Economists Offer Income Tax Tips
l<oofcing for Up* that will
'pva you lot y and trouble on
your 1968 federal income
taxM?
Then, consider these
suggestion* made by Charles R
Pugh and James G. Allgood,
extension econimists at North
Carolina State University
Pugh and Allgood's
suggestions are primarily for
farmers, but they may also be
of assistance to other
ftxpayen.
1. File your return on time,
the deadline for a farmer's
Btum is Feb. 17, 1969, since
(he usual Feb. 15 deadline falls
aa a Saturday. The deadline
for a wage-earner Tiling a
personal return in April 15.
*- 2. Use the proper forms.
Attach statements as necessary
tO fully explain entries.
*? 3. Make sure records are
gvailabie to back up your
claims. No single record system
Is required by Ux authorities as
kH* as the records are
complete and accurate.
4. Double check your
arithmetic. A simple error in
addition may result in a
complete audit of your return.
5. Seek professional advice
from such people as
accountants and attorneys on
complex tax problems. Use the
Instructions Manual sent to
you by the Internal Revenue
Service. County extension
offices also have free copies of
the "Farmer's Tax Guide."
Pugh and Allgood listed Ave
specific suggestions which they
said could save farmers and
other businessmen money if
properly used:
1. Deduct Jt-preciation on
all allowable items used on the
farm or in the business to
produce income.
2. Deduct land clearipgs and
toil conservation expenses as
long as they do not exceed the
specified limits. These can be
claimed as deductions under
most conditions.
3. Use the capital gains
provisions of Schedule D where
possible. Gains on the sale of
capital assets and sometimes
the gain on items used in the
business are taxed at half the
rate of ordinary income. Also
losses on most capital items are
deductible on Schedule 0.
4. Use the tax advantages of
investment credit. Seven per
cent of the cost of machinery
and certain other items used in
the business and lasting eight
or more years can be deducted
directly from the income tax.
That is right; it is a credit
against the tax, not just a
deduction against income.
5. If nonbusiness deductions
are itemized on Form 1040,
remember that half of hospital
insurance premiums can be
deducted. This is true even if
other medical and dental
expenses are too small to be
claimed as a deduction.
Along with offering the
above suggestions for saving
money, Pugh and AUgood
listed ways to avoid some
common mistakes made by
farmers and other taxpayers in
filing a federal return.
1. Miscellaneous sources of
income, such as that from
government farm programs and
custom machine work, should
be reported as required by law.
2. A distinction should be
made between business
expenses and personal expenses
with such items as utilities,
taxes and insurance.
3. Reasonable lengths of life
should be assigned to
depreciable property wad in
the hinin? If this is not
don*, the profit flom the mi*
of this pro party may have to
ba taxad as ordinary income
rather than a? capital gain.
4. There are compUcat>oiu
if machinery or equipment is
not heM a* long m was
intended when investment
credit was claimed. For
example, a fanner might buy a
machine wMafe he plans to
keep for eight years, and he
claims 7 per cent of the coat of
investment credit the year the
machine was purchased. But
suppose the machine does not
work satisfactorily and the
farmer sells it in less than four
years. In this case, the full
investment credit must be
recaptured.
5. The cost of items
purchased for resale should be
deducted in the year in which
they are sold. For example, a
livestock feeder might buy
feeder animals in the fall of
1968 tor sale as (laughter
animals in the spring of 1969.
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MURPHY TIRE AND APPLI ANCE CO
OUR NEW PHONE NUMBER 837-5139
PEACHTREE STREET - MURPHY. N.C.
Ivie Funeral 'Home
Murpky-Andrews-Hayesville
CARL A. WEST
Call Arnold Wert, 54, died
at his home early Wednesday
after a long illness.
He had served as trustee,
Sunday school teacher and
Training Union officer in
Andrews First Baptist Church.
Owner of West Sports Shop in
Andrews for 21 yean, he
retired last year.
Surviving are the widow,
Mrs. Corena Truett West; a son,
Tniett Wert of Bakerville; the
parents, the Rev. and Mrs.
Weldon Wert of Andrews; two
brothers, Clarence of Andrews
and Otis Wart of Barfoerton,
Ohio; two sisters. Mrs. Alice
Sherrill and Mrs. Barbara Wert
both of Andrews.
Services were held t 3:30
p.m. Thursday in Andrews
First Baptist Church.
The Rev. Thomas Wells
officiated. Burial was in
Valleytown Cemetery.
Pallbearers were Newell and
Wendell Owenby, Joe Maxwell,
Jack Long, Edgar Wood and
James Harris.
The body remained at Ivie
Funeral Home until placed in
the church 30 minutes prior to
the services.
