Indianapolis Times, Indianapolis, Marion County, 6 January 1949 — Page 6

eof 4 h not reimburse

Hob Fe

| earning your

Will bd discussed tn the sieventh artiste,

"THE. SECOND and smaller . class can be | from your "salary in Item 2, so that you get its benefit: even if you do usé the - tax'table or the standard deduc-~ tion. These are Sapeuses of travel” while away fron ‘ BR SE ployer has

He w to Ro Business Expenses "Costs Divided Into Two Classes; Can Be ; Claimed If Employer Did Not Reimburse You

i By 8. BURTON HEATH, NEA Staff Correspondent © THE LAW Aunits you to deduct” certain expenses, provided,

you, if they were necessary in customary in your line of work.

ie Ko "These are divided Into two claases. One can be claimed only as i a miscellaneous deduction, provided yo you are not using the tax table the standard deduction. This AT RP

“But there are other possibilities. For any of them, the first

jstep 1s to divide the total out-of-igaggage

pocket cost by the total number of miles driven for all purposes. This gives an average cost per mile. Then(1) Did you drive partly for personal and family purposes? If me 50, You cannot charge off expenses for that. (2) Did you drive partly on business away from home? i 80, multiply the average cost per

(3) Did “you drive partly on

their against Tout entire 1048 wage- mois.

saljry Income . s blank to help fow the cost of operating your automobile for your rg er's benefit. The . penises computed with this blank may then be carried] to another, where they can be, - added to other deductible ex-| penses. 2 If you used your car entirely

town |

home and away from th ead- |

which’ is your working

3 Fusions. you can charge off all consider

business around your ho! § sown: or yous headg 80, multiply the average pic — by the number of miles of

Worksheét for Computing Your DEDUCTIBLE BUSINESS : EXPENSES (For Item 2, Page 1) If you spent your own money on out-of-town travel for more than one employer, and can allocate! those expenses, use a separate blank for each employer. Automobile expenses away from home (figured BDOVE) wesssssnssavsvs Pasaves charges, includ- - ing INSUrANCe ...0uvein Bus, plane, railroad, cab, street ‘car, pullman fares, including federal tax .

Garr aseman nena tes

+ EERE sesane PiEs sentra ntur ates

Pim ao rental and other expenses of shawing samples

Fear aan donnen

Total Expenses of Travel AWAY from home. Braves MINUS anything repaid by employer .....: +s

“rns

ern nen

this type of driving.

This gives a miscellaneous ‘de-/NET EXPENSES deduct-

duction that you can take on page|

3 of Form 1040 unless you use -

the tax table of the standard) deduction. In any event, sub-|

the help Cot ded anything your employer re-| ald.

ible in Item 2......... $.onie

Other legally deductible expenses cannot be . taken here, iso they will not be considered | |antil the eleventh article, Notice how John Doe calls at-

THE INDIANAPOLIS TIMES

Films Open Wacky Soason To Plug Their Products

Just Grab Yourself a Chicken Wishbone;

Ream 30 after Him: 10 fou {worry about bis indigestion

it's 180 meh to expect of 8 ee

Telaty. 4 You ask Miss Smith whom she!

ae 8 ar g _ There's no connection of course Oh, no. ¢ )

—._ |taxpayers own.

The Sky's the Limit in By LEO TURNER, United NEW YORK, Jan.

Latest Gimmick Press Staff Correspondent.

6-—The wacky season is upon us.

“Maybe the country is still riding a boom, but pressiagénts are

wracking their brains for gags to get the public dollat into their bosses pocket, b The latest gimmick is the most gigantic, stupendous, colossal’ gave away stunt. yet to be tried. The sky's the Hmit, It's the goofiest yet, a nation-| =" tion

Watch out.

wide “wishbone contest.” Now all you need is the wishbone of a chicken. It has to be a genuiné chicken wishbone. No reasonable facsimilie will be allowed. No duck bones, no pigeon bones will .count. Wrap the wishbone in a 100 word letter .on “Why like| chicken every Sunday,” make a’ wish, add a note saying what you wished for and send it to the! Poultry and Egg National Board in Chicago. The ‘winner will have his wish filled.

Now that sounds like someone is- trying to sell more chickens. But oh, no. The sponsor is the 20th Century-Fox Film Corpora.

ceived during 1948 except interest| ,

on certain tax exempt government bonds, which few small

Do not report interest due during the year but not restivad (However, interest made avail ito you was legally receiv ve an. if you did not trouble to take

NOW YOU are ready to figure|tention to these expenses in Item possession of it. For example, you received in-|

|penses of travel away from home. |

for that purpose.

only expenses while

{the rest- of your deductible ex-2 as reproduced yesterday. | The separate schedule, copied terest credited on fori business @riving sway from Above is another special blank on plain. paper. and filed with his bank’s reco return, will be: shown with the not take yo So far as Item 2 is concerned, eighth article, where all of the entered there.

