anaheim-gazette 1921-12-22

CLAIMS FOR REFUND IN FEDERAL TAXES New Ruling at Washington of Interest to People Paying Money to the Government A treasury decision has been issued at Washington, which provides for the prompt adjustment of claims for refund and abatement of federal taxes. Heretofore when an over-assessment or overpayment was disclosed by the audit of an income tax return, the taxpayer was invited to file a claim for the abatement of the over assessment or the refund of the overpayment. When received in the commissioner's office the claim was registered and filed away until reached in due course for consideration. Because of the large number of such claims filed, delay in adjustment necessarily resulted. After December 15, taxpayers will not be advised of their privilege of filing a claim for the refund of taxes which have been paid in excess of amounts legally due, but instead will receive a certificate of overassessment and a check in correction of the error, or if an assessment is outstanding against the taxpayer for income or excess profits taxes, the overpayment will be applied as a credit against the assessment and any balance immediately refunded. This will be a distinct financial advantage to both the taxpayer and the government. It will do away with the necessity for the taxpayer filing a claim for refund and will greatly reduce the amount of work to be done by the bureau in the adjustment of claims. Taxpayers may continue to file claims for abatement and refund, but it is expected that the number of such claims filed each month will be greatly reduced. Efforts are being made by the bureau to adjust within six months their inventories for 1920. Thereafter, the regulations provide changes can be made only after permission is obtained from the commissioner of internal revenue. "In the case of a merchant "cost" means the invoice price less trade or other discounts, excepting strictly cash discounts approximating a fair rate of interest, which may be deducted or not at the option of the taxpayer, providing a consistent course is followed. To the net invoice price should be added the cost of transportation and other necessary charges incurred in acquiring possession of the goods. "In the case of a manufacturer 'cost' means the cost of raw materials and supplies, expenditures for labor and indirect costs incident to production, including a reasonable proportion of management expenses, but not including any cost of selling or securing return on capital: "Market means the current bid price prevailing at the date of the inventory for the particular mechanism. The burden of proof as to the correctness of the price rests upon the taxpayer in each case. Where no open market quotations are available, the taxpayer must use such evidence of a fair market price at the dates nearest the inventory as may be available, such as specific transactions or compensation paid for cancellation of contracts or purchase commitments. Where, because of abnormal conditions the taxpayer has regularly sold merchandise at prices lower than the market bid price, the inventory may be valued at such prices. The correctness of such prices will be determined by reference to the actual sales of the taxpayer for a reasonable period before and after the date of inventory. Prices which vary materially from the actual prices so ascertained will not be accepted as reflecting the market." The value of each item in the their inventories for 1920. Thereafter, the regulations provide changes can be made only after permission is obtained from the commissioner of internal revenue. "In the case of a merchant "cost" means the invoice price less trade or other discounts, excepting strictly cash discounts approximating a fair rate of interest, which may be deducted or not at the option of the taxpayer, providing a consistent course is followed. To the net invoice price should be added the cost of transportation and other necessary charges incurred in acquiring possession of the goods. "In the case of a manufacturer 'cost' means the cost of raw materials and supplies, expenditures for labor and indirect costs incident to production, including a reasonable proportion of management expenses, but not including any cost of selling or securing return on capital: "Market means the current bid price prevailing at the date of the inventory for the particular mechanism. The burden of proof as to the correctness of the price rests upon the taxpayer in each case. Where no open market quotations are available, the taxpayer must use such evidence of a fair market price at the dates nearest the inventory as may be available, such as specific transactions or compensation paid for cancellation of contracts or purchase commitments. Where, because of abnormal conditions the taxpayer has regularly sold merchandise at prices lower than the market bid price, the inventory may be valued at such prices. The correctness of such prices will be determined by reference to the actual sales of the taxpayer for a reasonable period before and after the date of inventory. Prices which vary materially from the actual prices so ascertained will not be accepted as reflecting the market." Taxpayers may continue to file claims for abatement and refund, but it is expected