The Clinton chronicle. (Clinton, S.C.) 1901-current, February 05, 1970, Image 18
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THE CHRONICLE, Clinton, S. C., Feb. 5, 1970
Minding Your Business'
Contributions
BY JOHN J. SUTHERLAND
Certified Public Accountant
Contributions are deductible on
your tax return only if you itemize
deductions. A contribution must
be freely given, either property
or money, to a qualified organi
zation with no strings attached.
It can also include expenses in
curred (automobile expense, sup
plies, or use of property) while
rendering services but not the
value of the services themselves.
A qualified organization is one
operated exclusively for chari
table, religious, educational,
scientific, literary or humane
purposes. It must also be an or
ganization created in the United
States or its possessions.
An organization will be dis
qualified under the following cir
cumstances. If it is controlled
by the Communists or any other
subversive organization. If it en
gages in prohibited transactions
such as lending money to the
founder, his friends or relatives;
pays excessive salaries or ren
ders its services preferring
friends or relatives of the found
er or any other preference not
in keeping with public policy. If
it engages in any transaction re
sulting in diversion of income.
If it engages in propaganda or
attempts to influence legislation.
If it participates in a political
campaign and if it operates at
a profit.
Contributions to a needy per
son are not deductible unless done
through a qualified organization.
If, for instance, you know of a
needy family and you ask your
church to help them and you in
turn donate to the church, this
would become a deduction. You
must be careful because the do
nation to the church must be with
no strings attached. Therefore,
if the church takes your contri
bution, it will not necessarily
have to help this family unless
i* agrees that the need exists.
The government regularly pub
lishes a list of qualified chari
table organizations. This is
known as Publication No. 78 and
may be obtained by writing the
Superintendent of Documents,
Government Printing Office,
Washington, D. C. 20402. Other
organizations may be qualified
and not be listed in this publi
cation. Their current status may
be obtained by writing the Com
missioner of Internal Revenue,
Attention T:R:EO, Washington,
D. C. 20224.
The new tax reform bill has
closed a previous loophole. For
the year 1969 and prior, a per
son could donate property and
deduct the fair market value as
a contribution, and escape paying
tax on any increase in value. How
ever, under the tax reform bill,
donated property now must be a
capital asset in the hands of the
donee and where its sale would
have resulted in a long-term
capital gain for the donor. This
means that a businessman for
1970 and hereafter making a do
nation of inventory can deduct on
ly its cost and if he contributes
depreciated property, special
rules apply. A person donating
securities must wait until it would
have been a long-term gain or the
deduction will be limited to cost.
I have attempted here to explain
only the spirit of the law. There
are, of course, many qualifying
phrases and semicolons attempt
ing to close apparent loopholes.
This article should not be used
as a text but only as a guide
line in advising the public as to
when a contribution may exist.
* * *
Timely
SWEETIE PIE
Tips
BY COUNTY AGENTS,
Home Economists
Swine Meeting - This Monday
night at 7:30 p.m. at Clinton High
School. The talk will be on Par
asites, diseases and housing.
Anyone interested in hogs should
plan to attend.
Pecan Bulletins - The County
Agent’s Office has a good supply
of bulletins about growingpecans
and the insects and diseases of
pecans. These are available free
of charge.
Gardens - Onions and cabbage
may be transplanted and mustard
planted during February.
Ice Cube Trays - If ice-cube
trays stick, wipe bottom dry with
cloth before replacing.
fretxing and what does sht want? An ica cream
con#!"
HOW CAN I?
St^» 51 Unmoontrt Sh»i (brow,) — Reg. $4.95 — 1 1 31* eech
MU BBS Ml. FEB. 28... SO BRING SHOES IN NOWI
CANT COME IN? Fill out and Mail Coupon Today
Jint tend for fret, hindr biby »ho« ■ailii| Naf. Writa or phooa ut aaw.
Kama |
.Stall.
Jlp-
THOMM. JEWELER ^OANNA
l— “ “ —• —— — — ~~ —
VOTE AND ELECT
Nolawll BuddetU
YOUR
McUfOSl
Clinton's General Election
Tuesday, February 10. 1970
Polls Open 8 A.M. To 7 P.M.
YOUR VOTE AND INFLUENCE GREATLY APPRECIATED
1
BY ANNE ASHLEY
Q. How can I “heal" bruises
on velveteen or velvet dresses'?
A. Place the crushed area, pile
down, over a brush of many
bristles, then hold a steam iron
just above the back of the fabric,
and let the steam pour down
through the pile. Then remove
the fabric from the brush, shake
until partially dry, and leave a-
lone until it is entirely dry.
