— ^ Mill Ml ■ I ■ IHI !■ .. !■ I——
Estimated Income Tax Returns Must Be Filed By September 15th
FORMS ARE BEING
MAILED; RETURNS
MORE SIMPLIFIED
Persons Having Incomes
Other Than Wages And
Salaries Must File
WASHINGTON, Sept. 1 — Guy
T. Helvering, Commissioner of
Internal Revenue, recently an
nounced that forms and printed in
structions for the filing of estimat
ed income and Victory tax declara
tions on or before September 15,
as required by the new Current
Tax Payment Act, are now being
distributed to individual taxpay
ers by the Collector of Internal
Revenue.
Filing of the declarations will
be the second major step under
the Current Tax Payment Act
in converting the Federal indi
vidual income tax from the old
delayed payment method to a
“pay-as-you-go” basis. The first
step was the inauguration July 1
of the new withholding plan, un
der which the Victory tax, nor
mal income tax and first bracket
surtax are paid by millions of
persons through deductions from
their wages and salaries.
The purpose of the declarations
is to make current in their tax
payments all those individuals
whose income and Victory tax
liability will not be fully covered
by collections through withholding
and other credits.
Experts of the Bureau of In
ternal Revenue have greatly sim
plified for the average taxpayer
the task of filing the declarations.
A form and set of instructions
for use in estimating the tax on
incomes up to $10,000 rival for
simplicity, revenue officials point
ed out, the familiar “five minute
income tax return” which made
its debut in 1942. The computa
tions and entries which this sim
plified declaration method requires
should be matters of about five
minutes for a large portion of the
taxpayers by whom declarations
will have to be submitted, the of
ficials said. For those who desire
to make a more precise computa
tion, or who have an income of
more than $10,000, detailed work
sheets may be secured from the
Collector upon request.
Who Must File
Persons required to file the
declarations are generally: 1. The
recipients this year or last year
of gross incomes from wages sub
ject to withholding in excess of
$2,700 for single persons or $3,
500 for married couples; 2. Those
who have incomes this year, or
had incomes last year, requiring
the filing of a return, with more
than $100 of these incomes de
rived from sources other than
wages subject to withholding; 3.
Those required to file an income
tax return on 1942 incomes and
whose wages subject to withhold
ing for 1943 are reasonably ex
pected to be less than their simi
lar wages for 1942.
Where the declarations show an
estimated tax liability for 1943
in excess of credits, half of the
excess is to be sent to the Col
lector of Internal Revenue along
with the declaration, and the
other half remitted on or before
December 15. Credits to be taken
on the declaration include with
holdings and the payments, if any,
made to Collectors on March 15
and June 15 this year on account
of 1942 income taxes. The with
holdings to be credited include
those, if any, made by employers
of the Victory Tax for the first
half of the year, before the new
withholding system went into ef
fect, plus those made since July
1 under the new system.
Treasury statisticians have cal
culated that about 15,000,000 per
sons with tax liability for 1943
will be required to file the decla
ration.
Many of the people who must
file declarations will be profes
sional workers, such as lawyers
and doctors. Many more will be
persons operating their own busi
n e s s establishments. Another
large class of people who must file
the declaration are those with earn
ings on which there is a liability
reaching into the upper surtax
brackets, and therefore not fully
covered by withholding. There will
be many also from persons with
combination incomes such as
wages, on which taxes are with
held, plus interest, dividends or
rents, to which withholding does
not apply.
If correction of the September
15 estimate of any taxpayer be
comes necessary, an amended
declaration may be filed on or
before December 15, and the
proper adjustment in payments
made.
Declarations are to be sent by
September 15 to the Collector of
Internal Revenue in whose dis
trict the taxpayer expects to file
his final income tax return for
1943 next year.
Farmers’ Deadline Dec. 15
In the case of taxpayers deriv
ing 80 percent or more of their
gross income from farming, fil
ing of declarations is not required
until December 15, at which time
the full unpaid balance of the es
timated tax must be paid. They
'may, however, file on September
15 if they wish and pay their es
timated tax in two installments—
September 15 and December 15.
The Current Tax Payment Act
provides a penalty for a substan
tial underestimate of the tax due.
However, it was pointed out by
the Treasury, no one who makes
his estimate carefully need in
cur this penalty. The privilege of
filing an amended declaration on
or before December 15 is a safe
guard on this score.
