Tax Tips on Casualty Loss Deductions for Auto Damages
New York article explains that you may deduct uninsured auto damages as a casualty loss if not fully reimbursed by insurance. It details how to calculate the deductible amount from repair costs or pre post accident value changes, notes faults, theft, and the need to prove ownership and timing to satisfy tax authorities.
MENTIONED IN THIS ARTICLE
New York
Treasury
U.S
Now Jean will order Betty will keep track of the money
In a lighthearted LAFF A DAY panel, a character banters about roles with jokes on ordering, accounting, and counting calories. Betty stands as the money monitor while Jean gives orders and the narrator hints at dieting limits.
MENTIONED IN THIS ARTICLE
Jean
Betty
New depreciation breaks and casualty loss guidance
The text explains how to handle casualty losses and insurance recoveries for tax purposes. It gives an example where a $10 000 fire loss with $8 000 insured reduces the 1962 deduction to $2 000 and notes a possible 1963 deduction if further settlement occurs. It then mentions forthcoming changes to depreciation rules.
Y Camp Reunion Set for Monday at YMCA
Camp Wapsie alumni who attended last year will gather Monday night at the YMCA from 7 30 to 9 with staff on hand and parents invited. Art Holmberg will speak, Keith Black will lead camp songs, and a staff skit will be performed as refreshments follow. About 650 boys attended last summer and this year enrollment nears 100.
MENTIONED IN THIS ARTICLE
Camp Wapsie Y
YMCA
Jim Springer
Springer
Art Holmberg
Y’s
Keith Black
Camp Wapsie
Cub Scout Leaders To Receive Training In Jones and Linn Counties
A three session training program for Cub Scout leaders in the Wapsi Keta district will run Wednesday night at 7 30 p.m. in Marion high school's home making room. Bruce Westcott of Marion chairs the district training committee and says sessions will also be held February 20 and 27. The program covers the background of Cubbing the Cub achievement plan and den and pack activities.
MENTIONED IN THIS ARTICLE
Jones
Linn
Wapsi-Keta
Marion High School
Bruce Westcott
Marion
Scouts Invited to Visit Capital After Long Hike
Five Boy Scouts who hiked 50 miles from Dodgeville Wisconsin to Dubuque last week were invited Monday afternoon to visit Washington DC with two congressmen as hosts. Rep James Bramwell and Rep John Anderson sent a telegram to President Kennedy informing him of the boys achievement. Bramwell praised the Scouts for fitness and leadership in a letter to the boys.
MENTIONED IN THIS ARTICLE
Dodgeville
Wis
Dubuque
Washington, D. C
James Bramwell
Rla
John B. Anderson
R-Il
Kennedy
Bramwell
Auto Production By Firms Listed
Detroit AP report from Automotive News shows weekly and year to date production by major firms. Chevrolet built 9,500 trucks this week versus 9,694 last week. Dodge 1,800 to 2,354. International 3,995 to 9,373. Studebaker 284 to 298. Ford and GMC also noted.
MENTIONED IN THIS ARTICLE
Detroit
Automotive News
Chevrolet
Dodge
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