How Income Tax Affects Farmers in 1921 Provisions
Farmers face new rules under the 1921 revenue act. Returns must be filed by individuals meeting income thresholds, with exemptions rising for dependents. Deductible items include necessary farm expenses, tools, wages, rent, and certain repairs, while capital investments and some vehicle costs are non deductible. Losses from crop failure or livestock are limited, and living expenses are not deductible. The article outlines methods of accounting, the need to report all income, and the availability of advisory help and Form 1040 F for farm receipts.
MENTIONED IN THIS ARTICLE
Duréaw’ of Internal Revenue
Bureau
Umder
Popport
Trent Ohio
United States
Calleetars
Iicome
Pee Marciota
Sro
Internal Revenue and
Phys Advisory
Bureau of Intérnal Revenue
Bill drafted to call a convention for a new state constitution
The Preodeuriesk County Farmers Association plans a bill this week to call a state constitutional convention. Dr Charles P Goodell will introduce it in the Legislature next Monday night. H Dorsey Richison will prepare the bill, targeting a convention after the current 1922 session. A large farmer and citizen delegation will appear before the Senate committee. The present constitution is fifty five years old and heavily patched. Virginia is cited as having a much older constitution seeking renewal.
MENTIONED IN THIS ARTICLE
Preodeuriesk County Farmers’ Association
Charles P. Goodell
H. Dorsey Ticvhison
Mit
Richison
Tecare
Senate
Virginia
Lower Insurance Rate Sought for Rockville Fire Coverage
Insurance agents in Rockville have asked the Underwriters' Association to inspect the town with the aim of reducing insurance rates. Rockville currently has two well-equipped volunteer fire departments, and residents feel that protection against fire warrants lower rates.
MENTIONED IN THIS ARTICLE
Rockville
Three Drunk Cases Heard By Justice Johnson
Three drunkenness cases were heard by Justice Johnson last night. Osburn Crist, arrested for being drunk on North Market Street, was fined for resisting an officer and for intoxication. Charles Ricketts, arrested for drunk and disorderly behavior at a station, was fined for assaulting an officer and drunkenness. Dick Potts, jailed at a local railway car yard, forfeited collateral for his appearance.
MENTIONED IN THIS ARTICLE
J Grataine Johnson
Ated van Homlesed
Traverger
Osburn Crist
Gillce Noele
North Starket Street
Charles Ricketts
Omeer Adams
Baltimore and Obie Bultway
Me Wag
Dick Potts
Angerstown and Frederick Railway Company
East Patrick Street
Allen Bartgia
Move to force bill action in Annapolis House
Friends of Mobilion enforcement push a sudden move in the Maryland House of Delegates at Annapolis. Delegate Roo Funkhouses of Washington Beauty would gain authority to demand reporting out of the bill by the Prohibition Committees if he backs with 10 signatures. The 20 day limit before a demand can take effect expires tomorrow.
MENTIONED IN THIS ARTICLE
Ory
Friends of Mobilion
House of Delegates
Annapolis
Roo. Funkhouses
Washington Beauty
Anti-Saloun League
Prohibition Committees
Also Mentioned on This Page
Internal Revenue Bureau
Edwards
Eevards Civ
Bill
Sen. Goodell
Bromb
Bostonians
Abraham Tincoin
Scott
Scott & Bowie
Bloomfield
N. J
Hyle
Commercial State Bank
the Friendly Bank
Greenwalt
Lworke A Mae
Greenawalt’s
Sta
A. R. Favorite & Son
E. Seventh St
Corner Market
Second Sts
Frederick, Maryland
Bank of Personal Service
GEO. S. Rodock & Son
South Carroll Street
McCleery
Ofbek Ako Sewane
Keean
McCleery’s Jewelry Store
Ree MD
Kefauver & Shapro
North Market St
Haller
Central Hardware CO
Frederick, Md
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