The Courier News from Blytheville, Arkansas on January 19, 1955 · Page 2
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The Courier News from Blytheville, Arkansas · Page 2

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Blytheville, Arkansas
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Wednesday, January 19, 1955
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Page 2
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PACK TWO BLYTHEVILLE (ARK.) COURIER NEWS WEDNESDAY, JANUARY 19, 1958 Your Income Tax-3 Joint Return Can Help MANILA NEW3 , By FRANK O'BRIEN AP NewiffetiirM Whatever tax form you use, an early question to be answered, and one that can make a considerable difference In your tax bill, is whether you are filing a Joint return, or filing separately. If you are filing; separately, you may be qualified to file as a "head of household." There is something new in joint return provisions this year for many recent widows and widowers. The joint return, and the head of household return, are special tax laws dispensations for married couples and for single persons who are supporting a household If you qualify for one or the other, it will in nearly all cases be to your dollar and' cents advantage to use the special tax status they provide. The new tax law jave recent widows or widowers, who meet certain conditions, the privilege of figuring their tax as though they were filing a joint return. Here are the joint return conditions, to be followed by discussion of who qualifies as a head of a household, and what that means to you in terms of tax cutting. The joint return— You may file a joint return using either form 1040A or form 1040, short or long. The joint return is for married couples, and. for widows widowers .whose spouse died during the last tax year U954 in this case). Filing -jointly allows you to add together the income of both husband and wife, and then after giving effect to deductions and exemptions, divide the balance equally and find the tax on one half of the total. It is the possible shift to a lower tax rate which makes the difference—you do not pay tax on any less income. Users of form 1040A do not add together the income of husband and wife. They put their Incomes (if both had income) down separately. The district tax director does the income adding and splitting. You may not file a joint return if: 1. Either the husband or wife was a nonresident alien at any time of the year. 2. When husband and wife have different tax years. One might pay taxes on the calendar year basis, while the other operated on a fiscal year, from March 1 to April "30, for instance. In that case, the couple must file separately. 3. If husband and wife become divorced or legally separated at any time In the year, up' to and including Dec. 31. If during 1954 you obtained a - divorce decree in a state which issuses a temportary, inter - localatory decree that does not become final for some time afterwards, and the decree is not final until sometime in 1955, you should seek expert advice based on your state laws. If you marry at any time during the tax year, up to and including Dec. 31, you and your spouse may file jointly for the entire year. Remember .that both parties to a joint return must sign the return, even though only one had income. If husband itemizes his personal deductions on a joint return, the wife's personal expenses must also- be itemized. If husband or wife • dies during the tax year, the survivor can file a joint return for that entire year, (even if the death of the other took place on the first day of the year). The survivor can claim a full 600 exemption for the deceased, and take the deceased's deductions. The survivor, in other words, has full joint return privileges, for the year in which death occurred. The new tax law stretches this provision, with some restrictions, for two years, in this way: It allows a widow or widower to calculate his tax as though filing a joint return (all the privileges of a joint return, that is, except that no exemption is claimed for the deceased)' for two years after the tax year in which death occurred, under the following conditions: The survivor must not have remarried. The survivor must maintain a household in which he supports a son, daughter, stepson or stepdaughter who is an exemption for the taxpayer. And the survivor must have been able to file a joint return with the deceased in the year of death. This means that: A widow or widower whose spouse died in 1952 may, if he new provision, calculate his 1954 tax as if it were a joint return. In the case of a death that broke up a marriage in 1953, the survivor who meets the restrictions may calculate his tax as M tiling a Joint return for both 1954 and 1965. In case of death breaking up a marriage in 1964, the survivor may file an actual joint return for 1954, and for the years 1965 and 1956, if he meets the restrictions, may calculate his tax as though filing jointly. After these years have run out, the willow and widower may join other single persons who qualify a* a head of household. You are eligible ai * head of household only if: 1. You are single (or legally separated) at the end of the tax year. 2. You have maintained a home, as your household, during the entire year (except for temporary absences, such as vacation trips), and this household must been the principal home of 3. Any related person for whom; you could claim an exemption | (except in the case of a person being supported by more than one taxpayer — which is to be discussed in the next article of this series), or 4. Your home was the principal home of your unmarried child, stepchild or grandchild, even though not a dependent of yours. 