Indianapolis Times, Indianapolis, Marion County, 27 December 1947 — Page 5

"SATURDAY, DEC. 27, 1047 Your Income Tax Primer—No. 5

Cost of Earning Living Can fe Deducted

For Tax Purposes in Specific Cases

Form 1040 Needed To--Make Claim”

This is. one of a series of au-

v.

Business Expenses (Dede tod in Item 2, Page 1)

thoritative, understanda le articles During the year I 41d some traveling for # ene In NEA'S annual Income Tax | | n)oyer away from Sandy Hook, using my own care . Primer, prepared by NEA's recognized authority on Income tax The car cost $1550 in 1045. Depreciation for the problems in consultation with Bu- year, at 204, amounted to $310. I drove 12,542 miles H reau of Internal Revenue experts. on business and 2,398 miles .in personal use, so I have These step-by-step articles show allocated 84% of Joint costs to business use. a he wage Fg tap ye ows 18 State tax on gasoline for personal use is charged 8 o'clock with 5 minimum of effort and 3 separately. For business use 13 is included in the : asoline charged below . n Way : maximum of acouraey. 908% of the gasol g . By 8. BURTON HEATH The following expenses were for business ‘ | ENARY NEA Staff Writer - / WASHINGTON, Dec. 27 — Infor- Depreciation on auto (848) $260.40 ISTIAN mation given in the first three ar-| Sadoli ng ot 4% 313-13 . ticles will be useful in preparing Repairs and tires et) 48.35 and Oxford Form 1040. They tell what income {Garage rent on road 47.00 is and is not taxable; they define Hotel rooms 246,00 [IGHT” marital status and dependency, wl Meals on road ©94.00 terest and dividends. Tips, checking, eté. 66.85 s Prayer” ‘One reason for using Form 1040, Telephone and Telegra 35.80 address the if you are not required to, is that it | Insurance on car (84 7.80 enables you to deduct expenses con-| i i SL 3.00 Thurch nected with earning your living, Moon provided your employer did not re- darkway end Bridge COLYH 2072 pay them. “pot Brpenditures- $1241.63 There are two classes of neces- ‘Reimbursed by employer 780.00 \RENE sary and customary expenses, il chargeable on this form. The fol- ita YW me, net $ 461.68 ert, Pastor lowing can be taken even if you use i — I. . the Tat Tale of {he Standard De-| John Doe ravels for his employer—out of town. He gets & flat M. ticle) : a . | $15-a-week allowance toward expenses. Here he explains, in a schedule Pp, M. . | attached to his Form 1040 return, the $461.63 of net expenses that he is M. Must Be Away From Home | deducting from salary in Item 2, Page 1. (He could not deduct this if 2PM Provided you spent the money pe filed a Withholding Statement. If the traveling were in and around ¢ My while traveling away from home, ganqy Hook he could not charge these items against salary.) Aker. you claim what you actually spent, Doe also spent $153.25 entertaining customers, $12 for trade magaales » without being reimbursed, for— | zines, $8.85 for Christmas gifts to customers, and $60 for a year- ~ ONE! Auwmoblle €Xpelises, ins around garage, of which 84 per cent is deductible. These are business cluding gasoline, oll, grease, towing, expenses, but must be charged as miscellaneous deductions on Page 3 Tepairs, washing, tires, depreciation, _so_he loses them if he uses the tax table or the standard deduction. insurance, garage or parking lot, » 5 bridge or parkway tolls, uninsured poses; business printing; subscrip- your wife, in a joint return) reloss of damage. Those who intend tions to professional or technical ceived pay in any form covered by using the tax table, or standard de- journals, and the cost of books, Group 1 in the check list with the E duction, if their car is used ex- magazines, etc, necessary in your first article. ve ' clusively for business, should take business but not of permanent, In each case show where you : license and registration fees, and character; uniforms, working worked, and give the amount listed us cities. the interest element of time pay- clothes, costumes required in your hy each Withholding Statement as unl feast ments, here. work, which do not replace ordi- “Total Wages.” : Sie If you use the car partly for nary clothing. Try to show which business exst at 7:00. business and partly for personal List Expenses penses belong with each salary, if come and driving, charge only the business, Illustrated with this article is a there was more than one. If you portion of these items in the case simple, effective way to list business can't do that, add your total wages, » ————— of general expenses, the best way expenses deductible from gross pay add all deductible business expenses, | » Is to divide them according to the on Form 1040. |subtract expenses from gross in- ) number of miles driven for each! In filling out the heading (see come, and show them in Item 2. - purpose. The