The family received friends
from 7 to 9 p.m. Wednesday at
the funeral home.
Ivie Funeral Home was in
charge of arrangements.
MRS. ANNIE COOPER
Mrs. Annie C. Cooper, 85,
died Wednesday morning in a
local hospital after a long
illness.
She was a native of
Browntown, Va., moving to
Andrews in 1900, and a
member of St Andrews
Lutheran Church.
Surviving are a daughter,
Mrs. Louise Zimmerman of
Andrews; and a grandson, Billy
Mc Falls of Andrews.
Services were held at 3 p.m.
Friday in he chapel of Ivie
Funeral Home. Burial was in
Valleytown Cemetery.
Ivie Funeral Home was in
charge of arrangements.
EARL E VANDIVER
Earl E. Vandiver, 75, died
Wednesday in the Veterans
Hospital, Oteen, N. C. after a
long illness.
He was a native of Cherokee
County, and a veteran of World
Wat I.
Surviving are the widow,
Mis. Mary Anowood Vandiver;
three daughters, Pauline, wife
of Miles B. Wilson, Lancaster,
Pa., Dorothy, wife of Ferd
Moore of Murphy, Rt 1, and
Frances, wife of Thomas
Marriott, Mobile, Alabama,
three sisters, Mis. Forrest
Teague and Mrs. Barney
McDonald, both of Murphy
and Mrs. Freddie Hawkins of
Flint, Michigan, a brother,
Glenn Vandiver of Murphy, six
grandchildren and a
great-grandchild.
Services were held at 2 p.m.
Friday in Murphy First Baptist
Church, of which he was a
member.
The Rev. Woodrow Flynn
officiated. Burial was in
Peacbtree Cemetery.
Pallbearers were members of
the Men's Bible Class of the
church. Honorary pallbearers
were members of the Joe Miller
El kins Post No. 96, American
Legion.
I vie Funeral Home was in
charge of arrangements.
J. FRED GREENE
HA YES VILLE? Services for
J. Fred Greene, 73, who died
Wednesday January 22, were
held at 11 a.m. Friday in Myers
Chapel United Methodist
Church.
The Rev. Ned Owens and
the Rev. Benin Baucom
officiated. Burial was in the
church cemetery. Members of
Hayesville Masonic Lodge No.
30 conducted graveside rites
and 9erved as pallbearers.
Mr. Greene was a member
of Hayesville Masonic Lodge.
Surviving are the widow,
Mrs. Rita Garrett Greene; two
sons, Jimmy of the home, and
Jerry Greene of Norcross, Ga.;
a daughter, Mrs. Ruby Dean
Auberry of Atlanta, Ga.; two
sisters, Mrs. Ruby Winthrop of
San Francisco, Calif, and Mrs.
Lucy Smart of Spokane, Wash.,
and three grandchildren.
Ivie Funeral Home was in
charge of arrangements.
MRS. LEWIS HODGES
Services for Mrs. Lewis M.
Hodges, 70, of Valley River
Avenue, who died Monday,
January 20, were held at 2
p.m. Thursday in Murphy
Presbyterian Church.
The Rev. Robert Potter
officiated. Burial was in Sunset
Cemetery. Pallbearers were
elders and deacons of the
church.
Mrs. Hodges, a member of
Murphy Presbyterian Church,
had received an honorary
membership for outstanding
work with women of the
church. She was a native of
Haywood County and had
lived in Murphy tine* 1922.
Surviving are a con, Robert
E. Rector of Chattanooga,
Tenn.; and a sister, Mrs.
WBIiam R. Ellerfae of Ormond
Beach, Fla.
I vie Funeral Home was in
charge of arrangements.
MKS\BLANCHE HEFFL1N
Servlbes for Mis. Blanche
Mable Hefflin, 68, of
Columbia, S.C. formerly of
Murphy, who died Wednesday,
January 23, were held at 2
p.m. Saturday in Murphy First
Baptist Church of which she
was a member.
The Rev. Woodrow Flynn
officiated. Burial was in Sunset
Cemetery.
Pallbearers were Richard
Howell, Homer Ricks, Walter
Puett, Rae Moore, Walter
Haigler and Arden Davis,
Surviving are a daughter
Mrs. Edna Hefflin Weaver of
Columbia and two
grandchildren.
Ivie Funeral Home was in
charge of arrangements.
DAVID R. OSBORNE
David Russell Osborne, 53,
died Wednesday in Newport
News, Va.
A native of Cherokee
County, he lived in Newport
News for the past 25 years.
