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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Feb. 19, 1946)
, Income Tax Information Explaining Use Of Forms No. 2 Who Uin. What Form (Editor'! Notoi Tiili it the no ond ol leveral itorlti explaining who h lo do what about iili in com toxo.) By JAMES MAHLOW WASHINGTON, Fob, II) M') Oonoriilly, tuxpuyurn mo divided Into two uIiihhch: Those who nuiko under or over $11000, Most muka uiidvi' $501)0, TIiobo who miidu ltwi tliiin $5000 In, 11)45 won't hnvo to fl u ro 1 1 it'll' lux. They'll uhci form W-2, tho withholding receipt, or the 1040 nhorl-leiin. Those who niiide $15000 or over will hnvo to lino the 1040 lonK . form unci do their own flKtirliiK, Thorn lire Just IIioho three wnys of inidtlnK n return; form W-2, the 1040 short-form, or tho 1040 lonieform. Here's im expliiniition of the fonn.H and who vim n.sc them. Flrnt Form Tnlto form W-2 find: Thin Ih the receipt, nhotit tho sl.o of n bunk-cheek, which n boss Hives ii worker lo show tho money enrned in 1040 nnd the tux withheld from his wtiucs or siiliiry. To. una It: 1. Your tti'onn Income for the your Hint In,, totiil Income, not Just how much wun left nfter puylnn expenses must be under $000. . 2. If you hiul Income In nddl rllon lo your wiikch, llilit Income ( must not hnvc been moro thnn $100, und the total Income must be under $0000. 3. Your Incomo must hnvo been derived from whkck, snliiry, dividends or Interest. Nolo the kind of Income well. It will be cxpliiinvd hiler In this series. Doductioni Note this, too: If your deduc tions for 1045 such us mcdlcul expenses, chnrltublo contribu tions, und so on were more thnn 10 per cent of your In come don't uso form W-2. you'll lose money. Use form 1040. Answer u few simple questions on tho form W-2 receipt, send It to your Internnl revenue collec tor, nnd bo sure you don't send any money with It. llu'll check It. If you still owe him uny tax, he'll notify you nnd then you pay him. If you've been taxed too much, he'll send you n refund. In checklist your lux, he'll look it up In u speclnl tabic showing what your tax Is If your Incomo Is under $3000. Use Table (Actually, he'll use the table on tho back of form 1040 to check your W-2 return. You enn pot one of those forms and check It yourself If you want to be sure you've boon tuxed rlht.) Now tnko tho 1040 short-form. (Form 1040 has four panes. Used one way It Is the short form. Used another wny, It Is he long-form.) Using 1040 as a short-form, you generally deal only with the first page. There you write some facts and figures about yourself uch as name, number of do-. STendents nnd tho wnges, salary ( or other Income you had In 1948. When you do that, look at the table on tho buck to find your tax. It shows the tax on Income up to $5000. This . saves you from figuring It out. The short-form enn be used by anyone with Income under Friendly Helpfulness To Erery Creed and Puna Word's Klamath Funeral Home Marguerite M. Ward and Sons 825 High Phone 3334 $5000 from any source That pliraso from any source Is im portant. Example For cxumple: A doctor or a lawyer puld in fees or a landlord living off rents can use tho 1040 short-form If his incomo Is under $5000. But such u person cannot uso form W-2 which is only for peo ple puld In wages or salary from which tux was regulurly with hold. Kemombor this, too: People using form W-2 or tho 1040 sliurt-form don't list deduc tions, such ns for mcdlcul ex penses or union dues. Tho reu son: For people using those forms u deduction of 10 per cent al ready has been figured out in tho table used with form W-2 or tho 1040 short-term which shows how much tux they owe. Don't use form W-2 or the 1040 short-form If you have de ductions of mora than 10 per cent. Use tho 1040 long-form. There you'll havo to Itemize the deductions but you'll gel credit for them. Now lake tho 1040 long-form: You have lo uso this and figure your own tax If your Income was $5000 or over, whether from wages or any other source. This long ' form Is tho only one on which you havo to figure your own tux, The tnble won't help. Flat Deduction If you hnvc to uso this form, nke n flat minimum deduction of $500 for expenses, even thoui.'h those expenses were far less than $500, You tnke that minimum deduction whether your income was $5000 or $50, 000. And you don't hnvo to Itemize your deductions when you clnlm Unit flat $500. Just toko $500 