Social New Rates In 1959 For The Self Employed No. 7 Of A Series Iowa City, Iowa, Jan. 8 — Changes in social security laws affect most farmers after Jan. 1, 1959, says tax specialists in the Agricultural Law. Center at tht State University of Iowa. Benefit payments increase the first of the year and taxes to support the program went up, too. The Law Center cooperates with loWa State College and the U. S. Department of Agriculture in conducting research on farm law and economics. Self-employed farmers: There is no change in self-employment computation for 1958. But owner- operators, tenant farmers, partners and others receiving self-employment income are scheduled to pay more social security tax on '59 income. The tax increases from 3 and 3/8 perecent on a maximum of $4,200 to 3 3/4 percent on a maximum of $4,800 self-employment income per year. The tax is figured on net earnings and is paid when the federal income tax return is filed. Self-employed farmers have a special option when income for the year is low. If gross income Chcmqes To Farming is $1,800 or less, two-thirds of gross income may be reported as self employment income. If gross income is over $1,800 but net earnings are less than $1,200 a fanner may report $1,200 a self- employment income. Acreage-reserve payments (soil bank) are considered self-employment income, even if the entire farm goes into the reserve. But if the farm is rented, the acreage- reserve payments are treated like rent to the landlord. Landlords: Generally, landlords who have leased their land .or are in a crop-share arrangement are not considered self-employed. So they do not pay social security tax or receive benefits on rental income. Folks who have paid into social security long enough to become fully insured (generally 40 quarters) may find this to be an advantage. But for those who need the extra income to qualify for maximum benefits, it is a disadvantage. For landlord's farm income to be considered self-employment income, the "material participation" requirement must be met. If a lease provides for landlord participation in production and management and the participation is actually carried out, the landlord will be liable for self-employment tax and eligible for social security benefits. It is important to get the agreement down in writing and then keep records of participation. Material participation is easier to justify with livestock-share leases than with crop-share liability... to start strong and. slay strong. layability . . . "produce early; and lay longer. FOR payability high quality,' strong-shelled eggs for- top market prices. your best buy it's DEKALB CHIX. Order yours today! lenses. Folks wishing to even out their income as they near age 65 may want to consider re-organizing the farm business as a corporation. Within reason, normal fluctuations of net income may be smoothed out. Employers and emPloyees: Social security tax rates on wages paid also increased on Jan. 1, 1959. Employers and employees should now be paying 2% percent on a maximum wage of $4,800 as compared to 2 ! /4 percent on a maximum of $4,200 in 1958. Farm employers are required to have an employer's identification number. Folks who do not now have a number may obtain one by filing Form SS-4A with the District Director of Internal Revenue. These forms are available from social security or internal revenue offices. The employer must keep records on each employee to whom he pays $150 or more per year or on each employee working on a time basis (hour, day or week) 20 days or more per year. The records to be kept on, each employee include his name, social security number, cash wage payments, records of timfe worked & the amounts deducted as employee social security tax. Then the employer files Form 943 (Employers' Tax and Information Return for