Herald and news. (Klamath Falls, Or.) 1942-current, January 26, 1961, Page 5, Image 5

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    i
They'll Do It Every Time By Jimmy Hatlo
N' I Zl'LLTAKB ") ONE OP TWEM A SHOVEL AND V-SSSS1
EWT.TWE fV scoops 'E.lP;
HARDWARE , JT VCS5IfZLiTlfdVv
MAM, DOES A VVCVS Vl NEWT- JmeN!! jHI ,
MOW'S
HIS OWN SIDE
WALK? WELL,
HE'S SO BUSV
HE WASN'T
COT TIME TO
CLEAN IT--
THE HXTIO HAT
io WILLIAM P.
KERRIGAN.
32SlV.ClUMPtOSTO)
FOURTH IN SERIES . . .
Secret To Trimming Your Tax
Is In Knowing All Deductions
Editor's Note: This is the fourth
of five dispatches on how to file
your income tax without paying
more than required to. Today's
dispatch covers allowable deduc
tions. - By EDWARD COWAN
WASHINGTON tUPP-Tho se
cret to trimming yourfcderal in
come tax is knowing what de
ductions you can take.
you are claiming all the deduc
tions you are allowed is to pay
close attention to what is deduc
tible and to review your 1960 ex
penditures. (Sume people keep a
running account all year rather
than risk forgetting something at
tax tiling time.)
Tree Sale
Program
To Be Given
HERALD AND NEWS, Klnmalh Falls, Ore.
Thursday, Jauuary 26, 1961
PAGE 5-A
(We'll discuss what is deductible
in a few paragraphs.) Then put
the list away for a few days
out of sight but not out of mind.
See if you recall any other deduc
tible expenditures you had.
When you have jolted down all
the individual deductions you can
three elect to claim the standard
deduction of 10 per cent of cross
me government allows' you to income. As a rule, the way to dc
sublract from your income forleide which is best for you is to
tax purposes expenditures of i figure out with a pencil and pa-
une taxpayer in tnree takes' think nf iml thPm im and if
itemized deductions. Two out of the sum exceeds 10 ner cent of
many kinds. There is no single
formula covering what is deduc
tible, although there are several
general categories of deductible
expenses.
per whether your itemized deduc
tions would exceed 10 per cent of
your income.
Sit down with your records and
checkbook stubs and list every-
So, the best way to make surd thing you believe tax deductible.
BASIN BRIEFS
BONANZA their first granddaughter born to
MARCH OF DIMES fund will! Mr. and Mrs. Ronald Chance on
be sent to the Sacred Heart Hos
pital in Eugene in the name of
Patrick Hughes, son of Mr. and
Mrs. Dean Hughes of Bonanza.
Anyone wishing to donate to the
March of Dimes may leave mon
ey with Mrs. John Brown, Mrs.
J. E. Baldock or Lorella Store
before Jan. 29.
CHII.OQL1N
DRIVERS LICENSE EXAMIN
ER will be on duty in Chiloquin
Thursday. Jan. 26, at the city
hall between the hours of 9 a.m.
and 4 p.m.
SUMMER LAKE
MR. AND MRS. GUY FOSTER
attended the golden wedding cele
bration of his brother-in-law and
sister, Mr. and Mrs. Carl Ewing,
in Portland Jan. 29.
MR. AND MRS. BOB PEN1NG
TON are the proud parents of a
son, Laurence Robert, born Jan.
18 at Albuquerque, N.M. Mr. and
Mrs. Jess Penington are the
grandparents.
MR. AND MRS. DEAN CAN
NON and family recently visited
Mr. and Mrs. Lee Verley in Adel.
MERILEE PIKE of Paisley was
a weekend guest of Linda Pening
ton. MR. AND MRS. H. C. HARRIS
attended the meeting of Klamath
Production Association in Klam
ath Falls Saturday.
BILL SMITH, Darwin Mosier
and Delmar Hand and their fam
ilies recently hunted arrowheads
in Warner Valley.
SANDRA BRANCH, graduate of
the Lniversity of Oregon School
of Nursing, spent last weekend
with her parents. Mr. and Mrs.
John Branch, Paisley.
MR. AND MRS. JIM CHANCE
have received word of the birlh of
your income. If H does not, you
probably would be wiser to take
per cent. Otherwise, itemize your
deductions.
If you itemize, you must use
Form 1040 or Form 1040W. You
may- not use Form 1040A, the
punch card popularly called the
"short form." There is a $1,000
limit on standard deductions.
