaper is a member of the Audit Bureau of Circulations, a nonprofit, cooperative association of publishers, advertisers, and adver tising agencies. Our circulation is audited at regular intervals by experi enced A-B.C. circulation auditors and their reports are made available to our advertisers without obligation. MEASURE OF SERVICE. ..MARK OF INTEGRITY so cruel as to turn out our son when he is trouble? We have a a house with plenty of room. We have no excuse to refuse to have him. I feel that Louis' real trouble is with his wife. She is very domineering and makes too many demands on him. He has become very nervous and irrit able and the two of them fight a lot. We don't interfere, but I think he likes to feel there is someone around who is on his side. My husband has always been hard on Louis, telling him he wasn't man enough to go in for sports or into business compe tition. It's true that Louis was a bit backward about some things, but he is a smart boy and shouldn't have been teased about them. He lost his self-confidence and now we have to help him build it up again. The Council: Mrs. F. G. is right that Louis must have lost both self-confidence and self reliance, partially at least, through his father's teasing. However, these parents cannot now help him to regain both by letting him fall back into their arms. Mrs. F. G. is probably also right in her feeling that Louis is seeking help from his parents in connection with his difficul ties with his wife. But they are not helping him by offering him "someone around who is on his side." He must learn to be on his own side and to stand up for himself against his dom ineering wife. On the other hand, it would be cruel to "turn out" Louis when he is jobless. His parents do not have to manage the mat ter in a way that will make it such a blow. A kinder, more sensible procedure would be to tell Louis that they feel it would be best for him and his family if he would set up his own home when he gets his next job and that should be as soon as possible. Since Louis is having so many difficulties on both the job and marital fronts, it would be ad visable for him to see a phy sician. If his physical health is up to par, the physician might recommend some form of psy chotherapy for him and his wife to help them straighen out their affairs. (COPYRIGHT 1957. GENERAL FEATURES CORP.) eot for the old one. If you sold your home and are building a new one rather than buying an existing home you nave 18 months instead of 12. If you buy a new home for less than you sold the old one, you must pay tax on part, or an, ot tne profit from selling the old. If you owned the old home for more than six months the tax may be at lower rates. Report all of this in detail on a separate tax form, called Schedule D, and summarize it on page 3 of Form 1040. I will discuss the tav rlrlnrt- ibilitay of interest payments on tne mortgage the day after to morrow, in an article on all kinds of deductions. Tomorrow: Exemptions and dependency allowances. Information Office Budget Target Washington (U.R) Rep. John E. Moss (D-Calif.) says he will try to get Congress to cut off any further appropriations for the Office of Strategic Infor mation. President Eisenhower has pro posed that the agency be given $105,100 for its operations in the fiscal year beginning July 1. But Moss said he will ask the House Appropriations Committee to re ject the President's request. Mr. Eisenhower asked for the new funds even though the House Government Operations Committee unanimously recom mended last year that OSI be abolished. OSI was set up in the Com merce Department in 1955 to act as. a "clearing house" for nonsecret information which might be of strategic value to an enemy. Use Tribune Want Ad A J. P. TOBH & CO. Insurance Adjusters Announce the Association of Donald W. Yocom as a member of the firm at 211 Fluhrer Building Jerry P. Tobin Jack E. Crawford c Li 0 FO lP f L- " f fr imi A A,k Ahoui 0'" sS 1 .yOsyf Jy7f9 l 90 D,y at -5L I 5 JY J J ft f J f f'lj 30-Day Open, Account. In Hardware . . . Housewares ICEfti-GLO America's Favorite Enamel $079 $029 Otis. Gi Gal. One coat covers most sur faces No undercoater needed Dries in 3 to 4 hours First choice for kitchens, bathrooms, all woodwork . 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OVEN HITS Extra long padded oven mirs with magnetic holder. Longer gauntlet helps prevent arm burns. 69c ELECTRIC ROOM HEATERS 1320 and 1650 watt electric room heat ersall plug into any standard base re ceptacle. Heaters by Arvin, Markel, La Salle. Bems. All have heater circulating fan. Automatic and manually operated models. Model illustrated is marked No. 196 $2295 OTHER MODELS $1295 1o $33 95 If your stove Isn't giving you enough heat for this winter weather see Oakland Wood Burning Circulating Heaters AT HUBBARD BROS.! n t ! 50 $829$134 PADDED IRONING TABLES Rigid Model 11 with completely offset support which provides more knee room for sit-down ironing than any ether ironing table. Equipped with pad, cover and dust cover. 95 KITCHEN CLOCKS Many new General Elec tric wall clocks in wide choice of colors and fin ishes. See the SWIRL patterns with chrome or copper face with color background. 98 plus fed. tax $ 4 Mil IP nliyilo) is., MAIN AND RIVERSIDE MEDFORD, OREGON SARD prk. 1 -si.'- PHONE 2-6189 sH1m sr. t