Eventually, operation of the
withholding system plus the dec
laration system will make all in
dividual income taxpayers substan
tially current. That is to say, each
individual income taxpayer will
pay his taxes during the year in
which the income is received.
Under the old income tax law,
payment of an individual’s tax for
any given year’s income was de
layed to the year following.
MY PRAYER
Give me, 0 Lord, that quietness
of heart which makes the most of
labor and rest. Save me from pas
sionate excitement, petulant fret
fulness, and idle fear, and keep
me ever in the restful presence of
Thy love. Teach me to be alert
and wise in all responsibilities,
without hurry and without neglect.
Tame Thou and rule my tongue
so that I may not transgress Thy
law of love. Banish envy from my
thoughts and hatred from my lips;
and when others censure, may I
seek Thine image in each fellow
man, judging with charity as one
who shall be judged. Help me
amid the strife of tongues to be
content with my unspoken thought,
and when anxious cares threaten
my peace help me to turn to Thee,
that I may find my rest and be
strong for endurance and service.
—Contributed
If You're Canning
0 MOOT KMjOVATV
Reddy Kilowatt Says Please Remember—
1 Non-acid foods such as string beans, corn, beets and squash
that require high temperatures for safe keeping are not
•anned in the oven.
2 P©* safety* all jar tops except the two piece metal lids must
be left partially unsealed while food is being processed,
otherwise jars may burst.
2 Hot jars just from the canner should not be placed directly
on a cold table or in a draft. The sudden change in tem
perature may cause a broken jar.
Electricity and Gas Are Vital In War, Don*t Waste Either
DUKE POWER CO.
Day Phone 116
Night Phone 16
SUMMEY BROTHERS IN SERVICE
TECH. SGT. EDWIN W. SUMMEY, left, is stationed at Camp
Blanding, Fla. He is in the radio signal corps and entered service
January 23, 1941. PVT. GLENN J. SUMMEY, is stationed at Camp
Phillips, Kansas, and entered service January 7, 1943. He is in the
engineering department and was formerly employed at Ecusta.
Both of them are sons of Rev. and Mrs. M. E. Summey, of Rosman.
r
GLANCING BACK
AT BREVARD
-*
Taken from the file* of The
Sylvan Valley News,
beginning 1895
J
(From the file of June, 1906)
Col. R. W. Everett is having a
private road opened from his beau
tiful farm by way of. C. P. Clay
ton’s to the Penrose section. Mr.
Clayton has the contract of build
ing a bridge across the French
Broad river and to open up the
road. When completed it will be
a charming drive.
Dr. W. M. Lyday left on the
first train Sunday for Asheville
on professional business.
Miss Bonnie Wilson has ac
cepted the school at Clotho. She
is a talented young lady and suc
cess is sure.
Miss Bessie Lyday, who has
been attending the Normal School
at Asheville for several months, is
at home to spend the vacation.
Prof. John W. Briggs, of Mars
Hill, has been elected principal of
the Broad Valley Institute, and he
has accepted. His daughter, who
is a graduate of Mars Hill College,
is to assist him.
Rev. R. G. Tuttle left Tuesday
for a visit to his aged mother
near Morganton, and will be ab
sent several weeks.
Rev. W. H. Davis will begin his
pastoral work at Davidson River
church next Sunday.
The statement of the Brevard
Banking company shows that it has
over $100,000 on deposit. Pretty
good showing for as small a town
as ours.
Roscoe, the 8-months-old baby of
Mr. and Mrs. Church Morris, was
buried on Thursday morning at
Oak Grove cemetery. The bereaved
parents have the sincere sympathy
of a host of friends and relatives.
P. B. Lankford, of Spartanburg,
S. C., who has a world of friends
in this county, was circulating
among his old acquaintances sev
eral days during last week. We
learn that he has disposed of the
last of his lots here to the In
dustrial school and that there are
now no ties to bind him to the
place of his birth save ties of
NOTICE
In The Superior Court
State of North Carolina,
County of Transylvania.
Lecy Jackson, Plaintiff
vs.
Ed Jackson, Defendant
The above-named defendant, Ed
Jackson, will take notice that an
action entitled as above has been
commenced in the Superior Court
of Transylvania County, North
Carolina, by the plaintiff to secure
an absolute divorce from the defen
dant upon the ground of adultery;
and the defendant will further
take notice that he is required to
appear in the office of the Clerk
of the Superior Court of Transyl
vania County in the Court House
in Brevard, North Carolina, within
thirty days after the 21st day of
August, 1943, and answer or de
mur to the complaint in said action,
or the plaintiff will apply to the
court for the relief demanded in
said complaint.
