HERALD AND NEWS, KLAMATH FALLS, OREGON
PAGE THREE
Income Tax Tips
Research costs.
Safe deposit box rent. Safety
equipment. Sales expense. Sales
taxes. Salaries. Scrapped or aban
on your employe's wages. Stamp
Traveling costs.
Unemployment insurance on
your employe's wages. L'nilorms,
required by your job and not adap
table to street wear. Union assess
ments for out-of-work benefits. Un
ion dues and initiation fees. Up
keep. ,
This is not intended to be a
full and complete list of all the
costs and expenses deductible in
the production of taxable income.
It is only intended to give you a
general idea. Almost anything that
you spend is deductible if it is
spent in the production of taxable
income.
Before taking any of these de
ductions, please be sure to refer
to the instructions for exactly how
to do it. Consultation with your
public accountant will help' clari
fy complex problems arising from
deductions.
taxes. State taxes, stationery.
Storage costs. Storm damage. Sub
scriptions. Supplies.
Taxes. Taxi fares. Telegrams.
Telephone. Tools. Transportation.
Editor'! Note: Tax savines dos
age. Publicity costs.
doned assets. Securities, costs of
iibiliUes that are easy to over
look are treated in this article
prepared by the tax information
committee of the Oregon Associ
Real estate taxes. Rent. Repairs.
dealing in. Social Security taxes
ation 01 ruoiic Accountants, in
cooperation with the National So
WEDNESDAY, FEBRUARY 19, 1958
ciety of Public Accountants, and
presented as a reader service.
Don't cheat yourself on deduc
tions. But don't take any deductions to
which you are not entitled.
Those are bits of tax advice
which may on one hand provide i
suDstanuai tax saving and may
on the other hand prevent a
penalty assessment.
Deductions are classified as non
business or business.
The nonbusiness ones are taken
on' Page 2 of form 1040 when
you itemize deductions. The busi
ness deductions are listed on
schedule C of form 1040 the busi
ness schedule; or on schedule G
of form 1040 the rent and roy
alty scneauie.
1 Listed here are few of the items
that are easily overlooked although
they are fully deductible in many
cases: I
Abandoned property. Health and
accident insurance premiums. Ac
countant's fee. Advertising. Ali
mony. Allowances to customers,
bond premiums, etc. Appraisal
costs. Attorney's fees.
Automobile expenses or the pro
rata share of automobile expen
ses incurred directly in the pro
duction of taxable income. Not
commuting or traveling from home
to place ot employment. Be sure
to include all automobile expen
ses, such as gasoline, oil, tires.
parking, garages, including the pro
portionate share of rent or deprec
iation on the home garage, main
tenance, repairs, depreciation, in
surance. Casualty damage in ex
cess of insurance, but not in ex
cess of the cost of the automo
bile. License fees, sales taxes, in
terest and finance charges (where
shown separately).
Back pay. cost of collecting, Bad
debts. Bank charges. Board and
room furnished employes. Bond
costs, business. Bonds, worthless.
Bonus paid. Breeding fees. Brok
erage costs. Business costs and
The
Welcome Wagon
Hostess
Will Knock on Your Door
with Gifts & Greetings
from Friendly Business,
Neighbors and Your
Civic and Social
Welfare Leaders
On the occasion of:
The Birth of a Baby
Engagement
Announcements
Arrival of Newcomers to
Klamath Falls
Phone TU 4-6185
N cost f oblifatiMil
DO Groat, sales under one root
.i-,ifcA5,a
mm
SOFA BY DAY! BED BY WIGHT!
Carrying charge, up to six per!
cent. Child care. Christmas pres
ents to customers and employes.
Claims paid. Cleaning and laun
dering of uniforms and work cloth
ing if they are required by cus-',
torn, usage, or your employer, and J I
are not adapted to general wear.
Collection costs. Commissions!
paid. Contributions, conventions,
cost of attending your trade. Cus
todian s fees.
Damages you paid. Delivery. De
pletion. Depreciation. Discounts al
lowed. Drivers license fees. Dues.
Employment agency fee. Enter
tainment costs, but not for your
self or family. Estate tax where'
paid on income. Estates, costs of.
Experimental costs. Fees paid.
flowers. Freight.
Gambling losses equal to fum
bling gains only. Gasoline tax,
state. Heat. Home expenses, busi
ness share. Income tax, state. In-'
surance premiums on your busi
ness insurance (not life). Interest.
Involuntary conversion losses. In
vestor's costs. Janitor service.
Labor costs. Land clearing, for!
current crop. Library costs or de-
peciation. License fees. Light. Liv-1
ing cost away from home. Losses. I
Magazines. Maintenance. Mater-,
ials. Medical expenses. Messen-i
ger service. Moving costs. Net op-1
rating loss. Office costs.
