the home news
pgbg.b"! F"d" •* MeCrory- Ark
WALTER W. RANEY, Ed. an\i Pub.
Subscription $1.00 per Year in Advance.
Phone: 40
Fntered as second-class mat
nr August 26, 1915, at the post
:Le at MeCrory, Ark., under
Z Act of March 3, 1879.
announcements
The Home News is author
ized to announce the following
o-entlemen as candidate^ for
the office under which their
names appear, subject to the
action of the Democratic party
For Congress:
E. E. ALEXANDER
W. J. DRIVER
FRIDAY, MARCH 12, 1920
_£ -"" ^
CONNER-ELDRIDGE
These days seem to be filled
with surprises, on last Friday
afternoon, Miss Ruth Conner
and J. Rolfe Eldridge, added
I another \o the list by going
I to the Methodist parsonage,
where they were . made one,
by their pastor Rev. T: I.
Beck, in the presence of the
relatives of the bride.
When the news spread
abroad, a large company of
their friends followed them
to the station where they
showered them with rice and
good wishes. The groom’s
family arrived from Little
Rock in time to %in in the in
formal reception.
The bride was becomingly
attired in a chic spring model
with hat and accessories in
harmony. She is a member
of one of the oldest families
jn Augusta, has been teaching
in the public schools if- the |
state the last few years, and
numbers her friends by her
acquaintances.
The groom is highly re
spected and well connected.
Following a short trip ^to
tattle Rock and Hot Springs,
lvJr- and Mrs. Eldridge will be
at home at Gregory, Arkansas.
—Free Press, Augusta, Ark.
—Toin Community_ Club—
High Prices May Cause Illness
At this season of the yea
j'hen fresh vegetables are s
^gh many persons suffer froi
deranged digestion. If yo
ieel dull and sluggish or if yo
suspect indigestion or const
Pation you will feel better tc
morrow if you take a Foie
atharttic Tablet tonigh
]- le? Danish biliousness an
leadache. For sale at th
hecl Cross Drug Store. Ad)
—-Join Community Club—
u. S. INCOME TAX
EXEMPTS NOBODY
Every Person Who Had Income
in 1919 Must Determine
Own Liability.
MARCH 15 LAST FILING DATE.
Surest Way Is to Follow Form 1040A.
Free Advice in Doubtful Cases.
Severe Penalties in
Law.
Nobody Is exempt from Income Tax.
An obligation is laid directly on the
shoulders of each citizen and resident
to consider his own case and to get hig
return in on time if one is due.
With each return showing a tax due
a payment must accompany the return
in the full amount of the tax or at
least one-quarter of the tax.
All returns for 1919 must be filed on
or before March 15.
Must Show True Figures.
In figuring up his earnings for in
come tax purposes a person must take
into consideration all items of taxable
income, and each item itself must be
accurate in amount. Guesses and es
timates must be avoided, for the -re
turn is made under oath.
Everybody who hacf an income dur
ing 1919 must now determine whether
his or her net income was sufficient in
amount to require an Income Tax re
turn. The best way to find out is to
get a Form 1040A and follow the in
structions printed' on it. That form
will serve as a reminder of every item
of income; and if a return is due, it
tells how to prepare and file it.
One of the important points to keep
in mind is thrit a person’s net income
is found by a computation prescribed
in the law* and that each item of in
come from every source must be con
sidered, unless specifically exempted.
Another thing to remember is that
thi personal exemption allowed tax
payers by law has no relation whatever
to the requirement to file return. This
exemption is not to be considered until
a person has figured out his net in
come and determined whether it was
sufficient to require him to file a re
turn. Then, if a return must be filed,
he sjhould read carefully the instruc
tions for claiming exemption, and com
plete his return.
If in doubt on any point as to income
.or deductions, a person may secure
free advice and aid fro I# *he nearest
Internal Revenue office. Many banks
and trust companies are also furnish
ing similar service during banking
hours.
ncctvy rciiftiuco m
For failing to make a return on time
the penalty is a fine of not more than
$1,000 and an addition of 2.1 per cent
to the tax. if any. For making a false
or fraudulent return the penalty is a
fine/of not more than $10,000 or im-'
prjtsonment not exceeding one year, or
.both ; and, in addition, 50 per cent of
the tax. There are other penalties for
failing to pay tax when due and for
understatement of the tax through
negligence.
