Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
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| S/cA Pay Forms? jj
1 Tfeia aeries on “Your Tax Dollar” is appearing at j a public service. It ia furnished by the Richmond * district office of the Internal Revenue Service. In< ijniries should be addressed to the Internal Revenue Service. Public Information Officer, P. O. Boo lOOtB, Richmond, Fo. tStfO.
I QUESTION: Where can I get the form I need to rel port sick pay which I want to exclude from my taxable jj Income?
) ANSWER: Form 2440, "Statement to Support Exclusion of Sick Pay," Is available at any IRS office. You ~ also may find the tax forms you need In many banks 4 and post offices. 1 QUESTION: To claim a person as a dependent, does ; he have to be a U.S. citizen? J ANSWER: To qualify as a dependent, the person must cither be a U. S. citizen or a resident of the U. S., Canada, Mexico, Panama Canal Zone or Republic of
] Panama. Of course^thq support requirements must 3 also be met. j QUESTION: How much can a child earn and still be j claimed as a dependent? ! ANSWER: If your child Is under 19 or is a full-time student, you may claim him as a dependent as long as you provide more than half of his total support for the year regardless of the amount of Income he may have. Otherwise, he may not be claimed as a dependent if he has gross income of $600 or more. QUESTION: I have a disability pension from Social Security. Is this taxable for me ? ANSWER: No. Social Security benefits are not tax- | able. i QUESTION: When my widowed father retired he went j back to Ireland to live. He has only a small $500 pen- ■ sion and I supply his chief support. Can I claim him as j a dependent even though he in not In this country? 1 ANSWER: If he Is a U. S. citizen, then the fact that 5 he lives in Ireland would not disqualify his as a } dependent. One of the requirements for a ctependent ! is that he be either a U. S. citizen, or a resident of » | the U. S., Canada, Mexico, the Panama Canal Zone or the Republic of Panama for some part of the tax
| year.
f QUESTION: I didn't get a blank income tax return j
I in the mail. Where can I get the necessary forms? f [ ANSWER: You can get them at any IRS office and at s • most post offices and banks. i
| QUESTION: What can I do with child support pay- J | ments I am required to make. Are they deductible ? < ANSWER: Child support payments are not deductible ’ t to you nor are they taxable to your former wife. ‘ • However, if you rather than your former wife pro1 vide more than one half of the child’s support. I then you may claim the $600 dependency on your j return. ; J QUESTION: Tips are one of my sources of Income. \ I What is the best way to keep track of them? I work as | 3 a waitress. j j ANSWER: A daily diary is one of the best records you f ■ could keep. Every day enter) in it the amount of tips ( you receive that day. Don’t forget that starting j this year income and Social Security tax will be ‘ withheld from your wages on your tip income. You j are required to report to your employer what you = receive in tips if it amounts to $20 or more a month ; and was earned while working for one employer. The ■ withholding requirement would not apply if your ■ tips amounted to $30 a month but were split be- 5 tween jobs with two mployers, so that you received ; less than $20 from each place you worked that ’ month. However, the $30 in tips is taxable income and must be included in your tax return. T
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