Surviving are the widow,
Mrs. Gay Nell Osborne, two
daughters, Mrs. Jessee McGhee
of Miami, Fla. and MRs. Mary
Savage of Spring Grove, Va.;
two sons, Jimmy of the home
and Luther Osborne of
Hampton, Va.
Services were held at 2 p.m.
Sunday in the chapel of Ivie
Funeral Home.
The Rev. Ted Ellis
officiated. Burial was in
Valleytown Cemetery.
The family received friends
at the funeral home from 7 to
9 p.m. Saturday.
Pallbearers were, Kenneth
Galloway, Gene and Jerry
Beavers, Ray White, Carol
Stewart and Jack Raxter.
Ivie Funeral Home was in
charge of arrangements.
HIISI'ITU \m
.Patients admitted to
Providence Hospital, January 8
thru January 15 were: Mrs.
Edythe Ivie, Murphy; Mr. John
C Auberry, Hayesville; Mrs.
Cordie D. Conors, Murphy;
Mrs. Bonnie Ladd, Marble; Roy
Keith Bayes, Murphy; Mrs.
Floyd McDonald, Murphy;
Mrs. Manda Stuart,
Turtle town, Tenn; Mrs. Betty
E. Johnson, Murphy; Mis.
Frank Dockery, Murphy; John
Robert Smith, Murphy; Mrs.
Hazel King, Murphy; Mrs. Clara
B. Cross, Murphy; Mrs. Joan
White, Murphy; Mrs. Carrie
Minor, Marble; Mrs. Dorothy
Patterson, Hayesville; Mr.
Johnny Wilson, Marble; Mrs.
Emma Joe Gillespie, Murphy;
Miss Linda Kaye Seabolt,
Murphy; Mrs. Bettv Hogsed,
Murphy; Mrs. Sallie White,
Murphy; Mrs. Henrietta
Hogsed, Murphy; Mrs. Mattie
Sue Lloyd, Murphy.
Patients admitted to
Providence Hospital, January
16 thru January 22 were: Mrs.
Mildred Comwell, Murphy;
Mrs. Bessie M. Wilson, Rt. 3,
Murphy; Mrs. Mabel Suit, Rt.
4, Muprhy; Mrs. Mary
McDonald, Rt 1, Murphy;
Tenia Ann Hogsed, Murphy;
Mrs. Cherline Greene Murphy;
Mrs. Cassie Panther, Rt. 1
Murphy; Mr. Elbert H. Amos,
Murphy; Mrs. Nettie Magaha,
Rt. 1, Warne, Keith Dennis
Whitener, Rt. 3, Murphy; Mrs.
Virginia Parker, Rt. 2, Murphy;
Miss Addie Leatherwood,
Murphy; Mrs. Doris Mallonee,
Murphy; Mrs. Cora L. Moses,
Murphy, Melissa Renee Shook,
Rt 1, Murphy; Tammy Renee
Shook, Rt 2, Hayesville; Mrs.
Betty Hogsed, Murphy; Mis.
Mrs. Larus Paytiamo, Marble;
Mrs. Joan White, Murphy; Mrs.
Emmer Comwell, Murphy; Mr.
Edgar A. Howard, Murphy and
Mr. Clifton Gregory,
Culberson.
Births
WHITE
A son, William Edward to
Mr. and Mrs. William Edward
White, of Muprhy, January IS,
at Providence Hocpital. Mrs.
White it the former Miss Lois
Jean Yarmus.
PARMER
A ton, Paul Henry to Mr.
and Mrs. Leonard Earde
Fanner, of Murphy, January
18, at Providence Hospital.
Mrs. Farmer is the former Miss
Pauline Elizabeth Carroll.
BflBf
RUTH
16-18 1
BASEBALL
for 16, 17, 18 year old young men
BABE ROTH BASEBALL
ORGANIZED AMATEUR
BASEBALL today provides
wholesome competition on the
community level throughout
the baseball season for boys
beginning at age 8 and
continuing through to age 18.
But, it was not always so.
Until a few years ago once a
teenager reached his 16th
birthday everyone forgot that
he was still in the crucial
formative period of his life and
needed as much direction as
possible in formulating his path
toward bcoming a responsible,
mature citizen.
In recognition of this Babe
Ruth Baseball developed an
entirely new teenage baseball
program, Babe Ruth 16-18
Baseball, as a graduation
complement to the existing
programs for 13-15 years
olders such as Babe Ruth
League, the acknowledged
leader of the 13-15 year old
baseball world.
Babe Ruth 16-18 Baseball is
designed to provide organized,
regulation baseball competition
for 16,17 and 18 year old
young men as a developmental
plateau where they can
continue to learn and practice
those principles which will
carry them through to a
satisfactory and productive
adulthood.