Agricultural Employees) before Jan. 30 for the previous year's wages paid Whenever an employer has $100 of tax accrued, he is supposed to deposit it in a federal depository. The local bank can give instructions how this should be done. No tax is due and no benefits result from children under 21 working for parents, a spouse working for the other spouse or a parent working for his or her child. This is the seventh of 8 articles on farm income tax prepared for the Algona Upper Des Homes by the Agricultural Law Center The final article in the series will discuss the times and methods ot filing. Julia Raney Wesley Bride EUGENE HOOD, Algona, Iowa FRANK DRQESSIER, Bancroft, Iowa ALPHONS BERTE, Bode, Iowa EARL ELBERT, Whittemore, Iowa HOMER MATTHIESEN, Fenton, Iowa Mrs Thomas V. Forburger is pictured after her wedding, Saturday, Dec. 27, in St. Joseph's Catholic church at Wesley. She is the former, Julia Raney, daughter of Dr. and Mrs H. H. Raney of Wesley. Attendants at the ceremony were Patricia McMahon, maid of honor and Ida Mae Kutchara, Lake Mills and Mrs Merle Loss, Algona were bridesmaids. James Raney was best man and Dean Kleinpeter and Merle Garman were groomsmen. Dinner was served to relatives and friends at the parish hall and a reception was held in the afternoon. The bride is a graduate of St. Joseph's school and the Wesley high school, attended Clarke college, Dubuque and the University of Iowa. The bridegroom is a graduate of the Wesley schools and of Iowa State College. He is a 2nd Lieutenant in the army stationed at Milwaukee, Wis. After a short wedding trip the couple is at home in Milwaukee. (Glenn's foto — UDM engraving) Mrs. Sophie Ellsworth Mr and Mrs S. P. Powers arrived home Monday after visiting with relatives 'in California for a month. Rev. and Mrs Virgil Smith and family of Babbit, Minn., arrived Tuesday for a visit of several days with his father, J. E. Smith and his .sister and family, Mr and Mrs Herman Jutting and Judy. Mrs W. D. Ley drove her father, Rev. L. J. Odlund to Mason City' Monday where he boarded a train for McAllcn, Texas. He will spend the winter there with another daughter. Mr and Mrs Alvin Boettchcr and family drove to St. Paul, Minn, on Thursday where they visited her mother, Mrs Grace Keaproth. They were all dinner guests of Mr and Mrs Dick Bchse on Friday. . Mr and Mrs William Wertjes and J. E. Smith drove to Rochester, Minn, one day this week to visit George Ennon at the St. Mary's Hospital. Mr Ennon is much improved. Mrs Dave Patterson returned home Monday after spending ten days at the home of her son and family, the Kenneth Pattersons at Park Ridge, 111. The Kenneth Pattersons have a new baby daughter, Jane Ann, born Dec 19. ;jjj^jj^i^iiiii^^ _^_ I >••!! ••• north of Armstrong on my farm located 2 miles east and 4 miles of the Frisbie State Line Store, on Sale to Start at 1 O'clock Sharp 16 HEAD OF CATTLE ,. One Roam One Rubber Tired Wagon and 110 bu. Flare Box Thursday, Jan. 15, 1959 Algona (!a.) Upper Des Moine«-5 talk by Gene Huscamp of Fenton who told of a recent trip to Europe. H" also showed slide. 1 ' of many farms and livestock raised in various countries in Europe. Refreshments I he close of the Lylo Englands Strucckers. were .served at meeting by llio and the John 1947 John Deere Tractor, model B, with starter, lights, cab. Heat Houser. all good tires. John Deere 2-row Quick-Tach Cultivator. John Deere 2-bottom 14-in. Slat Plow, good shape. John Deere 15-fl. Disc, good shape. 1947 John Deere Side Delivery Rake. John Deere 2-row, 290 Corn Planter with Fertilizer Attachment. 3 Section Cultipacker. 2-row Humboldl Stalk Cutter. John Deere 12A 5-ft. Combine with engine and pickup, good shape. 