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.Indian"" ... -- \ V1" » ft IR This column of questions and answers on federal tax matters is provided by the local office of the U.S. Internal Revenue Service and is published as a public service to taxpayers. The column answers questions most frequently asked by taxpayers. Q. What advice can the IRS give me about choosing a tax preparer to fill out my return ? A. The IRS offers the follow­ ing' advice to taxpayers seek­ ing assistance from commer­ cial income tax preparers; avojd the preparer who "guar­ antees" refunds, wants a per­ centage of the" refund, or sup­ posedly knows all the angles; avoid the preparer who advises the overstatement of deduc­ tions, the claiming of fictitious dependents or the omitting of income; do not allow your re^ fund check to be mailed to the preparer; never sign a blank return; and do not sign a tax return prepared in pencil be­ cause it can be changed later. Taxpayers should insist that the tax preparer sign the re­ turn he prepares and enter his tax identifying number and address in the spaces pro­ vided. Finally, be sure to keep a copy of your return. Q. Are there any changes in the social security tax for 1974 ? A. Yes. Although the tax rate remains 5.85 percent for both employers and employees, the maximum amount of wages subject to social security tax has been increased to $13,200 for wages paid in 1974. This means the most any one em­ ployer should withhold from your 1974 pay is $772.20 in social security tax--up from ^631.80 last year Q. I had two jobs last year, and more than the maximum amount of social security tax was withheld from my pay. Can I claim the excess? A. Yes. If you worked for two or more employers during 1973 and more than $631.80 in social security tax was withheld from your pay, you are entitled tu> : .claim the excess social security tax as a credit against your income tax. For details, see your tax form instructions. However, if you worked for only one employer during 1973 Deaths NORE DOMOTO Mrs. Nore Domoto, 56, of 311 N. River road, McHenry, died Thursday morning, Feb. 28, in McHenry hospital following a two-year illness. Mrs. Domoto was born in Oakland, Calif., and came to this community from Chicago twenty-four years ago. Survivors include her husband, Mo Domoto, whom she married in April of 1942. She also leaves three children, Bruce and Mary at home and Mark of the University of Illinois; her mother, Mrs. K. Adachi of Oakland, Calif.; two sisters, Mrs. Tak Nomiya of Chicago and Mrs. Harry Katayama of Berkeley, Calif.; and one brother, Min Adachi of Berkeley There will be no visitation. Private services and burial are planned. Arrangements were made by the Peter M. Justen & Son funeral home. psfri 23 jjgjn lafl B gMHE fai pm jl l :ffi, L_ • M O D E L F V 1 2 A P and more than the maximum amount of social security tax was withheld, you may not claim the excess as a tax credit. Your employer should adjust this over-collection with you. Q. I received a state income tax refund in 1973. Do I have to report this as income on my 1973 Federal income tax re­ turn ' A. If you did not deduct stit.f income taxes on you® 1972 Federal income tax return, you do not have to report this state income tax refund on your 1973 Federal return. If you did de­ duct state income taxes on your 1972 Federal return, you must include the state tax refund as income to the extent that y.u derived a tax benefit from tho prior ded. c-tion Of courso, a taxpayer who itemises and paid a balance due in 1973_on I) is 1372 stats income tax return should add this amount to his 1973 state income tax withheld to deter­ mine his deduction for Federal tax purposes. Q. Are political contributions tax deductible? A. Yes. If you itemize deduc­ tions, political contributions are deductible up to $50 ($100, il' you are married and filing a joint return). Instead of a de­ duction for political contribu­ tions, you may claim a credit against your income tax of up to $12.50 '$25, if married, fil­ ing join v.?; Q. I earned ?>H.» in interest, from a savings and loan association and $150 ir dividends from some stock. \>u ; have to pay tar: on tiu- nvi* y ? A. interest income is taxable in fuli. Thus, th«' $95 in inter­ est would navv to be reported. The first hundred dollars of dividends is no; taxed unless the corporation paying- the dividends indicates that they are not ordinar.- dividends. Thus in most caste* you would only have to report $50 of your divioeiKb Q What «re the rules for de­ ducting travel expenses: A. In order for travel expenses to be deductible, they nust be reasonable and ^evessary and incurred while away from home in pursuit ex h trade or business. Business travel ex­ penses are deductible, even if you do not itemi^a your deduc­ tions. Fur mora information, sec IRS Publication -ii>3, "Travel, En­ tertainment and Gift Ex­ penses." It's available free from your IP,w office. +KrtfLoin± FAMILY-PLANNED FOOD FREEZER MODEL FV12AP 11.6 cu. ft. capacity • 28" wide, 63tf' high • 405.3-pound storage cap­ acity • Large slide-out basket • Three refrigerated shel­ ves • Top cold plate • Magnetic door gasket • Four door shelves • Acrylic-enamel-on-steel cabinet liner Mfgrs. Suggested $235.95 <211°° Lee & Ray Electric 1005 N. FRONT STREET (South Rte. 31) 385-0882 McHenry, 111. Free Parking Payroll Savings. The cold, hard, calculating way to get a nice, warm feeling of security You can plan your future to the dime. Simply sign up for the Payroll Savings Plan. An amount you specify will be automati­ cally set aside each payday to buy U.S. Savings Bonds. With Bonds what you save is what vou get. Plus interest. Nothing's more secure and dependable. Ask your payroll people to get you started right away. You'll be richer later. And feel good. And warm. And secure. & Thke , ̂ . stock . in^merica. Join the Payroll Savings Plan. COUKR Department C the T»easuf» Aj.oM s nq Cot-nc MARENGO federal savings and loan association A $51,000,000 