Historical Newspapers of South Carolina

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THURSDAY, JUNE 2, 1966 THE NEWBERRY SUN. NEWBERRY, SOUTH CAROLINA PAGE THREE Income Tax Information Q—Before I send in the in formation the service center re quested on my return, I want to check on something I may have forgotten to include. Can I get the answer to my ques tion from your local office or do I have to go to the service center? A—Your local Internal Rev enue office can answer general tax questions, but, because your question is about a return al ready filed and in process at a service center, it would be bet ter if you would inquire there when you furnish them the re quested information. Q—My wife and I plan to rent our house instead of selling it. What kind of records should we keep on rental income and expenses ? A—The tax laws do not specify what records you should keep but only that they be suf ficient to prepare a complete and accurate income tax re turn. Cancelled checks, invoices or other records to clearly identify dates, amounts, nature and purpose of expense pay ments and the name of payee should be maintained, as well as a record of rents received. If you are converting the house from your personal home to rental property you must know both the cost basis and the fair market value at the time of the conversion to es tablish a basis for depreciation. Heat, light, repairs, and nor mal maintenance which you pay for may be charged as expen ses against rental income. Ad ditions to the house, such as a porch or patio, that increases the value of the property or prolong its life should be add ed to the cost basis and depre ciated over the remaining use ful life of the building. Q—if m y son earns over $600 this summer will I lose his de duction ? He is a college stu dent. A—As long as he is a full time student (or is under 19) and you provide more than one- half his support, you may con tinue to claim him if he other- wse qualifies as an exemption. He must file his own return, however, if he makes, $600 or more during the year. Q—We have agreed to pro vide a home for a 10 year old orphan this summer. Can we claim a deduction for this child ? A—If you have the child with you only during the sum mer then no deduction may be claimed. To qualify as a depen dent, the child must be a mem ber of your household, live with you the entire year and obtain more than half his support from you. Q—I’ve started earning a Tew extra dollars doing some free-lance work. Can I take care of my tax liabilities by in creasing my witholding on my regular job? A—Yes. Increased withold ing may be used to take care of the increased tax liability you will have from free-lance earnings. You can claim fewer exemptions on Form W-4 or ask your employer to take out additional amounts. If your income from self-employment will be $400 or more during a calendar year, you may be lia ble for self-employment tax. Q—I didn’t file a new W-4 withholding exemption certifi cate last month and I think too much is being withheld from my paycheck. Is it too late to file a new W-4? A.—No. You may still file a new withholding exemption certificate with your employer. If you are married and did not file a new W-4 before May 1, your tax is being withheld at the higher rate for single per sons. You may have the correct rate applied by filing a new Form W-4. If you are single, your withholding may be cor rect because the new rates are higher for single persons. Also, you may not be claiming all the exemptions to which you are entitled. You 1 should check with your employer to determ ine whether or not this is so. q—i have been asked to bring my records to your local office for examination of my return. Suppose the agent pro poses to disallow some of my deductions and I don’t agree. What happens then? A—Tell the agent that you don’t agree and that you would like a conference with the Dis trict Conferee. In many cases you can have a conference on the spot. In the alternative, you will be mailed a copy of the agent’s report along with the letter explaining your appeal rights. Q—I just started my own business. Can an employer use his Social Security number for tax purposes? A.—If you just started your own business and are liable for employment, excise or other business tax returns, you must obtain an employer identifica tion number. This number must be shown on all business re turns and on Schedule C of your 1040 return. You can ap ply for a number by filling out Form SS-4, which is available at local IRS and Social Secur ity offices. Your Social Security number should be shown only on your individual income tax return, self-employment tax Schedule E, and declaration of estimated tax. Form ld40ES. Q.—Is there still a tax on the acquisition of foreign stocks ? A.