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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 13, 1962)
14 TUESDAY. NOVEMBER 13. 1962 MEDFORD MAIL TRIBUNE, MEDFORD, OREGON Dennis the Menace ' jf,k suy wouldn't set Ami wiWfW Your Money's Worth By SYLVIA PORTER Copyright. Hall Syndicate, Inc. SAVE ON TAXES NOW - VII EXPENSE ACCOUNT STRATEGY From 1063 on, (he new tough expense account rules are going to bar your deductions for many business entertainment expenses which are now deductible as legitimate and cus tomary. Thus, if you as a businessman can manage it, you may find it wise tax strategy before the year ends to change your methods of entertainment so that you will be able to qualify for an income tax deduction under the stiffened rules. Now is the time to consider who is to bear the tax burden when some entertainment expenses which have been clearly deductible become non-deductible next year. Now Is the time existing expense arrangements between employer and employee should be reviewed with the goal of agreeing who should pay the extra cost. Now is the time clients and attorneys, accountants, sales agents, public rela tions firms, etc., should decide who is going to pay the addi tional tax lab created from 1963 on because of the disallow ance of an entertainment expense. As an illustration, If an employer or client pays his employee or independent contractor at higher compensa tion or a flat expense account to cover the expected cost of entertaining on behalf of the client or employer, any disallowance of the entertainment expense then will be the headache of the employee or independent contractor. The employer's deduction for the higher pay or the flat expense account will be tale. But if the employee or inde pendent contractor it reimbursed only for those entertain ment expentet for which he "accounts" to his employer, then the employer will be the one who will have to pay the extra lax involved. The guide is clear: before the start of 1063, rcchcck all your expense account arrangements and reimbursements to minimize your problems under the new Revenue Act of 1062. It also is extremely important for you to get your record keeping Into top-notch shape before 1063 so you can start at once in January 1063 with fully supported expenses. Make sure that your expense records, diaries, etc., show plainly for each item: the amount, time and place of the travel, entertainment, etc.; the business purpose of the travel, entertainment, the like; the business relationship of the per son entertained. Keep all receipts, canceled checks, paid bills and other evidence to support your deduction claims. This warning about evidence is vital to you this year. As of next year, the famous "Cohan" rule - under which a busi ness or professional man who couldn't prove exactly how much he spent on business entertainment, travel or gifts has been able to deduct a "reasonable" estimate of these amounts will be out. As of 1083 loo, deductible business gifls you can make will be limited to $25 a year per person. If you're planning costly gifts to business customers or associates, give them in 1062. If you wait until Jan. 1 or later, you won't be able to deduct more than $25 per person, no matter how ex pensive a gift you make. Another tax saving possibility which this new rule will bar as of next year will be the payment to a widow of a deceased employee of voluntary death benefits in excess of $5,000. It has been possible under certain court decisions for an employer to get a deduction for the payment and yet have no lax due from the widow, but this will be definitely out next year. So 1062 offers the last chance to shoot for this possible tax saving. If you're considering a business trip combined with an extensive pleasure viiit. again you may find it worthwhile from a lax viewpoint to take the trip thit year instead of next il practical. The tax deductible portion ol your travel expense to and from the buiinest visit may be cut under the rule applying from Jan. 1 on. If your company owns a yacht, hunting Indue or other entertainment facility which is not used more than 50 per cent of the time for business purposes, the ownership can become a definite liability. For your tirm will not be able to deduct any part of the maintciuinoe or