Your Federal
Income Tax
No. 15
TAX FORGIVENESS
When the pay-as-you-go system
of income tax collection started
last year, you already owed your
1942 tax. To relieve you of pay
ing two years' taxes in one, Con
gress, decided to forgive part of
one year’s tax.
Your 1943 tax return will show
you how to figure how much tax
was forgiven and how much you
still owe. In general, compare
1942 tax with 1943 tax to deter
mine which is larger. You will
be forgiven part of the smaller, the
balance of which you must pay
plus all of the larger year's tax.
Howevev, you will credit
|9 against these tax liabilities <a)
any payments you made on your
1942 tax, <b) any income and vic
tory taxes withheld in 1943 from
your wages by your employer,
and <c) any estimated tax you may
have paid in September and Dec
ember, 1943.
If, after taking these credits,
you owe a balance, you can post
pone for one year (without inter
est) any part of the balance up
to one half of the amount of the
vnforgiven portion of the smaller
year’s tax.
The amount of your forgiveness
depends upon the size of the
Smaller year's tax, and on wheth
er you are in the armed forces.
However, in the vast majority
of instances, the forgiveness will
be simply 75 percent of the small
er year’s tax. Naturally, if you
had no tax for one of the two
years, you have nothing to be
forgiven.
Here are the methods of figur
ing tax forgiveness:
(1) If the smaller year’s tax
was $50. or less, it is all for
given.
(2) If the smaller year s tax
was over $50 but less than
$66.68, the forgiveness is
$50.
(35 If the smaller, yedr’s tax
was over $6667, the for
: ■' xu is- :75 percent; ■ •
“:. 8 ■.i4)-«.lf'.-you. were. an -any - qf, the
i 1 armed forces in active ser
vice at any time during the
years 1942 or 1943,
and your 1942 tax was larger
V than 1943. your forgiveness is in
• creased by recomputing your 1942
•: tax to eliminate as much of its
, excels over the 1943 tax as is due
to ‘^earned net income.” This
; may result in the 1942 tax as re
• computed being no greater than
i. the; 1943.tax.
( Special rules apply in those in
i stances in which a married couple
filed either joint or separate re
turns for 194-2 but are filing dif-.
ferentjor, 194,3,, .......
In the first place, they need to
know how to enter the 1942 tax.
If they filed separately for 1942
and are filing jointly for 1943
they, should 'add their 1942 taxes,
Nome Directory
HENRY JOSEPH
LALLEY
jt ACCOUNTING, INCOME TAX
AND SOCIAL SECURITY
P. O. Box 156 Nome, Alaska
IRA D. ORTON
Attorney At Lew
|MB 1—Nevada Building
Nome, Alaska
Seattle Office:
1918-13 Smith Tower
Telephone Elliot 8299
+ 6. D. COCHRAN
Attorney At Lew
Phene Mein 121
Nome, A laske
N. STRAND
NEW YORK LIFE INSURANCE
COMPANY
v Phone Black 156
NOME, ALASKA
HAGEN
JEWELER AND OPTICIAN
Oonrt Hoorn is Opposite Uk
Phone Mein 49
I. O. O. F. No. A-5
NOME, ALASKA
Meets Every Friday—8:00 P. M.
Odd Fellow Hal!
and inter the total as their joint
1942 tax on their 1943 return.
If they filed jointly for 1942
and are filing separately for 1943
and the joint tax was smaller
than the total of tr.eT i-eparat?
1943 taxes, they may divide the
joint 1942 tax between them in
any proportion they desire, so
long as neither share exceeds his
1943 tax.
If they filed jointly for 1942
and are filing separately for 1943.
land .the joint 1942 tax was larger
than the total of their separate
1943 taxes, then the difference
may be divided between then
and each should report, as his
1942 tax, his share of the defer
ence plus the amount of his 1043
tax.
In the second place, they need
to know how to figure their for
giveness.
If they filed separately for 1942
and are filing jointly for 194?
they figure their forgiveness the
same as a married couple which
had filed jointly in both years.
If they filed jointly for 1942,
and are filing separately for 1943
they must figure their forgiveness
together, find out how much un
forgiven tax they owe together,
and then divide the unforgiven
tax between them. In this last
instance, the joint figuring must
be shown on both returns and a
statement must be attached show
ing how the unforgiven tax was
divided.
REBEKAHS INSTALL
OFFICERS
Last Wednesday the Midnight
Sun Rebekah Lodge installed its
new officers for 1944 with a rather
special candlelight service as the
power was temporarily off. Mrs.
T. Lehmann acted as district dep
uty president and Mrs. A. Polet.
district deputy grand marshall.
The officers installed are as fol
lows:
Noble Grand, Mrs. Glen Smith.
V:ce-Grand. Mrs. Kurt Jackson.
Secretary Mrs. C. A. H. Hagen.
Treasurer. Miss Ruth Reat.
Right Supporter, Mrs. A. Polet.
Left Supporter, Mrs Emery Ma
han
' "Warden. Mrs. Nordland.
Conductress, Alice Yagel.
Chaplain, Constance Erickson.
Inside Guard. Mrs. B Seiffert.
