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Show FARRIERS INCOIME TAX RETURN EXPLAINED IN PART In the eyes of the Utah individual indivi-dual income tax law, net income must be computed before deduction deduc-tion is made for personal, living or family expenses. All residents are in the same class in this respect, whether they be wage earners, salaried sal-aried employees, farmers in fact, no matter what their occupation, or from what source their income lis derived. For some farmers the preparation prepara-tion of his 1942 income tax return for filing with the state tax commission com-mission may be somewhat complicated compli-cated for two reasons: First, the farm provides the family directly with many living necessities, such as vegetables, fruits, eggs, dairy products and, to some extent, meat, while occasionally other items of family expense are obtained through barter; and second, the farmer, too often for his own good, abhors bookkeeping and maintains inadequate or inconvenient records. Two regulations make the farm taxpayer's tax much easier than it would be otherwise. They read: "The value of farm produce j which is consumed by the farmer and his family heed not be reported report-ed as income, but expenses incurred incur-red in raising produce thus consumed con-sumed must not be claimed as deductions," de-ductions," and "The value of pro-! pro-! ducts furnished by the farm and not used in the board of hired labor la-bor is not a deductible expense." When it comes to actual sale of farm produce, whether for cash or for payment in other goods of value, the income is to be reported, report-ed, since it involves a business transaction rather than a living ger automobile maintained on the farm only such part of depreciation deprecia-tion and of cost of gasoline, oil, and other repairs may be deducted, as the use on farm business bears to the entire use. "Do not include," as a deductible farm business expenditure, "any amounts paid to your wife or minor children for the value of their services or for your own services. ser-vices. Do not include interest to yourself on capital invested in the farm. "Amounts paid to persons en- gaged in household work should : not be included except to the ex- j tent that the services of such em- ! ployees are used in boarding or i otherwise caring for farm laborers." expense. "The market value of groceries, merchandise and the like, received in exchange for butter, eggs, and other farm products, must be reported re-ported as income." When a piece of equipment is used partly for the farm business and partly for family purposes as is often the case with the passen- |