upkeep of the fa cility In 1063 even if you use the lodge, boat, etc.. up to 50 per cent for business purposes. You may well save substantially in taxes by disposing of the entertainment facility and renting one when you need it for business entertainment. Next: Tax-saving hints it you help tupport your parents. American Politics Grant Is Received Eugene A grant for the support of a University of Oregon program of student ed ucation for participation in American politics has been re newed for a second three year period. The Maurice and Laura Falk Foundation of Pittsburgh has granted $15,000 for the current academic year, and has pledged smaller amounts for the next two years, as the university gradually assumes financial support of the pro gram. The initial three-year grant was for $45,000. The grant provides for stu dent research, political intern ships, graduate fellowships, guest speakers, and the main tenance of a Politics Study center at the university. The program is directed by Or. Lester G. Seliginan, asso ciate professor of political sci ence, assisted by Dr. James R. Klonoski, assistant profes sor in the department. The grant allows students in the lower division course in American government and the upper division political parties and public opinion course to conduct original re search in political problems and. gain field experience. "By this method, we have encouraged the student to be a modest producer, instead of just a consumer," Dr. Selig man explained. In addition, the granl has provided for summer Intern ships for undcrgradulc stu dents at the headquarters of political parties in Oregon. The possibility of extending these internships to offices of congressmen, senators, special interest groups, and political parties in Washington, D.C., is now being investigated. , TAURUS W. 21 MAY 21 Anonymous Caller Sought by Police Portland - (UN) - Police are trying to trace an anonymous telephone caller in this area who told two Seattle resi dents their Portland relatives were dead. In both cases the Portlandcrs were found to be alive and well. STAR GAZER? i$ to ?- 8-14-231 324356 OIM1NI 51-76-79-83 CANCIR ? 1.45-33-5 y64-77-80-82 - uo M juLr - AUG. 23 tT 7-10-13-31 EU52-55-66 VIICO AUG. 24 SEPT. 22 iiM6-18-4 '48-58-63 -By CLAY H POLLAN- H Your Daily Activity Guide M, According to the Stan. To develop message for Wednesdoy, read words correspond tng to numbers of your Zodiac birth sign. IIMA IXPT.2J ri OCT. '23-39-44-50O4 69-D-83-84- 1 Aivociatei 2 Moke 3 Excitement' 4 Put 5 On 6 In 7 Routine 8 Up 9 Guard! lODiy 11 Fine 12 You 13 Don't 14 Your 1 5 Your 16T,me 17 Say 18 To 19 Air 20 bitle 21 Talk 22 Romance 23 Br.ef 24 Things 25 And 26 Mo 27 And 28 Mind 29 Work 30 Someone's 31 Pit 34 Befor 35 Tread 36 Look 37 Corefully! 38 Be 39 Ecu!ton 40 Wo'ch 41 Over 42 Pleasure 43 Then 44 Aoy 45Puil 46 Moke 47 With 48 Agreements 49 Aiked 50 From 51 To 52 Off 53 N; 54 Pulling 55 Necessary 56 Act 5 biter 53 Or 59 Supoorf 60 And 6! LnuHier 6? Wi:l 6jSII 64 Your 65Fr.erd 66 Toiki 61 Before 6BOver 69 Horn. 70lrdcoied 71 And 72 Deodir) 73 Slippery 74 You 75Stoirt 76 Ho'll 77 Good 78 Prevails 79 0iheri' 80 Ick'Oi 81 Your 82 Now 83 Enjoy 84 Yourself Sri E,c 86 Problems 8 Ploy 88 Will 89 Laler 90 Understand SCORPIO OCT. 24 fA NOV. 22 5- 9.30-54- k2-68-81-85Vi. SAGITTARIUS NOV. 23 OEC. 22 T A ' 4-15-29-341 42-53-87-89 HM VpGood () Adverse CAPRICORN OEC. 23 f. JAN. 20 CS AQUARIUS (AN. 21 ,C, 6-19.22CH 61-78 & rtscis rEB 20 V5, WAR 21 17.20-36-57iT 01-74-88-90 P7- Lawyer Reviews Legal Problems of Landlord, Tenant E. Roy Bashaw, Medfoid lawyer, spoke at the meeting ol the Rogue Valley Land lords association on the legal problemo of the landlord and tenant. The rights, duties and re sponsibilities of the tenant were discussed, along with j the legal resources available to the landlord for collections, I evictions and damages. In ex- ! nlaininp hriu anH uhpn In use the laws presently in ef fect, Bashaw pointed out that many of the laws applicable to the landlords' problems are antiquated. Clarification of the position of the district attorney's of- Coast Guard Exams Open for Academy The Coast Guard is offer ing qualified young men a chance to continue their col lege education and at the same time train for a varied and challenging career as an