Syracuse-Wawasee Journal, Volume 50, Number 10, Syracuse, Kosciusko County, 10 January 1957 — Page 7

The man who never makes a mistake often will befound taking orders from one who occasionally does. * DUST 8 SON DECORATORS ' INSURED / ♦ Painting — Paper Hanging Rural Route 3 Syracuse, Ind. Phone 610-M S' and M ervice atisfies J JARMAN SHOES - Tom Socks Wawasee Village I When You Think | k>B Os Lumber .. . B B Call Our B ■ Number ... B ><B SPRAGUE’S B B SYRACUSE LUMBER B AND supply co. h y B Phone 69 B IN STOCK PHDLCO w Colo? T c V E-Z TERMS Call Us . . . For Fast Set or Antenna Repair. JIM MENCH • ‘ THE TELEVISION STORE Wawasee Village Phone 302-M or 72-M **pERMITES NEVER SLEEP I Don’t be caught napping while ■ termites damage your home. Avoid ■ costly repair bills—eliminate ter- ■ ftlite worries with EXTERMITr~_W AL’S fully guaranteed 5 year ' Property Protection Plan. E CALL TODAY FOR A FREE INSPECTION S Syracuse Lumber & Supply Co. I SYRACUSE i’liOne 69 Jnew Ccyrhome Us ... For FREE ESTIMATES on: • New Homes • Remodeling <, Store Buildings • Farm Construction , B. CARL MOSER * GENERAL CONTRACTOR Phone Syracuse 653-M Indiana

INCOME TAX FACTS No. 1 HOW TO SAVE TAX DOLLARS Between now and 15 Aoril over sixty million Americans must file a tax return to report their I<>s6 income to the federal government. On the basis of past experience about 1 out of every 4 returns filed will contain an error of $2.00 or more. Last year these errors totaled over $100,000,000. To help you prepare a correct return and avoid mistakes that cost you tax dollars, this newspaper is printing a series of eight articled prepared with the help of the national and state organizations of certified public accountants. Today’s article deals with problems faced by almost anyone who has to make out a return. Later articles will give snecial hints on deductions you may take, particularly if you own a car, home or business. Use this series along with the official instruction book which comes free with your tax forms. Common Mistakes According to the results of a sampling by the Internal Revenue Service, the mistakes most often made by taxpayers fall into these four groups: (1) Incorrect listing of income. This is the main source of error, partly because of debatable questions involving business income. Individuals make too by leaving out such items as interest on savings accounts, dividends and contest winnings, or by including items which are exempt. (2) Errors in personal deductions. This category includes the deductions taken • when the 10 rer cent “standard deduction” is not used, important deductions froin income are: state and local taxes, interest paid on ioaris, charitable contributions, medical expenses, losses from storm, fire, flood or theft. . (3) Claiming too many or too few dependents, Exemptions are allowed for the taxpayer himself and for certain persons he supports, if they fit the definitions in the instruction book. (4) Faulty arithmetic. This is the catise of the fewest number of errors, blit approximately 30 per cent of these, arithmetical mistakes are' made by the taxpayer against himself, resulting in approximately $19,000,000 in overpayment of taxes. The first thing to determine is whether you should file a return or not. Everyone whose gross income was S6OO or more in 1956 must file a return by 15 April 1957. Even if your income was less than S6OO you should file a return if any tax was withheld by your-employer.and you wish to receive a refund, in any case, if you had as much as S4OO earnings from self-employmenjt you must file a return to report those earnings for social security purposes. Non-Taxable Income It is important to rehiember that all income is not taxable. Vbu should not include in your return any income which is listed in the official instruction book as exempt. This includes interest on state and municipal bonds, most government payments to veterans and their families, life insurance proceeds upon death, gifts and social security benefits. The tax instructions from the Internal Revenue Service contain a list of the types of income which should be included * and those which should be omitted from your return. If You Changed Jobs Here is a special point to watch if you worked for more than one employer during 19§6. You may have overpaid your social security tax. Each employer is required to withhold social security amounting to 2 percent of the first $4200 of your wages. If you worked for only one employer, this would amount to SB4. However, if you worked for several employers, more than SB4 might have been withheld. Check your' W-2 withholding slips and see whether the total F.I.CA. (Federal Insurance Contributions Act) is more than SB4. If it is, you can claim credit for the excess in the “taxas withheld” column of your income tax form. .

The instruction book which comes with your tax forms gives further information. Help is also available by telephone

THORNBURG DRUG CO. Syracuse North Webster tt M |i| O/afsen ' $ 1.98 MULTVITAMIN ELIXIR f lPii Pleasant fasting appetite stimulant. *”^^ W ** Rich in vitamins, liver and iron— A all in delicious wine base. WIMJC }======= , H-OZ. 80Tm........ » Cod Liver Oil S 2.B9Jr. Aytindl .iimxs Reg. »139 O7 C Vitamins&Minerals|9B | *”?!?** I sutttis -s 1 Plain c r flavored jN A Bottle of p* Bt b ltle 100,abl * ,s s 3.<B Pre Natal $ 7.65 OLAVITE -TTI VITIMIHS ■ 4)98 VITAMINS £79 Bottle of Bottle of lOOtebleti 100 capsules RAYTOL Vitamin A 5 3.29 Multiple FW a 7 I TABLETS «9 VITAMINS A29. B”V0mpl8X 25,00.) units I Soluble-ixed A MmHr Each capsule - Botch of .00 16-oz. Bq supplies all the BAY T 0 L i| OSsentidl B Fac* c, tors in one easy- r 5 \ to-take tablet. L *W** flblEL]| I = ) 100 tablets 119 Re g . 52.39 1 HEMATINIC TABLETS IjKHBdME! Blood builder for nutritional anemia. ii' -j-3? ; E33ESQ 13C [23EE3 waKMMmwHHB* Bottle of 50 | Bottle of 100 A Ba s=a 1*2.98 Liver & Iron 149 tyi Plus B Complex & C 84 tablets... ■ *2.89 Geriatric 198 - ELIXIR «-«• ‘■-me ■ nAi ’2.79 AYTINAL 198 Multiple Vitamins Bottle 10O ■ ’1.39 Vitamin C * 109 >2.9« (IM. XXSS7IPercomo iphum s ■»» too’. ■ I 4 ’ *2.89 Vitamin E 9 29 50cc bottle ■ 5 Q mg Capsules. Bottle 100--.^ l Thornburg Drug No. Webster Syracuse .

or nt offices of tt e Internal Revenue Service. The Revenue Service urges you t> consult properly qualified advisor if

SYRACUSE-WAWASEE JOURNAL

Thursday 10 Jan. 1957-

you decide to seek outside help.

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