of your Income. If your nrlual expenses were moro than $500. you can claim ns much as those expenses were. Farmers Asked To Plant Cover Crops TULELAKE. Feb. 10 Farm ers in the Tulclukc bnsin hnvc been asked by the Triple A to plant cover crops In this area to hold land if they are to receive benefits offered by the organi zation. Farmer reaction to the program Is only lukewarm here since there -Is little need for government appropriation for soil conservation practices that the Triple A advocates. Siskiyou county gels an ap propriation of S0R. 000 which goes largely into tho Surprise Valley district a grazing aren south of here. Modoc county gets $70,000. Farmers met last weekend to talk over payment practices for such money ns is used here. Dan Crawford Is community com mitteeman for this area. Stromberg-Carlton Radiol. Derby's Muilc Co. Mothers Fete Boy Scouts MAL1N, Feb. 1!)T-By Scouts In commemoration of Boy Scout week wero feted by their moth ers ut (i politick supper In the high school February 13 when Hobert Lumolt,. Modoc council executive wus present to tulk to the boys, their purcnts nnd other guests on scouting. I'luces were marked at long tables for 125 guests. A patriotic theme was carried out in the table appoint ments and other decorations. Gury Price, locul Scout leader wns toustmnstcr nnd almost all of the troops' 27 members were present. Lnmott presented u motion pic ture film on forestry, ouch pu trol demonstrated rope tying, first uld, firo building or somo other craft und boys who are in the high school bund pluycd threo numbers. Mrs, Lnmott accompanied her husband here for the evening und Mr, und Mrs. A. E, Street were ulso guests. Bly Residents Protest Bill Residents of tho Bly area have sent a petition carrying around MOO names to Senutor Wayne Morse (H-Ore.) In protest of sen ate bill No. 1078. This measure wns Introduced In tho senate by Senator Albert W. Hawks of New Jersey and says: "Every firearm In tho United States (rifle, shotgun, pistol, or what not) manufactured after 1000 and of greater than .25 cal. bore is lo be reported by its owner with the federal bureau of investigation. , Any person fail ing to comply is liable to a $2000 fine or imprisonment for one year, or both." Stromberg Carlson Radios. Derby's Music Co. Vets Advisory Committee Talks Leasing Of Lands The veterans agricultural ad visory committee met last Friduy with Lee McMullcn, chairman, in the county agent's office. Other -organization represent ed ut the meeting were Klnmnth Irrigation district, farm security administration, American Le gion, veterans administration. U. S. bureau of reclamation and tho county court. Leasing of lands on Lower French Seeks Speaker Berth SALEM, Feb. II) !') Stale Hen. Giles L. French, Moro re publican who represents Gilllnm, Morrow, Sherman and Wheeler counties, wns In the race today for speaker of the stale house of representatives. French, a veteran who heads the house revenue and taxation committee, Is tho first man In the speakership race. He filed for reelection yestcrduy. Legion Delegates On Way To Capitol PORTLAND, Feb. 10 (Pj Oregon Americun Legion dele gates to the nutionul convention ure en route to Washington D. C, where the convention opens Wednesday. Clyde Todd, McMlnnvllle; Ray H. Bassctt, Salem, and Dr. Charles H. Beaumont, Portland, will nttend rehubililution ses sions. John Cnrson, Portlnnd, will Join employment officers' conferences and Tom Stoughton, Portland, the executive sessions In finance affnirs. r6t a I tN lomH DIONNE 'QUINTS' always use It belt proof M'i GREAT for COLDS To Promptly RtJitve Caught and Aching Muscles of Chtit Coldtt A wlno mother will certainly buy MunUTolft for her child. All thru tho yonrit Muntrrnln is nlwayn uwd when ever tho Quintuplotn cutch cold. Juat rub Munteroli) on throat, cheit and back. It inttnntly bftdnn to relieve couichiniE nd ncliing tnuitcTpn. It actually hfOiin break up painful local congPiiUnTi. Makmi ItroatbiitK aier. Wonderful for irown-upn, tool In 3 strength. mmm KLAMATH'S LARGEST STOCK of Men's Quality LUGGAGE Has Just Arrived TWO SUITERS OVERNIGHTERS FORTNIGHTERS fa They arc all here in quantities. See them today. -Sine 111 BREW'SJ MANST0RE 731 Main St NOW OPEN! Farmers Sand & Gravel Pit 2 Miles Wot t of Merrill Persons Wanting Gravel Phone 7659 Gravel Pit Now Operated by James Barnes World War 2 Veteran Klutnuth lake wus discussed and u special