Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1920-01-20


At the State Federation meeting
OF Farm Bureaus at Morgantown,
Mr.. W. D. linn, of Barbour county,
was elected president of the State
Federation. No better selection
could have been made. He is a man
of the type of Mr.. j. R. Howard, of
Iowa, who is president of the Nation
al Federation.
Mr.. Zinn's Work.
Mr.. Zinn is the first farmer in
West Virginia. His Woodbine farm
has been visited by hundreds of far
mers in and out of the state. He is
one of the best known institute work
ers in the east. For years he has
been writing for the Stockman. Far
mers over the state have been writing
and receiving personal letters from
Mr.. linn for years. Possibly no
other man has had more to do with
taking the results of the experiment
stations to the farmers than Mr.. linn.
Farmers are better informed relative
to fertilizers, clovers, better crops,
pastures, lime and have better homes
because of the work he has done.
So far as we know Mr.. linn was
among the first to point out the eff
tests high priced labor was going to
have on farming unless prices adj
vanced also. He has keenly felt the
effects of price manipulation on his
own farming.
Farmers are expressing renewed
confidence in the West Virginia Fed
Grafton of Farm Bureaus because Mr..
linn is to lead it's work in possibly
its most trying year to get started.
After a long life of untiring ser
vice to the farmers of his state, Mr.
Zinn's best work is yet before him.
Let every farmer lend his coopera-
ton, for they may be assured their
efforts will not be selfishly used
Making Out Income Returns.
We are informed that all single
farmers with a total income of
$1,000, $4,000 for a married man
must make report even though be-
cause of deductions no tax will be
paid.
Expenses.
The following expenses are allow
able: Interest, taxes, building, lex
cept own dwelling,) livestock. and
crop insurance, losses by fire, storm
or theft less insurance collected;
wages actually paid children above
81, or to hired girl who solely cares
for hired help, poultry, milk, ETC..
rent; feed and milk; threshing; silo
filling, etc.; small tools and supplies
used but a year or two; fertilizers;
purchased live stock lost by death;
bad debts.
Cattle.
Stock as cattle bought to feed are
reported for the year sold in case an
inventory is not kept. The original
price may be deducted as an expense.
There is no original price for stock
raised, and it will pay such farmers
to make an inventory.
Deductions Not Allowed.
The following are not allowed:
Permanent improvements; breeding
stock; horses; farm machinery; per-
sonal expenses of family Only ex-
ira groceries for hired men are allow
ed when boarded in family. The
whole expense is allowed when board
ed out of family.
Depreciation.
Depriciations are deducted as fol-
lows: Four or five per cent on frame
tenant houses, two and one-half on
brick. Last year 2, 3, and per cent
was deducted for stone, brick and
frame buildings. Figure on the 1913
value or cost if built since then. The
family dwelling is not allowed.
Fencing is deprecated 10 per cent,
mature horses IL and half per cent,
mich cows 10 per cent, 10 per cent
on farm machinery and 25 per cent.
on tractors and business autos.
stock may be reasonably
possibly 121a per cent.
for breeding cattle. Hogs would
be higher. Repairs mus the deduct
ed from depreciation if claimed.
Contributions to organized charities,
educational organizations or religious
bodies, not including ministers salar-
les, may be claimed to Is per cent of
The net income.
Profits on Land.
The cost of land bought since
March 1, 1918, or its value then plus
permanent improvements may be
an income if sold advantageously in
1919. This includes profits on in
1erited land also. Farm produce
by family or exchanged
must be included.
These rulings come from the inter-
nal revenue office in Chicago. We
nave been unable to get advice from
c. A. HUGHES, County Agent. |
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