1954 Income Tax Returns Mailed;
Extra Month To Pay This Year
vv aonn\u i VJ.N, w-Klgnt om*
the heels of Santa Claus will come
a less welcome visitor to millions
of American homes—a mailman
with your 1954 income tax form.
The Internal Revenue Service
was ready to mail out some 63
million of these remit notices be
tween Christmas and New Year’s
Day. Many were ready to give the
recipient a headache even before
the morning of Jan. 1.
The Form 1040 and 1040-A re
turns are being mailed a month
later than last year, mainly be
cause they had to be revamped
completely as a result of the 1954
tax law changes. This took extra
time.
One possible bright spot: An
extra month to pay. Under the
new law, the deadline for final
returns is April 15. In previous
years March 15 has been the day
of reckoning.
Likewise, if you’re one of those
people required to file advance
estimates of your income, and to
pay the tax in quarterly install
ments, the deadline for your first
estimate and payment is moved
from March 15 to April 15. The
dates for the remaining install
ments are unchanged, however—
June 15, Sept. 15, and Jan. 15.
You now fall into this category
if:
L Your total income is $5,000
or more if you are single, or $10,
000 or more for married couples
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or heads of families.
2. Your income includes more
than $100 which is not subject to
withholding. In that case you’re
supposed to file estimates if you
expect your total income to be
more than $400, plus $600 for each
exemption.
What about those who should
have filed estimates and made
quarterly payments this year—but
didn’t do so? Will the T-men get
after them?
• Officials say no—such people
still can square accounts by filing
a 1040 form and paying up in full
by Jan. 31. You can do the same
thing if you paid your first three
installments for 1954 but want
two weeks of grace in making the
payment normally due Jan. 15.
Pentagon Bank Vault
Gets Extended Weekend
Through Tellers’ Error
WASHINGTON, (A*l—’The Penta
gon’s bank vault was locked up
tighter than Ft. Knox today.
It got an extended New Year’s
weekend holiday because two tell
ers last Friday set the time locks
for tomorrow, instead of today.
As a result, the vault door will
swing open 24 hours behind
schedule.
The vault is the property of the
First and Merchants National
Bank of Richmond, Va., the only
bank which does business in the
Pentagon. Bank Manager Waring
Christian said “friends in Wash
ington banks sent me over enough
cash to last out the day.’’
It’s a good thing the vault will
open tomorrow. That’s a Penta
gon payday.
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RESTAURANT 1
OPEN EVERY DAY EXCEPT MONDAY
FROM 7:00 A.M. TO 11:00 P.M.
Come in for After - Show Snacks!
Featuring Home - Made Pies
Territorial
Budget Cut
Of 30% Set
A 30 percent across-the-board
slash in appropriation requests by
territorial agencies has been pro
posed by one member of the
Board of Budget as a means of
bringing expenditures in the 1955
57 biennium within anticipated
revenues, according to The Ju
,neau Independent last week.
Requests from agency heads to
tal $39,155,749. This compares
with $27,694,710 requested two
years ago and $24,386,992 actually
appropriated for the current bien
nium by the 1953 Legislature.
The Board of Budget consists
of Gov. B. Frank Heintzleman,
Treasurer Henry Roden and Audi
tor Neil Moore. The 30 percent cut
would, under the proposal being
considered, be recommended by
the governor in his message to the
Legislature.
The other two members of the
board were reported to favor a
recommendation for selective cuts
with each agency’s request being
considered on its merits.
Governor Heintzleman has as
signed his administrative assist
ant, George Rogers, to the task
of studying budget requests and
trying to chart a course for the
guidance of the Board of Budget.
The Legislature will, of course,
make the final decision on how
much is appropriated to each
agency.
The 1955-57 request total repre
sents an increase of 60.6 percent
over the sum appropriated two
years ago.
A " ... .. ”
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6:26—Sign On
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7:15—Rise and Shine
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8:45—:Tennessee Ernie
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11:45—At Ease
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10:30—Martin Block
11:00—News
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12:00—Music from the Nite
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Wednesday
6:26—Sign On
6:30—Rise ’n Shine
7:00—News
7:15—Rise and Shine
8:15—Morning Devotions
8:30—Ronnie Kemper
8:45—Tennessee Ernie
9:00—Coffee Concert
10:00—Dave Garroway
10:15—Can You Top This
10:30—Smiley Burnette
10:45—Curt Massey
11:00—Bob Crosby
11:15—Music fr. S. America
11:30—Tex Williams
11:45—At Ease
12:00—Today’s the Day
12:15—John Conte
12:30—Platter Parade
1:00—You and the World
1:15—Hillbilly Jamboree
2:00—News
J 2:15—Johnny Mercer
2:30—Music a la Carte
5:00—Great Gildersleeve
(AFRS program schedules subject to change without notice.)
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