Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1918-01-23
MUCH Interest IN
Income TAX QUESTION
BIG ISSUE TEMPORARILY OVER.
SHADOWS INTEREST IN WORLD
WAR ACTIVITY.
HOW 1T APPLIES TO FARMERS
Representative From Revenue Office
To BE In Manchester To Assist
Farmers In Making Report.


5 inclusive, to assist farmers who de-
sire aid in making out their reports.
The representative will answer ques-
tions and will give every possible as
sistance, but farmers must be pre-
pared with facts and figures, which the
government man cannot supply. After
completing his work in Manchester
he will be at the Ryan State Bank from
February to Is, to accommodate the
farmers and others who live in the
south half of the county.
Interest in the income tax for the
moment overshadows interest in the
war. The forty-seven federal officers
in the field in Iowa assisting taxpayers
in the execution of their returns have
been meeting daily from so to $50 peo-
pie. Hundreds have been unable even
to gain admittance to them. To meet
the emergency need Collector Murphy
has devised and is issuing through the
income tax officers in the field a form
On which the farmer may figure his
income and expenditures. For the
convenience and information Of those
whe have no such forms, here are the
questions for which you should have
figures when you call on the income
tax man:
Name; address; wife's name df
living); number children under IL. II
single, have you any one dependent
On you for support? If so. give name
and relationship of each such depend
eat Have such dependent any in
come? Amount. Number acres own
ed by you; number acres rented;
number acres under cultivation; num-
Der acres owned by WIFE; wife's in
Gene. II you sold any land, put 1t
aswa here; year purchased; cost; date
ssld: price; was deed delivered? Il
contract for deed was given, how much
did you receive down? If the land sold
was bought before March /, 1913, set
down here the value OF the land on
that date. If you made any perma-
nent improvements on the property
since March /, 1918 drainage, new
buildings, etc. put down here how
much they cost. Put down here value
Of buildings, and state whether frame,
brick, tile, or concrete. If you hled
returns of income for previous years
state the total amount Of depreciation
on these buildings which you have
claimed in the returns of income al
ready filed.
Income.
Received for: interest, rents (other
than crop-share remit; hire OF man and
horse labor off the farm; hire or
threshing outfit; machinery hired out;
crop rent elf the crops have been
soId): service of animals; road work !;
wages or allowance from other busi-
ness; value of premiums Won; divi-
dends, Receiving from sale OF wheat;
oats; corn; barley; flax; rye; silage
and roughage; clover seed; alfalfa !;
timothy seed; potatoes; fruit; WOOL;
meat; cheese: garden truck; plants
and nursery stock; hay or straw; bees
or honey; poultry hides; hogs; cat
tie: sheep; horses; mules; butter;
milk or cream; eggs; lard; posts;
ties: cordwood; royalty on mineral
lands. Value of produce traded at
stores for merchandise. Income from
any source not mentioned above. Ex-
plain.
Deductions.
The following must actually have
been paid in cash or it's equivalent to
be deducted: Interest Estate amount
of your Indebtedness; rate of in
terest; taxes (but not income taxes
or taxes for special improvements) !;
insurance on farm buildings (but not
on homestead), and on crop and live
stock; hired help (wages paid your
own minor children may not be de-
ducted) tools used up in year or
two; blacksmith expense; veterinary
expense: paid for service of breeding
animals: for filling silo; for grinding
feed; for threshing; cash rental paid
for land; medicines for stock; stock
regulators; rent paid for buildings
(but not for dwelling house); cash
rent paid for cows; repairs to farm
buildings and machinery, but not to
dwelling house. (If claim for repairs
is made, the amount claimed must be
deducted from the amount of depre-
citation estimated to have occurred
during the year, and the remainder
will be allowed as depreciation
aharge) Depreciation on farm build
ings and machinery, but not on dwell
ing house. Value of buildings and
machinery. Rate of depreciation
claimed; other expenses not listed
above (write down amounts and ex-
plapations here or on a separate
sheet Of paper).
Bought and paid for during the
year; feed; seed; salt for cattle;