The sun. [volume] (Newberry, S.C.) 1937-1972, April 13, 1967, Image 7
The Newberry Sun, Newberry, S. C., Thursday, April 13, 1967—PAGE 7
Income Tax
Information
Q.—Do I add the 6 percent
tax surcharge mentioned by the
President in his State of the
Union address to what I owe
on this year’s return?
A.—No, the surcharge must
be approved by Congress be
fore it becomes law.
Q.—I started work on my
’66 tax return and find the
new withholding rates have left
me greatly overpaid. Is there
anything I can do to reduce
my withholding?
A.—Yes. When the graduat
ed withholding rates were ad
opted by Congress last year,
provision was made to allow
additional allowances to tax
payers with large itemized de
ductions. These allowances take
into account the size of the
taxpayer’s income and deduct
ions as reported on 1966 tax
returns as well as income and
deductions expected for 1967.
Procedures for claiming
these allowances are outlined
on Schedule A (Form W-4)
available at local IRS offices,
this schedule and a corrected
W-4 must be filed with the
taxpayer’s employer who will
make necessary withholding
adjustments. These allowances
cannot be claimed until you
file your 1966 return.
Q.—I just turned 65. Will
my boss stop withholding Soc
ial Security taxes from my
pay if I go on working?
A.—The law requires the
employer to withhold Social
Security taxes on the first
$6,600 in wages paid each
employee during the year. The
age of the employee does mt
change that requirement.
Q.—I support my daughter
who was recently divorced.
Can I claim her baby as a de
pendent ?
A.—You probably can if you
provide more than half of the
baby’s support. Check the de
pendency requirements listed
on page 6 of the 1040 instruc
tion booklet.
Q.—There is one deduction I
forgot to claim when I filed
my 1965 return. Can I include
it when I file this year?
How Will They $pend It?
A new emphasis has been
added to one of the oldest
programs for 4-H Club mem
bers. The 45 year-old national
4-H Home Economics program
this year features consumer edu
cation, according to the National
4-H Service Committee.
The reason for introducing
the consumer section in the pro
gram is because of the need for
more guidance in this field in
view of the tremendous buying
power of American teenagers, a
committee spokesman says.
By 1970 teenagers will spend
from $21 to $30 billion. This
compares to $11 billion spent in
1963.
In less than three years, it is
estimated that more than one-
fifth of the total U.S. population
will be between 10 and 19 years
of age. The purchasing power of
this young generation will ex
ceed anything in the past.
Today approximately 1.3 mil
lion 4-H youths are engaged in
home economics projects involv
ing some purchasing. Most of
the members are girls, but with
the emphasis on consumer edu
cation 4-H leaders expect more
boys to participate.
Their reasoning is that boys
buy clothing, grooming aids,
food, furnishings for their
rooms, record players, records,
televisions and radios.
Girl members buy the same
things plus small appliances,
sewing and interior decoration
items. The importance of being
an informed shopper is further
underscored by the fact that .
today’s teens will suddenly be
come tomorrow’s homemakers.
Club members who highlight
consumer emphasis in their
projects will be rewarded by
Montgomery Ward, the program
sponsor.
Awards are six national $500
scholarships, a trip to the Na
tional Club Congress in Chicago
for the state winner, and honor
medals for four top members
in the county. Winners are
named by the Cooperative Ex
tension Services which directs
all 4-H programs.
To help 4-H leaders and mem
bers carry out program goals,
the National 4-H Service Com
mittee has published a brochure
entitled “4-H Home Economics
with Emphasis on Consumer
Education.”
This educational aid will show
4-H girls and boys, who contrib
ute a sizeable sum to the nation’s
economy, how they can get the
most for their dollars.
Among things to do are (1)
become familiar with stores in
the community (2) examine
quality of merchandise and serv
ices (3) check brands, labels,
utility (4) compare impulse
buying versus planned buying.
The young consumers also are
urged to study ads, take advan
tage of seasonal sales, and learn
about cash, credit and install
ment buying.
A.—No, you cannot. An
amended return or claim Form
843 must be filed for 1965 to
claim the deduction.
Q.—Too much was withheld
for Social Security tax as I
held several jobs last year. Can
I get this refund or credited to
any income tax I might owe?
A.—Yes, you can. A special
line has been added to Form
1040 where you can list excess
Social Security *?.x withheld.
Q.—I understand that the
first $100 in dividends is not
taxable. Does that mean I don’t
have to list that on my return?
