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Some Farmers Don’t Understand
Social S ecurity
Some farmers who are drawing social securi y benefits have misunderstood the requirements for reporting farm income for 1956, according tc
Robert Parsons, AssistantjMan
tger of the Alexandria social securi y office.
Parsons s iid; that when farmers filed their claims for social security benefits they were required to show what their gross farm income for 1956 was up to that time, and that sich income had to amount to $800 or more. Many, of these far tiers are under the impression thi t since they turned in thf amount of income received before their sxria] security claim was filed, they will report for tax purposes only that income received after that « ate. ,
Parsons explained that this misunderstanding of the law is incorrect and l hat the total farm income for me entire year-including the income before as well as after filing the clpim for social security benefits-m jst be shown in the annual tax ’etum that will be due in January
1957.
57.1%