—Yes, but some foreign securities may be exempt from the Interest Equalization Tax. Generally, the broker or agent selling you the stock will know whether it is subject to that tax. If you are liable for the tax, you pay it with Form 3780, In terest Equalization Quarterly Tax Return. Transactions for each calendar quarter are re ported, and the return is re- Hal! A House Would Never Do Yet if fire or a tornado destroyed the living quarters of many people, that is all the home their present insurance would replace. A check-up on the value of your home and insurance coverage should not be delayed. Check in with us on suggestions for adequate coverage. n\ *n YOUR PRIVATE BANKERS 1 1418 Main Street Phone 276-1422 Martlyi Mtekw DOES TRADE AID THE ENEMY? John A. Gronouski, U. S. Ambassador to Poland, returned recently from a trip through Eastern Europe with a recom mendation for American policy. We should, he said, increase trade with the Communist countries of Eastern Europe. Gronouski’s idea is nothing new. The Administration’s cur rent “line” advocates that we institute additional trade with j the satellite nations. The the- ! ory seems to be that these sat ellites are becoming “indepen dent” from Moscow, and that we can help them move closer to the West by trading with them. But observers now in Eastern Europe say that Soviet military and economic control over the satellites has never been stronger. Comecon, the econom ic bloc ruled by Moscow, as sures that no satellite nation is economically independent. Which is to say that whatever any satellite receives from us in trade is quite likely to end up in the Soviet Union—or else where. Congressman Edward Der- winski elaborated on this sub ject for Manion Forum radio audiences on May 22. He point ed out first of all that trade with these nations does not help the captive nations there in: “The Soviet Union and its Eastern European satellites want U. S. heavy industrial equipment and other items to build up their war potential, things that build up their in dustry, such as steel and rub ber with which they could ev entually compete with us. They don’t want consumer goods for their impoverished people.” What the Communists do with some of that equipment gives us all food for thought: “It is an absolute fact that the aggression of North Viet Nam against South Viet Nam is fundamentally supported — in terms of equipment, military equipment especially— by the Soviet Union and the govern ments of Eastern Europe. You read repeated articles in the newspapers of Czech military equipment being captured in South Viet Nam. Obviously this Czech military equipment was not manufactured in Hanoi, it was manufactured in Czecho slovakia, one of the satellites, and shipped by sea to North Viet Nam. The Polish Com munist government is a large supplier of North Viet Nam. Of course, the Soviet Union supplies its most technical equipment, such as surface-to- air missiles. This is all contri buting to the North Vietnamese war effort. “What we are really being asked to do,” concludes Der- winski, “when the Administra tion and people like Ambassa dor Gronouski ask for trade with Eastern Europe, trade which we would grant on very lucrative terms, is to support those governments that are keeping Castro in power and are involved in the aggression of North against South Viet Nam.” It is argued that we would “build bridges of friendship” and “help the poor people” by trading with Eastern Europe. But the facts show that the bridges lead to disaster: U. S. trade would aid tlie enemy in North Viet Nam. As for the poor people living in the satel lite nations, they would be better served if we did not strengthen the gangster gov ernments that hold them cap tive. Miss Caldwell died last week Miss Margaret Naomi Cald well, 51, of Newberry and N. Charleston, died last Tuesday at the Baptist hospital in Col umbia after a short illness. Miss Caldwell was born in Newberry county, the daughter of the late James and Dollie Adams Caldwell. She was a teacher in the North Charles ton Elementary school and a member of Cooper River Bap tist church. She was a member of the National Education As sociation, the S. C. Education Association, the Department of Classroom Teachers, and Alpha Kappa. She is survived by five sisters Mrs. B. M. Mack, Mrs. Earl Singley, Mrs. Oro Perschau and Mrs. Alvin Hipp, all of New berry and Mrs. S. M. Parnell of West Columbia; two brothers James Caldwell and Roy Cald well, both of Newberry; two half-sisters, Mrs. Maude 'Ban ister of Newberry and Mrs. Mary Licke of Greenwood and one half-brother, Hobson Cald well of Saluda. Funeral services were con ducted Thursday at Whitaker Funeral Home by Rev. Ralph E. Rhyne and Rev. Everett H. Croxton. Interment was in Rosemont cemetery. Active pallbearers were Rich ard