Herald and news. (Klamath Falls, Or.) 1942-current, January 14, 1959, Image 9

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Herald and news., January 14, 1959, Page 9, Image 9

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Newspaper Page TextWEDNESDAY. JANUARY 14. 1959 Your Annual Income Tax Primer HERALD AND NEWS. KLAMATH FALLS. OREGON By RICHARD A. MULLENS rmcn for NEA Service What part of. the tax return gives taxpayers the most trouble? Studies by the Internal Revenue Service indicate that taxpayers have more problems and make more mistakes in claiming exemp tions than with any other portion of the return. Perhaps one of the reasons for this is that every taxpayer, regard less of the amount of his income or the tax form used, is entitled to claim at least one exemption, and most taxpayers are entitled to claim more. There are three classes of ex emptions, each with its own spe cial rules. These are set out on pases 4 and S of the oflicial instructions for Form 1040 and a condensed ver sion is printed in the instructions for Form 1040A. Many taxpayers, however, want additional information on exemp tions. Here it is. Suppose your wife worked for a short time in 1:158 and earned $500, from which $50 tax was withheld. She could file a separate return and get hack the $50 tax that had neen wiinnem,. out, if she did, you coma not tile a joint return with her nor could you claim her as an exemption on your separate return. To save taxes, you should file a joint return. Her income has to be included with yours, but you get a $600 exemption for her tmore if she is 65 or blind) so it's cheaper man iiiing separate returns. Don't overlook the extra exemp tion granted taxpayers who are 65 or over. If your 65th birthday was on or belore Jan. 1, 1959, you are entitled to the old-age exemp tion for all of 1958. You are entitled to one exemp tion for each child (including a rlepchild, or legally adopted child), if during 1958, that child: 1. Received less than $600 gross income. However, this limitation does not apply if your child was under 19 or a student. In cilher of these cases, it doesn't matter how much income the child had. He or she can be claimed as your exemption if the following three tests are met. , Received more than half of his or her support from you lor from your wife if a joint return is filed). The next article of the Prim er will explain how to tell when you have furnished over half the support of a dependent. 3. If mnrricd. did not file a joint return with her husband or his wife. 4. Was either a citizen or resi dent of the United States or a' resi dent of Canada, Mexico, the Re public of Panama or the Canal Zone: or was an alien child adopt ed by and living with a United States citizen abroad. An adopted child must be legally adopted tin other words, a court Senator Raps Goldwafer WASHINGTON (AP)-Sen. John Sherman Cooper (R-Ky) said to day Republicans will be laying themselves open to charges they are antilabor if they name Sen. Barry Goldwater (R-Ariz) as their campaign 'Chairman. Cooper, who was the unsuc cessful candidate of Senate Re publican liberals for floor leader, said he has no objection to a pro posal that GOP members running in I960 pick the campaign director. The Kentucky senator made it clear, however, that he regards Goldwater as the likely choice of the I960 class if this proposal is approved. The Conference of all GOP Senators was called into ses sion today to consider the matter. "Sen. Goldwater is a good man and his views are honestly held, Cooper said. "But if he is selected as head of the campaign commit tee it will give the Democrats a chance to label the Republicans as antilabor in 1960. I think that would be unfortunate." Goldwater, who was reelected last November, has campaigned aggressively against the use of compulsory union dues for politi cal purposes. Cooper said the liberal group he represents may offer a candidate to oppose Goldwater. He said there had been some talk of Sen. Hugh Scott (R-Pa), former Re publican national chairman, in this connection. sfiO of this amount withheld for Federal income tax. You supported him during 1958. Is he required to lile a tax return? 1 1 A. Yes. t) B. No. but if he does file a return to get back the $60 tax with held, you cannot claim him as an exemption. ( ) C. No, but he should file a re turn to get back the $60 tax with held and you can still daily him r.s an exemption. 2. Your wife had her 65th birth day on Jan. 1, l'.i58. What year is .-he first entitled to an extra exemp lion for being 65? I) A. 1958. (I B. 1959. 