A.—All dividends received
should be reported on your re
turn. Page 2 of Form 1040 has
a line where you may take the
exclusion you refer to. Note
that this is $100 for dividends
of qualifying domestic corpora
tions. On joint returns where
both husband and wife receive
dividends, each may exclude up
to $100 of such dividends.
Q.—How much can you get in
dividends before you have to
pay taxes on them?
A.—The first $100 in qualify
ing dividends is not taxble.
When both husband and wife
have dividends, then each of
them is entitled to exclude $100
from his own dividends, whet
her they file jointly or
separately.
Q.—Ihave a company pen
sion. Is it taxable?
A.—The full amount of pen
sion received is taxable if you
did not contribute to the cost
of the pension. If both you and
your company contributed to
the pension, that portion paid
by the company will represent
taxable income to you.
The instructions for Schedule
B (Form 1040) explain how to
handle pensions.
Errors cause
slow refunds
Some 10,443 federal tax re
turns without the required W2
witholding statements have
been filed so far this year by
South Carolina taxpayers and
those in the six states com
prising the IRS Southeast
Region.
This means a delay in the
processing of refunds until the
W-2’s can be obtained from
taxpayers according to H. M.
McLeod, IRS District Director
for South Carolina.
Copy B of the W-2 state
ment that employers are re
quired to give employees is
the one that should be attached
to federal tax returns, he said.
When returns are received
in IRS offices without a W-2
for all income on which taxes
have been withheld, a letter
requesting the missing docu
ment is sent to the taxpayer.
Until the W-2 is received, or
an acceptable explanation of
why it cannot be supplied,
processing of the return cannot
be completed.
One of the major reasons
for delay in issuing refunds is
the failure of taxpayers to in
clude their correct Social
Security number on the tax re
turn.
As of last week, Mr. McLeod
reported, 2,666 refunds had
been delayed in South Carolina
and the other six states of the
Southeast Region, because of
incorrect or , missing Social
Security numbers.
Mr. McLeod reported that
to date other refunds are being
held up because of a variety of
other errors or failure to com
ply with instructions mailed to
PROPERTY
TRANSFERS
Newberry No. 1
George K. Dominick • and
Mary Ellen B. Dominick to
John A. Whitacre and Eliza
beth F. Whitacre, one lot and
one building on Nance St. $5.
George W. Martin to Mil
dred P. Martin, one lot and one
building, one-half interest, $5
love and affection. (Yourski
property.)
Wooten Corp of Wilmington
to Sarah Keen and Rose C.
each taxpayer with his tax
forms.
Tax returns filed up to last
week included 20,767 without
the signature of husband or
wife or both. These will have
to be sent back to the taxpayer
before refunds can be process
ed.
Returns with errors in arith
metic which are causing delay
in sending refunds so far total
114,725 and returns where tax
payers have used the wrong
tax table total 39,840.
TAX RETURNS
PREPARED
T. L. BROOKS
Public Accountant
Wise St. E.ctn. — Opp. REA
Hours: 1-6 p.m. Tuesday
through Friday
INDIVIDUAL & BUSINESS
RETURNS
Phone 276-5520
The
County Agents
Column
Who’s To Blame?
The Year 1967 is still a
young’un but it has been throw
ing some wild tantrums as far
as its weather is concerned.
First, it was a mild spell in
late January, early February
followed by a record snowfall
for this section. Then, more
mild weather followed by a
hard freeze the last weekend
in February. Suddenly it was
spring again with flowers
blooming and farmers thinking
about planting corn, and bang!
—another hard-freeze with
record low temperatures. Yes
Watson, two lots and one
building, $19,885.00.
W. Fulmer Wells and Henry
B. Wells to John Earl Cromer,
one lot fronting on Fair street,
$5.00.
Frank H. Ward, Probate
Judge, to Otis Wells Jr., one
lot and one building $4,488.85.
Newberry No. 1. Outside
L. J. Matthews to C. O.
Lever and Evelyn L. Lever,
two lots, $5 and exchange of
property.
C. O. Lever and Evelyn L.
Lever to L. J. Matthews, one
lot and one building, $5 and
exchange of real estate.
Bush River No. 3
F. M. Satterwhite to C. M.
Satterwhite, 1.7 acres, $5 love
and affection.
Whitmire No. 4 Outside
J. L. Sinclair to Continental
Can Co. Inc., 104.8 acres, $9,-
432.00.
