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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 17, 1958)
SIXTEEN -MEDFORD (OREGON) MAIL TRIBUNE income Tax Forms Editor note: Here U trie first of five dispatches giving detailed explanations about filling out and filing the 1958 federal income tax forms, written especially for the Vnited Press by Commissioner of Internal Revenue Russell C. Har rington. By RUSSELL C. : HARRINGTON . Commissioner of Internal - Revenue (Written for United Press) r Washington OA If you paid federal income tax last "year you'll find that the forms Quotes From the News - By UNITED PRESS r Washington AFL-CIO Legislative Representative Hy an Bookbinder, in discussing his proposals for stimulating rthe national economy: . "It is absolutely shocking to me how the spokesmen of lhis administration for these many months have been trying ' rto tranquilize the American people into believeing that we :r having no recession." - London Mrs. Jame'sina Orsborne, Britain's so-called J'Last of the Buccaneers," giving her opinion of the real char--acter of her husband: "The whole world thinks my husband was a hero but they "Jiave been hoaxed." - New York James Farrel, father of test "spaceman" Don--ald Farrell, reacting to his son's statement that he would like -to make an actual trip to the moon: - "I would try to discourage that. It would be much too -haiardous." Z Washington Harold Stassen, speaking on negotiations "with Russia: - "There should be a summit conference the sooner the better." Jakarta, Indonesia Lt. Col. Pamurahardjo, head of the Indonesian government's "National Federation for the Liber ation of West Irian" (Dutch New Guinea) ... in a statement 'about the Sumatran rebellion to President Sukarno: - "We are sure you will take steps . . . We'll fight all those "who have played with ultimatums and proclamations." Monday Night Prices Effective 6 FOUNTAIN Strawberry Bring the family to New berry's for Dessert Monday night. Made with Fresh Froz en Strawberry and Home made Cake with rich whip ped cream. Reg. 25c All for YARDAGE SPRING and WOOL All Light Spring Colors in Solids, Tweeds, Fleck and Plaids. A wonderful selection of colors for skirts, suits or jackets. 60-inch widths. Reg. 3.69 yd. Special DACRON PANEL CURTAINS With clearight finish. Easy to wash, no ironing. Insect and mildew proof. Colors of White, Blue, Green, Pink and Yellow. Size 42x81". Reg. $1.79 Special This Coupon Worth $10.00! ROADM ASTER JR. BICYCLE Convertible from " boys to girls. Puncture proof tires. New safety coaster brakes. Removable side - balancing wheels. Reg. $27.95 Special j.Ifmu&3nni ca Sixth & Central are substantially the same this year. We hope this will make filling them out easier for you. The tax rules and rates are also the same as last year. You still must file your re turn by midnight of April 15. Of course, the sooner you file, the better for all con cerned. If the government owes you a refund, you'll normally get it without too much delay if you file early. to 9 Tonight Only! SPECIAL! Short Cake SPECIAL! WOOL BLENDS si With Coupon i S47 (L yd. 88 Medfdrd's Bargain Corner Monday, February 17, 1958 Substantially Same If your employer has given you a Form W-2 showing how much you earned in 1957, to day is not too early to file. Send your return to your dis trict director of internal rev enue. Rules for Filing This year more than 65 mil lion persons must report their 1957 income. In general, citi zens or residents of the United INCOME TAX TIPS Washington HP On your tax return you must include as income money from wages and salary, benefits from union while on strike, dividends and in terest, rents, royalties from patents and copyrights, tips, jury fees, contest or gam bling winnings, estate or trust income, annuities, pen sions, and a few other sources. Do not include as income dividends on veteran's serv ice life insurance, social se curity benefits, state bonus to veterans, life insurance proceeds upon death, work man's compensation for sickness and injury, state unemployment pay ments, refunds of federal income tax, repayment of loans, and monthly government al lowances to families of serv icemen. States under 65 years of age with income last year of at least S600 must file. If you were 65 by Dec. 31, 1957, you need file only if your income was $1,200 or more. There are two basic forms for filing Form 1040, four pages printed on white paper, Glascock Named To Counselor Job For Forest Group Effective April 1, 1958, Hardin R. Glascock Jr., will assume the position of forest counsel for Western Forestry and Conservation association with offices in Portland.' Mr. Glascock brings to the association ' more than 10 years of outstanding work in the Pacific Northwest in log ging, forest management, fire prevention, and tree farm operation. After serving four years in the Navy he returned' to the College of Forestry, Univer sity of Washington, to obtain his forestry degree in 1947. He served as land manager for Bloedel Timberlands De velopment, Inc., Seattle, spe cializing in survey and fores try inventory work, until he became district forester for the Industrial Forestry asso ciation in 1951, working in eleven western Oregon coun ties with headquarters in Eugene. He is treasurer of the Wil lamette Valley Logging con ference, a member of the So ciety of American Foresters, American Forestry associa tion, Oregon Committee of American Forestry Products industries, and University of Washington Forestry Alumni association. He is married with three children and will make his home in Portland. Senator Attacks Lack of Decision Washington (IP) A Sena tor's attack on what he called Air Force "lack of decision" has led to disclosure of plans for an 18,000 - mile - an - hour manned rocket ship. Air Force sources said they hope the craft, called the X-15B, will put the first man into orbit around the earth and bring him back safely. It would be an advanced version of the X-15 rocket ship which the Air Force and the National Advisory com mittee for aeronautics (NACA) plan to fly 100 miles above the earth at about 4,000 miles an hour early next year. Sen. Dennis M. Chavez (D. N.M.) chairman of the Senate Defense Appropriations sub committee, revealed in a statement Saturday that he was briefed last October by the Air Force on plans for an X-15B "manned recover able space vehicle." Four months later, he said, Air Force chiefs still have not given the go-ahead to the project. Chavez cited this as an ex ample of "lack of decision" on