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Show 4 PAGE THE (mi m Sergeant William E. Bolduc, 5. Waxpayens is the dau ghter of Mr. and Mrs. R. M. Jensen, Bear River City, is on duty at Korat Royal Thai AFB, whose wife, Janet, Thailand. Sergeant Bolduc, an aircraft maintenance repair technician, is assigned to a unit of the Pacific Air Forces. Before his arrival in Thailand, he served at Laredo AFB, Texas. Q) This was the first year I earned any money. How do I get my tax forms? Must I go to the IRS for them? River Livestock Assoc. It is the time of year for an accounting of the Bear River Livestock Association. Will all stockmen who have used the stockyards please be sure the lees are paid. You may send them to Jay Holmgren, Garland. A) turn Carlson Paint & ail oua. ta innwi mnj Boyce (rlasss who filed a return the previous year. To avoid sending taxpayers more forms than they may need, the IRS may send a taxpayer one of three different tax packages. Most taxpayers will receive the basic package, which contains copies of the Form 1040 and the schedules used to itemize deductions and report income from dividends and in- terest III Taxpayers who had retirement income, capital gains, or income from certain other sources the previous year will receive a tax package containing the forms for these items, in addition to those in the basic package. Farmers and businessmen will receive a third type of package, which contains the forms in the first those two packages plus needed for their particular situation. Forms will be mailed late in December and taxpayers should have them by the first week in January. An Company you did not file a refor 1969, then you can taxpayer Over 70 years after man started to control it, the boll weevil still costs the United States cotton farmer $300 million in crop losses annually and $75 million in pest control. GtUtomete ! If pick up tax forms and instructions at any IRS office, bank, or post office. Tax forms are sent to every Weevil Still Costs o tlte Section Q) Are the tax rates on 1970 income any lower than last year's? A) Several It's that time of year - when we of friends old and new and extend our heartfelt wishes for their happiness! Northern Furniture k " Itt us abort S?tai, changes One of the most iniijortant keys to farm prosperity is foreign trade. Approximately one-fif- th of the production of all cropland in the United States has normally moved to foreign customers. The future would be bleak indeed for the farm and ranch famtlies of America if we were forced to shrink our production to the needs of lortt t Thanks for your Patronage during the past year. EXCEL GLEANERS BESTUJiSHES tr MAY VERY YOU HAVE inc. A HAPPY HOLIDAY Eddie Krey's & Service sr 23, 1970 '- ' .4 Thanks for your patronage over the year ) nature materially add to the value of the property or appreciably extend jts life, they must be capitalized. For example, if you repair the roof of your barn, the expense is deductible. If you replace the roof, the cost must be capitalized. lower taxes for millions of when file their they people Q) My daughter has taken a 1970 returns. part-tim- e for the holidays. First, the income tax sur- Is there ajob limit on how much charge is 2Mi percent for 1970 she can make without costing compared to 10 percent in me the exemption I claim for 196'J. Second, the amount that her? may be claimed for each exA ) If your daughter is unemption is $625 on 1970 returns, up from $000 a year der 19 at the end of the year stuor qualities as a full-tim- e ago. These two changes will re- dent, the amount of her earnduce taxes on millions of 1970 ings will not affect the exreturns. emption you claim for her. In addition, an estimated six The other dependency tests million taxpayers will not must continue to be met, howhave to tile a return, as they ever. had been required to do in G Mv rnmnanv is sendinir 1969. In this group are part-tim- e workers, students and me to Europe for a few months starting in January. others with low income. Single persons under 65 Does the IRS have any overyears of age will not have to seas offices where I can get file returns until their income tax help? reaches $1,700 ($2,30(1 if 65 At Yes, there are several or older). Returns previously offices of th IRS to had to be filed when income overseas S. taxpayers abroad. U. help reached $6011. Married persons from the samr household en- In addition, the IRS sends titled to file a joint return do teams of