Mack, Earl Singley, Jr., Homer Thompson, Rex Miller, Jr., Harry Bannister, and Hu bert Caldwell. Serving as honorary pallbear ers were the members of the Ladies Bible Class of Cooper River Baptist Church; Mr. Garrett, Mr. Goodwin, Mr. Cochran and Mr. Munsenmeyer, all of the Cooper River School District; the State Executive Board of Department of Class room Teachers; Dr. Carlos Gib bons; Dr. Carl Sweatman; Dr. Izard Josey; and the members of the North Charleston Chap ter of Alpha Delta Kappa. PAINTING Interior and Exterior. Resi dential and Commercial. Repainting or new con struction. All work guaran teed. Lagrande Painting, Rt. 2, Blair, S. C. Phone: Winnsboro 635-2062 |4tc quired to be filed by the last day of the month following the calendar quarter. Q.—I won $100 prize in an essay contest in school. Who has to pay the tax on the prize —me or my parents. I’m 17 years old. A.—A prize won in an essay contest is taxable to the win ner. It should be counted when you add up your income for the year. If you total $600 or more in earned income then you will have to file a tax return. Your family is not liable for any income earned by you. Republicans set door-to-door fund campaign A novel fund-raising effort to promote two-party politics in South Carolina is being con ducted in Newberry County on the morning of June 6. “All of our plans are now completed, Republican County Chairman A. M. Dominick re ported, “and we expect to have many workers—young and old alike, ringing doorbells to ex change potholders for one dol lar or more contributons. We are asking people at the grass roots level to invest in promot ing competitive two-party pol itics so we can maintain free dom and bring to South Caro lina better government.” Newberry County Republican workers and friends will begin the fund-raising during the day and continue into the night. They will give away colorful potholders bearing the names of the party’s “Quality Team You Can Trust.” They also will be passing out campaign litera ture and information on how and when to register and vote. “We decided to select June 6 for this effort,” Mr. Dominick said, “because this is the 22nd anniversary of D-Day, the his toric date when the forces of freedom launched the drive to break the back of enemy forces determined to centralize world power and dominate the world. The foremost issue in the world today is' still the freedom of the individual . . . this time from domination of one man and one- party rule. We feel that free dom can only be preserved if we have a strong two-party system at the national level and likewise there will be no giant strides toward progress in this state until we have a vibrant and endurig two-party system in our State. Ammons rites held Thursday George Coleman Ammons, 66, died last Wednesday morning at the Newberry County Me morial hospital after a linger ing illness. V Mr. Ammons was born in Columbia, the son of the late Crawford Ammons. He was a member of O’Neal Street Meth odist church and was a Sunday school teacher as long as his health permitted. He is survived by his wife, Mrs. Janie Padgett Ammons; one daughter, Mrs. Frank Cul- clasure of Newberry; one sis ter, Mrs. Florence Foster, of Spartanburg and one grandson. Funeral services were con ducted Thursday at O’Neal St. church by Rev. M. B. Fryga and Rev. Paul D. Petty. Inter ment was in W’est End ceme tery. Active pallbearers were Dew ey Kinard, Cecil Marchant, Ce cil Kinard, Carl J. Taylor, Wink Dawkins, and Jake Fulmer. Serving as honorary pallbear ers were the members of the W. L. W. Bible Class of O’Neal church; George Boland, C. L. Dowd, J. W. Cook, Wyman Williams, Ned Purcell, Ernest Layton, W. C. Wallace, Dr. E. J. Dickert, Dr. B. M. Mont gomery, Dr. E. G. Able, Dr. R. E. Livingston, Curtis Woolsey, Eugene Harmon and Dr. Louis Brossy. FFA PRESENTED FREEDOM AWARD HAVE NEW ADDRESSES . . . Mr. and Mrs. James Sanders have moved to 1709 College street. Mr. and Mrs. D. W. Newton have moved to 1221 Glenn street.. Mr. and Mrs. George M. Can ady III are making their home at 1416 Milligan street. Mr. and Mrs. Leonard Hall have moved to 75 Player street to make their home. Mr. and Mrs. James F. Kyzer are now making their home at 123 Gray street. Drayton Rutherford Chapter, United Daughters of the Con federacy will meet with Mrs. E. E. Westwood Sr., Tuesday, June 7 at 4 p.m. Associate hostesses will be Mrs. D. O. Carpenter and Mrs. J. M. Pool. G. B. Patterson died on Tuesday Georgia Boyd Patterson, 42, died last Tuesday morning af ter an illness of two years. Native of Laurens county, son of the late Carl and Ova Senn Patterson, he was a tex tile worker, member Patterson Chapel Methodist church and a veteran of World War II.. Surviving are four sons, Wil liam B,. Carl R., Roy J. and Charles J. Crowe of