The watchman and southron. (Sumter, S.C.) 1881-1930, February 27, 1918, Image 5

Newspaper Page TextINCOME TAX RULING. l>KCTsi(>\ KKLATIVi: TO ItlTl'IIXs Ii V FARM Kits I OK IXUI YIIH'AIj INCOMES Tho Killing Will tic or S|tcclal tutor est to I *nri n t ?. Who Arc Holding IjmM Year's Cotton Crop. Columbia, Feb. 21.?Farmers in South Carolina will bo particularly in? terested in a treasury decision rela? tive to their returns for individual -federal Income taxes. Collector D. C. Heyward yesterday stated that there bad been considerable inquiry from farmers who had held their crops over one year to another as to how to proceed In making their returns. Mr. Heywaid .stated that he realised fully that there would be some dlfn culty about the matter but that tho*e who held their cotton into another year would be compelled to keep at least a fairly accurate ucccunt of the expense of producing the crop. He referred to treasury decision 2153 which dealt exclusively with the re? turns of farmere and stated that cer? tain extracts from this decision wou.d be of eery great bmiefl'. to farmers throughout South Carolina in making their income tax returns: "The term 'farm' as herein used embraces the faun in the ordinary ac? cepted sense, plantations, ranches, stock farms, dairy farms, poultry farms, fruit farms, truck farms, and all lands used for similar purposes; and for the purposes of this decision all persons who cultivate, operate or manage farms for gain or profit, either as owners or tenants, are des ignated as 'farmers.' "All grains, profits, and income de? rived from the sale or exchange ot farm products, whether produced on the farm or purchased and resold by a fanner, shall be included in the re? turn of income for the year in which thr products were actually marketed and sold; and all allowable deduc? tions. Including the legitimate ex? penses) Incident to the production of that year or future yet re. may be claimed in the return of Income for the tax year in which the right to such deductions shall arise, although the products to which s u b exjwnses ano deductions are Incidental may no. have been sold or exchanged for mon? ey, or a money equivalent, during the year for which the return is rendered "Rents received in crop shares shall ^likewise be returned as of the year mwhii h the crop shares are reduced KioOeV, or a money equivalent, and ^wable deductions, likewise, shal. Worn claimed in the return of incotm for the tax year to which they apply, although expenses and deductions may be incident to products which remained unsold at the end of the year for which the deductions are claimed. When farm products are h^p for favorable market prices no deduction on account of shrinkage In weight or physical value, or losse. by reason for such shrinkage or de? terioration In storage shall bo allow ed. "Cost of stock purchased for re? sale is an allowable deduction undct the Item of expense, but money e\ pended for stock for brooding pur poucs Is regarded as capital invested, and amounts so expended do not con stltue allowable deductions except as hereinafter stated. "Where to has been purchased for any purpose, and afterward? dies from disease or Injury, or is kill? ed by order of the authorities of u Stats or the Cnlted State? and the cost thereof bus not been claimed as an item of expense, the at tual pur? chase price of such stock, less any de? preciation which may have been pre? viously claimed, may be deduc ted a^ a loss. Property destroyed by or? der of the authorities ot g