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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 08, 1946
Page
8
This seventh installment explains tax rules on profits from sales of property and other income items. It covers Schedule D for capital gains losses, Schedule E for estates and trusts, the tax treatment of matured endowments, and notes on Schedule C for business income. It ends with steps to calculate total income and proper allocation between spouses.
An advertiser promotes a new rupture protection device claiming comfort without trusses or binding gear. Readers are urged to send name and address to William S. Rice Inc to receive full details at no cost.
The guidance notes a smaller income up to 500 with a tax saving up to 15. It instructs listing personal exemptions on the form, including yourself your spouse if filing jointly and all dependents. Each person’s name and relation must be provided on separate lines for the itemized return. Tomorrow use the tax table.
In New York 2500 scientists form the Federation of American Scientists to educate the public and influence legislation on science topics. The group merges twelve predecessor organizations and aims for world atomic energy control, research safety, and countering misinformation.
Sea Brewster seeks testimony from Admiral King and Forrestal to justify their actions after Pearl Harbor. Stark, praised for WWII roles, was told he should not hold a position requiring superior judgment. Brewster notes Kings, Forrestal decisions merit committee review.
Washington reports Gen Henry H Arnold will relinquish command of the U S Army Air Forces around February 15. He plans late 1940s travel to Chile Peru and Colombia as part of his final official acts before stepping down in March 1942. He warned that airpower must guard world peace against aggressors.
John Ridgely Howard, six pounds eight and a half ounces, was born Tuesday to actress Dorothy Lamour. Hospital attendants reported both mother and baby doing nicely.
The Supreme Court, in a 5 to 3 decision, reversed Jehovah's Witness convictions for distributing literature in Gulf Shipbuilding's Chickasaw Alabama company town and in Hongo Navigation Village Texas. Justice Black wrote for the majority, saying constitutional rights of press and religion take precedence in these cases.
The UFEMW CIO set January 21 as the date for a strike involving about 30,000 workers at 11 International Harvester plants. The action follows 90 days of negotiations over a demanded 30 percent wage increase, affecting sites in Rock Island East Moline Rock Falls Bettendorf Ta Richmond Auburn and five Chicago plants with around 15,000 workers in Chicago alone. Plants elsewhere may join as part shortages impact other Harvester properties.
City Council grants auctioneer licenses to Col Bill Workman of 112 Avenue NW and Col. R. W. Cairy of 1315 Third Street SE. December water works pumped 195 million gallons, about 6.3 million gallons daily, using 23,960 kilowatt hours to supply homes and factories. Average hardness of the river remains noted.
Water prior to softening measured 14.32 grains per gallon and fell to 5.78 grains after the process. An offer by Emil E Swatosh to buy a lot between First and Second street SW at Eighteenth avenue was approved. Beer permits for Leon H Dorlan Jay B June and Ervin L Bolgren and Nicholas T Habib were cancelled as part of council actions.
The council issues a class B beer permit to Louis Becicka of 1623 J street SW and a class C permit to Lester W Kadlec and Gustav Pesek of 1500 J street SW. It accepts surrender of cigaret permits from Leon H Dorlan of 110 First street NW and NE, awards refunds of 25 to Dorian and 50 to Habib, and grants a 450 refund on a building permit held by L Irvine.
The council reinstated Harold Johnson to his fire department position and restored full civil service rights after his military discharge. Cigaret permits were issued to W. M. Rossey, 2228 Bowling St SW, Wenel F Douda, 208 E Avenue NW, Anton Palumbo, 215 Fifteenth St NW, Robert D. Narber, 110 First St NW, Virgil Woodford, 1106 Fifteenth Ave SW, and Harry L. Simmons, 102 First Ave NW.
Lt. Gen. Sir Frederick E. Morgan, chief of UNRRA operations in Germany, refused to resign his post. UNRRA in London said Morgan had been asked to come there and resign after he stated at a news conference that he believed an exodus of Jews from Europe was plotted.
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