Newberry; and a brother, John H. Patter son of Enoree. Funeral services were con ducted Thursday at Patterson Chapel church by Rev. J. E. Tysinger and Rev. John Wat ers. Burial was in the church cemetery. The Future Farmers of America has been awarded the George Washington Honor Medal from Freedoms Foundation at Valley Forge. Senator Strom Thurmond, center, presents the award to Howard Williams, right, who as National President of the organization accepted the honor on behalf of the FFA. Senator Thurmond, a trustee of Freedoms Foundation, started his career as a teacher of Vocational Agriculture iu South Caro- Hno, Dr. Kenneth D. Wells, left, is president of Freedoms Foundation at Valley Forge. POT IT ON ICE I TRANSFERS DEED Newberry No. 1 Hazel W. Halfacre to Juanita D. Mize, one lot and one build ing on Purcell street $5. James E. Meyers to Tony L. Davis, one lot and one building $10.00. Newberry No. 1 Outside M. L. Kibler and J. Leland Kibler to M. Gordon Minick and Carolyn- K. Minick, 1.3 acres, $5 love and affection. Hazel W. Halfacre and W. Fulmer Wells to T. F. Murph, two lots in Forest Acres $5. Olin R. Morris to Erin M. Kunkle, one lot and one build ing on Rosalyn Drive $5. Silverstreet No. 2 R. E. Johnson to J. P. Smoot and Katie Mae Smoot, one lot, $10. Whitmire No. 4 Carl Baker and Dorothy S. Baker to Ellen B. Baker, one lot and one building. 925 Cres cent St., $10. Little Mountain No. 6 E. T. Nelson to Ella S. Bos- tain, 7 lots $5. E. T. . Nelson to David S Matthews, two lots $5. E. T. Nelson to Marjorie A. Holler, three lots $5. Ruth T. Fennell, trustee to Lloyd C. Allen, one lot. Holi day Acres, $5. Prosperity No. 7 S. C. Electric & Gas Com pany to M. O. Mayer and Clar ence R. Koon, 2.73 and .46 acres $1.00. N. R. Lester, to James R. Lester, 13.89 acres $5. COUNTY PERMITS Robert Turner and Sandra S. Turner, Route 2, Newberry, 1 eight-room dwelling with base ment, 3 miles from Newberry, $18,000. West Virginia Pulp and Pa per Co., Jalapa, one - scale house, $2000. Rodney Epting, Route 2, Prosperity, split level 8-room dwelling, four miles from city, $20,000. MARRIAGES Wayne Henry Boozer of Pros perity and Rebecca Jean Boland of Newberry were married on May 17 at Newberry. RUPTURE-EASER (A npt Broca Pradvct) 24M93I Kiflhf or Uft sid. $495 Double $6.95 Hu Fittins Required A strong form-fitting washable support for roducib 1 . inguinal hernia. BaVlacInJ $ In front Adjustable leg strap. Soft fiat groin pad. For men, women and children. Mall orderst give lowest part of abdomen. Specify right, left or double. NEWBERRY DRUG CO. Newberry, S. C. 29108 !(b>, MID-CAROLINA . . . <Continued from page 1) Mid-Carolina High Schood pa per) were: Susan Hamm, Edi tor; Club Editor, Linda Sue Myers; Sports Editor, Russell Bedenbaugh; Business Manag er, Ronnie Koon; Feature Edi tor, Kenneth Chapman, Art Editor, Judy Carol Shealy; Subscription Manager, Bonnie Martin; General News Editor, Donna Koon; Nellie Rose Rich ardson, Betty Sheppard, Janet Long, Elizabeth Graham, Dia nne Crumpton, Kay Bundrick, man, Typists. Ronnie Koon received the Social Studies award for the highest academic record in all social studies. He is the son of Mr. and Mrs. E. B. Koon, of Pomaria. Ronnie Cromer, Student Coun cil President and Stanley Grif fin, Senior Class President, were presented with an award for showing outstanding ability and leadership; Eddie Amick was recognized as having been chosen by the teachers to represent Mid-Car olina at Wofford College as King Teen. Furman Scholars were rec ognized, chosen by the faculty to represent Mid-Carolina at Furman University were Ken neth Chapman, Susan Hamm, Ronnie Koon, and Phyllis She aly. Nellie Rose Richardson was recognized as having been cho sen by the faculty to receive the DAR Good Citizen Award. It was based on scholarship, leadership, and cooperation with students and the faculty. Steve Martin was presented an award by the Newberry Ob server for having the highest academic average of any stu dent participating in two ma jor sports in high school. RE-ELECT F. BEASLEY SMITH Now Serving You As Senator Lexington, Newberry, & Saluda Counties HE IS: A Lexington County Native—Married Ruth G. Shealy of Lexington. Two Children. A leader in the Pond Branch Methodist Church ' A member of the Ruritan Club A school teacher; 37 years experience An active supporter of the Boy Scouts Your S. C. Senator Supported legislation to give each County the most pos sible representation in the State Senate For First class school system : • For Balanced Budgets For elimination of obscene literature For all programs for agricultural progress For Rural Water Districts For Civil Defense projects For Lexington County Planning & Development Board He is EAGER to SERVE You for sound progressive Government. Re-elect F. Beasley Smith