taxpayer service pernot have to file until their in- sonnel abroad each year to come leaches $2,300 under the visit major cities to provide new tax laws ($2,900 if one tax help. Check with your U. X. Emspouse is 65 or older, $3,500 if or Consulate office for bassy both are 65 or older). You can also obtain But anyone who has a re- details. fund coming because taxes tax forms from these offices if were withheld will have to you need them. Keep in niind that taxpayfile a return to obtain it. ers out of the country April 15 have an automatic extenQ) Is the cost of fixing up sion until June 15 to file their my barn deductible? returns. For additional inforA) Repair and maintenance mation, send a post card to to buildings and equipment your District Director and used in farming are deductask for a copy of Publication ible business expenses. How51, Tax Guide for U. S. Citiever, when expenses of this zens Abroad. C will i fim fiSure 000, as raised to less than we'd lose 56 of our fcrma, and at ,$10,000 lose 72 of them. I Rudy's IGA the domestic market. Unfortunately, there has been an alarming increase in protectionist sentiment, not only in our country, but throughout the world. Legislation now being considered by Congress would Impose quotas on the importation ofshoes, textiles and other items, If we 3hut out imports from other countries, we should onD"- - aoiivaooof 333 26,h-R&- ffetmas (fleer We prescribe Only the Best! Evans Drug on an export crop is a disguised export subsidy, even In February of this year, President Nixon issued an important foreign policy report in which he pledged that "American foreign policy will emphasize the freer flow of capital andgoodsbetweennations." Freer trade, he said, "provides greater economic benefits for each nation. It minimizes potential political frictions as well." After these brave words, it was a considerable "Let down" to find that the Nixon-Mil- ls trade bill, which provides for strict import quotas on several items, may trigger a new round of protectionism similar to the Smoot-Hawl- ey Tariff Act of the Twenties which shut out foreign imports and thus destroyed export markets for farm products. Our foreign customers must not be denied the opportunity to earn dollars to pay for our products or be provoked into retaliatory re- The Nixon farm bill also farm export MAY THE SEASON Bear River Farm Supply Garland Utah JxaxxA May the season bring both spiritual and material blessings to you U. S. sales because direct government payments to producers of feed grains, cotton and wheat put the U. S. in a poor position to bargain for greater access to foreign markets. In effect a government payment M1 $6QL (fUCKct. mi strictions. jeopardizes 7 o iUe Sea&OH, to FrrairaEx all Lyle's Grocery fcewDefr hwii o uwi w 51 ICS iu dli: It has been a pleasure serving you during this past yearf 1 GLOW WITH GOOD CHEER FOR ALL! From the employees Bovcutt Floral "May your year be filled with roses" R Hardware program though the payments supposedly are confined to the domestic portion of the crop. Foreign competitors recognize this as a form of export dumping. We can point an accusing finger at the restrictions of the variable duties used by the European Economic Community to expect retaliatory action from practically close the door on our exports of wheat, feed grthem to keep our farm products out of their markets. ain, broilers and beef and other It Is easy to assume that a products, but we cannot bargain textile import quota would be- hard for their reduction when nefit cotton producers, but the we subsidize agricultural proprincipal result would be to duction at home. protect synthetic fiber pro(Excerpts from Charles ducers from foriegn competiShuman's address at the AFBF Convention.) tion. Export markets for cotton undoubtedly would be reduced. we'd "K We will be closed Farm Bureau President Speaks On Foreign Trade ami. all up fctflffitl:.. Cfjrist tfje Ask TRS If all farms with a value of production of less than $2,500 were eliminated, we'd have 42 fewer farms. If that This column of questions and answers on federal tax matters is provided by the local office of the U.S. Internal Revenue Service and is published as a public service to taxpayers. The column answers questions most frequently asked by taxpayers. Dues Are Due For Bear GREETINGS TO YOU FROM DECEMBER WEDNESDAY, TIMES, TREMONTON. UTAH ND An Interesting Farm Fact Sgt. Bolduc In Asia U. S.' Air Force Technical LEADER-GARLA- Inc. |