that the number of such claims filed each month will be greatly reduced. Efforts are being made by the bureau to adjust within six months all claims now pending and thereafter to keep the work current. The revenue act of 1921 provides that under certain conditions interest shall be paid upon claims from the date of the payment of the tax to the date of the allowance of the claim. The new procedure should greatly reduce the amount of interest which the government must of necessity pay upon claims for refund. SUPERVISORS' PROCEEDINGS Map of tract No. 203 was accepted as official plotting of said tract. Map of tract No. 213 was received and submitted to the city engineer of Orangethorpe. Ordinance No. 191 granting the Miley-Keck Oil company a franchise was adopted. Bonds of the Cypress school district were ordered to be sold. Clerk was directed to publish notice of sale in the Orange County Plain Dealer. Bids to be received up to January 3, 1922, at 11 a.m. County auditor and county recorder were ordered to cancel certificates of sale No. 57, of year 1920, said sale being erroneous. Specifications, plans and profiles, as presented by the superintendent of highways, with his recommendations for the construction of galvanized iron warehouse at the county yard were adopted by the board. Notice for bids for doing the said work to be given by publication in Santa Ana Daily Evening Register. Bids to be received up to 11 a.m. January 10, 1922. Mrs. Nora Allen was appointed superintendent of detention home at a salary of $125 per month. Petition of Nathan Philbrook et al to declare alleys in block "C" and block "D" of the Park tract of Laguna Beach, was granted. Resolution of condolence was passed and sent to the family of J. W. Duckworth, deceased. THE CALIFORNIA WAY California growers who are affiliated with the successful co-operative producers' associations of the Golden state have every reason to be pleased with that portion of President Harding's message in which the chief executive emphasizes the importance of organized distribution and marketing of farm products. The statement is a distinct tribute to the achievements of California in this respect and reveals anew the intelligent grasp the president has on the economic affairs of the nation. President Harding feels, according This "dope" has stance in view of the hundreds of motoring parking to visit the Big I nation during the holiday club is now prepared information of route connection. All routes into Bear creek have been found condition by the club c main so until rains will be necessary to stop parties over the Vic route. The Hesperia passable until the railway the Mojave river crosses. Storm drains or ditches cut across the road on average distance of even slow driving is necessary. WORD FROM STATEMENTS THAT MAY BE TESTIMONY OF ANAHEIM When an Anaheim clergy front, telling his friends of his experience, says his sincerity. The state ple residing in far away command your confidence dorsement is the kind Doan's Kidney Pills. S is convincing. Investigate true. Below is a statement heim resident. No stranger merit can be had. M. F. Schettles, cemeteries 200 S. Palm St., says: were out of order and I lumbago and soreness a part of my back. This made me keep at my work. Me ed irregularly and I re Kidney Pills and got th Pharmacy. They were strengthening my back When I have any return I depend on Doan's Kid relief and they never fail. Price 60c, at all dealers ask for a kidney Doan's Kidney Pills—Mr. Schettles had. Fost Mfrs., Buffalo, N.Y. NO DIFFICULTY IN TAKING INVENTORIES Collector John P. Carter Explains the New Revenue Act. Collector of internal revenue, John P. Carter, has issued the following statement relative to the new revenue act: "Merchants, manufacturers and business men generally need experience no difficulty in taking their inventories for the year 1921 to conform with the new revenue act. The language of the revenue act of 1921 and the revenue act of 1921, (Sec. 203), relating to inventories are identical: "'That whenever in the opinion of the commissioner the use of inventories is necessary in order clearly to determine the income of any taxpayer, inventories shall be taken by such taxpayer upon such basis as the commissioner, with the approval of the secretary, may prescribe as conforming as nearly as may be to the best accounting practice in the trade or business and as most clearly reflecting the income.' 'Present treasury regulations provide that inventories must be valued at either cost or cost per market whichever is lower. Taxpayers were permitted, regardless of their past practice, to adopt the cost or market basis, whichever is lower in taking to those who have discussed the agricultural problem with him, that the efforts being made to help the farmers along the lines of protective tariffs and financing moves, while most important and fully justified by conditions, are of secondary value by comparison with the possibilities of co-operative activity of the kind proven out in California. Money aid, he believes, can get at best but an emergency relief and tariffs, he holds, are primarily designed to correct temporary inequalities in production and distribution costs, whereas co-operative effort reaches right down to the root of