Tax Return Forms
Are Simplified
i
TACOMA. Wash., — First copy
of revised Form 104*0 for 1941
income tax returns has just been
received from the Treasury De
partment by the Internal Rev
enue Collector's office in Tacoma.
Printing of these forms is be
ing rushed so they will be ready
for distribution the first of the
year. The Bureau of Internal
Revenue estimates that 10 mil
lion or more taxpayers will use
Form 1040 and about 12 million
will use the optional Form 1040
A
All individuals filing returns
who do not elect to use Form
1040-A prescribed in accordance
with the Revenue Act of 1941
for certain incomes of $3,000 or
less will make their reports on
the new Form 1040 regardless of
the size or source of their in
comes.
Form 1040 has been simplified
this year so that persons whose
income is entirely from salaries
and other compensation for per
sonal service, dividends, inter
est, rents, royalties and annuit
ies may fill in pages one and two
of the new form and disregard
the remaining two pages. The
form is so printed that in such
cases the taxpayer may tear off
the second sheet of the form on
which pages three and four are
printed and file only the first
sheet which contains pages one
and two.
Taxpayers who have income
or losses from other sources,
such as from business or sale or
exchange of capital assets, will
fill out the entire four pages of
the form.
The old Form 1040 was used
by all persons whose gross in
come was more than $5,000. but
under the present system all tax
payers who are not eligible or
do not elect to use Form 1040-A
will use Form 1040, if gross in
come is equal to or exceeds the
exemption of $750 for a single
person and $1,500 for a married
person.
A large majority of the tax
payers who formerly used Form
1040 will find the revised form
much more simple, Bureau of
Internal Revenue officials point
ed out. If their income is wholly
from compensation for personal
services and from investments,
they will be able to skip items
7, 8, 9 and 10 on page one and
disregard page three and four of
the form.
A sheet of instructions is at
► tached to the form and contains
the information necessary for
the proper preparation of the
return.
The new Form 1040-A, for in
comes of $3,000 or less from sal
ary, wages, compensation for per
sonal service, dividends, interest,
Report Sink USS Arizona
LONDON, Saturday, —(De
laved) — Rueter news agency
quoted a Japanese naval com
munique, broadcast from Tokyo,
saying that the 32.600-ton United
St3tes battleship Arizona had
been sunk in action at Hawaii.
The communique said the Ari
zona was the third American
battleship sunk by Japanese fore
es since the outbreak of the war.
The Arizona was launched in
1915 and carried a normal com
plement of about 1,358 men.
War Hampers Games
SAN FRANCISCO, Dec. 15 (/Pt
—The West’s famous New Year’s
football classics, the Rose Bowl
and the East-West games, hunted
temporary new homes as war re
fugees, since military expediency
demanded blackout and the
ar.my was firm. The sponsors
agreed to cooperate fully and
cancelled all local arrangements
as Pasadena and San Francisco
kissed dreams of thousands of
tourists dollars goodbye. Officials
went to work to find other quar
ters for the orphaned sports
spectacles.
Coach Phelan Dismissed
SEATTLE, Dec. 15 (/P) — Ath
lethic director Eckman, some
what unexpectedly terminated
the services of Husky football
coach Phelan and his two as
sistants, Chester Willfox and
Ralph Welsh, Saturday. Seattle
newspapers said, despite the
glamor of a “big name” coach,
university officials may pick a
man from the northwest.
NOTICE TO CREDITORS
NOTICE IS HERABY GIVEN,
that Gilbert Fidejeland. has been
appointed by the Probate Court
for the Precinct of Cape
Nome. Second Division, Terri
tory of Alaska, Executor of
the estate of Jafet Edward Lau
ritz Stephansen, deceased, and
all persons having claims against
the said estate are required to
present them with proper vou
chers, within six months from
the date of this notice, to the un
dersigned executor at the office
of O. D. Cochran, at Nome, Al
aska, or to the said executor at
Teller, Alaska.
Dated at Nome, Alaska, this
the 9th day of December, 1941.
Gilbert Fidjeland, Executor
of the estate of Jafet Edward
Lauritz Stephansen, Deceased
Publish Dec. 15, 22, 29, Jan. 5
rent annuities and royalties, is
even more simple than the new
Form 1040. A table on the re
verse side of the form shows the
amount of tax on increasing1
amounts of gross income after
the proper allowance of $400 for
each dependent if any.
POSSIBLE JAPANESE MOVES SEEN
Observers in Shanghai believed the Japanese, reported concentrat
ing at Hainan, were planning a move Into French Indo-China. Far
Eastern experts in Washington believed Japan’s reported new de
mands on Indo-China were based on determination to place Jap
aese forces within striking distance of Singapore and the Dutch
East Indies and that a move into Indo-China would also put them
In position for a blow at China’s Burma noad supply-line. Arrows
indicate these possible objectives; shading, Japanese penetration
•f China.
1
W IND AND YACHTING HEARTS RAN HIGH —Brisk winds puffed out the spinnakers of these six-meter sloops,
John Swigart's “Fin" leading William Horton's “Lulu" (right), in regatta staged off Santa Barbara, Cal., as part of annual sun festival.
W ORTH THEIR WEICHT IN A W INC T I P—To help dedicate Baltimore’s new $8,000,000 airp.i i. completed after
12 years, airline hostesses lined up along a plane wing. Swampy soil on airport site caused many delays in the construction program.
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NO THREAT IN THIS ‘CUN AT HIS B AC K ’—One of guns at Norfolk, Va., naval base nuzzles Hear Admiral Man
i ley II. Simons during ceiemonies at which he took over command of Norfolk naval district from Bear Admiral Joseph K. Taussig (lef ).