Newspapers / The Fieldcrest Mill Whistle … / Feb. 25, 1974, edition 1 / Page 2
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THE MILL WHISTLE PIcldcrMt Mill*. Inc. Bd«n, N. C. mu luu«d lv«ry Oth«r Monday Por Kifiployool and Priandt of Plalderaa* Mills, Infc OTIS MARLOWS IDITOR CAMILLR F. PERKINS ^ ASSOCIATE EDITOR Mambar, Intarnatlonal Association of Businass Communicators REPORTING STAFF Alexander Sheeting Mill Edna Bright Automatic Blanket Plant Janice Ennis Bedspread Finishing Mill Ann Midkiff Bedspread Mill Edna Hopper Blanket Finishing Mill Roslyn Henry Blanket Greige Mill Dovie Gilbert Blanket Warehouse Geraldine Perkins Columbus Towel Mill Mildred Newsome Dallas Service Center Barbara Aldriege Draper Sheeting Mill Ruth Minter Fieldale Towel Mill Faye Warren General Offices Gladys Holland Katherine Manley Karastan Rug Mill Irene Meeks Karastan Service Center Mary Stephens Karastan Spinning-Worsted Nicki Glover Laurelcrest Carpets Carolyn Beasley Los Angeles Service Center Juanita Atkins Midwest Service Center Joan Mason Mount Holly Spinning Mill Barbara Herrin Non-Woven Mill Doris Shockley Northeast Service Center Mnry Kulpak North Carolina Finishing Phyllis Partee Scottsboro Rug Mill Hilda Thomas Sheet Finishing Mill Brenda May Winchester Spinning Mill Ann Wilson ADVISORY BOARD R.F.BELL J.L. CRABTREE W.F. CRUMLEY S. R. CULLIGAN A. H. JUSTICE J.M. MOORE 0. L. RAINES M.L.RYAN This column of questions and answers on tax matters is provided by the local office of the U.S. Internal Revenue Service and is published as a public service to taxpayers. The column answers questions most frequently asked by taxpayers. Q. My auto insurance will pay for the medical care of all per sons injured in my car. Can I deduct the portion of the prem ium attributable to medical in surance as a medical expense? tion on Deductions for Home- owners.” Use the order blank on your Form 1040 package to get a free copy. A. No. The portion of the premium stated as medical in surance is not deductible as a medical expense since the med ical portion of the insurance pays for medical care of per sons other than the taxpayer, his spouse and dependents and the portion attributable to the taxpayer and his or her family is not separately stated. Q. Can a taxpayer check off $1 of his tax money to go to a specific party? Q. What kind of deductions can homeowners take? A. The primary deductions taken by homeowners are in terest paid on a mortgage, real estate taxes, utility taxes im posed at the same rate as the general sales tax, and unreim bursed casualty losses in excess of $100 per casualty. If you use your home for business pur poses, you can deduct a pro rata portion of your maintenance and depreciation expenses, home insurance including fire and mortgage insurance, the wages of domestic help and re pair expenses. Whether you use your home for business or not, you cannot deduct im provements (as opposed to re pairs) or assessments for local benefits that tend to increase the value of your property. These must be added to the basis of your property, to be taken into account in the event you sell your home. For more details, see IRS Publication 530, “Tax Informa A. No, because of a recent change in the law, tax dollars cannot be designated to specific parties. However, you can check off $1 ($2 if married filing jointly) to the Presidential Election Campaign Fund, which will be distributed among eligible candidates. If you did not check off in 1972, you can still do so for 1972 on your 1973 return. Remember, check ing off tax dollars to the Fund will not affect your tax liabil ity and will not reduce any re fund you may have coming. Q. Do political candidates have to report income from political contributions? A. Yes, if the candidate has income from political contribu tions, such as interest on bank deposits, dividends on con tributed securities, and net gains on the sale of securities contributed prior to October 3, 1972. Political campaign con tributions received