In filing a joint return you can
deduct the eligible expenses of
both husband and wife. You may
not include expenses of your de
pendents which they paid out of
their own funds.
What is Deductible?
Biggest sources of deductions
Jan. 12 in Lincoln. Neb. She has I for most families are interest on
been named Joanne Ruth and!1'0 mortgages and medical
Representatives of Rogue Riv
er, Fremont, Deschutes and Ump
qua national forests and of Bureau
of Land Management offices in
Lakevicw and Mcdford are ex
pected to attend a no-host dinner
meeting for government timber
selling agencies in the Wincma
Hotel here Monday, Jan. 30, be
ginning at 7 p.m.
Cocktails will be available at
6:15 p.m. Dinner will be served
at 7 p.m. and a meeting will follow.
Government representatives will
present their timber sale plans
for the coming year, including
sales in Klamath Indian Reserva
tion lands, being purchased by the
federal government and being add
ed to the national forest system.
Timber sales normally processed
from reservation lands have been
withheld during the past few
years due to termination proceed
ings. , Forest industries in the Klam
ath Basin, which contribute a
substantial portion of the Ba
sin's economy, have suffered con
siderably due to shortage of tim
ber created by withholding the
sustained yield annual cut normal
ly available from Indian lands,
say foresters.
All economic activities of the
Basin will be directly and indirect
ly affected by the sale program
to be announced during the meet
ing. Reservations should be made no
later than noon Monday. The
meeting should begin at about 8.0 ,he ome of Pec 0.Nei near
p.m. inai announcement is iur
H M 'i
c&
J ft 'ck 111 ci
Russian Production Jumps
MOSCOW (UPIi-Soviet Indue-1
trial production increased 10 perl
cent in I960, almost 2 per cent
more than planned, the cabinet
reported today.
The Central Beard of Statistics1
said the nation's gross Industrial
production has grown 22.1 per1
cent rather than the planned 17
per cent, during the first two
years of the current seven-year
plan.
The figures, quoted by the offi
cial news agency Tass, said So
viet planners had counted on an
8.1 per cent increase in industrial
production in 1960.
"All union republics fulfilled the
annual program both with regard
to the gross output and the ma
jority of most important prod,
ucts," Tass said.
Although farm statistics report
ed here recently have been un
usually gloomy, the report said
(lie Soviet Union surpassed the
United States in production of
both butter and milk in 1960. '
It said the U.S.S.R. produced
01.5 million tons of milk and
848.000 tons of butter, compared
w ith American figures of 56.9 mil'
lion tons of milk and 665,000 lonx
of butter.
The report gave these other
figures tor I960 Soviet agricultur
al and industrial output:
The value of industrial prod-
ucts manufactured during the first
two years of the plan surpassed
planned totals by 11.3 billion new
rubles.
THE TOAST OF THE ROCKY POINT area is this fire truck purchased recently bv reti.
k dents and property owners there. The truck and volunteer firemen saved a home
Wednesday morning.
Rocky Point
Firemen Get
First Call
ROCKY POINT-Rocky Point
Community Fire Department vol
unteers rolled on a real fire call
for the first lime Wednesday
shortly after midnight.
Firemen were called at 1 a.m.
"DENNIS THE MENACE"
nished for those who want to hear
plans to be announced, but who
don't care to attend the dinner.
similar
weighed 6 lbs., 1 oz. Her mater
nal grandparents are Mr. and
Mrs. Veil Hcseltine of Bonanza.
MR. AND MRS. WESLEY HAS-
KINS are the parents of a baby
girl, Lori Anne, born Jan. 16 and
weighing 7 lbs., 12 ozs.
MR. AND MRS. LOUIS WITH
ERS made a business trip to
Klamath Falls last week.
FORT ROCK
CLINTON PERRY has enrolled
in Central Oregon College in Bend.
He is a 1959 graduate of Lake
vicw High School.
MALIN
MR. AND MRS. RODNEY
LYON are receiving congratula
tion on the birth of a baby girl,
Michelle Rene, born Jan. 13 and
weighing 6 lbs., 10 ozs.
MR. AND MRS. ELC1E ROB-
payments.
Interest payments: . All kinds
are deductible. To compute install
ment purchase carrying charges,
a kind of interest, follow this
formula: Take the amounts you
owed on the time purchase at the
beginning of each month lastl
year; add these amounts, divide
by 12 and take 6 per cent of
that figure. That is your deduc
tion provided it docs not exceed
the total carrying charge for the
year.
