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Taxpayers Ask IRS
THE TRffiUNAL ADD
Moving Up At
Southern Bell
WEDNESDAY, MARCH 31,1976
This column of questions and answers on federal 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.
GASTONlA--Moving up inake his home in Char-
is what’s happening for lotte.
have filed, you should then file a Thomas Rucker at
Form 1040X, Amended U.S. Indi- Southern Bell Telephone,
vidual Income Tax Return, On the Beginning his telephone
GREENS B«R O:
BUSINESS & FINANCE
Van Hecke Announces For House
Q Both my wife and I became 65
years old in 1975. I understand
that tiecause of our age. we get
some special ta« benefits. What
are they?
A. Persons age 65 and over
have special filing requirements.
Single persons in this age group
do not have to file an income tax
return unless they earn a gross in
come of at least $3,100 (com
pared to $2, 350 for taxpayers un
der 65). Married persons filing
jointly and living together at the
end of the tax year do not have to
file unless income is $4,150 or
more if one of them is at least 65,
and $4, 900 if both are in this age
group.
However, if a person has net
earnings of at least $400 from
self-employment, a tax return is
required no matter what the per-
son'sage.
Also, persons 65 and older are
allowed an additional $750 ex
emption for their age, in addition
to the normal $750 personal ex
emption. There are several other
tax benefits for persons at least
65. For a complete explanation
see IRS Publication 554, Tax ben
efits for Older Americans, avail
able at most IRS offices.
Q. I have already filed my 1975
Federal income tax return, but
when I reviewed my copy, I found I
had made an error. Can I correct
this error?
A, When you find an error on an
individual income tax return you
Form 1040X, you can recompute .
the portion that has changed and
send it, with any necessary related
information, to the address shown
in the instructions for that form.
Your amended return should be
filed within three years from the
date your original return was filed,
or two years from the date the tax
was paid, whichever is later.
Q. Why does the 1975 individ
ual tax form have questions asking
about the town, county and state in
which I live. For what purpose are
my answers used?
O n
Wednesday morning,
March 31. Jim Van Hecke
became the first person to
announce his candidacy for
lifetime resident of Greens
boro. and a 1965 graduate
of Grimsley Senior High
School. He graduated from
the University of North
Representatives from Guil
ford County. The an
nouncement came at a
press conference at the
Central YWCA in Greens-
boro.
career as an Operator in
the forms at the request of the _ i , ■
U.S. Bureau of the Census. From Winston-Salem, North Car- several key issues at the
n April of 1975, press conference which he
Rucker was pro- focus on in the
to Switchman in campaign. He named tax
the answers, the Bureau will de- olina,
velop current estimates of popu- James
lation and per capita income.
These estimates are used princi- rnoted
the State House of Carolina at Chapel Hill and
studied theology at Prince
ton Theological Seminary
and law at UNC. Van Hecke
is now employed by Union
Camp as a sales represen
tative for North and South
Mr. Van Hecke spoke of Carolina.
Mr. Van Hecke .las been
continuously involved in
community services and
pally to determine the distribution January of 1976.
of general revenue sharing funds
to state and local governments
DON’T DELAY SAVE TODAY!!
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“IT« Are The Saving$ Speciali$U>'*
AccounliUiiurad To $]0,000 By FSLIC No Nolle* Rmiulrtd For WIthdrtwal
PLENTY OF FREE PARKING
DRIVE-IN WINDOW
CALL 883-4116
700 NORTH MAIN STREET
Horn* Loan$ To Buy Or Build
Since his new job
involved technical training,
he attended Switchman
school in Salisbury, North
Carolina for seven weeks.
Mount Holly will be his new
assignment location and he
will be reporting there this
week. Mr. Rucker will be
working in the new
Network department.
Three years of service in
the United States Army,
culminating in a rating of
SP/4, preceded Mr. Ruck
er's work with the
Telephone Company. A
bachelor, he is expecting to
reform, education and
public health care as major
concerns of Guilford Coun
ty citizens.
