The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1938-02-10
State Income Tax Commission
Questions and Ansuers

@. / am an individual in business
I employ ten people in my organization
Do have to file information returns
for all of those employees?
A. You must file information returns
for all employees to whom you paid
81 10000 or more showing names and
addresses of such persons and amount
paid to each.
Q. My brothers and are engaged in
conducting a garage business. Our
sales exceeded $4,000 during the year
Must We file return, and if so, what
kind?
A. Yes a partnership return must
be filed, together with individual re-
turns on behalf of each partner.
@. paid $4,000 in lodge dues during
1887. May I claim deduction for this
amount.
A. No.
@. MY contributions to my church
in Minnesota during the year 1897
amounted to $125.O0. May get credit
for this amount?
A. Yes.
Q. had an accident with my auto
mobile and sustained damages and had
to pay $4,000 to get the accident
damages repaired. May deduct this
amount if I use my automobile just for
pleasure?
A. Yes provided you did not recover
damages from anyone, and the &C
cident was not due to your own negli-
gence.
@. I was a co-signer on a note and
had to pay $4,000 because of my liza
bility as an endorser. May I claim this
amount as deduction?
A. Yes, it is deductible in the year
in which paid.
@. I was married on June Is, 1887.
My income for the year was $500 co.
My wife had no income during the en-
tire year What credits can I apply
against my tax?
A. 6-12 of $1,000 or $500, credit for
unmarried individual for six months
and 8-12 of $1,000 or $500, credit for
married individual for six months To-
tai credit against tax-S20.00.
@. May deduct gasoline tax paid?
My car is used solely for pleasure.
A. Yes. The State tax paid on gas
oline only, Sc a gallon up to and in
Guiding April Is, 1887, an &c a gallon
from April % to December 81, 1887.
@. traded in my pleasure car and
lost $4,000 on the deal. Can I deduct
this loss on my personal return?
A. No.
@. Are notes received in payment for
services includable in gross income?
If so, at what amount?
A. They are includable in gross in
come to the amount of their fair market
value at the date of receipt
@. List the deductions which a pro-
fessional man may claim for expenses
in connection with his practice
A. 1.-THE cost of supplies used: Auto
mobile expenses for making professional
calls; dues to professional societies; sub
scriptions to professional journals; Of
flee rent, fuel, light, water, telephone
ETC.; salaries of assistants. A profess
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house for his office may deduct such
portion of the rent as is properly at
tributable to such office. If a profess
sional man who has his place of bust
ness elsewhere, incidentally receives
clients or patients at his home, no part
of the rent of such property is de-
ductible. Text books and office equip
ment are not deductible but depreci-
alton thereon is deductible"
@. Referring to unmarried and mar
ried individuals, who are required to
file returns?
A. "The following persons shall make
a return under oath for each taxable
year Cor fractional part thereof where
permitted or required by this ACT):
(a) Individual respect to their own
taxable net income if that exceeds an
amount on which a tax at the rates
herein provided would exceed the speci-
fled credit allowed, or if their gross
income exceeds $4,000
@. Where may I go to receive assist
ance in making out my income tax re-