mutual am 300 Eact Oram Highway (ton* 615-S6S-72S6 station se« t̂g northern Illinois since 1925 Martngo, IHmois McHenry County's Oldest, Largest, Strongest Association where tio saver has ever lost a penny Todoj/s Health New/s Published by the American Medical Association PAGE 7 - PLAINDEALER - FRIDAY, MARCH 1,1974 DID YOU KNOW? DID YOU SAVE ANY MONEY TODAY? Let us help you. 5V4% and 5%% on PASSBOOK SAVINGS 6m, 63/4%, and 7m on CERTIFICATE ACCOUNTS Two laser physicists congratu­ lated each other enthusiastically over the results of an experiment they had just conducted. For the twelfth time, their subject -- a young, self-proclaimed psychic -- guessed the correct location of a hidden object. He had chosen the container filled with water from the ten enclosed cans before him. A feat that, the researchers hoped, would bring them one step closer in convincing the scientific com­ munity to seriously investigate the existence of psychic powers. Harold Puthoff, Ph.D., and Rus- sel Targ, M.S., of the Stanford Re­ search Institute, at Menlow Park, California, represent a small, but rapidly growing, minority in that community who believe that to­ day's psychic phenomena are, as one scientist says, "the manifes­ tation of tomorrow's physics." Their subject in advancing this hypothesis is a 25-year-old Israeli, Uri Geller, a man who is said to r possess the following mental pow­ ers: * Clairvoyance -- the ability to perceive the unseen. : * Psychokinesis -- the ability to influence the movement of physi­ cal objects by mental concentra­ tion; and <. * Telepathy -- the ability to transmit messages. Although many of us, the ex­ perts say, experience these para­ normal stimuli, Geller is known as a true "virtuoso" in the field. He claims to have transported himself, outside of his body, to a Rio de Janeiro beach; material­ ized a movie case in Israel from its location in New York City, six thousand miles away; and copied the contents of a sealed envelope locked inside-a safe. According to Geller, the source of power to perform these acts comes from outside of him -- "from somewhere in our galaxy or universe or cosmos." And any international acclaim he receives by the use of this "gift," he be­ lieves, is a part of the plan laid out by this force. "The whole structure of my life and how I came here is very strange; it cannot be coincidental. For instance, I left Israel when I was 11 and lived eight years on Cyprus, where I learned very good English -- I couldn't have coped without it here," he ex­ plained. As for most members of the scientific community; many more tests will have to be conducted before they are convinced Geller possesses phychic powers. How­ ever, to the enthusiastic research­ ers studying Geller's abilities, the current findings substantiate their belief that science is (Hi the thres­ hold of a new paradigm, a new scientific model -- just as it was centuries before with the dis­ covery of the law of gravity and the theory of relativity. When Cliff Watson was two- and-a-half years old, he fell back­ wards in a chair and bit into his tongue. The wound might have required only minor first aid for most children but, for Cliff, it prompted a nine-day stay in the hospital and 14 whole-blood trans­ fusions. Cliff is (me of 25,000 persons born with hemophilia, a hereditary defect in which the body fails to manufacture the sub­ stance that causes blood to clot. A minor nick or scratch could cause him to bleed to death. Although most hemophiliacs are males, it is the mother who carries and transmits the defec­ tive gene that causes the disease. In Cliff's case it was first dis­ covered at the local hospital where he received a penicillin in­ jection in the thigh. Within hours, the site began to puff up and dis­ color. Actually, such visible bleeding areas are less grave than hidden ones, internal hemorrhages, set off by a minor bump or tumble, may pour blood into muscle tis­ sue and bone joints, where it accumulates and subsequently destroys the tissues. By the time many hemophiliacs reach their teens, these bleeds have already caused widespread damage. Cliff, now 12, is an exception and has not suffered extensive damage. Thanks to "a new revolu­ tionary program conducted at Children's Hospital in Los An­ geles, California, he can ride a bike, attend summer camp, and play touch football with greatly reduced fear of a bleed. During the sixties, scientists discovered ways to separate the substance, missing in the blood of hemophiliacs, from other blood components, and they learned how to perserve the clotting com­ ponent; which they called Factor VIII, in concentrate form. • These developments revolution­ ized thinking about hemophilia treatment. Instead of massive, in- hospital blood transfusions, Cliff's parents can give him an injection of the Factor-VIII concentrate at home when he believes a bleed has started or if he wants to pro­ tect himself against some antici­ pated stress. Cliff is by no means cured by this procedure. His body still can­ not produce the missing com­ ponent in his blood, but the home-care routine has greatly re­ duced his need for extensive hos­ pitalization and physician visits. Unless something unusual occurs, Cliff only needs to see his doctor twice a year, and he hasn't been hospitalized for a bleed in two years. THE VMO^LD'S MOST IMPORTANT PISH POOO )S The HERRING H£RfZJN&GRCW TV &E ABOUT 1 FOOT LONG MILLIONS OP WERRlNG SWIM NEAR . THE SURFACE OF THE OCEAN IN HUGE SHOALS OF UP TO 20 SQUARE MILES / ^JPHAT \ 1 president 1 5£fiyEO A ONLV i 0*S,WAS THE jo cue ^ ANOTHfc IRST WW»G ABOUT IO BILLION HERRING ARE J CAUGHT YEARLY. BE o\ NORWEGIANS c,\£>£NT i \ CATCH THE MOST W *•" \ HERRING. LOTS -- ONE STOP travel service MfMM* '4m m ChainO Lakes TRAVEL SERVICE 3405 W. Elm St. McHenry, Illinois60050 Planning a Caribbean cruise? A trip to Europe* •• • (Mexico • •••Hawaii? You can compare them all under one roof at our office! 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