f®|@ J -Taxpayers Ask IRS
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.
Q) Since I’m not sure what
my income will be this year,
can I use 196 S figures for my
estimated tax?
A) Yes, one method that j
can be used to make an esti
mated tax declaration is to
base it on last year’s income
and expense figures. Make any
adjustment you think neces
sary in these figures when you
file the declaration.
Should your income situa- j
tion change after filing, make
the required adjustment when
you make the next installment
payment. The change can be i
made on the estimated tax
worksheet you used to figure
your original declaration.
If you received a package of !
pre-add ressed estimated tax j
vouchers in the mail, use one
to make each quarterly pay
ment. This will assure proper
crediting of your payments. If
you need to file an estimated
tax declaration and did not re
ceive the Form 1040 ES pack
age by mail, the forms can be
obtained at your local IRS |
office.
Q) 1 sold some shares of
stock I inherited from my
grandfather. How do I report
this?
A) Report any gain or loss
on Schedule D. Generally, the
gain or loss will be the differ
ence between proceeds of the 1
sale and the fair market value
of the stock at the date of
decedent’s death.
Ligon Crosses Hurdle,
•Drops Hillside, 80-76
For Ligon’s Little Blues, the
long season is over arid they
have emerged victorious but not
easily. The strain of the season
is relaxing but the anxiety of
the conference tournaments is
just beginning. The ending,
therefore, Is really the begin
ning.
Revenge, though, is sweet, and
that’s what the Blues got in
their final contest with arch
rival Hillside as they plastered
the Hornets 80-76 in Durham to
avenge their only loss of the
season.
To make the win even sweet
er, Ligon ran up a 22-point lead
in the third quarter, 62-40, the
quarter in which they lost in
an earlier meeting by scoring
only nine points.
Eli Davis, who was just get
ting over a bout with the flu
in the first game, was fit as a
fiddle as he bombedtheHornets
for 27 points Including nine of
ten from the line. He got ample
support from Leroy Bryant, 18,
A Alex Martin, 17; Joe McLamb,
and Twiggy Sanders, 11,
Twiggy also hauled in 21 re
bounds.
Track Goes Big
Time At J-State
JACKSON, Miss. - Jackson
State is making an effort to win
acclaim in the World of Track
and Field under the leadership
of Coach Martin Epps. This is
the College’s really big drive to
gain recognition with the hopes
of placing the Tigers among
the best, on Friday, February
13, they will compete in the As
trodome Indoor Championshios
Black Methodists Urged To
Become Agitating Conscience’
KANSAS CITY, Kansas-Black
Methodists for Church Renew
al (BMCR) heard its Chairman,
the Rev, James M, Lawson,
Memphis, Tenn., last Wednes
day urge them to become the
black men and women that they
sought to become with the origin
of the organization three years
ago as an “agitating con
science" Within the United
Methodist Church,
Saying, “that we are no longer
boys and girls and that we must
help each other to be men and
women at any cost," the civil
rights leader urged the cata
lytic group to do this imme
diately.
Centering his speech around
the theme, “Our Purpose and
Style of Mission for the 70’s,"
Mr. Law Son attached the ideal of
tokenism within the 11-million
member church, He siad the
day has gone when a black per
son will allow himself to be
placed in a position of “au
thority" merely to satisfy black
patrons and ’ constituents. He
3,aid that tills was not only un
acceptable to blacks for rea
sons of tokenism but also the
loss it breeds to individuality.
He said sucii an approach de
stroys one's personal drives
and concerns.
For your convenience, a copy j
of Schedule D and instructions I
were included in the 1040 tax ;
package mailed out this year.
Q) Is a company pension I
taxable?
A) If the company paid the j
entire cost, the pension usually i
will be fully taxable when you
receive th? proceeds. If you !
contributed to the cost of the ;
pension, then only a portion is
taxable.
If the employee’s total con- I
tributions are recovered with
in three years after hi receives
his first pension payment, no
tax has to be paid on the pen- j
sion until the employee’s total
contributions are recovered. If i
the employee’s contributions :
will not be recovered within 1
that time, a portion of the pen
sion will be taxable each year,
This is explained in greater
detail in the instructions ac- i
companying Schedule E which
is part of the 1040 tax pack- i
age.