3. Your 20-year-old daughter earned $750 last summer. You pro vided over half of her support. Check the one condition which will permit you to claim her as a dependent. t) A. She must not have been married in 1958. O B. She must have been a stu dent in each of five calendar months during 1958. I) (.. She must have learned how to cook during 1958. Correct Answers: 1 is C; 2 is A; is B. decree must be entered) in order to count as your child for exemp tion purposes. Some states provide for an interlocutory adoption de cree, which is really a temporary court decree pending a subsequent imal decree. In such a case, the child is considered legally adopt ed wnen the interlocutory decree is entered. Suppose your 20-year-old son at tended college last year and earned $700 during the summer vacation. You can slill claim him as an ex emption if you furnished over half of his support and he met the third and fourth conditions above. He must, however, file his own return since his income was over $6O0. TAX QUIZ ON EXEMPTIONS Check what you think is the cor rect answer and then compare with the answer chart below: 1. Your 15-year-old son worked in a grocery store during the summer of 1958. He earned $375 but had EMPLOYES HONORED MOUNT SHASTA The Ralph L. Smith Lumber Company honored all company employes of their Mount Shasta Division at a ban quet Monday evening, January 12, in tne Hotel Piedmont dimne room. This banquet was given the em ployes in recognition of their out standing record of no lost time during the past year through ac cidental injuries. Such losses, a company spokesman stated, result in higher insurance rates as well as loss of wages and ansuish from hurts. The Mount Shasta Division of the Smith -Company has a fine recora in mis line over several years span. PAGE NINE Heart Disease Prevention May No Longer Be Fantasy NEW YORK (UPD - A noted expert on the heart believes medi cal knowledge and know-how now have advanced so far "it has be come evident that the ultimate goal of preventing all forms of heart disease is far from an idle dream." That being so. Dr. A. Carlton Krnslene of Cleveland was sur prised and disturbed because "lit tle attention has been paid to one fundamentally important feature of cardiologic practice." which is to tell the person with any kind of heart trouble, real or imagined, the works. In medical school, it is not im pressed on the student that he can help the patient by telling him all; nor is it properly impressed upon him while he is a hospital interne and resident. He has to be a practicing doctor for several years before he "fully appreciates" what telling can do. "Attention to details may gain years of comfortable and produc tive life, and whether or not a per son cooperates to the extent re quired usually depends on whether or not he understands the need for the measures advised by the doc tor," Ernstcne said. He pointed to angina pectoris caused by a hardening of heart arteries. The victim must adjust his "habits, activities, and emotion al situations" so as to prevent the painful attacks. But how can he, if he isn't given a clear idea of all the whys and wheres? Then there is acute myocardial infarction, the kind of heart at-' tack the layman means when he uses the term, the kind President Eisenhower had. It "rarely occurs at a time convenient for the pa tient," Ernstene said. "After the pain and other symptoms have been controlled, the physician of ten finds that he is dealing with a person who is not only frightened and bewildered but also depressed and resentful." The thing for the doctor to do is to explain everything in detail: to tell the man that he may begin feeling better in a few days than he has felt for a long time. But it won't mean he's not in for a long rest. Give him an estimate of how long the rest will be and when he can get back to his job. Tell all this and you often have "a remark ably changed patient." In another form of heart trou ble, recurrences most often are due to the failure of the patient to keep salt out of his diet. But when he is told what salt has to do with water retention in the body, there usually are no more relapses. 1 "Anxiety, insecurity, emotional1 tension and fatigue often are re sponsible for symptoms that cause the patient concern about his heart." he said in taking up heart troubles which are imagined rath er than real. These people must be given "a positive explanation of the discom-j fort. A statement that there is no heart disease without further elab oration leaves many questions un answered in the patient's mind and seldom convinces him of the harm lcs.sness of his symptoms." P'.AYSKOO". KINDERGARTEN 3849 Summer LaM Rat rm ftr wr rcllmcnu. Call Mri. Mrl J irk- TU 4-9942 i--------------------- !! N. J. Rosenbaum j jj INCOME TAX j I I o,-, ! wimmeae Diaa. ; mi walnut st. ; I i Ph. TU 4-5903 or TU 4-5863 j In Klamath Falls Since '46 H'MH-H-m i& JANUARY STOREWIDE 525 Main NOW IN PROGRESS SUITS COATS DRESSES LINGERIE SHOES CHILDREN'S KITCHEN CABINETS Four Top Brands Empress . . . 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