8-ft. Binder, converted to windrowcr. •*- COME EARLY AS NO SMALL ;„ FOLL oWIHG ITEMS WILL BE sHo AT THIS SALE BY RAY YUNGEBERG: _ 19 55"^M ™«™ * C«n Sheller, in except ^gjon. <| D»jfaction .J™™*^^Chevrolet Truck big 6 Motor 2 speed ax U. ^ombmaiio^ UJi.^ x ^ ^^ ^ ^ ^ 14-ft. McCormick-Deering Grain Drill seeder attachment, double disc. 10-fi. Spring Tooth Harrow. f 4-seclion Avery Rotary Hoe. John Deere 20-ft. Drag, 4 sections, steel folding evener. 40-fi. Soil Fitter Elevator. Overhead Wagon Hoist. 3 H.P. Electric Motor and Speed Jack on Skid. 275-gallon Fuel Barrel. 2 Wheel Trailer. Few miscellaneous items not listed. ARTICLES WILL BE SOLD Mr and Mrs V. A. Barrett en tertained at a post Christmas dinner Sunday with all their family present. Those from out of town were the Virgil Barretts Jr. of Sheldon, Mr and Mrs Clark Stevens and Vickie, Macomb 111, and Lurene Barrett of Dei Moines. James Bruer, who is with the U.S. Air Force and stationed al Indian Springs, Nevada, arrived home Thursday night for a tw< weeks leave with his family and friends. Mr and Mrs Virgil Blomstei and family of Swea City wert Sunday guests with his brothe; and family, the Robert Blomsters Mr and Mrs Loren Sachs o Oelwein arrived at the parental Rufus Olthoff home Wednesdaj evening. On Thursday they wen: guests at the Alvin Swanson home in Swea City. Mr and Mrs Ed Ranney o Iowa City visited from Tuesdaj, until Saturday at the home of her parents, Mr and Mrs Jakie Peterson. LeRoy Janssen of Lakola was elected secretary and treasurer of the Winnebago County Hol- sticn Breeders Association at the annual meeting held at Thompson Dec. 17. Mr and Mrs Burdette Ilocppner and family spent Christmas with Emma and Leona Gulkncehl and Friday drove to Calumet, where they .shared a second Christmas with his parents, Mr and Mrs John Hoeppner and his brother, Paul and family. Mr and Mrs Leonhard Christ entertained Mr and Mrs Dick Weinkauff and family, Mr and Mrs Walter Sohn and Mr and Mrs I Mark Weinkauff and family for * Christmas. Mr and Mrs Floyd Claybaugh had as Christmas guests their daughter Sherry of Rochester. Minn, and Phillip Schmidt, a medical student at Chicago University, Chicago. Christmas Mr and Mrs Robert Steele, their daughter, Rena and Atta Johnson were guests of their sister, Mr and Mrs Lance Riebhoff in Burt. Tuesday evening Mr and Mrs Andrew Jansen and Mr and Mrs Arnold Karels of Frost, Minn, were callers at the Lamont Jansen home in Bancroft. Saturday night guests at the Robert Steele, Atta Johnson home were Mr and Mrs Lance Riebhoff and Lorena and John Riebhoff, Burt. Mr and Mrs Arnold Karels of Frost, Minn, and Mr and Mrs Lamont Jansen and family of ^H or make arrangements before sal.. Ho property to be removed from the premises for. NoT responsible for accidents, should any occur. IRWIN REST!, Owner First Trust & Savings Bank. Armstrong, Clerk. Yungeberg & Quinn Bancroft spent Sunday with ;heir parents, Mr and Mrs Andrew Jansen. Mr and Mrs George Wempen and family of Buffalo Center and Mr and Mrs Everett Thompson and family of Ledyard helped Eldon Thompson celebrate his birthday Sunday at the parenta Lauren Thompson home. Mr and Mrs LaVerne Edwards had 'as Saturday o v e r n i g ht guests her brother and family, Mr and Mrs Art Jantz of. St. Paul. Mrs Frauke Schadendorf thoroughly enjoyed having her children, grandchildren and one great grandchild with her on Christmas day. Those present were Mr and Mrs Roy Ennon and Don, Mr and Mrs Alfred Schadendorf and family and Mr and Mrs Junior Hurlburt and family all of Lone Rock. Mr and Mrs Al Johnson and sons spent Christmas with her parents, Mr and Mrs Edward Slama at Winnebago, Minn. On Sunday the Johnsons were at Amboy, Minn, with his mother, Mrs Josephine Johnson. Mr and Mrs Conrad L. Schissel and family of Adams, Minn, were Sunday guests at the A. C. Schissel home. Mr and Mrs Frank Lewis of Minneapolis were weekend guests at the parental Hugh