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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Dec. 8, 1954)
WEDNESDAY, DECEMBER 8, 1954 IIERAI.T) AND NEWS, KLAMATH FALLS, OREGON PAGE NINE Benefits From Tax Law Told Oregon farmers will likely bene, it in several ways from revisions of Income tax laws made by Con gress during 1954, says Manning Becker, extension farm inanagc ' ment specialist at Oregon State College. Included in the many changes that should help ease the strain for the farmer are tax rates aooui j Scouts Work On Woods Project CRESCENT Nine Boy Scouts and two leaders turned out for a conservation project six miles j south of Gilchrist Saturday. Under the supervision of Walt Thompson, Eagle Scout now with the Forest Service at Crescent, the boys pruned and thinned in a stand of Ponderosa pine. ' Following a short talk by Thomp ' son in which he explained the val i ues of timber stand improvement work, the boys turned to, and with , pruning saws and axes, improved . growing conditions on aoout two acres. It is planned to have sev- eral similar projects in the com- . ing months. Those participating were Steve Bates, Charles Orant, Mike Hazel- wood, Donovan Hitt, Ronnie and Jimmy Larson, Jimmv Sample, ' and leaders Wad Thompson and' ' Tom Greathouse. Oreathouse Is a district ranger at Crescent. . The boys are members of Troop 35 in the Modoc Area (Klamath : falls) council. 10 per cent lower than 1953, ann i extensions on deadlines lor filing final returns. The dale for tax es timates is still January 15, but if the final return is fi'ed by Feb ruary 15, no estimate will be re quired. If farmers lile an estimale by January 15, they have until April 15 to file their final return. Another important change con cerns how expenses for soil and nater conservation can be handled. The farmer is now allowed, for taxable years beginning after De cember 31, 1953, to elr.cl either to capitalize or currently deduct these expenses. Howevri , once he choice has been made, it is bind ing for future years, Becker warns. Such expenses can be charged off as current operatu.g expenses up to 25 per cent of the farmer's gross income from farming during the current taxable year. Any cost above 25 per cent may be deduct ed in the following years but riot over 25 per cent oi the gross in any year. Further revision of the tax al lows farmers a faster "write-off' on equipment and farm improve ments, the specialist added. Tulelake Xmas Part Planned TULELAKE A 30-foot fir was cut by members of the 20-30 Club Sunday, December 5 and will be set up at the corner of C and Main Streets for the big annual children's Christmas party spon sored by the club. Date for the party has not been set. The tree will be put up and lighted by the California-Oregon Power Company. Tentative , plans are for Santa Claus to ride into town witb treats lor an expected 500 young guest?. Don Phillips, coach at the Tule lake High School is chairman. French Ask Big Four Meet that it they are interested, prepar-jbe carried on through normal dip- ants said. There was no lmmedl ations for such a meeting should . lomatic channels, the Paris inform-1 ute report oh the Russian reaotion PARIS 11 With Biitiih and American consent, France has ap proached the Soviet Union on the possibility of a four-power confer ence on the German problem next year. Flench official sources said Tuesday that, under uistruclions from Premier Pierre Mendes France, the French embassy in Moscow last week delivered to the Kremlin a copy of the premier's United Nations speech Nov, 1 and called Soviet attention to passages in which he spoke of a possible meetmg with the Russians next 1 May after ratification of the Paris accords for West German rearmament. The embassy told the Russians No! Insurance Is not a side line with the Hans Norland Insurance Arency. 627 Pine St.i i 'Animals Prefer i Warmer Water Animals prefer water which Is around 45 degrees or warmer. This is particularly important to dairy men and poultrymen since produc tion falls off If animals don't drink plenty of water, according to the county agent's office. Heater water is desirable in areas having freezing tempera tures. There are a large numoer of electric tank heaters available which ate relatively inexpensive, ana the electric power cost is small compared to the possible returns. Musicale To Be Heard Thursday A musicale will be presented at Peace Memorial Presbyterian Church, Thursday evening at 8 o'clock by the Rev. and Mrs. D. L. Proett. Mrs. Proett will do interpretive readings and her husband will play original descriptive music. This recital is sponsored by the Womens Association of the church. The publio is welcome. People Do Read SPOT ADS -you are! For the finest in TV We service all makes Radio and Television 401 So. 6th Ph. 6920 I FOKMUUTtO ConUini mtdiciRy provtd Ingr& nts, chick craving for iobecto. Oil iotv loitngt in mouth whtn 4tJrt for iobiceo occurs. 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