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

fire hall last Thursday night. The demonstration on “How to get the most of ydur food dollar” was given by the club president, Mrs, Hubert GilInclude

All Income

In Tax Return “Don’t forget to include that extra income when you prepare your 1964 Federal tax return,” A. M. Stoepler, District Director of Internal Rev-! enue Service, reminded taxpayers today. He pointed out that interest on savings accounts and U. S. Savings Bonds, tips, most dividends, and profits from hobbies and from sales of property are all taxable income. Taxpayers should read the form and instructions which list various items of income that must be reported. As a general rule, all income from all sources istaxr able, unless specifically ex^ cepted by law. 1 Taxpayers who fail to report all taxable income will have to pay any additional tax due as well as interest of 6%. They may also be subject to penalties. V Modern electronic equipment is now being installed by Internal Revenue to help ensure accurate reporting of taxable Income.

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