This the 20th day of August,
1040
N. A. MILLER,
Clerk, Superior Court
8-26-4tc •
TRY TIMES WANT ADS
consanguinity. The News wishes
him abundant prosperity in the
home of his choice.
Broad street is open now to
travel and a very nice street it
is. We predict that several re
spectable residences will be built
on this street before another sea
son. This is one improvement that
will be worth more to the town
than it has cost—in increased tax
able values, of land, in new build
ings and in many other ways. It
is a pity that the overseer and
hands could not have been per
mitted to finish the job while their
tools were on the grounds — but
the work done is creditable.
The many friends of W. A. Gash
will be glad to hear that he is
improving from his recent illness.
Rev. W. H. Davis is unpacking
his furniture in the old home
which he built on Miss Hattie
Deaver’s place near Davidson
River, and will be located there
permanently as pastor of the
Presbyterian church.
The opening of King & Allison
livery business in their new brick
barn on W. Main, is an event
which will conduce to the pleasure
of summer visitors and sightseers.
Both gentlemen are thoroughly ac
quainted with the country and the
livery business and are reliable
and trustworthy.
Married on June 15, at the home
of D. P. Kilpatrick in Brevard,
Arthur Kilpatrick, our enterpris
ing furniture dealer, to Miss Eu
genia Cox, of Henderson county.
Trailer Camp In
Georgia Is Named
After Lt. Moreen
The new war trailer camp now
under construction at Warner Rob
ins Field will be named in honor
of Lt. Robert E. Moreen, Macon,
Ga., pilot and husband of the for
mer Miss Nell McGehee who is
well known here.
Lt. Moreen has been missing in
action for some time and presum
ed to have been lost on a bombing
mission over Burma.
The trailer park named in the
young lieutenant’s honor is being
erected near Macon to house war
workers at Robins Field.
Moreen himself was stationed at
Warner Robins during 1942 as as
sistant operations officer there.
Mrs. Moreen and the McGehees
have been spending the summer
here.
Last reports of the 27-year-old
flier listed him as missing in action
on a bombing mission to Burma,
May 21. According to the report,
his ship was damaged during the
flight and five of his crew of six
men attempted parachute jumps to
safety. Four of these five were
killed; the sixth escaped. All who
jumped were identified, but Mor
een was not among them. He was
presumed to be the sixth man
whose fate is not known.
ADMINISTRATRIX’ NOTICE
State of North Carolina,
County of Transylvania.
Having qualified as administra
trix of the estate of Moses Lee
Bailey, deceased, late of Transyl
vania County, N. CM this is to
notify all persons having claims
against the said estate of the said
deceased to exhibit them verified
to the undersigned on or before
the 12th day of August, 1944, or
this notice will be pleaded in bar
of their recovery. All persons in
debted to said estate will please
make immediate settlement.
This the 5th day of August,
1943.
MRS. SYNETHA G. BAILEY,
Admx. Est. Moses Lee Bailey,
Deceased.
8-12-6tp
CATHOLIC CHURCH
Mass every Sunday and
Holy Day at N Y A Hut on
Broad street For time of
mass, phone 352.
0"
BILL GAITHER
I SANDWICHES
• COLD DRINKS
• ICE CREAM
• CANDIES
• SMOKES
Next To McFee
Jewelry & Radio Shop
[jjjMMMIIII!
Ay
Enjoy A Dinner
At Galloway’s
If you are busy with house
hold tasks, suggest to the
family an evening meal at
Galloway’s Cafe. You’ll en
joy wholesome dinners in a
pleasant atmosphere.
Galloway’s Cafe
PETE BIKAS, Owner
Brevard, N. C.
■e
PHILLIP PRICE’S NEWS STAND
Sponsored By Brevard
Lions Club
NEWSPAPERS
MAGAZINES
SMOKES DRINKS
CANDIES
Buy War Bonds Regularly!
In order to cooperate with other local business
houses and to permit our employees a reprieve
from duties made harder by the war emer
gency, the drug stores listed in this ad will
Close
Thursdays at 1 p.m.
We respectfully urge our customers to bear
this announcement in mind and to anticipate
their needs insofar as possible. Thank you very
much.
Long’s Drug Store
Varner’s Drug Store