the trouble. It is most interesting to know in this connection that the president held conferences with Californians prominently identified with the co-operative movement in California before he drafted his message. He feels, it is stated by those in a position to know, that co-operative effort as developed in this state provides a model for the successful practice of the principle everywhere. ROAD CONDITIONS Important information for motorists in regard to road conditions throughout the resort region of the San Bernardino mountains has been secured during the past two weeks by the touring bureau of the Automobile Club of Southern California. This "dope" has state-wide significance in view of the fact that hundreds of motoring parties are planning to visit the Big Bear valley section during the holidays, and the auto club is now prepared to give definite information of route conditions in that section. All routes into Bear valley and vicinity have been found in excellent condition by the club crew and will remain so until rains occur, when it avoid breaking springs. The Mill Creek route is in excellent shape at present, and while there are no guards at the controls, the hours listed at the entrances must be observed as usual. Accommodations may be secured at camps in the valley all winter. Ducks are reported plentiful on both Baldwinand Big Bear lakes. There is considerable snow on the shady side of the mountains and under the heavy timber now. Motorists are advised by the auto club to drain the water from their radiators at night while in the valley in order to avoid freezing. J.G.Osher,D.D.S.,M.D PHYSICIAN AND SURGEON EYE, EAR, NOSE AND THROAT—ORAL SURGERY—GLASSES FITTED SUITE 1 CENTRAL BLDG. PHONE SUNSET 337 Dr.W.W.Adams Pure Osteopathy Office: No. 220 N. Olive St. Telephone 731-W. DR. CHAS. S. O'TOOLE, PHYSICIAN AND SURGEOM Rooms 206-207 First National Bank Building Anaheim, California M.Eugene Durfee ARCHITECT Room 5, Cassou Bldg. Phone 692 Anaheim Dr.G.W.Closson Veterinarian Sepecial Attention Pald Dogs and Cows Phone 288-J—128 W. Adele St. Anaheim Hours: 10 to 12; 2 to 5 Pacific Phones: Office 569; Res. 546 OFFICE PHONES HOME 753-1 SUNSET 341-J. Residence, 887 S. Los Angeles St. RESIDENCE PHONES PACIFIC 341-M HOME 753-2 J.W.TRUXAW.M.D. PHYSICIAN AND SURGEON HOURS 11-12; 2-4; 7-8 GOLDEN STATE BANK BLDG. Cor. Center and Los Angeles Sta. ANAHEIM, CAL. BUILD THAT Sleeping Porch Now Don't wait until arrival of sultry summer nights to prepare for BUILD THAT Sleeping Porch Now Don't wait until arrival of sultry summer nights to prepare for restful, comfortable sleeping quarters. Just put your own money value on a good night's rest and then multiply that by the number of summer days. That estimate will convince you that money invested in a sleeping porch will pay handsome returns. We will take a photograph of your home and design a sleeping porch that will harmonize with the design of your house. We can show you how it will look when finished and just what the cost will be. Just call for our Sleeping Porch Specialist. He will likely be busy with this work, so get your plans started now. GIBBS LUMBER FULLERTON ANAHEIM PLACENTIA BAKE-RITE We Have It--- Everything in Pastries A Branch Store opens at Placentia on or about the 25th in McDowel's Confectionery Store H. P. NOLL Lessee and Manager Valencia Hotel Bldg. Phone 126 Anaheim, Cal. ENNEY RTERIA est enter N $1.95 A-1 Mash $2.60 Sure Lay 2.80 Bran 1.25 Velvet Flour 2.55 drifted Snow, 49-lb, $2.10. complete line of the Poultry Feed and is right. for all Ranch Eggs complete line of ency Groceries Our Saturday Specials the 25th in McDowel's Confectionery Store H. P. NOLL Lessee and Manager Valencia Hotel Bldg. Phone 126 Anaheim, Cal. SOME EXCEPTIONAL USED CAR VALUES These cars have been overhauled, repainted or repaired in whatever way necessary to put them in first-class shape. At their present price they represent extraordinary values. DODGE TOURING DODGE ROADSTER FORD TOURING FORD SPEEDSTER It will pay you to look these cars over as they are all good buys. Chas. H. Mann 210 S. Los Angeles St. Anaheim, Cal. TOOLE, SURGEON National Bank California Durfee CT u Bldg. Anaheim Closson an tion Pald Cows W. Adele St. 2; 2 to 5 569; Res. 546 ONES SUNSET 341-J. Angeles St. HONES HOME 753-2 W. M. D. SURGEON 2-4; 7-8 ANK BLDG. Angeles Sta. Now prepare for: PAGE THREE WASHINGTON and Jefferson VERSUS UNIVERSITY OF CALIFORNIA ANNUAL “East and West” Football ANNUAL "East and West" Football GAME NEWYEAR'S DAY Mon., Jan. 2, 1922 AT PASADENA SEAT SALE OPENS Tues. Morning, Dec. 20 BOX OFFICES Pasadena Chamber of Commerce East Building Hotel Green PASADENA B. H. Dyas Company Seventh and Olive Streets, Los Angeles No mail or telephone orders will be BOX OFFICES Pasadena Chamber of Commerce East Building Hotel Green PASADENA B. H. Dyas Company Seventh and Olive Streets, Los Angeles No mail or telephone orders will be taken at Dyas Company SEAT PRICES: $2.50 Plus War Tax $5.00 Plus War Tax ALL SEATS RESERVED Mail orders filled in order of receipt and must be accompanied by cash, money order or check. A limit of ten tickets to the individual buyer, except to bona fide secretaries of Chambers of Commerce, who are securing seats for individuals in a community, has been fixed.