State or the Cnlted States muy, in like man? ner, be claimed as a loss; but if re? imbursement is made by a State or the Cnlted States. In whole or in part, on account of stock killed or property destroyed, the amount received shal' be reported as income for the year In which reimbursement Is made. "The cost of farm machinery Is not Uli allowable deduction as an item of expenae, but the cont Of ordlni ry tools may be included under this item. "Cnder the sixth deduction enumer? ated in paragraph It. providing for \t reasonable allowance for the exhius tlon. wear, and tear of property aris? ing out of Its uh?- or employment* ? I there may It claimed a reasonable nllowane? for depreciation on farm buildings i < UsSS th in a dwelling oc-1 cupled by tho owner), farm machin? ery, and other physical property. In? cluding ntook purchase d for breeding purposes; but no clal n for deprecia? tion on stock rdo d or pun In ?? d f >r resale will be allowed. "Formers who keep books according to some approved method ?* account? ing, which clearly show the net In? come, may prepnr? their returns fiom SUCb books, although the meth? od of accounting mar not be strict? ly In accordance with tho provisions qf this decision. ?? \ person cultivating or operating Grov/ers E are now able to offer the trade in unlimited quantities the old, reliable and popular brands, bonanza jacco Guano 8-3-3 ??TKw-y ? ''..-n^ v -v-:-:-'". SSMSJKSSSESSSK Jr.. vzusz q rmoco nano 8-21-3 uer s No crop is moire dependent upon POTASH than tobacco, and those who have been reducing or cutting out POTASH will find it to their interest to return to their old standards. NEBRASKA POTASH has been thoroughly tested by State Agricultural Department and other experts and pronounced equal to, or, if any? thing, superior to the German Potash. We have an ample supply of this Potash to give any desired analy? sis to users of TT? A DE mark. It tfl 17?H&HI? 9?\ w^jr*;&-> WWFtmSrT w registered Please remember! WE HAVE THE POTASH, but it will do yon no good if you wait bo late that'the over? worked, congested railroads cannot haul it to you. A ton of fertilizer on your farm is worth two in our fac? tory. Older now. F. S. ROYSTER GUANO COMPANY, NORFOLK, VA. Read the following interesting letters frcaa Royster uscri: COLUMOUo COUNTY. N'o. I, 0, P.? 17. 1! F 1> . Tabor. X. C. Bopt. P. S. Roy I r Quano Co., Norfolk? \'a Gentlemen: I used no other goods but R ?5 1 becauae 1 ^et the best results 1 m it. I hiii three acres of tobacco which l got $7ii?r,ij. 1 have six acres of which 1 will pet six bales or 8,000 lbs, ?? i cotton. My born i.t as good a 1 1 s ipect. I want Royster s next yi Yours very truly. W. F1PP3. VANCC COUNTY. Henderson, *\\ C, R. F. 1>. No. . BOpt. 1.*. P.'IT F. S. Roy tor (luano Co., Norfolk, Va. Gentlemen: I used *lx tons of Royster B*3*3 to b.uc (ertUUer. 1 nnt proud to say . goi twelve barn off i velve icroa. 1 will av? em go a thousand pound* t<> th? barn. 1 am expestlng M.Ood around for my whoh crop. I don't want anything but Royxtei 8-3-a. Your ft lond, w. E. WELDON. FORSYTH COUNTY. F. S. Royster Quano Co.. Norfolk, Va. D?ar Sir ! I used 815 pounds of ROYSTER HIGH QRADH fertiliser this year, and And it to be tht best 1 have ever used, 1 never fall in my crop of tol ?? >> or wheat when I use Royster s. 1 hu . ?? n< 1 8f?i<t my tobacoo .o. but it is the best 1 have ever raised, and expect a liood price for i*. 