space projects. "Each day these decisions are delayed gives our Communist adver saries more time to advance beyond our state of art," Cha vez said. New Delhi OP) Henry : Cabot Lodge Jr., U. S. am bassador to the United Na tions, today restated the Am erican position that Red China cannot be admitted to U.N. membership because it ' is "not a peace loving na- 1 UonJ and Form 1040A, a buff -colored card about the size of an ordinary check. A great many taxpayers" can use the brief and simple card Form 1040A. Some are troubling themselves unneces sarily with the longer Form 1040. The "short form," as 1040A is popularly called, is for per sons whose 1957 income was less than $5,000 and came in wages or salary from which the employer deducted fed eral "withholding tax" every payday. A salary or wage earner with up to $100 of extra income say from odd jobs orffrom stock dividends may also use the card form so long as his total income was less than $5,000. But if his "extra" income that was not subject to withholding taxes exceeded $100, he must use the longer Form 1040. Joint Returns A husband and wife earn ing less than $5,000 from their combined wages and salaries, with no more than $100 in other forms of income, also may use 1040A to file a joint return (More about joint re turns in the next dispatch.) Minute the sign As Those If your income was less than $600, you need not file any tax return at all, but if taxes were withheld, then you must file to get the money back. Again, 1040A may be used. The card form calls for 16 items of basic information such as your name and ad dress, social security number, employer's name, your wages, amount of tax withheld, names of children, and other dependents and signature. Form 1040A has three lines which give you the choice of calculating how much tax you owe in addition to what has been withheld, or how much refund you have coming. If you choose to make this calculation and find you owe more than was withheld, you must send the money in with your return. You cannot wait for us to send you a bill. (Any one using the card form will automatically get the stand ard 10 per cent deduction for medical expenses, contribu tions and the like, . without any extra calculating.) Address in Booklet . Make . out your check or monev order to "Internal Rev Maybe this is overdoing it a You COUld get this impression of Minute Man service it's so swift, so thorough, so complete. Best of all, it happens automatically, the moment you drive in. Our customers tell us once you've tried it you're not likely to be satisfied with anything less. Because (the customers add) the service you get at a Union Oil' station is as good as the gasoline. This is exorbitant praise because the gasoline is the West's most powerful premium new Royal 76 Man service plus new Royal 76 gasoline. Reason enough to make your next of the big 76 where you know you always get the finest. UNION OIL COMPANY OF CALIFORNIA TOME IN : THE SPORTS CLUB Used For Last Year's Return enue Service" and mail it with your return to your dis trict director of internal rev enue. There is at least one district director in each state and you can find his address on the inside of the tax in struction booklet. If you file on Form 1040A and decide not to figure your tax yourself, you send the form to the district director and he will calculate your tax and send you a bill or refund check. In either case, be sure to enclose Copy B of all your Form W-2's, showing how much you earned last year and how much was taken out for taxes. We must have these Form W-2's with your return. When you fill out your re- j turn, you may round off the dollar figures you use: elimin ate anything less than 50 cents and increase any amount between 50 cents and 99 cents to the next highest dollar. Taxpayers who may not use the card form and who must use Form 1040 include those who have wage or salary in come of $5,000 or more, or more than $100 of other, in come, and those who wish to EVERY WEEK ON ABC-TV ASK itemize their deductions be cause they are bigger than the standard allowance of 10 per cent" of income. Two Changes in Form For you 1040 users, a word about two changes in the form since last year. You will see that we have divided line 6 on page 1 into two parts, 6(a) and 6(b).. Only 6(a), re lating to business expenses of employees, is really new this year, and I have previously announced that you do not have to fill it in. Line 6(b) is for listing excludable sick pay, shown last year as line 6. We included line 6(a) be cause we think it will make things easier both for you and for us. But not everyone has kept complete records of 1957 business expenses such as hotel bills and railroad fares so we are not insisting that you fill in 6(a) until next year. In the meantime be sure to keep accurate records this year of your business expenses and whatever money you re ceive from your employer on your expense account. (Inci dentally, there is a new Form 2106 this -year for listing VZ!', " ' V5 ' ' ' 'i FOR: FREE SPORTS BOOKS AT travel and other expenses claimed as a deduction.); r The other change this year in Form 1040 is on page 2. You will find one block label ed "other deductions." This replaces three separte blocks we used to label "casualty losses,", "child care" and "mis cellaneous." Automatic Deduction' If you use only the first page of Form 1040, you de termine your tax from the tax table on the back' page of the official instructions which have been mailed to you (or can be picked u p a t most banks' and Post Offices). The table gives you an automatic, mm Slabs and Rough Blox Green Dandy to Burn with Dry Wood 9 Big Double Load or Single Load MEDFORD FUEL COMPANY Telephone SP 2-21 11 trifle, but- stop r YOUR NEIGHBORHOOD UNION STATION unseen deduction of 10 pel cent to cover medical ex penses, contributions, interest and other deductible items. If you are a Form 1040 filei and your income comes frorr other sources than salary oi wages such as dividends, in terest, rent, capital gains you must list your income ir the appropriate sections or page 3 and compute your tas on the rate tables which are provided on page 11 of th instruction booklet. For help in preparing youi return you may consult the district office or the nearest field office of the Internal Revenue Service. It helps us (and. may save your time) if you telephone first. Then, il your problem is too compli cated to be answered over the phone, come in person to our nearest office. Our advice is free. if Court & McAndrews e
