, 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