Many Sources of Income.
Aside from what one may earn by
his services, there are many other
sources of income. If he sold any
property during 1019 he must figure
out the gain realized. If he rented
buildings, land, apartments or rooms
such .rents must be considered taxa
able, and he may claim deductions for
necessary expenses incidental to rents.
Bank interest is a common smiree
of income and is taxable whether with
drawn or not. Any amount of interest
credited to a depositor is income to
the depositor.,
Interest on mortgages and notes Is
taxable; also bond interest received
from corporations
K taxpayer who cashed his insur
ance during 1919 must report as in
come any excess received over the to
tal of premiums paid.
Members of partnerships or personal
service corporations or beneficiaries of
an estate or trust must report their
shares of income distributable to them
whether or not actually withdrawn.
Dividends of domestic corporations
must be reported. Many other forms
of income are taxable, unless specific
ally exempted.
—Join Community Club—
Restful Results for Her.
Only a person who has ex
perienced that awful “all
night” cough that sometimes
follows influenza can ap
preciate what a good night’s
sleep can be. Mrs. Annie
Davison, »2080 Myrtle St.,
Long Beach, Cal., had such
a cough. She writes: “The
result of using Foley’s Honey
and Tar was a restful one for
me.” For sale at the Red
Cross Drug Store. Adv.
—Join Community Club—
For flowers for any occa
sion see Walter W. Raney,
Undertaker and Licensed Em
balmer. He is the authorized
agent for all leading florists in
Little Rock and Memphis, and
can save you telephone ex
penses in ordering.
—Join Community Club—
G. W. BARBER
NOTARY PUBLIC
INSURANCE
—Join Community Club—
INCOME TAX
DUE MARCH 15
Penalties for Delay and Failure
to Make Returns—Early
Compliance Urged.
All income tax returns covering the
year 1919 must be filed by Monday,
March 15. Each taxable return must
be accompanied by check or money or
der for the full amount or at least one
quarter of the amount of tax due.
C&sh payments are accepted only at
the collector's main office; if sent by
mail, thev are at the sender’s risk.
* Residents c.f Arkansas should file
their returns with, and make payment^
of Income Tax to, .Tack Walker, Col
lector of Internal Revenue, Little
Rock, Ark.
Those who must file returns but
have not done so are warned that the
revenue law imposes heavy penalties
for failure to get returns in on time or
to make payments on time.
Early filing and early payments are
urged, fn order to relieve the internal
revenue offices as much as possible of
an overload on the final day, March 15.
—Join Community Club—
Cut This Out Its Worth Money
Cut out this slip, enclose
with 5c to Foley & Co., 2835
Sheffield Ave., Chicago,' 111.,
writing your name and ad
dress clearly. You will re
ceive in return a trial package
containing Foley’s Honey and
Tar Compound, for coughs,
colds and croup, Foley Kid
ney Pills and Cathartic Tab
lets. Sold by Red Cross
Drug Store. Adv.
—Join Community Club—
Pay up your subscription to
the News. $1.00 a year in ad
vance.
—Join Community Club—
'———31*
i
THE UNIVERSAL CAR
“ INSIST ON GENUINE FORD PARTS
Imitation “Ford” parts are being sold by
many mail-order houses, down-town stores and
garages to unsuspecting Ford owners as
“Ford” parts. But they are not Genuine
Ford parts. They are made by concerns have
no connection whatsoever with the Ford Motor
Company. Tests have shown them to break
when the genuine Ford parts didn’t even bend.
The Authorized Ford Dealers are your pro
tection. As such, we handle nothing but the
Genuine Ford parts. They are made from the
famous Ford Vanadium Steel, and each part—
according to its use—is heat-treated in the
way that will give it the longest wearing
qualities.
Our Ford garage and Ford mechanics are
at your service at all times. Drive in when
replacements or repairs for your Ford car may
be necessary. Save your car and also your
money.
RIGGS BROTHERS, McCrory, Ark.
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