Does’ income items and schedules

| interest on bond coupons, even if |

@ expenses shown in this blank working away from. your home are reproduced together to show |you have not yet clipped them

that your employer did not repay.

and headquarters towns.

how they interlock. 4 INGA

WN "A | Defense, War and Savings A I - {bonds all are treated alike, ngs : ; -$. can do either of two things: 3. Baer here the total amount of your dividends 0 (a) Ignore them until you 4 ate hese thasntsl amouat of your interest Gucluding ives fom Gaviratent bligstions wale > cash them, and then report as I py — sismsesses EAS... [interest the entire difference bere es any other income, give details on page 2 and enter the total here.. p—— tween what you get and what! ir 4 income shown ia items 2, 3, 4, and §, and enter the total here. S$. Thats lyou paid. This is the simplest INCOME WAS $5,000.08 MORE. the tax table and {way. Or you can py . we | (b) Look on the back of each! ' Worksheet to Computing Driving Hosmme Laerased seseas past ot the price paid for pur- pond, see what your “profit”!

| YOUR AUTOMOBILE as ar Ae and tor business

meee Ee

sevens

INSUrANCE viissvervvene Interest portion of installment payments. {Depreciation (salesmen 33 per cent; others 20 per cent)

sssrenes sevens

2 Total out-of-pocket

COBLE. sinseccvssnnenns $iviene

Dividends

For most users of from corporate stock. They do not Include so-called freinds refunded on mutual inpremiums, in any form. They do not include so-called

$150

Cottons, wools —

$177 %

Save up je % and more

BLOUSES

Week, cottons, “s crepes, rayon suedes

yEMI- ANNUAL CLEARANCE

these dxticles. dividends will be those, _ This includes all intefest re- TOMORROW: Pensions and Rent.

Hane. do include co-operative dividends that represent distribution of profits among stockholders. Co-operative dividends

ment for goods sold through the co-ops are taxable-—but not here;

Schedule C, page 2. Interest

SWEATERS |

Slipovers, cardigans

1 39:

$177

< 5277

Your chelcs, 3

Children's Lo

Full Length Slips Rayon i blu ink or white, $1 9 9 i LAIR An I Patents, suedes, broadeloths, leathers .

s1 59: SKIRTS

Rayon gabardines, pe wool jerseys

that actually are additional pay- prey

and sent them in for collection.

would be if you had sold Dec. 31, 1948. Add the profits on all] the bonds you have, subtract any reported as interest on previous returns, and report the; This is complicated. Once you start using the second method, you. eannot

they are business income for change back to the first without

getting permission from Collector,

your!

Hid

Here

originally $169.95 Now

of Many Values

Mahogany ~ 3«Piece

BEDROOM SUITE

99%

Low Cash Priced Furniture on K irk’s Easy Terms

We are completely overstocked with all types of merchandise. Warehouse and selling floors are

. The product? A called That's the way it goes. A pretty secretary comes in and introduces herself as Muriel Smith, president of the ('Emancipation of Career Secretaries Society.”

Too many bosses are getting!

(their - secretaries mixed up with their wives, she said. The girls are going to arise, by gum, and put the bosses in their place. “When he dictates, his secretary could do without the cigar in his mouth. His wife may not have to hang on his every word, but we do-we're to. “A boss expects his secretary

cture| “@hicken Every Sunday.”

Don't suffer misery of

RACKING COUGHS. |

the saving*| Millions use PINEX for d For es effective relief of coughs You received the due to colds :

ols Lory passages. i soothes irritation—lessens tickle «loosens coughts oe phiogm: Wo anderiul reliefl t's why PIN oa family favorite for over 40 J been

PINEX GIVES ABOUT 4 TIMES AS MUCH FOR YOUR MONEY

| comoentrated—just the medicinal ingre-

ae COUGH SYRUP

Is One

jammed to overflowing. We have taken a

Come in...

| at the sale price tickets . . be your own salesman,

| | = $35,000 inventory markdown. First Come! “on First Served! “as . AH “Sales Final!

look around . . . look you'll

FREE DELIVERY TO ANY POINT 1 INDIANA

¥,

DRASTIC

REDUCTIONS!

FOR IMMEDIATE SALE! Surplus Stock and Floor Samples of ® Living Room Suites *Lamps “* Chairs °* Tables ° Dining Room

Suites * Small Appliances * Floor Coverings * Kitchen Furniture

Fore «a Jodiana!

Stere-wide 10 to 50% cedutlioas

An old-fashioned, pre-war, wail sale of new-fashioned footwear for every member of the family. No special purchases —no humbug—no reservations. The famous bargain event so well remembered by thousands. Every pair from regular stock . . « including all of Marott's famous name exclusives. Every pair reduced atleast 10%, . . . with hundreds of pairs in special feature ~. groups reduced up to 50%.

18 E. WASHINGTON ST, 4128 E. 10TH ST.

NOW MORE THAN EVER

It pays to BUY SHOES 2 AT A A SHOE STORE.

‘Inventories must be reduced ... Selling Floors and Warehouse must be cleared of merehandise.

* Bed Room Suites

ze Co.

14819 RR

I)! 117]

iS W. WASHINGTON

111A

STATE LIRA RS.

oo hl

olic Church at

followed by b + 0

ville, and’ 19 §

Alonzo Ci

Services for E. 16th - St, football playe! in Veterans H at 1 p. m, tor Baptist Chur in Crown Hil Born in Ind ter, who was of World Wai of True Vin His wife and: 1948. Survivors 1 Mr. and Mrs four sisters,

. Mrs. Rudie Gi

Jackson and | all of Indiana

Harry G.

Harry G. Ge road brakems: in his home, ¢ 8t., after 13 w

“buried -Satur

Lawn Cemete: Services for be at 10 4. n aries, Ben Da: 75.

Born in Elli lived in Indiar retired nine’ job as brake: York Central Division. His wife, Id diate survivor

The Big |

DES MOIN (UP)—Mrs. ( 32, was awar she testified tI to her husba

2 until she reco