The Palm Beach Post from West Palm Beach, Florida on November 14, 1968 · Page 12
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The Palm Beach Post from West Palm Beach, Florida · Page 12

West Palm Beach, Florida
Issue Date:
Thursday, November 14, 1968
Page 12
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A12 Palm Beach Post, Thurs., November 14, 1968 . Save... where its so Safe! Tax Questions Answered This column of questions and answers on federal tax matters is provided by the local office of the VS. Internal Revenue Service and is published as a public service to taxpayers. The column answers questions most frequently asked by taxpayers. Q How do I go about putting in a claim for a refund? A Enter your claim on Form 1040-X. Amended U.S. Individual Income Tax Return. Copies of the form and Instruction for completing it are available at local IRS offices. Copies may also be obtained by writing to your District Director. The new Form 1040-X is simpler to complete than previous claim forms or amended re turns since only the information that is new or changed needs to be entered. Claims filed on this form are given special attention, and, In most cases, can be processed much faster than heretofore. Q What conditions have to be met before you can deduct an educational expense? I'm thinking of signing up for a course that will help In my work. A For education to be a deductible Item it must either be required to keep your present salary, status or employment or it Is taken to maintain or Improve the skills required In your present work. Education taken to meet the minimum educational requirements of your present job or that qualifies you for a new Job or business is not Sears svv lg Sours I unions 3st "v. '. ' "fl (.Uiiranlce Llffl Guaranlw of complete Mlisfae- tfg) j 11V r lion backs all shipments. You 3g J I ,CiUP f B B B I B Ej JAP B B B E , BBBl 6 MONTH REGULAR SAVINGS SAVINGS CERTIFICATES 2 Qm 5 I COMPOUNDED QUARTERLY VIJ MINIMUM $5,000 deductible. if you believe the .course qualifies, a letter from your employer which states the purpose of the course you are taking will help substantiate your claim for an education deduction. Receipts, cancelled checks and bills for the tuition, books and other expenses of the night course can establish the amounts you spent. y My lather died last March. Will a 1968 tax return have to be filed for him? A A return will have to be filed if his Income was $600 or more for the year ($1,200 or more if he was 65 or over). If a return is required, it should be filed by the executor or administrator of the taxpayer's estate or his legal representative. It may be helpful for you to get a copy of IRS Document No. 5446, "Decedents." Just send a post card to your IRS district director. Q My son has a small scholarship that covers part of his college tuition. Will he have to report this as Income or will I since he Is my dependent? A Most scholarships are not taxable. If your son's scholarship happens to be taxable, however, it will be counted as his Income not yours. He would report it on his own return. To find out whether your son's scholarship is taxable or not, check with the person or organization granting it. Information on the tax status of scholarships may also be obtained by sending a post card to your IRS district director and requesting Document No. 5045, "What is Income?" Q I just started in business for myself after years with a large company. Would the fact that I'm covered by Social Security prevent me from setting up my own retir-ment plan? A No, a self-employed person covered by Social Security is eligible to set up his own retirement plan. gC are assured lhal prrfect fruit 5gj'"J jlfP s gC will reach ill destination in ab- j?g i f cp lNolulely perferl condition. 1 Shop Sears Til :30 p.m. Monday Thru Saturday Deluxe Indian River Navel Oranges and Pink or While Seedless Grapefruit 99 19 Reg. SI !.). Full Bushel 10 Hep. S7.).- One-half Itllshrl Q FIDELITY FEDERAL Juicy, vitamin rich tree-ripened IMavel oranges and fresh succulent pink or white grapefruit in big half or full bushels. Let your friends hack home know you still remember them. Send Nature's finest gift, picked ripe from the tree. Shop Sears for a complete selection of first quality fruit. Prices include shipment prepaid anywhere in U.S.A. except Ariz., Tex. Mail, Phone Orders Accepted til Dec. 8th. SAVINGS AND LOAN ASSOCIATION NorUilaki Blvd. Office it Prosperity Firms M.. m street Offict at Iroidvn Liki Park GCOKGi I. PDCSTON, Pieildcnl Welt Mm BllCh Open 'til 6:30 P.M. Friday Evas. Optn 'til 6.30 P.M. Friday Evtl Sears SHOP AT SF.ARS AND SAVE Satisfaction Guaranteed or Your Money Back 302.) S. Dixie II wy. W est Palm Reach Tree Parking "SCAHS, ROfcBlK K AND CO. CARPET DISTRIBUTORS, INC. fin yMSIPUT M mm uuou NOW! Bill Earnest and Helen Hoffmann bring you carpet specials just in time for the holiday season at budget prices! ti NEVER BEFORE FREE ESTIMATES IN YOUR HOME AT NO OBLIGATION BUDGET TERMS AVAILABLE PLENTY OF FREE PARKING FRONT & REAR SUCH WONDERFUL VALUES! 4634 South Dixie West Palm Beach Phone 833-7600 m . -- iiiinimpwiiiii.ifn . 11 111. 111, 1, imii.iii imm 1 i i i. i ) mi IUI..i IWIii, uiu iii..nifM .nui H .i i . . ..ii..l.l mrn m j m wiwu... 1 1 n ... i, y hi lii ii.ii j ii m. him mm. u. jilii 11 n 1 iiihu.uhuh.ii mm u mi mum i i. n n.n n . . ! i ) iiji 1 k Z4 NYLON SHAG X '. j . -M 7 Beautiful Color. W" V-V ;:fsm glamour f NYLON f'M SHAG 1 f SULTRY SHAG Kj 9 special selected decorator colors V-y V i (Stock and special orders) ' budget pneed at J, 1 6 Exciting Colors : " 16 Vibrant Colors $45 $50 95 i

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