Lewis home. Dr. and Mrs P. C. Ceilenfeldt and family and Mrs Amelia Koppen spent Christmas clay with the Leo Johnson's at Curlew. Mr and Mrs Lou Nitz spent Christmas with their son 1'aul and family at Ledyard. Mr and Mrs John Gricse enjoyed us holiday guests her sister and husband, Mr and Mrs John Larson of Chicago and their daughter and family, Mr and Mrs Charles Peterson and Jim from Fairmont, Minn. Mr and Mrs Lauren Thompson spent Christmas clay with their son Everett and family at Ledyard. Sunday Mr and Mrs John Greise attended funeral services at DollivL'i- for Harold Knapp, a cousin of Mr Greise. Saturday guests at the Lauren Thompsons, included his mother, Mrs Real Thompson of Forest City. Mr Leon Kremei of Wells, Minn, spent Christmas day at tho A. C. Bierstedt home. A large family Christmas day dinner was held at the Fred Asche honie. Those present included Mr and Mrs C. W. Buckels and family. Mr and Mrs Herman Bosnia and Mr and Mrs A. C. Wilcox, Edna, Geneva and Roger were Thursday evening guests at the home of Mr and Mrs Kenneth Beck and family. Mr and Mrs Wilson Brack and Roger, Frank Lewis, Howard Lewis and Mr and Mrs Lawrence Lewis and family were Christmas Day dinner guests at tho Hugh Lewis home. Blakjer Church At Seneca Names Officers Seneca — The Blakjer Congregation held their annual congregational meeting Tuesday afternoon at the Church. The meeting opened with devotions by Rev. Harlan Blockhus after which reports by the various secretaries and chairmen of boards were read and standing committees were gjvcn. The pastor gave his annual report after which the group voted on the adoption of the Evangelical Lutheran church budget. Officers re-elected i n c 1 u d ed rlenry Looft, chairman of tho congregation; Ted Jensen, secretary; and Martin Wilberg, treasurer. Lawrence Johannesen was elected vice chairman; Amey Cherland, trustee, to succeed P. H. Jensen, who resigned that position; Melvin Bratrud was elected deacon for a three year term succeeding Lawrence Johannesen; Gaylord Oleson was elected to the Board of Education, succeeding Kenneth Halverson. and Fred Johannesen and Ray Bergum were chosen auditors. Henry Looft was elected sexton and Lawrence Johannesen, Bible carnp representative. Otto Wilberg was elected delegate to attend the Circuit convention and Curtis Olsen war chosen as alternate. Henry Looft was chosen delegate to the E.L.C. District Convention to be held at Luther College at Decorah in June and Julian Cherland was elected alternate. Mrs Otto Wilberg was elected special music chairman. Officers continuing their duties include Henry Wilberg and Odey Cherland, deacons; John Johannesen arid Henry Jensan, trustees; and Fred Johannesen and Julian Cherland on the Board of Education. As I have decided to quit farming, I will hold a Public Auction on the farm located 8 miles North of Swea City to Minnesota line and l'/2 miles East; or 10 miles West of Elmore, Minn. — On Sale Starts At 12:30 P.M. a <wfl~aH3H Millie's Lunch on Grounds! Choice~Purebred'and "High" Grade Angus Cattle 39 — • 19 Black Angus Cows - (Bull turned in July 6th.) • 2 Black Angus Heifers - Twl YearToid. • 11 Black Angus Steer Calves, o 7 Black Angus Heifer Calves. « Yearling Black Angus Bull (Eligible to Register!) Seniral P.T.A. To Meet The Sentral P.T.A. will meet at the Sentral building Mondaj evening, Jan. 19. Speaker for the evening will be a Mr Smith from Gilmore City who will speak on cancer and show a cancer film. Have Parent Night The Seneca Progressive Farmers 4-II Club were hosts to the Seneca Stars and the parents of both clubs at a Parent Night held at the Seneca school gymnasium Monday evening. The program consisted of a FARM MACH'NERY — • 1953 Super "M" Farmall ( perfect shape & low hours. Tractor was not used until 1954): • Mc-D. 438 4-Row Cullivaton • Farmall "H" Tractor: • Heat Houser; « "238" 2-How Cultivator; • 1952 2-M Corn Picker; • Stan-Hoist Manure Loader wUhlnow bucket; e AC "60" Combine, complete with wagon hitch, pickup, straw spreader and good canvas; e John Deere 490 Corn Planter with Fert. Attchs, and 120rrods of wire (like new); •Lindsay 4-Sociion flexible-lever Drag; . 