BEGINNING
Babe Ruth 16-18 Baseball
entered its first year of
operation in 1966. Since then
league registrations have tripled
m communities throughout the
United States and Canada have
adopted 16-18 Baseball to
complete their local amateur
baseball picture.
Its parent organization,
Babe Ruth League baseball,
was the pioneer program in
providing supervised, organized
baseball competition for 13,14
and 15 year old boys. Today
Babe Ruth Baseball (the name
adopted to describe the entire
non-profit organization) is
looked to by government
leaders, educators, recreation
experts and baseball
enthusiasts as the leading
organization in the teenage
baseball field.
WHY ORGANIZED?
As with any pioneering
progressive organization, Babe
Ruth Baseball was more than
casually aware that its job was
far from completed by
providing for 13-15 year old
boys. No organization was
making available similar
opportunities for young men
once they had surpassed Babe
Ruth League age.
Nowhere was there found a
program dedicated first to
providing regular season play at
the community-league level
with tournaments serving a
secondary role in the total
program.
Therefore, the International
Board of Directors of Babe
Ruth Baseball (all experienced
youth baseball volunteers)
authorized its headquarters to
design and operate just such a
program to again fill a void
much as the Babe Ruth League
program had filled a similar gap
in 1951.
WHAT ARE THE BENEFITS?
For today's adolescent and
tomorrow's leader, upon
entering Babe Ruth 16-18
Baseball he will find the
opportunity to practice the
ideals of sportsmanship, fair
play, high morality and
democratic spirit which he has
learned at the younger levels.
Through his 16-18 Baseball
experience he will merge better
prepared and educated to
assume his ultimate role as a
responsible, mature adult ready
to meet the challenges of our
increasingly complex society.
In addition to teaching
better citizenship, our primary
goal. Babe Ruth 16-18 Baseball
haa as a prime objective
teaching better baseball and
providing the opportunity for
more and more 16-18 year
olden to play the "Great
American Pastime".
Physical fitness too, is of
t.
great importance in today's))
society and there is no better r
way to maintain this fitness a
among our young men than theB
athletic field. B
For the community-league, ?
joining Babe Ruth 16-18 1
Baseball will mean receiving: *
immediate identification with"
and membership in the0
best-known amateur basebaU e
organization; immediate and *
continuous administrative,
promotional and operational ?
services including league ?
organization, player selection,
publicity, fund-raising, etc; 1
standarized rules and*
regulations determined through e
years of exhaustive research; J
guidance from thoroughly '
experienced amateur baseball '
volunteers and professionals;
and a fully planned, promoted
and admiminstered tournament
schedule leading to the world
championship.
WHAT IS THE ORGANIZAT
ION?
The International Board of
Directors of Babe Ruth
Baseball (the policy-making
body) serves as the governing
body of both Babe Ruth
League and Babe Ruth 16-18
Baseball. Babe Ruth
headquarters is the
administrative and promotional
center for the entire
organization.
All four section
commissioners (governing a
specified group of states) and ;
state commissioners (governing
all Babe Ruth 16-18 Baseball 1
leagues within their respective .
states) are appointed annually
by headquarters and serve as
volunteers. Each league
president, elected annually by
the adult members of the local
league, serves as a voting
member of the state
organization in establishing
state policies in accordance
with the rules and regulations
of Babe Ruth 16-18 Baseball.
Similarly, each state
commissioner serves as a voting
member of the section
organization in establishing
section policies.
TOURNAMENTS
Although secondary since
organized league play is the
major purpose tournament
competition takes place at all
levels of 16-18 Baseball. Each
franchised Babe Ruth 16-18
Baseball league may select a
tournament team to represent
the league in annual state
tournament play.
The state winners compete
with one another in section
tournaments with the four
section champions winning the
opportunity to play in the
annual Babe Ruth 16-18 World
Tournament of Champions. ,
HOW DO YOU FRANCHISE?
Babe Ruth 16-18 Baseball
regulations provide a
framework under which local
leagues, annually franchised by
headquarters, operate with ,
simplicity and democracy. All
rules and regulations of Babe
Ruth 16-18 Baseball were
determined only after much
study and research by
headquarters basing the entire
structure on the composite
experience of the volunteers
and professionals serving Babe
Ruth Baseball.
ORGANIZATION
Each franchised league
administers it own program
within this framework of rules
and regulations with no undue
restrictions placed upon the
league from headquarters.
As a local group of
interested adults meets the few
simple requirements for
franchise and submits its
franchise application to
headquarters, the application is'
reviewed, approved and
registered and he franchise
certificate is forwarded
accordingly.
Your league's membership
in Babe Ruth 16-18 Baseball is
another step toward the better
development of the youth of
your community!