Q) Do you need all my
W 2’s? I had several part-time
jobs last year in addition to my
regular one.
A) Yes, a W-2 from each i
employer should be attached j
to the back of your tax return.
A missing W-2 was a major
reason for delayed refunds
last year. If you cannot get all
your W-2 forms, report all
your income and attach a
statement explaining how you j
computed any tax withheld for |
Although the final margin was
16 points, it wasn’t that way al
ways. The first eight minutes
turned out to be a feeler as
both teams were slow in finding
the hoop, Davis and Bryant com
bined for the Blues first 12
points in a period that netted
only 24 points for both teams, 18
for Ligon and 9 for Hillside.
The final eight, however,
were the most hectic minutes of
the game as the Hornets tried
to throw the division into a three
way tie.
Pressing from baseline to
baseline, the greasequick Hor
nets forced five Ligon turnovers
in the first four minutes while
dangerous John Lucas person
ally out scored the Blues 12-4
narrowing the gap from 67-49
to 71-61.
Then along came Davis, a
fast pair of hands and Davis
drives for an uncontested lay
up; a missed shot by Ellis Al
ien and Davis scores on a three
point play; Lucas misses from
the key and Davis pumps In a
twenty-five footer upping the
lead to 17 points as the clock
ticked mindlessly on.
at Houston, Texas.
Members of the 1C man team
are: Barney King, Bobby Phil
lips, Donald Sanders. Theodore
Gordon, Jimmy Patterson, Joe
Rule, James Bennett, Otis Mar
shall, Clarence Jackson, Lynn
Davis, John E. Young, Samuel
Simmons, Euguene Almon, Lou
is Williams, James Moore, and
Carl Lavine.
Focusing his attention on a
major goal of BMCR, Mr. Law
son said an all out effort would
be made to get the United Meth
odist Church to move away from
established structured pro
grams to new ones dedicated
and directed toward, the young,
ghetto, women and children. He
said the Church must do this
or it will either lose or de
stroy itself, BMCR must help
“feed and care" for the Black
Revolution in this country. We
must use all available means to
perpetuate the movement, he
said. “BMCR and other con
cerned groups and persons,
however, build a society that
will not be based upon fear,
equality and poverty as white
racism has oeroetuated."
He challenged BMCR to use its
Christian Insights to bring a
structured life into Ml fruition.
He said it was important that
people in the Church still cared
about the things that Christ him
self taught in relationship to
human existence
* * V
Drive carefully and avoid the
sorrow that will come to you
if you cripple a child for life.
* * *
Amost any one call tell you
how to Jive your life.
which you claim credit, but
for which you have no Form
W-2.
Attach copy 8 of each W-2
to your return. The othsr copies
are for state income tax re
turns where required and for
your records.
Q) I was charged a pre-pay
ment penalty when I paid off
my mortgage. Can I deduct
this?
A) Yes, this is deductible as
interest if you itemize.
Q) My friend said I had to
add the surcharge to what the
tax table showed I ow r ed. Is
that right?
A ) Yes, the tax tables show
the regular income tax and to
this amount should be added
the income tax surcharge. You
should use the tax surcharge
tables on page T-l of the
Form 1040 package to deter
mine your surcharge,
The tax tables are for tax
payers with incomes under
$5,000 who don’t itemize. IRS
will also figure the tax due for
these taxpayers in most situa
tions.
Q) I moved last year to take
a new job. Can I deduct my
costs of moving from one city
to another?
A) Under certain condi
tions, certain moving costs are
deductible. You can qualify for
this deduction if you move to
lake a new job or for another
job with the same employer.
You may take this deduction
even if you do not itemize your
deductions.
Conditions under which mov
ing costs are deductible are
covered on page E-2 of the
1040 instructions.
VSCOut Os
Tourney;Loses
To Morgan
PETERSBURG, Va. - With
the pervasive knowledge that
they had been eliminated from
the CIAA basketball tournament
all around them, the Trojans of
Virginia State College couldn’t
put their regular game together
in the first half and lost a 78-
75 squeaker to Morgan State
here February 19.
