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of the 1971 Tax Act.
Custalow also will discuss soil and water conservation expenses and the optional ways in which these can be handled. Information regarding the sale of timber also will be included in the topic. Taxpayer options in these areas will be the focus of Custalow’s talk.
Everett Calfee, IRS agent in Roanoke, will speak on gross income as well as net operating loss carryback and non-business deductions.
John F. Griffin, IRS agent in Norfolk, will discuss capital gains and losses on the sale or disposition of assets. This area is of major concern to Virginia residents since schedules for this return are undergoing change this year, Burkhart noted.
95.2%