Mildred C. Suber, individu
ally, and as testamentary
guardian of Mildred Claire
Suber, to James C. Suber,
John Robert Suber Jr. and
Martin Gay Suber, 145.6 acres,
$5 love and affection.
Aubrey L. Nelson to Mary
Alice Thomas Pugh, one lot,
$10.00.
Little Mountain No. 6
Carl Lindler to James E.
.Southerland, one lot, $5 love
and affection.
A. R. Chappell, Joe N. Wil
son and G. W. Cooper, trus
tees of Prosperity Club, to H.
L. Cockrell and Lawrence Gra
ham, 2.20 acres and one build
ing $5.
Dorothy E. Shealy to Carl
M. Regal and Kathleen H.
Regal, one lot $2200.
George Irby Riddle to Carrol
Hugh Shealy and Dorothy
Riddle Shealy, 4.64 acres, $5
’ove and affection.
George Irby Riddle to Lewis
E. Riddle and Frances E. Dod
dle, one lot, love and affection.
Prosperity No. 7
W. Smith Petrea and Gay-
nell C. Peatre to James H.
Counts Jr. and Lynda Pugh
Counts, one lot and one build
ing $5.
Henry Seibert and Ellerbe
Siebert to Walter P. Counts,
12.6 acres, $5 love and affect
ion.
James D. Luther Sr. and
Annie S. Luther to Raymond
Hair, one lot $700.
sir, it seems something is
nighty wrong with our weath
er but we surely didn’t know
vhat or who’s to blame. Guess
we’re just like most other
folks, we like to talk about
the weather though we know
perfectly well, there is nothing
we can do about it. ’Reckon
we’ll just have to follow that
farmer’s adage that’s proven
more reliable than any other,
which is: “Early to bed and
early to rise; work like heck—
«nH Fertilize!”
Let’s Raise Corn!
In Newberry county and all
over the state, corn is becom
ing a crop of increasing im
portance. Here in Newberry,
much of our corn is grown for
silage. This is good for it is in
this form that the most actual
pounds of TDN for livestock
feed can be made from corn.
To make high yields we
must have fairly thick stands.
12,000 to 15,000 stalks per
acre are needed to make 100
bushels of corn or 15 to 20
tons of high-quality silage per
acre. In 38-inch rows this will
require a kernel spacing in the
row of 9 1-2 to 10 inches.
High corn yields require
heavy fertilization. Clemson
recommends for high-yields a
total of 130 pounds of nitrogen,
80 to 100 pounds phorphorus
and 100 to 120 pounds of pot
ash. This would be equal to 800
to 1,000 pounds per acre of a
8-4-12 or 5-10-15 fertilizer per
acre plus sidedressing with 300
pounds of 30 per cent nitrogen.
On good land some of our farm
ers are going to 150 pounds of
nitrogen per acre.
Spraying for weed control
is mighty important too, in
raising corn. Atrazine, one of
the corn herbicides is about the
most fool-proof crop chemical
we know about. It can be
sprayed immediately after the
planting. Many farmers are
now laying-by corn at planting
time with Atrazine. Immediat
ely after planting the added
nitrogen with Atrazine mixed
in is broadcast sprayed over
the field. In this manner all
the fertilizer has now been ap
plied and with the broadcast
application of herbicide, there
will be no grass and too few
weeds to bother with cultiva
tion.
Let’s grow more corn this
year!
MARRIAGES
Kenneth Paul Brown, and
Margie Ruth Robinson of Whit
mire were married March 4 at
Whitmire.
Alton Lee Tarlton and Mary
Sllen Rogers were married at
Joanna on March 4.
Herman W. Vaughn of Pros
perity and Myrtle Roberta
Rikard of Newberry were mar
ried at Prosperity March 4.
Allen Connelly McCormick
and Rose Massalow were mar
ked March 13 at Columbia.
Harold Oliver Sanders and
Mary S. Reames of Newberry
were married March 15 at
Newberry.
INCOME TAX RETURNS
Prepared
Federal & State $3 up
J . D . HALL
2162 McCRAVY ST.
(Across from Jim Dandy Film
Service)
T&C DRY CLEANERS
“SECOND TO NONE”
Safeguard Garments against...
MOTHS -:- ODORS MILDEW
with Dependable
SANEX MOTHPROOFING
FREE WITH DRY CLEANING
Powell E. Way
1598 Nance St. Ph. 276-4096 Newberry