Coming off a road loss to the
Howard Bisons Feb. 16, VSC
made numerous errors and fell
behind early to the Bears of
Morgan State, and though '. SC's
second-half performance made
the game close, the Trojans
didn’t have the necessary drive
to put it away,
VSC and Morgan are both
5-10 in the CIAA Northern Di
vision now, but the Bears went
to 6-13 over-all while State
languished at 7-15.
LOF Steps
Inf® €me
Os Seale
NEW YORK-Jack Greenberg,
Director-Counsel oftheNAACP
Legal Defense and Educational
Fund, Inc. (LDF), announced to
day that the Fund will represent
Black Panther leader Bobby G.
Seale in the appeal of the four
year contempt sentence impos
ed on him by U, S. District
Judge Julius Hoffman. "The
Legal’Defense Fund is entering
the case at the request of Black
Panther attorney Charles
Garry, and will handle Seale’s
case in collaboration with Mr.
Garry’s office.” Some of the
points that will be raised on
behalf of Mr. Seale are also
applicable to the case of the
lawyers and defendants who
were recently held in contempt
by Judge Hoffman.
The Fund is representing Mr.
Seale for the same reason that
it joined with a score of na
tional organizations and leaders
in a committee headed by Roy
Wilkins and Arthur Goldberg to
investigate the treatment of
Black Panthers at the hands of
the police and prosecutors, Mr.
Greenberg stated that "it Is
important that the Panthers and
their leaders be accorded the
fullest protection of the Con
stitution at a time when too
many public officials are striv
ing for shortcuts In law enforce
ment and the suppression of
militant dissent. Because of the
particular regexcTlh whTeh
Panthers are held by many
members ofthe black communi
ty, their treatment by the law
teaches more than a volume of
preaching on constitutional pro
tection.” The appe&i is being
directed by Michael Meltsner,
First Assistant Counsel of the
Fund, who will be assisted by
staff counsel Conrad K, Harper,
Elizabeth B. Dußols and Eric
Schnapper.
In the case of Seale, the Fund
will raise the following con
stitutional arguments:
1. Seale’s conviction violat
ed his right to jury trial.
3, Seale’s corivletion violat
ed his right to counsel.
3. Seale’s conviction violat
IN Hawks
Joe Caldwell (27) is caught in the middle of
a determined drive by Piston’s Terry Dis~
chinger. The effort cost Dischinger a foul
in first half action in Atlanta February 22.
(UPI).
tflfCs lajuftcfion
Against Ida,
Offesn Disallowed
The injunction owamea oytne
University of North Carolina at
Chapel Hill barring six men,
including James Lee, formerly
ed Due Process because his
case was tried by a judge who
had shown dislike for appellant
and his co-denfendants.
4. Seale's conviction violat
ed Due Process because he was
not afforded a full hearing.
Ever. the seventh, or eighth, or ninth
Savings Bond will be as welcome
as the first. Which is one reason why
lil§®ig§k they make a pretty nice gift.
IqjßL, \ _ p And in a few years, a young couple
' 1 Wi will open up that bottom drawer
to cash in their wedding Bonds.
Who ever heard of found mon-
Atottoto than three # '.VW
* 1” M
they're !<mt, •tolen, «*r
.
~ '* ay ' n *’ s
Did you ever hear of
returning a havings Bond
because you got
too many?
Courtesy The CAROLINIAN
Tfvt U.S. C*v»ra*«?it woi (wy !ftr fi*t» wlverttMinwni.
SigWg #■§ 9 It)» p»«*««ms£ M syrafetit sawtei? in weywnration Thss
OilNtrtmsn! of Ik* TMWW<y and Tim Mwluill Cs>u><«!.
of Raleigh, from its campus
was dissolved, Monday by Su
perior Court Judge Maurice
(Braswell.
Asst. State Attorney Gen
eral A. A. Yamore, represent
ing the University requested
that the injunction be dissolv
ed.
