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Page 6 · column 4 of 9 · from the scan, no model involved

The clipping this text was read from
The clipping this text was read from

Soc. Security Noie$

Some self-employed farmers believe that they do not have to file a federal Income tax return if they do not owe any income tax.. Mrs.Hazel F. Daly. Manager of the Winchester District Social Security Office, reminds farmers that this belief is Incorrect She emphasizes that if a farmer’s net profit amounts to $400 or more in a taxable year, the farmer must file a federal income tax return and pay the social security self-employment tax due on his net profit. Some farmers in this area are falling to take advantage of optional methods of filing their tax returns, which are provided by the Internal Revenue Code and Social Security Act. If a farmer's net profit from his farm is less than $400 for a taxable year and he has gross receipts from sale of

79.4%