15-Ft. John Deere_Disc; •Mc-D. 3-14" Plow with high-speed slat bottom: • John Deere 4-B Z-16 Plow •25-V Mc-D. 7-Ft. Mower; • 12-F1. Field Cultwator; • AC 4-Bar Side Delivery; • Gehl PTO Hammermill: • Speedy Sprayer with down drops (new); • New Idea 14-A Manure Spreader; •Rub- bor-tired Wagon and flare box (new rubber); • Rubber-lired Wagon and flare box; • Farmer's Friend Elevator and hoist; • Windrower; • Jay Hawk Stalker; • Tractor post hole digger; • 12-Ft. Grain Auger; • Air Compressir. ' Mr and Mrs Kilmer Hanson spent Christmas day with their daughter and family, Mr and Mr?. Joe Murray at Bancroft. Wednesday evening guests at the A. C. Schissel home were Mr and Mrs Harry Mussman. FURNITURE - 15-Gal. Hot Water Healer; Steel Dexter Double-tub Washing Machine; Double Dram Tub*. Z _., Burners; 275-Gal. Fuel Tank; Girl's Tricycle; Youngslown Kitchen Sink with cabinet and drain board; Grey Permalux Davenport and Chair (like new); Philco 9-Ft. Refrigerator with 35-lbs freezing c^mparlment; 9X12 Brown Rug; Maple Bedroom Set. complete with bed/springs, mattress and chest of drawers; Egg Washer; and many other miscellaneous items. Buildings & Feeding Ecruip. — 10X12 Brooder House; 4-Pen Hog House; Range House; 3 — Poultry Range Feeders; Tox Quick Cattle Scraicher; Cudahy's Salt Box; 2 Hog Waterers; 3 Hog Feeders; New Chicken Waterers; Chicken Feeders and Chicken Nests. 80 HOGS — 80 Mixed Feeder Pigs. 700 Bales of Alfalfa and Timothy Hay. Usual Auction Termsl Not Responsible For Accidents! Clark and Clark, Auctioneers Swea City Stale Bank, Clerk. As I have decided to discontinue farming and move to Algona, I will sell the following described personal property on the farm located 3'/ 2 miles south of Elmore. or 5 miles north of Lakola on high. way 169, on THURS., JANUARY 22 Sale Starts Promptly at 12:15 o'clock, Millies Chuck Wagon on the Grounds. 18 Head Hereford Cows. Bred to purebred Hereford Bull since Junel T.B. and Bangs Tested. 16 Head of choice Hereford Calves 6 to 8 month-, old. 10 Heifers, calfhood vaccinated and T.B. tested. Hereford Bull, 8 months old. T. B. and Bangs tested. 6 steers. 500 Bales first and second cutting Alfalfa Hay, 100 bales good third cutting, oil in barn, no ram. 200 bales Straw in barn. FARM Science Shrinks Piles New Way Without Surgery Stops Itch—Relieves Pain 26 Chester White Fall Pigs 150 Lbs. inch blades. New Yi.rk, N. Y. (Special) -For the first time science has fouiul a new healing substance with the u*ton- ishiiii; ability to shrink hemorrhoids, stop itching, and relieve pain —without surgery. In case after case, while gently relieving paio, actual reduction (shrinkage) took place. Most amaiingof all— results were so thorough that sufferers rnuJe astonishinK statements like "Pile* have ceased to be a problem!" The secret is a new healing substance (Bi'.>-Uyne«)-discovery of a world-famous research institute. This substance is now available in sup]ionituri/ or ointment form under tho name Preparation H.* At your drunsist. Money back guarantee. •B<*. U. S- F»U Oft. •&tfSZ^^^ TERMS: CASH or make arrangements before the sale No property to be removed from the premises until settled for. Not responsible for accidents should any occur. time so come early. OTTO EWG Owner Quinn & Yungeberg, Auctioneers. First National Bank of Elmore, Clerk.
Get access to Newspapers.com
- The largest online newspaper archive
- 11,900+ newspapers from the 1700s–2000s
- Millions of additional pages added every month