The injunction had been is
sued by the court following an
outbreak of scuffing at the
school during a food workers’
strike last November.
Besides Lee, the others nam
ed in the injunction were How
ard Fuller, Preston Dobbins,
George Ylastic, Thomas Grev
son and Anthony Belcker.
HUD Official Sees New Trend
in Effort To Halt House Bias
WASHINGTON, D. C. -Samuel
J. Simmons, Assistant Secre
tary for Equal Opportunity in
the U. S. Department of Hous
ing and Urban Development,
said last week that agreements
had been reached recently un
der the Federal Fair Housing
law which require that adver
tising campaigns be directed
specifically at minority buyers
in an effort to stop discrimi
nation in housing.
J,lr. Simmons spoke at a con
ference of the Dearborn Real
Estate Board in Chicago, 111.
He said that a “relatively
obscure'* section of the Civil
Rights Act of 1968 prohibits
discrimination in the advertis
ing of sales or rental hous
ing, but that recent Govern
ment cases were “very inter
esting*’ and could be indicat
ing a new trend in affirmative
advertising.
Mr. Simmons said that the
Justice Department had reach
ed an agreement with a Vir
ginia recreation community that
called for the developer to do
these things:
Solicit in predominately black
areas for purchasers of a num
ber of lots remaining in the
development;
Advertise in Washington, D.
C. and Richmond, Ya., papers
with predominately Negro read
ers that persons of all races
are welcome as purchasers of
lots;
Require most advertisments
to show blacks as’well as
whites using the facilities of
the recreation community.
Several HUD conciliation a
greements along similar lines
involving housing had also been
reached recently, Simmons
said.
nm CAROLINIAN
BALEIOH. N. C„ SATURDAY, FEBRUARY 3g. 1870
He said that minority fami
lies in tha past had come to
accept discrimination in hous
ing where they had not accept
ed other forms of discrimi
nation because they didn’t like
to subject their families to
harassment in the new neigh
borhoods, or because tney
simply did not believe housing
in the suburbs was open to
them.
“But what happens when
house began to be advertised
in black newspapers? What hap
pens when a man picks up a
slick brochure of a recreation
community and sees some black
children swimming in that
lake?*’ Mr. Simmons asked.
"A man will say to his wife;
'We won’t be the first black
family In that community, be
cause the advertising shows
biack families.* ’*
Mr. Siminons said he thought
this kind of advertising could
begin to change habits of mind
and patterns of behavior in
minority communities, and cal
led on minority businessmen
to become familiar with the
Federal Fair Housing law, and
to continue to work for equal
rights.
Henderson
CORRECTION
In the baby contest listed und
er Henderson News in last
week’s papers, an error was
made. Baby Bryant reported $4-
13, not sl3, as was stated in
the paper. She is the daughter
of Mr. and Mrs. John Bryant
of Sanford, and won the first
prize over other contestants.
Five Teams
Swim Race
in ClAA's
HAMPTON, Va. - Five col
leges are scheduled to partici
pate in the Central Intercol
legiate Atcuenv Association
Swimming Championship to be
held at Hampton Institute,
March 5-7.
According to Hampton Insti
tute swim coach Sylvius, S,
Moore, defending champion
Morgan State heads a field that
Includes North Carolina Cen
tral, Virginia State, Morgan
State, Howard University, and
Hampton Institute.
The Hampton Institute swim
ming pool is located in the
College’s new physical educa
tion plant which houses an
Olympic size swimming pool.
* * *
NEW APARTMENTS RENTED
FAST
Virtually all new apart
ments are rented within nine
months after completion, ac
cording to a survey made by
the U, S. Departments of Com
merce and Housing and Urban
Development.
The survey covered 323,000
apartments in buildings with
five or more housing units com
pleted in the U. S. during the
period starting in October 1968
and ending in September 1969.
* * *
MOST BAD HOUSING IN SM.4 LL
TOWNS
Nearly two-thirds of the Na
tion’s substandard housing and
nearly one-half of its poverty
-stricken people are in rural
areas and towns of 25,000 and
under population, according to
a report of the Rural Housing
Coordinating Group.
7