1 can't peak too h ;,'.!? . No. 3 .Sept. 1917. F. S. Roj ter t luuno ' 'o., Norfolk, Va. (]? nt h u 1 : I wish 10 te ll you th t I u*e l you 1-3*2 fort II 1st r f't t' i 1.? thl y< nr ai have tiie best ?stop for 1 ?111 yen . hoi In color ;tbody, und 1 1 ill eolith no 1 u .o li I ca 11 gel II MR W. J. JARRELL ?UNITY county. Rockford, N. <\, Bopt. 27. 1917. F. s. Roy itcr Uu ? no Co., Norfolk, Va. Dear Sirs. I lui vi bean u ?Inj 13 or years, and there Is. 1 have 1 the sruno fields ander my tolmer . the part where r. S. It. w is u 1 \\.; better from the first, l could hetu cures mi it tain 1 OOUld nn the lObni'C win-re i used other brandu, und t sold, the tobacco grown on i". s R, v eraged me more In the hun Ire I i n I ? ten barns myself th?s year nnrt i nav roo<t cures on :>l lof It, sly ?ennnt i um it this year, end thoy Kay thi y i rc goii to use \\ s R, ;? fain t j ear. I expael to u ie your brand at long ? 1 can gn it lie- pectfully your . ' H t. i h::t< ' .?our f- rl ills yy t nlnlt it i-; the be mI other guanos CD:r.:oM^: county. \VhltaUer3, N. <\. Sept. 3, 1317. S Rdystor I lunno Norlola, \ a. i v.ir Sirs: i aavu I* icr. u 1I113 y >ur i-.Hi.-. rs fcr numoor ol . earj ? 1 cilcvv .?..-.. v. ,; bttiter roauiui irom K laaii any on.--, ?tanu laat wo itavo over u.^cd. it seems to je ?ie 'uliarly .. i : ti l ; on? soil, ana especially for tob? too. \ ? take |;.eal ploUHUi'O 1 <? ? ?1.1:.. a 1:: ?.aiie io l vi 10 r.; of Eastern Cai'Ollna. i cur ? \ 3 U'Vliy, 'a. . RICKS C.-.C .VELL COUNTY. l*elham, N. c-. S pi. i. 1 ??? ? ?'. :s. Royster auano U .. ..??I i' l.., \ a. i mtlemen. 1 u ca v. ?..?:: ; an I :. half bt F.-. i ?; ??;?.?> i," to, i i r ..' i i*t'..t .- rusuti iroin no i in. i i lau any i uavOo ? r . v- ill i e tUe taaie bran ..l.;. ca . i remain, Vcit. ? i esji< 11."uily, i i H 4iAb ?LiA< MCWELL PITTjYLVANIA county. /, y. Royatcfi Quano <-o., Norlolu. Va. ntlemen: l bougac DELTA TOBACCO r,i .\:-: from .w. J. J. kStticrson, ywur i'epro^e.i .\ hero, lii^c Si?ring tot my tobac croii. it mauo me u spiendtvi crupj eifae .a.f> j, ? n r aa. v aVOI'ttgl . .r? ... ..C Ui ?> ?U pel ha<; .. ? ;. i . j: ? ? me . i.>?'?? i us iop.1 ..? J7?j lra:idr< ? ? at:. . l.;e ft ; ., [i] . I n. Uil i.. Uuu. iii ? riuvrkoi to nua . i have ? cine Oa hanu ?.. .t v. :i: i ;.: :' .!? $??*? per hu'idrej .i i.io r? r.alti 'uu: name, i iruu y.?u ivul ke ?Olla Ui? '.'> i ; i pies ml . nil i . a. x. cui ry t (*u!.. Pi/TT Cr UN PY. QreonvUie, ??? ' ?. 8<?pt. ; S. Royal er ?!u ? i? i ??.. ?un( lem< n i l'.. J SO? Ii x ??. ..? iy y.y ? I: about the be t? In in . i ? i , .,. m i Qif i year, n itn i ... ibto tu oM in> 'ten . ?/ ? ? ; y ? i . ? ?? ^ "i, W lie i ?:; i :. p aero, i i]. .? ? ... ? -.i", . oly tne bcr> ... ::. Lt;ti:\Vi:3 cn".:r.i\t: COUNTY. I lo.ila ; ,i a i ?.. ... . i i ? i ?> Royster (luano i*u Nonelk, ml lemon ? i pi.reaii.-..' tor. ? f -our rr.of ? tr Irom ? .. Edv.Mid.h i id u led It ur.'i >r my lab.te ? . . new i n? ??, , i. ui. in any crop I h i ? .-. r Iti dli" ? quality r n i ? . v u,o ci ? ?"??? ry v.- y |.'| !, ? i ils ? ? i I avo j '<'? tori i.: ra uu iln. " V/. a MO:t!ll IMIi M . FRANKLIN COUNTY. &1 ipl ?villc ,N. ?!., Sept. 31, K>17. B: 8 RoyaUT uuano Ni i roik. Va. ' Sentlemen: i have th ? best i ? ;? tobacco T evei ?;??< w. t':i!- aa prl tes - line I - a ill v. \ .. r $2 i pe racro. tu led K'U rEit . i '.u and u ill .. iin. l'our stj u|v. ? J. J. DRIVER. I, 1?I7. PITT COUNTY. ':r; enylllo, N <'.. A.u". ?* S. H?r. ivr CTutinu ?., Norfolk, \ a. ?c ip sir:: You v. :!l 1 lubtb is be interested h .. >>. . ; h #v. k.v.