Painting. Parking costs. Pat
ents, depreciation. Pensions paid.
Postage. . Power. Property dam-
Rainbow Girls
Honor Fathers
TULELAKE Fathers of mem
bers of the Tulelake Assembly, Or
der of the Rainbow far Girls, were
honored at a 6:30 p.m. dad-daugh
ter banquet in the Masonic Temple
on February 13. Places were
marked for 80 youqg hostesses and
guests. Also guests were Mrs. V.
Reinmiller, mother adviser: Mr.
Reinmiller and members of the
board of directors.
The tables and hall were decor
ated in gay red valentines. The
four classes of the Tulelake High
School sponsored skit numbers with
top place going to the freshmen.
Dale Bowen. worthy adviser, was
toastmistrcss.
Modern Sturdy Frame Matching
Arm and Back and Spring Chair
Styling Construction Available
Reg. $119.95 Sofabed
Choose from a wide range of colors in heavy .lac
guard Frieze Upholstery. Sturdy construction mod
ern styled arms and back. Reg. $49.95 matching
chair available for only $34.08. Buy both pieces '
for extra savings. ONLY $134.76. Set not exactly
as pictured.
(o) r?T)88
V V
$5.00
Down
-'J IKS!
.JSppaL LAMP SHADE SBl
IfeTI 2.88 ,mM
Gleaming Chrome-Plated
Steel for Lasting Beauty
Modern
Dinette
Reg. 59.95
Melamine plastic top
Now at extra savings
5.00
Down
Designed tor today s living,
carefree clastic table top is
heat, stain and scratch resist
ant. Four matching chairs
have comfortable padding and
curved backs. Mother of pearl
pattern in four colors.
Modern design 2-tier opaque
shade. Adds distinction to any
room.
SAVE $4.07!
Ready-To-Paint
CHEST
Regular 21.95
5-Drowcr
$1788
Charge It
Sanded, ready to finish.
Save Now!
HUGE SAVINGS on SLIP COVE
daveno-bed slip covers
usually 19.98
Q8
Chorge It
en SRC
CHAIR & DAVENO
Covers
Choir 13.88
Sofa 26.88
Wing Chair 8.88
It's almost magical the way these
well-fitting covers beautify worn sofa
beds. And they need not be removed
to open the bed. In print or woven
patterns. Cord welted seams and neat
tailoring.
"SaZotySzctfa pucmrtZkdoT, yom money Jac $fj$
II t 0l Hn W II
II UrUh: II
SAVE $87.00!
Loop Pile rzn0-
Tweed HH
Reg. $10.70 Sq. Yd
Bel hp with brown mm'
Brown with qu f
II lark nd while I I
Mint gmn 1 Sq. Yd.
II or U ft. widths.
FREE INSTALLATION IN YOUR HOME
SAVE '128.00!
All Wool
Carpeting
24
Reg. $13.39 Sq Yd.
Gray Mors I
Tostnroi, belts
Gray teilurs
t or I'M, widths
FREE INSTALLATION IN YOUR HOME
Sq. Yd.
CHECK THESE ROOM-SIZE SAVINGS - ON SALE NOW!
SIZE REG. SALE SAVE SHE KEfl. SALE SAVE
9'xTo' 107 .00 79.90 27-10 " IJS-7, ,0,-6i P
9 x1 3' 139J0 103.89 35.23 ' 9vxM' " S.s6 "9.36 J6.24
9 .18' 192.60 143.82 48 78 'J9' ?'i?5 7J!"
12xl2' 171.20 128.84 43.36 iVxlf "194.32 I3S.J2 57.80
12.15' 214.00 159.80 55.20 12. 16' 282.66 197.12 85.54 ,
WIDE -WIDE DRAPERY SALE
SAVE
If
UP
TO
15
10
mm m
mmumm
-1 M J
4 t&kSl
' l p "r 'tr v r ,
ia - at.u km-,. -i hi vskl - 'sfer ?wivBm a jhv tzisns ii 13 - t
TIER CURTAINS B Reg. 34.98 Tl (083
I Dacron (R) with polished M8x84-in. I I I
corron trim. Foro, Desj,n II I I
ttnool U ZS
35x30" , J II OO
36x35 HWW
Charge It
on SRC
84x78" Reg. 13.98. NOW .... 9.83
100x84" Reg. 17.98. NOW 14.88
148x84" Reg. 28.98. NOW 23.88
133 So. Eighth SHOP FRIDAY
Phone TU 2-4481 'til 9 P.M.