Q. How can I prevent screws
from working loose in a plaster
ed wall?
A. Make a tiny hole in the
plaster where you wish to drive
your screw, then fill this with
plastic wood. Drive your screw
in while the wood is still soft.
Q. What can I do when cream
seems to be too thick to whip
properly?
A. Place the dish of cream in
another dish containing cold
water. When it is chilled, place
it in a dish of hot w'ater for a
few minutes. It should then whip
readily.
Q. What is a good way
waterproofing leather shoes?
of
A. With a mixture of two table
spoons of beeswax and one of
mutton fat. Rub this dressing on
at night, and in the morning
wipe with a piece of flannel. A-
nother waterproofing treat
ment is the application of hot
ski wax to the leather, rubbing
this briskly in with a stiff brush.
Keeps the leather rainproof and
resilient.
Q. How can I make easier the
job of sewing a material that
must be held tightly 0
Q. By covering a brick with a
thick padding, and using this to
pin the fabric that must be held
tightly while the work is pro
gressing.
&
Q. How can I remove odors
from a frying pan 0
A. A little vinegar poured into
the pan while it is still hot will
remove the odor of fried onions,
and also of fish. Another method
is to sprinkle oatmeal in the pan
and shake it over the flame until
the meal begins to scorch.
Q. What do you suggest as a
good, general cleaning agent for
bathrooms?
4-H Woodworking
Lesson Is Given
BY THAD REEVES
Assistant County Agent
A lesson on woodworking was
given to the 4-H clubs during
December. At these meetings the
4-H’ers were instructed on how
to make various objects out of
wood. Plans were passed out
giving directions on how to make
a letter-holder, knife rack,
bench-vice, and a gun rack.
4-H’ers were asked to make one
of these items and bring it in
to the January meeting. Many
4-H members throughout the
county participated in this acti
vity. Blue, red and white ribbons
were awarded to the members
depending on the quality of work
which was done on the item they
made.
Steve Coats of the Garlington
Street School 4-H Club chose to
build a gun rack. Steve used 4,
1" X 4' boards which he screw
ed together. Then he drilled holes
in the two upright boards so that
he could insert pegs to hold the
guns. Steve finished his gun rack
by sanding it down then applying
varnish and wax. He said that it
was simple and did not take him
too much time to build. Steve is
in the fifth grade at Garlington
Street School and is the son of
Mr. and Mrs. J. W. Coats of
312 Hilldale Dr. in Laurens, S.
C.
Expression’s Origin
The expression, “hand in
one’s chips,” which has
come to mean dying, is
probably derived from the
practice in a poker game of
turning in one’s counters or
chips at the end of the
game; therefore, by anal
ogy, the end of the game of
life
A. I like kerosene -- a little on
a damp cloth works wonders m
removing dirt and soap scum.
Afterward, the tub may be rinsed
with soap and water to remove
the odor, although this soon dis
appears.
Q. How can I freshen a pair of
suede gloves?
A. By rubbing gently over them
with the fine-grained side of an
emery board. The care and clean
ing of gloves, and other cloth
ing, is handled in my new house
hold manual.
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Honest-to-goodnm, MMw-dtwimTaiM
Dixie Crystals
or Domino
SUGAR
Diamond Aluminum
FOIL
Luck's
PINTO
BEANS
5-Lb. Bag
25-Ft Roll
Limit: 1 With $5.00 or More
Grocery Order, Please!
No. 303
FOR
Morton, Frozen
TV DINNERS
(Except Ham)
11-0*.
39c
Yellow
Crisco
Shortening
Bam a
GRAPE JELLY
18-Oz. Glass
35c
♦ ONIONS 25c
^ Armour’s Tasty Bird Frozen 1-Lb. Cup
CHICKEN LIVERS 49c
KeeMer’s Coconut Drop
COOKIES
15-0*. Pkg.
47c
3-Lb. Tin
Fab
DETERGENT
Beg. Box
.... 29c
A-G (Vi-Lb. Sticks) 1-Lb. Pkg.
t O L E O 2 for 37c
Dixie Pride &-Oz. Can
* BISCUITS 3 for 25c
^ Armour’s 5-0*. Can
^ VIENNA SAUSAGE 27c
1 With SS.00 or Ml
Order, Please!
Kraft
FRENCH DRESSING
8-0*. Bottle
........ 29c
Libby’s
♦ CATSUP
20-0*. Bottle
29c
Firm Head
LETTUCE
,A
Each
19c >i
Soft-Weve Twin Pack
BATHROOM TISSUE 27c
PRICES EFFECTIVE FEBRUARY 5-6-7
PHONE *334710
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FREE DELIVERY SERVICE
PHONE 833-0631