Outside Guard, Mrs. Hyde.
The committee in charge of re
freshments which followed the in
|stallation were Mrs. Mahan, Mrs.
Hewitt and Mrs. Rowe.
i -
I
Nulm&llow Maple Sauce
1-2 cup maple sirup
8 cubed marshmallows
1 teaspoon margarine or butter
2 tablespoons nuts, broken
Speck salt
1-4 teaspoon vanilla
Heat sirup, add marshmallows,
cubed. Stir until soft. Add rest of
ingredients.
ey
COMPLIMENTS
—OF—
BOB KITE
SCAVENGER
LITERARY
CllDEPOST
By JOHN SELBY
'UNDER THE BRIDGE ", by Fer
ris Greenslet 'Houghton Mifflin;
$3.)
For tho first une since reading
'The Education, of Henry Adams”
1 not only understand, but feel,
the uses of scholarship in all the
senses of the term. Personally, I
believe that the gentleman who
has brought this about 'whether
he meant to or not) has done a
better service than Henry Adams.
He has. of course, done it in a
book, and the book is called “Un
der the Br.dpe”.
The author is Ferris Greenslet,
Houghton Mifflin’s great editor.
Mr. Greenslet has been saved the
life of the literary prig by two
circumstances—he has humor, and
he loves things out of doors, par
ticularly fishing. He can if he
wishes quote reams of Latin lines,
greatly pithy of themselves. But
his life as editor or the Atlantic
Monthly and later of Houghton
, Mifflin apparently has served :o
1 keep him close enough t:> lift "hat
j the stink of the scholar dc>es not
hang about him. He does not
think of books as something to
be discussed with boo:-:ish ►•eople
ana guarded well from the hoi
, polioi. They are useful tools to
him, their creators are not muse
um pieces, but men. And some
times women.
From birth in Glens Falls to
the present, Mr. Greenslet has
twinkled at a vast number of
amusing things and interesting
people. More important, he dis
covered without benefit of Dale
Carnegie how to get them to
twinkle right back. Mr. Greens
let’s experience ranges from the
Boston of the gay 'nineties to
now; his literary travels from
Lake George and Edward Eggles
ton to Oxford and John Buchan.
He has sustained a tin-whistle
playing contest with G. B S., and
battled over the copyright to
"Mein Kampf". In London he fol
lowed Edward Grey as Grey dis- [
regarded his blindness and
plunged into the traffic of Pic
cadilly, and ascended Shady Hill
at the same hour each Wednesday
Work For |
!; Victory! I
o T
!! Buy clothos only if and when you need them. |
;; Make them last as long as possible. Insist upon |
" duration—durability in style and workmanship— +
T
J Let us keep you smart and thoroughly well- +
groomed. Modern, Dry Cleaning will help buy J
I; that extra War Bond. t
0 T
1 +
0 T
| MODERN CLEANERS
(Modem Cleaning Is Clotkes Insurance!) f
t
;; “A Stamp a Day Keeps the Japs Away!” X
I
♦ 7
ii NEILL CLARK AND COMPANY I
j: PUBLIC ACCOUNTANTS—AUDITORS f
i; TAX COUNSELORS |
J; 201 302 LA VERY BLDG. FAIRBANKS. ALASKA +
f KINLOCH N. NEILL JOHN W. CLARK +
Tlllllll. 1.1. ..111.11.,, 11. .ni.tlMMIMMlM.M
j; Bronson Water Delivery j
J! BULLDOZING — CATERPILLAR WORK |
:: TRUCK HAULING %
| PHONE MAIN 19 |
1 Munz Air Service 1
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♦ Taylor and Nome. Alaska 1
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f f
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$ PHONE MAIN 109 t
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morning to talk with Charles
Eliot Norton, smoke a dry pane
• tela and talk about Lowell.
And Mr. Greenslet has fished
The product of his fishing in wa
ter has all been consumed, and
the product of his dry land fish
ing is described in “Under the
Bridge.” You had better keep the
book, after it has been read.
___
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CAVEY’S
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ARRANGEMENTS! !!
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THE FINEST IN WINES AND LIQUORS
Harry Gabrielson, Prop
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j MEET YOUR FRIENDS f
j The Glue Pot! j
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Call Black 126 I
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t PERSONAL SERVICE IS OUR DESIRE! £
i . 4*
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| NORTH POLE j
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OPEN: 7:00 A. M. TO 1.1:00 P M f
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Oh, Diana....
~~~~ 1/ THOUGHT QABY, WITH
DIANA yOU yQU AROUND
AND DIDN'T A FOXHOLE'D
KITTY LIKE THIS BE LIKE A
PLACE ! r*—I JUKE
SLEUTHING -J\ * I PALACE*
SPIMONI, -r,
THE ?
BOSS,
WHOSE
NERVES
SEEM
A BIT
ON ,
EDGE!!
AT fwniw
AW —
MAYBE
HE'S GOT
BIZ NESS
WORRIES
A Noisy Silence
»y*#4V Y'W NO
CUSTOMER? — Y'SAY OO SW /
, y'OOT MO CASH ?- FRiCfiJDLV
I'LL TELL YA as a
WHAT I'LL
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