Medical expenses: If you were
under 65 at the end of 1960 you
may deduct medical and dental
expenses which exceed 3 per cent
of your income. If cither you
or your wife was 65 or over be
fore the end of the year, you may
claim all medical expenses in
curred by you bolh.
Pursuant to a 1960 Act of Con
gress, you may also deduct this
year, for the first time all medi
ERTS have returned home after cal expenses of your dependent
spending two months in Arizona parents who were 65 or over by
and California. the end of the year. In a joint
. jrelurn this applies to your wife's
MRS. GERTRUDE JOHNSON parents if they were your de-
is visiting her sister, Mrs. Ed
Godfrey, in Burbank.
NEW PINE CREEK
ELDER GORDON HARRIS, pas
tor of the First Baptist Church,
is conducting a series of evangel
istic meetings in Prineville.
LAIR AND LAYTON GENTRY
have recently purchased a home
from Homer McLain.
JESSE LIGHTLE has been re
leased from the hospital and is
convalescing at home.
MR. AND MRS. JAY HILL
and family of Elder Point, Calif..
have recently moved to Willow all ages.
Ranch. .
pendents and 65 or older. For a
dependent parent under 65 the 3
per cent rule applies.
Deductible medical outlays in
clude payments to physicians,
surgeons, dentists. - optometrists,
qualified psychologists and Chris
tian Science practitioners.
Also deductible are expenses for
hospital bills, nursing, laboratory
services, eye glasses, hearing aids,
artificial limbs, ambulance charg
es and the cost of transportation
to and from a doctor's office or
'hospital.
Payments for drugs and medi
cines may be deducted if Ihey
exceed 1 per cent of your income.
This includes drugs for persons of
MRS. MAIDA SAMPSON w a s
taken to her sister's home in Mcd
ford last week.
You also may deduct payments
for hospital and medical care
plans. But your medical expense
deductions must be reduced by
reimbursements you got from
health insurance or
sources during the year.
Taxes: Most slate and local
laxes directly levied on you may
be deducted. These include state
income, real estate, personal prop
erty and state and local sales
taxes. You may not deduct fed
eral excise, social security or in
come laxes: hunting or dog li
cense fees, water assessments or
auln inspection fees. '
Child care: Costs are ' deduct
ible only if incurred while a moth
cr was working or looking for a
job or by men who are divorced,
widowers or legally separated.
The child must have been under
12. It he or she is the taxpayer's
dependent he need not be a son
or daughter. '
Also eligible is the cost of
care for any other dependent phy
sically or mentally unable to
care for himself.
In all circumstances a child
care deduction may not exceed
$600. You may not deduct pay
ments to baby sitters you hired
so you could go out socially.
Contributions: Deductible if they
go to religious, charitable, educa
tional, scientific or literary organ
izations. However, the organiza
tions must not be operated for
personal profit, not carry on
propaganda nor engage in lobby
ing in Congress or other law
making bodies. Political contribu
tions, whether to parties or in
dividual candidates, may not be
deducted.
In general, a deduction for do
nations may not exceed 20 per
cent of income. But it may go as
high as 30 per cent if the extra
10 per cent covers donations to
churches and certain tax-exempt hind Tuesday.
organizations.
Employe exixMises: If you in
currcd business expenses for your
employer for which you were not
reimbursed, or only partly re
imbursed, the net cost to you
is deductible. To take this de
duction you must do two things:
(11 itemize all expenses you had,
including those for which your
employer paid: '2) include his ad
vances or reimbursements to you
in your income.
Education expenses: You may
deduct education expenses in-
the junction of Rocky Point Road
and Lake of the Woods Highway.
Fire started by an overheated
chimney caused about $200 dam
age to Die roof.
Firemen said the home prob
ably would have been doomed if!
the recently-formed fire depart
ment had not been available for
help.
O'Ncil noticed the fire when he
stepped outside for wood. He
called Ray Biggers. assistant
chief, who called out the volun
tecrs. Nearly 20 responded.
The fire department called the
County Fire Department, with
equipment in Klamath Falls. The
fire was out by the time the coun
ty truck and crew could negotiate
the 30 miles to the scene.
The fire department was organ
ized alter fire destroyed Williams
Country Store here the evening
of Oct. 11. That fire was one, of
several during the previous 18
months in this area that had de
stroyed $100,000 worth of proper
ty, by some estimates.