- ore getting oa wlti our ?1 i i;:"< '. farm, : i;U > ottlnb n o /our fertillxer?, which wo h: vo t ad ox Iti ivety on in farm for ail crop * ?oi i .VO vr.'i' ,. ;.ti average aprllcatlon of i.t i i ??? act ? acre for tobacco of youi J-3--. ws prodi ? ?ounds per acre. Conisidor Inn that the t\-<> reasons have been the worst ever known In this section, on ac? count ??( excessive rains and tha. the ? >i ion ie.is farm is In a very toor sta:< of fei*tility .owing to neglect of former owners, we are more than pleased wit the results "'?t ilm '. Wikh kindest pertionai regards an*1 ??? '? he for the continued ncoess < air vtl'Jiblc .er sers, we are, V . a ? ;? yours, OOU3J '.:.' & .'i; ?KINS, Pro* i MCC K LSNDU CO U TITY. '. ;i Roy der <in ? Co.. n ??.a n i 1 y ;r : unno for tv ?; i <? r. v riling -w It .: . . 1 tr -I las: y. . < ;i .' * ??..?? ?.??? i htut ?oi nor ? Kr: ? land f 4 . ow na uro. b p i man '<r Inf?. Isns ttjjh. I ; o-. ? i l:i in Lake on ? I SS.OOtl' hili - in thin .? i '-' > n ' ot i i:. : nd it 5 i , .. OO a ' t if* t'aS .i uro. i i 'i:. ~r0 Is tin WAK C CC U . I*Y, '.'.?.ilon. N. i * . < ? Iu:t :io i "* Ik. V i. v. ;tb r ~. \ p ...... EDGECOMBE COUNTY. Rocky ^lount. N. C. Sept. 4, 1017. P. a. Roy aer Quano Co., Norfolk? \ a. i ?e:\r S:,. : it. Ki\ - me pleasure to sny a word of i ral - ? for (oyster's fertUlaers. 1 have it Iced very carefully this year where ft i fertllla . v ve been used, and i 1 ? 'lallj toi>acco, .d i. aedma to me * ? bes? P bacco r have seen IgAfJlMra * R'/y:.t?i* fettillzera acre used. Exc^j^ i Ute ? nr gC a the Ju!y rains I have ? . ? .? i iwn a better crop und I used t star's fertUlaers. II. D. BAKER. LUNEN3URG COUNTY. Fort Mitchell, V.t.. Sept 22, 1D17. '. S. Hi-...itcr Quano Co., .\oriolK, ? ir Sirs: V. .:. : ... i h::v e ? ? a u in.^ JTOV goods 'or the pi I fifteen years and it is a .?.;?.? easy matter ior me to say that it . er ,c peclally the P.onan^a. which lia\e not 'een able to and for the past wo years, which \cels iy th .t 1 have ? r cultivated. ?t grew tobacco faster, .1 l ii?.i better esults from that than [ have ever u ted. J. A. YOUNG. PITT COUNTY. a. Key-tor Quano Co., Norfolki Va. ?ear Jii;>: liiivir;; used your fertilisers for the . u.., eensons .and having obtained i a highly satisfactory restuta. I feel ;..it you might be Interested to know . fit ... - > :< w thirty* iiin* acios f tobacco this year . nder . ad> ?? com "s >. thai will aell for ?.-. r 110,000. i a! o find I our \\ Ods ;ua!ly good fo?" other Tops and shall .? \ ? ?? ?! itgaln. \.1 st wl?he i, 1 :hi. ti E. ALRRITTON. ICCitLENBURQ COUNTY. Pino ywood. Va.. ^ -t. 17, 1317. J lio, lei ?;ua o Co., N . Vo. nflen ii. i n ? it .i it ? j our guano for ov . r| i cii n eay that it is all o. f : ... c ops. 1 expe< t t ouse it i i. i It Ix ide some other and llnsj hat my tobacoo was ? . b? ?; t .n<l pip ? >\ uj? t.-n days her ii un your au ? tlian It did from ih< ? ? rada. Vei v '.ruly. J. 1J. BURNS. 'I a. f lUNCWICK COUNTY. rtawlings, Va,, Aug. i'8, 1017. :c.v.tl( r ciua i ?Co., .s rfojk. Va. i ; OUT gUI no Is y ar for the ? I, , nd c. mpared it with other on tree llfferent pieces ?.?f land, tat ? >urs Is f ? ahead. 