The people's voice. [volume] (Helena, Mont.) 1939-1969, 1946-03-01
Facts About the Long Form

Facts About the Long Form
Q. Who uses the Form 1O4O as a
long form" tax return? A. Anyone
whose income was $4,000 or more
MUST use it; it MAY be used by any
one under $4,000 who wishes to claim
his personal deductions instead of ac-
cepting the approximate 10 per cent
allowance provided in the short form
of Withholding receipt. In other words,
if you believe you are entitled to more
deductions than is provided by the
allowance, you can itemize and claim
your actual deductions.
Q. Do persons whose income was
over $4,000 have to itemize deductions?
A. They have a choice between flat
allowance of $500 or itemizing their
actual deductions. Mote: The 10 per
cent allowance, which is incorporated
in the tax table, applies only to in
comes under $4,000
@. Is Form 1O40 filled out any diff
ferently when used as "long form"
than when used as a short form? A.
Pages 1 and are filled out the same
in either case. On a short form, Page
3 is disregarded and Page 4 is used,
while on a long form Page is used
and Page is disregarded.
Q. When husband and wife file sep
arate returns, can one take the stan
dard allowance while the other item
ICES deductions? A. Unless they are
permanently separated, if one itemiz-
es deductions, the other must do the
same.
Q. Suppose my list of deduction is
too long to write in the spaces on
Page of Form 1040. What should
do? A. List your deductions on a sep
arate sheet of paper, write their total
on Page 3, and attach your list Sc
curely to the form
Exemptions
Q. How much exemption can my
family and | get on our 1916 income
tax? A. For surtax crates ranging from
20 per cent to 81 per cent?, the ex-
emption is $500 for you, $500 for your
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normal tax (rate 8 per cent?, flat
$500 exemption is allowed regardless
of size of family, unless the return in
cludes income of $500 or more. thew
get a joint normal tax exemption of
$1,000; if one has less than $500 in
come, the joint exemption is $500 plus
the actual amount Of the smaller in
come
Q. How do I take credit for these
exemptions on my return? A. You list |
the exemptions as called for by the |
form If you file on a withholding re-
ceipt, the collector will determine your
tax from table which makes auto |
matte allowance for your exemptions. |
If you file Form 1910 as a short form.
you will determine your tax from the
save table. If you file Form 1040 as a
long form, you will find spaces on
Page to subtract your exemptions.
.. Can husband claim an exemp-
ton for his wife? A. Yes, if they make
a joint return, or if she had no in
come and was not the dependent of |,
another taxpayer cher father, for ex.
ample). If husband and wife file sep
arate returns, each must claim his
own exemptions on his own return.
and must not duplicate any exemp-
tions.
q. A husband and wife together are
entitled to $1,000 surtax exemption. Tn
filing separate returns, can they split
their exemption in unequal amounts
say $500 to one and 5000 to the other?
No. Each is entitled to his own
$500 exemption and cannot transfer
any part of it.
Exemptions for Dependents
q. Who can / claim as a "depen-
dent" on my income tax return? A
Anyone who meets ALL FOUR of Il
these conditions: /. He received over
half of his support from you; 2. He
did not have $500 income of his own:
:. He was citizen of the United l
States or resident of the United |
states, Canada or Mexico; A. He was
closely related to you.
O. Which relatives are considered
closely related" to me? A. Your chill
iren or grandchildren, parents or
sisters or brothers lin
clude in these relationships "step" or
half or legally adopted relatives). II
Also closely related" are uncles.
aunts, nieces, or nephews if related II
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