Jim Van Hecke is a
programs, especially those
for young people. Some of
his leadership activities
include Young Life groups,
youth recreation in his
church, youth swim and
Soul City Lands
First Industries
racquet clubs. Leadership
Training Institute (which
he helped organize). Voter
’ egistration. Stae Demo
cratic Executive Commit
tee. Democratic precinctf,
officer and other Democra
tic committees in the
county.
He made the following
statement:
For release after 9:30
a.m. Wednesday, march
31. 1976.
1 today announce as a
Democratic candidate for a
seat in the North Carolina
House of Representatives
from Guilford County.
1976 is an important year
to Americans and to North
Carolinians as well. As we
celebrate our nation's
bicentennial and revel in
the accomplishments we.
as a people, have made.
candidates that will not shy
away from taking stands on
tough issues and legislators
that will go to Raleigh to
fight for the interest of the
people on those tough
issues. I intend to be that
kind of candidate and that
kind of legislator.
I have outlined an
ambitious program, but it is
one that is attainable. I do
not want to promise more
than 1 can deliver and 1
certainly realize the limi
tations on a state legislator.
YOU CAN
BECOME
A 'BOSS'
m.The
FULLER
WAY
SOUL CITY-Floyd B.
McKissick, Sr., Developer
of the new community of
Soul City, located in rural
Warren County, announced
that agreements had been
signed to locate two
manufacturing facilities in
the new town.
He said that the Soul City
Foundation, Inc., had
leased all of the manufact
uring space (47,000 sq, ft.)
in Soultech 1 to Warren
Manufacturing Company.
Warren Manufacturing
Company has in turn
agreed to sublet approxi
mately 7,000 squre feet to
American National Housing
Helps Shrink
Swelling Of
Hemorrhoidal
Tissues
caused by inflammation
Doctors have found a medication
that in many cases gives prompt,
temporary relief from pain and
burning itch in hemorrhoidal
tissues. Then it actually helps
shrink swelling of these tissues
caused by inflammation.
The answer Preparation //®.
No prescription is needed for
Preparation H. Ointment or
suppositories.
hat we believe and an
, , . uncertainty about where w'e
Inc. American ,,
Company,
National Housing Company
will manufacture and mar
ket low cost modular
housing units throughout
North Carolina and Virgin-
Mr. Leonard Weiss,
President of Hunter Out
door Products Company,
Yonkers, New York, said
there is a confusion about 1 feel closely akin to the
prophet Isaiah on this. 1
have been to the place
where I thought society
could be idealized and
redeemed overnight, but 1
have come painfully to see
that real, substantial
change takes lots of hard
work and time. 1 have
become more pragmatic,
'though still not, I think,
losing my dreams or
will, therefore, as a
candidate, discuss w'ith the
citizens of Guilford County
the major issues of the day.
I do not have all the
answers to all the problems
facing us today. I do have a
willingness to be open,
honest, and frank with the
thaVwarren Manufacturing
Company would hire 300
employees within the year.
Hunter Outdoor Products is
the sponsor and major
shareholder of Warren
Manufacturing under the
Small Business Adminis
tration’s 8 (a) program.
Weiss said that the parent
company and Warren
Manufacturing Company
were engaged in manufact
uring sleeping bags, .field
packs, tents, and other
outdoor items for military,
commercial and foreign
markets.
Arthur Padula, Jr.,
President of American
National Housing Com
pany, Inc., also has agreed
to buy land in Soul City’s
Employment Park to build a
permanent manufacturing
plant.
Tlte Fu££et Pwducfo Shwy 9s yowi OmiiaUm
TO BELIEVE IN YOURSELF...
TO BE INDEPENDENT - TO BEAT UNEMPLOYMENT
TO MAKE THE MOST OF YOUR ABILITIES
FOLLOW THIS PLAN. MAKE $360.00 A WEEK
See 40 people a day ■ 240 people a week ■ 960 people a month'
Collect no less than an average of $3.00 pei person a day.
Your total sales will be $120.00 a day ■ $720.00 a week
The part that you are really going to love ■ "INCOME"
$360.00 a week
$1,440.00 a month (4 wks.)