offi cer in that service. Competitive examinations for appointment to a cadetship at the United States Coast Guard academy have been scheduled for Feb. 18 and 19. Successful candidates will at tend the Coast Guard academy at New London, Conn. An applicant must be a high school graduate who has reached his 17th, but not his 22nd birthday on July 1, 1963. Applicants must be in excellent physical condition, between 64 and 78 inches in height, with proportionate weight, and have 2030 vision in each eye correctible to 2020. Appointments are made on the basis of competitive ex aminations and evaluated gen eral adaptability. There are no Congressional appoint ments or geographical quo tas. An information booklet and application forms may be ob tained by writing to "Coast Guard Cadet," Alaska build ing, Seattle 4, Wash. CUBANS END TRAINING Moscow-iUPb-Four hundred young Cubans left for home Sunday after undergoing a year's industrial training in the Soviet Union, the lass news agency reported. AUCTIONS HOT ITEM Aberdeen, Scotland - IUP1I -Auctioneer William Steward said today a large crowd bought everything he put on the block over the week end. He auctioned 5,000 old gravestones. Well Known Art Editor Succumbs Portland OJPIi Louise Aar on Buhmann, Portland news paperwoman well known in art circles, died Sunday at Emanuel Hospital here of cancer. She was 60. Mrs. Buhmann, who wrote under her maiden name, was art editor of the Portland Re porter since the paper's incep tion three years ago. Pre viously, she had been marine editor and art editor of the Oregon Journal. She was born Aug. 12, 1902, in Richmond, Va. She married Max W. Buhmann in 1951. Survivors include her hus band and a brother, Lt. Col. Thomas R. Aaron, U. S. Army, Ret., Honolulu. Funeral arrangements were private. Announcing the New Location of Dr. Anthony E. Bock Osteopathic Physician & Surgeon ' 804 CHURCH ST. PHOENIX, OREGON PHONE 535-1087 fice was explained, in that this office confines its activ ities to criminal actions, and most of the landlord-tenant problems do not involve fraud or other crminal actions, usu ally only civil problems. During the business meet ing, after discussing the possi ble advantages of a perma nent landlords assocaiuun, the group voted unanimously to form a permanent organi zation, electing an executive committee. The executive committee will announce organizational plans and the next regular meeting of the Rogue Valley Landlords association. Burglar Takes Pearls From Room at Hotel Fort Worth, Tex. - (UPD -Every available man on tha 65-officer Fort Worth police detective bureau searched Monday for clues to identity of a mysterious burglar who jimmied a hotel door lock and walked away with 70 pounds of pearls valued at $1 million. A lot more car-a lot more carefree! Just try beating the hold, beauti ful Buick LeSabre '63 tor value! You get full-size room. Wildcat performance! Jolt-free Turbine Drive (.opt. at extra cost). Finned aluminum front brakes. Top trade-in. Buick quality. If you're buying "full-size", you'll proba bly pay a LeSabre price. Why not own one? Model shown $2869'. bum i ummtot Suiibim i.uii nc la tin us.nn : ai ftnciwi" iii iw imh hot t ml SvunlM Dui.r D.li..tr 1M uuI CMml llimpoiliuyi Himt sun iM toul utti. Kmioim im maul wiiium BOLD BEAUTIFUL BUM There's a car for 8 out of 10 new car buyers at your authorized Buick dealer . . . Headquarters for Buick LeSabre, Special Skylark; Wildcat tEtectra 225, Riviera SKINNER BUICK-CADILLAC 143 So. Riverside Here's u hippy smirk- fir jour mothcii -vf ymhirilik Complete Heating Oil Service STANDARD HEATING OILS Metered Deliveries Factory Trained Mechanic Equipment Parts in Stock WE GIVt GOLD BOND STAMPS At Your Ssrvic 24 Houn Day Valley Fuel Co. Sine 1931 11 Wait McAndrewt , V -Cm w - n ; - v . - t , !w r 'v .. IS"4 J: 'V - J ' i v'A .-.' J v. it:. -v - I v. Wwi, JO"""" . J ' V . ' id f f ' ' '"T'l ' ' ' -"!r ri Whether you're treated to breakfast in bed on your birthday or not, here's a way to guarantee many happy returns of the day. Call your mother on your birthday. She deserves most of the credit anyway, and she'll be delighted that you cared enough to call. (You'll be surprised at how good it makes you both feel, even if you arc a year older.) Try it. () pacific northwest bell