committee was appoint ed to meet with bureau officials. The committee included Lee Mc Mullcn, Hal Ok-ic, K. M. Ham mond and C, A. Henderson. It was decided to send, letters to all farm operators to deter mine what opportunities there arc for veterans employment on farms, for leasing or purchasing lurid and olncr matters Ol im portance-to veterans. It was decided to select repre sentative farmers .In all districts of the county to act in an ad visory capacity to veterans wish ing information on farming opcr. ations in each particular district. The agricultural advisory com mittee will refer veterans to the particular representative for the miormution nc acsires. "Tooth birthday COOS BAY, Feb. 19 (TP) Peter Johnson, a long time CO' qullle resident, now living here, will observe his 100th birthday anniversary Friday. Members of the family plan a party in his honor. Moose Lodge Initiates 57 A class of 57 candidates was initiated into the first degree and 27 Into the Legion of the Moose or the second degree, at Eugene February 15 and 16 and an association was formed of the three Moose legions in the state with election of officers, Norman Ncuman of Eugene was named president, Ray Van Meter of Malln, vice president; Tuesday, Feb. 19. 1946 HERALD AND NEWS NINE f C. Banfield, Portland, prelate; Tobe Watkins, Corvallls, secretary-treasurer; Earl Wood, Bend, scrgeant-at-arms; J. Hedine of Salem, inner guard; R. Bjork of Astoria, outer guard, with Re gional Director N. R. Smith of Seattle installing officer. A bowling association was also formed nnd among the di rectors named were E. W. Tom tin of Klamath Falls and George Hobbs of Merrill. The first tournament will bo held in Spokane next November. The Eugene meeting was well attended with Fannie May Thompson, recorder for tha women's chapter, and W. C. Hooper, secretary of the Klam ath Mooso lodge, present from here and Ray Van Motor and James Bradshaw representing tho Merrill lodge. 1 USE 666 Cold Preparations Liquid. Tablets. Salve. Noie Drops. Cautloai Use only as directed. rx El Paul O. Landry thil question: "We are in the wholesale business and a great num ber of our accounts are handled on a credit basis. Our -financial condition would not permit us to stand any severe credit losses. Can we get credit insurance which will pro tect us from unusual losies of this kind?" For information on any Insurance problem, consult THE LANDRY CO. 419 Main St. Ph. 56i2 Serving Klamath 20 Years The Courthouse Is Now One Block Down Tha Street From Our Office. 0(r AHEAD in its thrilling air-curve beauty! OUT AHEAD in brilliance of performance! OUT AHEAD in all around economy! Best looking new car in the lowest price field, the new Skyway Style Studebaker Champion is beautifully finished, richly appointed. A real champion in low cost mileage. Come in and see it now. ODELL MOTOR CO. 734 Klamath Ave. Telephone 4149 Go where you pi TODAY! You can take that trip by Greyhound 1 f J Yes, Indeed! You can get there ... nnd buck... by Greyhound. And entirely at your own convenience. Numerous, well-timed departures are in effect right now. This dependable, low-cost travel service is yours today, when you need it most, with even more frequent service as new buses are available. Go Greyhound and get there! Agent, J. K. Sayre 904 Klamath Ave. Phone 5521 Example 4 Trips Daily To San Francisco 8:10 A. M. 12:11 P. M. 6:10 P. M. 11:10 P. M. Only 5.15 (S U E Y H HH KI .si SERVING YOUR COMMUNITY WITH FREQUENT, DEPENDABLE TRANSPORTATION A Message on behalf of our Retailers ; TOURING the war years it was imperative for us to ration Sicks Select Beer to our retailers because of our firm policy to maintain the unvarying high quality of our product. Even now, with the return of peace, rationing must be continued until our plant expansion program will enable us to meet the tremendous demand with quality unimpaired. Through this trying period the cooperation of our. dealers has been, and is, so generous that we )vish to make public acknowledgment of it. The fact that Sicks' Select Beer is rationed requires a sacrifice on the part of your dealer and may mean that he cannot always immediately supply you. If this should ever occur, we ask your patience on his behalf as his stock will be regularly replenished. You may be sure it is always his desire, and ours, to serve you with as fine a Beer as it is possible to brew. Sicks' Brewing Co. Salem, Oregon ;. It