1 usod I on h it ly recoKunend this ?..??? i i tOltaOOO on ((Oil. I Shi 11 lwavs got it iHMtf Ible I can do ao. u; tnosi : incerely. :.. It l?RITCHJ5T1 I I inil for ro<reatinn or pleasure, OH a beats other than tin- recognised principles of commercial farming) tin" reaull of which la a continual leen from year to year, Ii not regard* ? d as a farmer. In such cases, It the esf.ea.es incurred in connection with the farm are la excess of the receipts therefrom, the entire receipts from ?ale of producta may be Ignored In <? aderlni a return of Income, ami the expensed Incurred being regarded a* personal expenses win nol constitute allowable deductions in the return ol income derived from other lOUrces.' In connection with the holding Ol rrops Col loot or Hojrward stated thai farmers, provided they Keep l.onl.s in tie manner indicated in this doolslotl, may Inventory crops unsold <"t tl. ?lose of a calendar year at ^ost of pioduction and may repot* I"?' IhCOl 10 purposes the difference hotween h inventory valuation and the price received for the crops when sold, it is hoped by the collector'*; office lhat though the time for ti" making of Income taxes has been < \ tended to April 1st that the taxpayers a/Ill not v.aii for the rush which w bound to come when the liisi of April approaches but will proceed to make their returns now while i h<? depuP eo)lectori are In the Held to a pi them, Icrltiio Palls ?id?> Hand- of British. London, Kol?. 82. The BrltUh have captured Jericho, in Palestine, kii(> war office reports today. ? Jericho was entered by Australian troops yesterday. Little opposition was encountered. Later the Austral? ians established themselves on th< lino of the Jordan and Wndlauja. On |he north and northwest of Jerusalem Iba British advanced positions war sxtended slightly, and rendered se cure. The olllolnl statement reports the continuation or had weathor. Hltall UHA1SI0 !'"!: AMKIUCAN PKOpIJS. Jules Juwrund Delivers txminicmor aitix?- Villil'CMH tu Solln und DnUtfll tcrx iif Ahu rii'iiii devolution, Washington, Feb 21. The irrem or j of Washington was extolled i>y French Ambassador Jussemnd, In an nldr< to the commemorative mass moot in today under the auspices of the som and daughters of the American \\c>\ olution. "Evcrybodj knows th unanimity of feeling ??1* French people who met Washington, how during our revolution French citizen ship was bestowed on him aw ope Of the benefactors of humanity/' Jusserand said: thai the work of win? ning tin- present war must be done bo that h may not have to he done again. Hi praised the enthusiasm valor, resourcefulness and inexhaus? tible generosity of the United state >; - \<.i nio.M i i;i;\(nt, ni'AiiTii coxmtioxs imimjoxc. Haiinlnsj * Koutl Carolina >\y ? Death I t?te in < amps saseg }?:? ::. :. i>f Prohibition Amend- ' X??vemher. mem ll< ? i ? ? i n use Tod >. - i Washington. Fob'. 22. -Health eon* roMi raiincation < >! t h prohibition amendment (o tl titu! mi w. h unnoum <??! In thi ttnluj In a message read "ron Mi .mill..-, reporting tlie action I. alslature. e South i dltlons of all American srmy oampa national; ^ 'IKK ANS IX PATROL I 11 pneumonia. show : decided Improvement i" we week t ided Februarj 15th. Cor the weol th< a*as i lower death rate in , mpi than .it any time since No |>er. The deaths at all camps totalled: One hundred and seventy* seven, of which nlnety-elx were from Opc German Killed, Another Wound- tx>0rj R|?t I Ai loxs. ed. _ With American Amu i i Franc vVasningon, Feb. 22.?The state Fob. 22. - in a patrol fghi a de* I Food Ad ? strators were ordsrog to tachment of Americans rom unih ?????? strictly the food ad row ujrtder instruction In (ambus i nation's, ruling requiring bakers < hemlQ flea Dames sector, kilh I < i twenty per cent, of wheat Hour German and cs itured another, one suhstitutee in ail Pakery products by American was slightly grounded. Februarr 24th.

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