Income Tax Primer for Form 1040 Deductions and Rules
A primer explains what income is and is not taxable, defines marital status and dependents, and details deductible travel and business expenses for Form 1040. It covers automobile costs, lodging, meals, baggage charges, travel for conventions, and other business deductions, plus the proper way to list expenses and wages on the form. Tomorrow: Rents and Royalties.
MENTIONED IN THIS ARTICLE
Washington
Nea
Nash Dealers Here Awarded Highest Honor
Nash Motors this week honors Davis-Pruett Motor company of High Point as a first in the Atlanta area to qualify for the 10 Point dealer program. J Frank Davis and R B Pruett receive a plaque at a Sheraton dinner with Nash zone officials. all employees win lapel buttons.
MENTIONED IN THIS ARTICLE
Nash Motors
High Point
J. Frank Davis
R. B. Pruett
Davis-Pruett Motor Company
Sheraton Hotel
Atlanta
Davis
Mr. Pruett
Nash Motor
Davis and Pruett
Nash Zone
Clyde FE. Wilson
1000 foot limit on hog pens goes into effect soon
City health department informs hog pen owners within the city limits that after February 28 pens must be located more than 1000 feet from any science or place of business where people work. The ordinance also requires sanitary maintenance flooring and regular inspections by officials.
MENTIONED IN THIS ARTICLE
SSS Tonic
Happy People
Es ‘Tonic
Stearns Ae ‘Onic
Tonic
Business Travel and Vehicle Expense Allocation Summary
The taxpayer reports use of a personal car for employer business away from Sandy Hook in 1945. Car cost 1560 with annual depreciation 310. Total business miles 12,542 and personal miles 2,398. joint costs allocated 684% to business use. Gasoline tax for personal use billed separately. business gasoline costs included. The following expenses were for business.
Travel expenses and deductions noted on Form 1040 notes
A schedule attached to John Doe s 1040 shows 461.63 of net travel expenses deducted from salary under Item 2. He reports 153.25 for entertaining customers 12 for trade magazines 8.85 for Christmas gifts 60 for a year around garage with 84 percent deductible. These are business expenses claimed as miscellaneous deductions rather than salary charges.
MENTIONED IN THIS ARTICLE
John Doe
Sandy Hook
Doe
Long And Short Of It In Chicago's Streets
Chicago data notes streets by length and width. Armstrong street is 82 feet long the narrowest is Academy place at 10 feet Western avenue runs 23% miles long. Bradman hosts a card file with 1 370 street names. No Main street exists in Chicago. Coal coke links steel making.
MENTIONED IN THIS ARTICLE
Chicago
Howard Bradman
Armstrong Street
Academy Place
Western Avenue
Ministers Hear Hopkins Call for Bible as Word of God
Rev. Julian S. Hopkins of Green Street Baptist urged local ministers to affirm the Bible as the Word of God, inspired and inerrant, to individual belief and to share it via visitation and personal testimony. Rev. Charles Epperson presided, with Rev. E. Stana presenting the speaker.
MENTIONED IN THIS ARTICLE
Julian S. Hopkins
Green Street Baptist Church
Local Ministers Association
Hopkins
Association
Charles Epperson
The
Gospel Tabernacle
E. Stana
Main Street Me Church
Poland Sets Calorie Floor for Citizens
Warsaw reports the ministry of food will ensure 1822 calories per person daily until the 1948 harvests, down from the prewar average of 2700 calories. The policy aims to ration essentials as the country tightens its economic controls.
MENTIONED IN THIS ARTICLE
Warsaw
Ministry of Food
Also Mentioned on This Page
Burton Heath
Nash Dealers
C. M. Tillinghast
J. S. Krider
Nash
Christian
Davis-Pruett Motor CO
North Main Street
ASH Motors
Horn
J. S. Hopkins
Poland
Pierces
Abead