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 $45,000.
The grant provides for stu
dent research, political intern
ships, graduate fellowships,
guest speakers, and the main
tenance of a Politics Study
center at the university.
The program is directed by
Or. Lester G. Seliginan, asso
ciate professor of political sci
ence, assisted by Dr. James
R. Klonoski, assistant profes
sor in the department.
The grant allows students in
the lower division course in
American government and
the upper division political
parties and public opinion
course to conduct original re
search in political problems
and. gain field experience.
"By this method, we have
encouraged the student to be
a modest producer, instead of
just a consumer," Dr. Selig
man explained.
In addition, the granl has
provided for summer Intern
ships for undcrgradulc stu
dents at the headquarters of
political parties in Oregon.
The possibility of extending
these internships to offices of
congressmen, senators, special
interest groups, and political
parties in Washington, D.C., is
now being investigated.
, TAURUS
W. 21
MAY 21
Anonymous Caller
Sought by Police
Portland - (UN) - Police are
trying to trace an anonymous
telephone caller in this area
who told two Seattle resi
dents their Portland relatives
were dead. In both cases the
Portlandcrs were found to be
alive and well.
STAR GAZER? i$
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51-76-79-83
CANCIR
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VIICO
AUG. 24
SEPT. 22
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-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
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VpGood () Adverse
CAPRICORN
OEC. 23 f.
JAN. 20 CS
AQUARIUS
(AN. 21 ,C,
6-19.22CH
61-78 &
rtscis
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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'.
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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
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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