A call went out for volunteer
firemen and the organization has
about 35. Local property owners
donated enough to acquire a
fire truck that was used on the
fire at the O'Ncil homo.
Organizers of (he department
still are asking for donations
The department needs a small
fire hall and a warning system
to replace the cumbersome and
slow method of alert used at
present.
aii; y 1 1 to' TT
'Winter sure gets ions when Chwswws is over."
Earners Of S600 Or More
Must File Federal Return
Not So Tough
SHIGA KOGEN. Japan AP-
Yujiro Ishihara, 25, Japan's lead
ing movie tough guy, was laid up
with a broken leg today. A girl
skier crashed into him from be-
currcd primarily to maintain or
improve skills required in your
present job, business or profes
sion, or to meet requirements to
keep your present position. The
cxcnse is not deductible if its
primary purpose was to qualify
the taxpayer for a belter job.
higher salary or new type of work
or to tullill his general educa
tional aspirations.
(Next: Payments and deductions
on interest, dividends, sick pay
and taxes.)
Every citizen or resident of the
United States, including minors.
who had a gross income of $600l
or more in iutu, must nie a ica
cral income tax return on or be
fore April 17, 1961, A. G. Erick-
son. district director of the In
ternal Revenue Service reminded
taxpayers today. -
If the taxpayer is 65 or over
on Jan. 1. 1), he is not re
quired to file unless his gross in
come in 1960 was at least $1,200,
Erickson said.
He added that even though a
taxpayer is not required to file
under these rules, he must file
to obtain a refund if any income
tax was withheld from his pay
Erickson said there is one ex
ception to the general rule. Self
employed persons must file an
income tax return and pay a
self-employment tax if net earn
ings from self-employment were
$400 or more.
He explained that self-employed
persons are those carrying on a
trade or business as sole proprie
tors, as members of a partner
ship, or rendering services as in
dependent contractors.
Erickson said the deadline for
filing Is April 17, 1961, but he
urged taxpayers to fijo as soon
after Jan, 1, 1961, as possible
and mail their returns to "Dis
trict Director of Internal Reve
nue lor the district in which they
live. Checks or money orders for
any tax due must accompany the
return and should be made pay-1
able to the "Internal Revenue I
Service," he said.
Taxpayers who have questions
on this subject may obtain Docu
ment No. 5107, "Filing Your Tax
Return," by calling or writing to
their local Internal Hevcntie office,
Mr. Erickson said.
"If you have any oilier ques
tions about your federal income
lax rclurn, telephone your local
Internal Revenue office," he advised.
PEANUT BUTTER ON LIST
WASHINGTON (UPP-The Ag
riculture Department soon will
add peanut butter to the list of
foods donated to needy families.
The department said Wednesday
the step would b taken to com
ply with President Kennedy's di
rective to expand the quantity
and variety of foods in the relict
program.
LONG SLEEVE
Sport Shirts
Good Selection of Colors And Patterns
SIZES: Small, Medium, Large, Extra Large
Values
To
$6.95
$88
Many Other Items On Sale!
825 MAIN
LAVERNE SLUSSER
Frigidaire Saleslady Soys:
"My customers prefer Frigid
oce washers because they foun
der with extra core, bothe
deep di't out without beoting,
and are safe for delicate
fabrics."
A SWEETHEART
OP A PAIR AT
f'i '. If
A SWEETHEART,
OF A PRICE!
EidutWt Automata Sk
iclmive Sumnrwlt
W.ihmi
EiehMire Ftewme Ha
Four
Crete
... 5 Year
Vcrn Owens'
Cascade Home Furnishings
412 Main
Ph. TU 4-8365
TOMORROW,
9:30 A.M.
LAST 4 DAYS
HUNDREDS OF ITEMS
ODD LOTS, SOILED AND
OTHERWISE REPRICED TO
BE SOLD BEFORE FEB. 1.
RUMMAGE TABLES
On All Floors
HURRr.' HURRY!
Excellent Savings!
the success look from
campus to conference
GENTRY'
YOUNG
CAREER
SUITS
The fabrics, weaves, colors are '60's newest . . .
the silhouette is modern as the man who wears it.
Young Career suits are styled with natural shoul
ders, ploin front slacks, the extras you look for.
You'll see rich blends of Dacron polyester. 'n
wool, all wool flannels 'n worsteds. You'll see every
weave from hopsacking' to checks to subtle glen
plaids! .
men's siies regular, short, long
$45
1 1
REMEMBER YOU CAN
CHARGE IT AT PENNSrG