example with this illustration with earlier article) re- The net wage income goes in the article illustrates how. {member to give both names if this right-hand column opposite the Service A salesman’s automobile is de- is a joint return—and both social little black arrow. : * dent’ Work preciated 33 per cent a year, ordi- security numbers. In Item 3 give the total of ax : sanity” narily. After three years there is, In Item 1—Your Exemptions—in- able dividends received, and . iy no more depreciation left. {clude your name and your wife's Item 4 the total of interest hii 3 ool, Pro Rate Expenses [plus the name of every legal de- both as defined in the third article. , supk. # only part of your business driv- pendent as defined in the second Do not itemize either. Give just CHURCH Ing was away from your home city Reticle, oii Siitmd vin 3 show totals. - z ; : | : ‘ ‘ - ‘ oY ane Separate es Jeon each employer from whom you (and NEXT: Rents and Royalties. These hands might have painted the world’s greatest masterpiece. minister ___ divide the business portion, and These hands might have played faultlessly the most difficult concerto. 'E tharge pers only tho eneoumeted Wi } he These hands might have mixed a compound that would destroy disease on trips away from home e rest | t e - x sax be. deducted onder “miscell-| in er on arm These hands might have been raised in blessing over a trusting mankind . Le neuos,” on page 3, if you are taking| Minister your own deductions. Otherwise By Barton Rees Pogue Instead they are chained. Somewhere, somehow, they failed Perec bao Are Dae charges, including haps they reached over a counter and steathily snatched a jewel. TUNA "insurance. Perhaps they searched a safe and took what other hands had So for. THREE: Expenses of attending Perhaps they held the gun that wiped out a life. Somewhere they went out-of-town conventions Yoquiren, by your employment. wrong. Somewhere they faibed. {URCH FOUR: Expenses of displaying a t Streets salesman’s samples etc. Hands do not act by themselves. Personalities control them—perlate Pastor FIVE: Bus, pins, Juliroay, st sonalities swayed by impulses and convictions, good and bad. The gab fares, including pullman Wik Oa’ Shapes and taxes collected with Church, your Church, is waiting to guide hands, minds; hearts and lives. ares. . . . . a aa . the 1a) | Cots a-standin’ round the straw stack, Here good impulses, right convictions are born and nurtured. Here, in Other Way" SIX: Lodging and meals. Sparrows raspin’ in the trees : ; : : : SEVEN: Public stenographers’| p 8 raspin’ in the trees, God's House, hands learn to move aright to find life's work, unchained a —— tharges. Hogs a-snoozin’ in their A sheds, tri h PTIST EIGHT: Telephone and telegraph. Nothin’ doin’ 'mongst-the bees. . and triumphant. v us NINE: Tips, including checking H =) WITH and bellboys” and porters’ fees. | orses munchin’ corn and clover, ad a. But—and however illogical, this Chickens scratchin’ in their pens, Be We ! is the law—you cannot charge off Dogs a-warmin’ by the coal stove, fy o the lions above, When us: Rabbits huddled in their dens. ng the tax table or the standard : 3 , 1 hli<h Q . 7 i AGES ye sy 5 § se § 1nhhshe , A § sors e a— deduction, if you spent the mone: Wind a-howlin’ through the cornstalks, Fifth of a series of advertisements to be pu : d each aturday under the sponsor hip LM a in your home city. Sky as grey as sheets of lead, of these friends and supporters of Indianapolis Churches and Synagogues. = ee — J that Sase Hey can 2 Sharged Snowin’ now and sleetin’ later, j only as miscellaneous eductions ies 5. yy using your ewn der Sun don't ghow his old red head. fusions HuOlguLit. ' Heater in the tank's a-smokin’ ote VSceARGONS |Ypenses Overtime at two below : Most miscellaneous deductions ’ iv lhe a vi Youth for Christ, Inc. Joseph O, Hoffmann Burdsal Paint Co. Frederick B. Cline, Realtor will be covered in a later article Rain barrel’s crackin’ like a rifle, P ! : : v ight. . : om Count oni Paint Man 8 887 313 Circle T " 1 Following isi a list of some that Wheels are chucklin’ on the snow. tan Ch Delaware Vermont fat.” wt Tian. Marin Re euta ar} at gg Hin : k pesidbob i nn i at ot py ie > Trees stand out as bare as palin’s, » Ses, e : - as such, and have to be charged pay blages Yay in the wird, United Auto Workers K. W. Carr Motor Co i under miscellaneous if at all: rows are clackin’ in the woo nd, : local 306. C10. YA Movnahan Properties Bill Kuhn y. Wed 9 | They include the pay of assist- Leaves are bowed down like they'd sinned. 4 W. Ohio LL 8828 - fA: Moynahan Fropert So) VEIN Aver [IR IM hes i 4 10 ; The Office’ of Moynalian Apartments NORTH SIDE & EAST 8IDE CHEVROLET Chrysier-Plymouth Dealer | Sent ipananss Yale Farmers bundle up like Santa, 850 N. Pennsylvania. LIL 6398, AL.5. 