$18,720.00 a year
JUST THINK,
‘NO LAY-OFFS” “YOU CAN’T GET FIRED”
“YOU ARE YOUR OWN BOSS”
FULLER PRODUCTS COMPANY
50 East 26th Street 717 E. Market St.
Chicago, II 60616 Greensboro. N.C.
nr. R-Rflnn 919 275-3067
FOR SALE VA HOMES
RF.ADY for occupancy
EQUAL HOUSING OPPORTUNITY
3205 FOREST VIEW DR, — 7 rooms. Brick
Veneer Ss Wood Siding, Price $33,000
cash down payment $1,700, balance
payable on the first day of each
month in 360 monthly installments
of $251.86 each including principal
payment plus interest at an annual
percentage rate of 9%.
1702 OBERLIN DR. - 5 rooms. Brick
Veneer, Price $23,200, cash dot^n
payment $1,150 balance payable on
the first day of each month in 360
monthly installments of $177.43
each including principal payment
plus interest at an annual per- ,
centage rate of 9%.
2708 ERNEST ST. - 6 rooms. Brick Veneer
& Wood Siding, Price $24,800, cash
down payment $1,250, balance payable
on the first day of each month in 360
monthly installments of $189.50 each
including principal payment plus int
erest at an annual percentage rate of
9%.
613 RUNYON DR. - 6 rooms. Brick Veneer
& Wood Siding, Price $30,100, cash
down payment $1,500, balance payable
on the first day of each month in
360 monthly installments of $230.13
each including principal payment,,
plus interest at an annual percent
age rate of 9%.
132 CULBRETH AVE. - 6 rooms. Wood Sid-
ing, Price $9,500, cash down pay
ment $300, balance payable on the
first day of each month in 240
monthly installments of $85.48 each
including principal payment plus
interest at an annual percentage
rate of 9%.
SEE ANY LICENSED
BROKER OR CALL
VETERANS ADMINISTRATION
WINSTON.SALEM, NC
723-9211 Ext. 226
ACROSS
1. Red-bellied
woodpecker
5. Ancient
Semitic local
deity
0. Loyal
10. Snapshot
book
12. Month
13. Cubic meter
14. Begone!
15. Approaches,
as game
K. Game of
cat's cra
dle (H. I.)
17. Roman road
18. Half an em
19. Medicinal
plant
21. Any fniit
drink
22. Varieties of
corundum
25. Owns
27. Forest ways
30. L^nd
measure
31. Farm
animal
33. River island
34. Unstable
36. Greek
portico
37. Canadian
river
38. Performing
39. More ra
tional
40. Garry
Moore,
for one
41. Ancient
Irish capital
42. Direction
CROSSWORD
DOWN 17. Frozen
1. Zero
2. Leading
actresses
3. Exchange
premium
4. Chief deity
(Babyl.)
5. Sew with
long stitches 23. Anger
6. Place of 24. Water
worship
7. Adam’s son
8. Sneaked
9. Biblical
name
11. Middle
(law)
15. Frighten
3 3 OW 3
water
9 N I GO
20. Con-
oixis
trac
tion:
SI3I !ia
21. Tib-
Bm BlilOl] DSIS
etans,
SBIilDS BDEIEIB
BUBElilB SglSDi)
god
25. Stops
26. Biblical
mount
28. Young
lion
29. The
theatre
31. Collier
32. Extreme
35. Ea^st Indian
grass
36. More or
less
38. Moisture
1
1
3
4^
i
S'
*
7
6
y
to
U
n
n
14
1ST
1 h
17
18
70
■I'l
35
2^
25
27
26
29
31
31
33
34
35
7>
5/
30
■40
4-1
A2
“Self-employed”
now means a lot more
Under the provisions of the Keogh Act, if
you re self-employed, you can currently defer
taxes on 15% of your earned income each
year up to a maximum of $7500 when you put
this income to work to build your own
retirement plan.
This is an opportunity too good to miss — and
Metropolitan is ready with the right products
to let you plan the best program for your
retirement years.
Let’s talk now, I can f
I you in on the Keogh
plan details and show you how we can help
"self-employed” mean a lot more
Just call me.
Leonard Conley
804 Summit Avenue, P. 0. Box 6787
Greensboro, N. C. 2740S
Office: 275-0251 Residence: 376-5994
Metropolitan Life
Where the future is now
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