by a candi date and used for campaign purposes are not taxable to the candidate, and campaign ex penses are not deductible. If a candidate has income to report, he should use Form 1041, U.S. Fiduciary Income Tax Return, available at any IRS office. Returns for 1972 and 1973 are due April 12, 1974. In hardship cases, the IRS will make appropriate ar- Recent Service Anniversaries Thirty-Five Years Charlie L. Moore C. Finishing Leroy C. Peeler C. Finishing Thirty Years Blanket Finishing Harold F Sqmres Blanket Greige Margaret H. Tuggle Twenty-Five Years Alice F. Ellerbee Columbus Twenty Years Curtis Littleton Co umbus ““ Columbus Fifteen Years Aaron P. Wood y,. , , . :==:ia.;s;;n jam«i E. Ingram z::::::::::.,: William G. Sawyers Lumus L Daugherty ZZZZZZZZZZZolumbis . . Ten Years Amos Allen „ Walter C. Stephens . Columbus Arthur Lash, Jr "ZZ; Columbus Raymond E. Hankins . ^ oremost Karastan rangements for deferring pay ment of tax due, and up to six month extensions will be grant ed for filing 1973 returns and paying the tax that may be due. Registration Is Set For Two Courses Registration for the “Grammar and Composition” course to be offered by the Field- crest Training Department and Rockingham Community College, will be held at 6:30 p.m. February 28, in Room 106, Lab Building, at RCC. The classes will begin on March 4, in the Training Department Conference Room, AMP Building, 6 p.m. The registration for the “Techniques for Secretaries” course will be at the first class session, March 6, at 7 p.m. in the Training Department conference room in the AMP Building. Card of Thanks Since I cannot write a personal note to each one, I want to express our many thanks to everyone who remembered Buck while he was a patient at Moses Cone Hospital. For the calls, visits, cards, gifts and, most of all for the prayers from everyone, and to our many friends and neighbors who have called, visited, brought gifts and food since he has been home, your kindness will always be remembered. May God bless each of you and keep us in your prayers. MRS. BUCK McCOLLUM Anne Haynes Price awarded a master’s dej clinical psychology California State Univeis Long Beach, Calif. For her thesis reqi Mrs. Price prepared a W video-tape documentary beauty of Appalacliii mountain people, to bi educational television, She is the daughter oil Mrs. Nash Haynes, b whom are employed Fieldale Towel Mill. Mr is employed in the Department and Mrs. (Mildred) is employed Sewing Department, Mrs. Price’s husband Price, teaches Englishii school in Laguna Bead; The couple have two sois] and Mike. Dividend Directors of Fielders!^ Inc. voted on Februarylli quarterly dividend of SI share on March 29 to Wj record March 15. | Buy... Sell... Swap FOR SALE: Hotpoint electric stove, only three years old. Reason for selling: new home has built-in stove and oven. Call Fieldcrest extension 2235 or 2289 or call 627-4262. FOR SALE: German shepherd puppies, six weeks old. Call 548-9853 after 4 p.m. FOR SALE: GE electric stove in good condition. Bargain price. Call 635-5501. FOR SALE: Mini bike, 4 h.p. In good condition. Reason for selling: want to purchase larger bike. Will take best offer. Call 625-1049 after 3:30 p.m. FOR LEASE: 18MI tobacco allotment. Cal ville, 573-9273 or write Hubbard, Route 3, Stoneville, N.C. 27A FOR SALE: Brownuf chair and footstool. 623-9814. , FOR SALE: One 21-p Elgin pocket waten* lb. anvil with date^ and old inspectors Call 623-6216. , FOR SALE: Bee equp hive bodies, racte; queen excluders. at bargain prices. A J hundred tobacco s 627-4739 after 7 p ®' Top Weavers, Fixef* Dobby Terry I.**''! Jacquard Terry ^ Fixers W/E February 3 . ( Dobby Terry Melv® Jacquard Terry Clar®*^ Weavers W/E January 27 .„Re Dobby Terry WilF^® Jacquard Terry T- ,, Fixers W/E January 27 ,[ Dobby Terry Jacquard Terry Lee^^ the mill
The Fieldcrest Mill Whistle (Spray, N.C.)
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Feb. 25, 1974, edition 1
2
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