5. You also qualify if you pay more than half the cost of maintaining a household (it need not be your home) as the home of your father or mother, and either qualifies ae your dependent. If you qualify as a head of household you will be directed, in line 6 of the tax compution box on page 3 of form 1040, to use tax rate schedule 2 (on page 14 of the instructions) in figuring your tax. You will see that the rates are lower than In tax rate schedule 1, Attention TV Owners! We can now offer you what you have long been waiting for... Picture Tube Guarantee Service For only a small yearly payment, we can guarantee your picture tube. Phone or come by our shop and let us explain our rat** and service. Call 3-4257 Days - 3-6704 Nights Leon Robertson's RADIO & TELEVISION SERVICE 515 E. Slain Blytheville, Ark. HE JUST INSTALLED... Natural Gas His wife is happy because... ..#» UNIFORM This happy man could be you .. . if you delight your wife and family by installing Natural Gas! She'll never have to shovel coal or haul ashes again . . . she'll complain no more about oil scum on furnishings and windows I Install convenient automatic Natural Gas healing equipment" right away. You'll enjoy clean, uniform healthful heat . . . and 'save money, iti CONVENIENT it'o. THRIFTY HEAT! too, when you burn thrifty, odorless, fume-free Natural Gas. Yes, you'll be a happy man and your whole family will be delighted when you start enjoying carefreo automatic Natural Gas heat. Whether your home is old or new, Natural Gas will provide the modern economical heat you want. Get Gai and you'll bt gladl 12 TO 36 MONTHS »« I>»T '»' 7° ur N«t««> G» pipini in- itallatlon. A small down payment Is all jnu need to start tnjoytnr. Natural Gas. Balance on low, monthly Installment. Call 01 today for FREE ESTIMATE. Ark-Mo Power Co. 1 Norita Davis, senior, daughter of Mrs, Georgia Davis, was crowned basketball queen of Manila High School by Kenny Isaacs, senior captain. Friday night. Priscilla Wagner, freshman, daughter of Mr. and Mrs. Dub Wagner, was crowned junior high queen by Robert Hamilton, junior captain. Miss Davis' group raised $300.01, ;,he largest amouni raised in Manila High history. Miss Wagner's 9-1 class helped •aise $74.49. Senior high maids and amounts raised were Danna Higgins, 10-1, $58.88; Minnie Lou Bunch, 10-2, 119.91; Bonnie Hodges, 11, 104.53. \ Junior high maids and amounts raised were Joan Hester, 7-1, $30.17; Sue Riggs, 7-2, $28.40; Roxie Barker, 8-1, $18.94; Linda Wagner, 8-2, $22.40; Linda Wall, 9-2, $49.20. Manila Baptist WMU members )egan observing WMU Focus Week jy presenting a program at the morning service Sunday. Taking part on the program were Mrs. Milton Towles who presented a mum corsage to WMU President Elaine Edwards. Speakers were Mrs. Elaine Edwards, Mrs. Milton Towles, Mrs. on the same page. Persons who wish to file as a surviving widow or widower Uig- iring their tax as though it were a joint return) and those wishing nay not use form 1040A. {Nest Your exemptions.) By Ruth Horne APPEAR AT LEACHVILLE — Elvis Presley (center), young hill-billy singing star, will head a show which comes to Leachville High School's gymnasium at 8 p. m. Thursday night. Proceeds from the show go to the Leachville senior class fund. He's pictured above with Scotty Moore and Bill Black and will be joined on Thursday night's show by J. E. and Maxine. Brown and Bob Neal of Memphis. Waylen Jobe, Mrs. Harbert Griffin, Mrs. . R. Pranks, Mrs. Harold Wall, Mrs. Erma Stallion, Mrs. Doyle White, and Mrs. Lois Goodson who told of the work and the studies of the local group. Ushers were Danna Higgms, Barbara Holsclaw, Dorothy Roach, Linda Wall, and Wanda Whitney. James Bullard, sophomore at State College, Jonesboro, has volunteered for the Army Intelligence Service. He made 95 on his test last week. January 21 is the date he leaves for basic training. James Hatcher, junior, is recovering from a seriously cut hand suffered when a sharp pointed butcher knife was stuck, completely through it. Carilithersville News By SONNY SANDERS Carolyn Davis and Carolyn Bookout tied for lirst place in last week's poster contest at the high school in connection with Courtesy Week. Patty Sawyer won second place in the contest. Cosh prizes were given the winners by the Student Activity Committee. During the special week, courtesy was stressed at the school, and each homeroom presented a short skit on some phase of courtesy In an assembly program Friday morning. Doc Dean of BlylhevlUe and Dick Hawley, Memphis television announcer, will be auctioneers at the third annual March of Dimes Auction, Harry "Kuz" Moreland. chairman of the auction project, stated Saturday. The auction will be held Saturday, January 29, at the Eodgera Theatre in Caruthersville.' Three 1954 graduates of carulh- ersviUe High School have arrived at Snn Antonio, Texas, for basic training in the Air Force. The boys, Kennett Jordan, Charles Arbuckle and John Figgliu, left here last Monday and received their physical examination In St. Louis. From there they went to San Antonio. John Finley was the leader during the Christian Church's youth meeting, Christian Endeavor, Sunday evening. 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