Show State Income Tax PREPARATION OF RETURNS Preparation and filing of the return required by the Utah Individual Income I tax act is 18 a comparatively simple matter for the average citizen whether he be bea bea bea a wage earner salaried employee professional professional professional pro pro- or business man or farmer One common cause for tor the annual headache headache headache head ache so 80 frequently complained of wilt be removed if the return is 18 prepared now instead Instead of waiting until March which is 18 the last day the return may be filed without Incurring penalty for de delinquency de de- Gain Oain derived from capital from labor or from both combined Including profit from sale eale of capital assets is 18 Income The term Includes salaries or wages gains or profits from professions trades or business interest rents and dividends divi dentts received I Items that need not be reported as part of the gross Income are listed in the instructions that accompany the Income tax blanks These Instructions should be read by the he taxpayer closely enough to enable him bun to take advantage of al all deductions and exemptions allowed allowed allowed allow allow- ed by law and to prepare his return cor cor- cor- cor Below Delow are named a few tew Items of Income and deductions on which taxpayers taxpayers tax tax- payers frequently ask for Information I Money received from teachers' teachers retirement retirement retirement retire retire- ment funds pensions and the like and andI from endowment Insurance policies are I Income only If It and to the extent that the total received exceeds the total paid Into the retirement or pension fund or orto orto orto to the Insurer Alimony received Is not Income neither may the tho person paying alimony I deduct It t from his income any more than he be may deduct gifts to Individuals Gains from gambling are a part of Income l losses from gambling may not be deducted In computing his hla legal net Income the taxpayer should deduct from his gross Income the ordinary and necessary sary eary business expenses incurred In connection con con- notion with earning his Income that Is such expenses must have been Incurred In connection with the business trade or profession of the taxpayer The law does not permit the deduction deduction deduc deduce tion of personal living or family ex ex ex- expenses Expenditures for tor travel to and from work or while seeking employment payments for tor board and room in one locality while the family lives elsewhere and costs costa of moving the family home are all personal or family expenses expense and are not deductible Neither are costs of repairs re repairs repairs re- re pairs on the taxpayers taxpayer's own 11 0 residence doctor bills bids club or lodge dues But dues to an organized labor union are deductible as an expense connected with the taxpayers taxpayer's trade Some taxes may be deducted as listed on the return blank Common practice for persons of small Incomes Is 18 to claim one per cent of the gross income as sales tax Deductions may not be made for tor gasoline or cigarette taxes taxes' nor for tor taxes on local benefits such as paving curb and gutter and sewer I Water bills bUIs are deductible when for forthe the operation and maintenance of water systems necessary for the farm tarm or busi bUll ness nes' Water bills for service at th the personal personal persons per per- sons residence of the taxpayer are not deductible being a family expense I From the net Income the taxpayer subtracts a personal credit or eXemption exemption exemption ex emption which Is In lieu of ot minimum personal I living or family expenses The remainder U is the net taxable Income which Is U the tha basis for computing the tax tac payable to the state The amount of the exemption each taxpayer may claim Is le explained In the instructions Any question the taxpayer may have on this or other topics connected with the filing of ot the 1942 1042 state individual Income tax r return turn will be answered without charge on inquiry of the state stat tax commission made at ltd its main or branch offices or through the malls mall |