034 £9, Bioad Rivghs, BR. 3431 : ! : 8 . ’ . . /ashington, Irvington, - CH | LE luouow Tuan 30 JOT pohored are done by 'lectrie light, The Bramwood Press 3. Drive unions, professional societies, and Wiens uddle on the doorstep, 191-137 -W. Nort - Bh. ‘Wri ht Coal Co ib : athletic, fraternal, social and Four o'clock it’s almost night. ‘ The Home Elevator Co., Inc. . : 9 side Foal Delp” : i country clubs when your em- Si “A Home Industry, Est. 1912 Curry-Miller Veneers, Inc. "5135 N- Keys lifice | ployer requires you to belong, or Bes Jone Jor sounds so drsary, The Northwestern State Bank 1142-50 ens on : FR-2341 2724 or 13th St cB. Fi 3135 N> Riysione.. BR a8} if you can prove that you belong g in jrom buzzara harm, 1100 W. 30th TA. 6989 CH solely for business reasons; enter- Days are sort of slow and lonesome, 1:30 tainment of customers to promote| When it’s u winter on the farm. H. R. NEVINS G © ; Phillips Realty Siri specific deals—not just for good Spurl tn wR ates Motor, Inc. Midland Bldg. Industries, Inc. nretali will; expenses of seeking a job; Red Cross Unit Moves Recover 22 Stolen Bikts Pat Mutual Mule 1nb; Co. Sop Xe tno ' 3 ou J ye 1037 Virginia —FR. 3604, HU. 3078, ~ fees to employment agencies; State Farm Life Co. 333 N. { TA. 13) rusiosale. Distributors. Li of gifts for ey promotion pur- To War Memorial Watches at Anderson oi on nr oh 33 N. Ninel A e nme Duaesy har, umber St. DE amLese The home service department of #1 Nitnols Bld RL 4584 sk. Woodwork,” Benders Supplies TR ——— — Times State Service 9 inols Bldg Kah T | Compan . ect the Indianapolis Red Cross Chapter EL fi ~ ann lanoring mpany ANDERSON, Dec. 27—Theft of \ M SHOP |will be located in the World War a Rai ne A ’ . Men and Women's Clothes Made-to-Order MORRISONS | Memorial Monday. a way Express Agensy parce Indianapolis Chapter No. Davis Cleaners re 3 es at o o The department has been housed | containing 27 watches valued at ap- w f th M “Stores All Over Indianapolis” The | Ith District, Indianapolis’ Largest in th# Chamber of Commerce Bldg. proximately $500 from the Pennsyl- omen o!- the Moose The -American Legion A Sponsor siren) Woman's Specialty Shop |Advice is provided to servicemen vania Railroad Co. station here 138 WN.’ Delaware All ‘Marion County Posts ’ 20 W. Washington |and veterans on family and per- several days ago has been cleared 1 Lot Sho a sonal matters. |and 22 of the watches recovered, ‘ > er P ou . a Anderson police announced, John C. Muesing W. T. Datly, Br Old Trails Cabinet Co. ——— de Authorities sald Harvey Logan, Muesing-Merrick Coal Oo, Ine. 228 LemcKeé Bldg. $20.28 W. Wash BE. 2973. |40, of Anderson, a former employee Jack C. Carr, Realtor 3 . : [of the Railway Express Agency, had Th R h d 3106 B. 10th BE. BL. 3438 ; d confessed the theft and revealed @ Insurance Kesearcn an Sherifl Al Magenheimer ; he hi 1 . . wl : ) BR a x — i Review Service R, & E. Troller Sales, Ine to recover the remaining five 123 W. Korth 8 S Fon c 8244 W. Wash. Bt BE. 0430 Our service embodies. all that watches. Bakery. Laundry, Dair cott Furniture Co. : i Logan, who is being held in the Pe si-Cola Bottlin Co Yi Y Y 219 BE. South St MA 9611 3 goes to give that after feeling of county jail, was taken into custody p 9 : Employees and Sales Drivers H. Rei & Son. | ; ; = a few hours after the theft was Quality Beverage Local Uni 188 Herbert H. Reiner on, Inc, 4 satisfaction; the satisfaction of a reported. - "O00D YOR ALY ocal Union Furriers for Five Geyerstions i ' C. BE. Davis, President Studebaker Realty Co. 336 Massachusetts Ave. LI ] beautiful 4ribute to a loved one, TWO CITY POSTS FILLED Ve Industrial 28 W. North Ll. 2473 Georte a Studebaker, Mananis 4 . Times State Service { Sta 163 elby A 4 A yet no burden to those left. ANDERSON, Dec. 27—Two more, Council, C.1.0. Vayne M. (Army) Armstrong appointive city posts have been 2290 W. Washington St Radlo Equipment Co, Inc Past Natl Vice Commander Amer. Legion

HISEY

961 NORTH DELAWARE ST.

& TITUS

{filled by Mayor-elect G. Lester Mc- | Donald. Earl J. McCarel, a former city controller, was named as deputy health inspector and Chester F.

, Laundry Workers International Union

:

Hendren Printing Co.

International Brotherhood

of Teamsters mw £. Michigan: Bt.

Philco Distributors ‘A&P Super Markets

Indianapolis Vy200 apical Union No. |

108 East Washington Bt.

Murphy Auto Sales

1007 W. Washington MA. 2518

Insley Manufacturing Co. Power Cranes and 8hov rels 801 N. Olney Bt, 3 CH. 7000

Franke-Padget, Inc., Realtors

8 E Market 8t Rm. 408 "MA, 3521.

Communication Workers

of America Indians Trafe Division 58 Mae Mann Pres, ' Mamie Marlowe, V, Pres. Velma Fults, Sec. & Tres

American Paper Stock Co.

320 W. Michigan

rr NL

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