The Howe Enterprise (Howe, Tex.), Vol. 15, No. 34, Ed. 1 Thursday, February 21, 1980 Page: 3 of 6
This newspaper is part of the collection entitled: Howe Area Newspaper Collection and was provided to The Portal to Texas History by the UNT Libraries.
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HOWE ENTERPRISE February 21. 1980 Page Three
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Howe: About Us
The 5th grade Camp Fire
girls traveled to Sherman
and bought their materials
for making a project to enter
in the Arts & Crafts Show to
be held in April by Camp
Fire.
These projects will be made
by the girls for entry into
higher Camp Fire competi-
tion and also the State Fair
of Texas 1980.
Recently the group made a
Valentine’s gift for their
mothers and decorated eggs.
Howe schools will dismiss
early Friday, Feb. 22, due to
quarter tests. Classes will be
dismissed at 2:00 p.m. and
buses will run at that time.
Hazel Haggard of Bonham
visited her mother, Mrs.
Pearl Rowland, on Friday
and took her back to Bon-
ham for the weekend.
Tammie Clinton and Diane
Engel were tops in cookie
sales for Brownie Troop #118
of Howe. Tammie sold 116
boxes and Diane sold 114.
All the girls in the troop did
very well. The troop of six
girls sold 31 cases for a total
of 372 boxes of cookies.
Tammie and Diana will
each receive a campership
for day camp this summer
for selling over 100 boxes.
A rhinoceros may charge an enemy at 25 to 35 m.p.h.
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"Let’s roll. That’s the guy wanted for bigamy."
For Special Situations
There is Special Tax Help
School
Lunch
Menus
Feb. 25-29
MONDAY
Salisbury Steak
Mashed Potatoes
Green Beans
Peaches
Rolls, Butter
Milk
Snack
Steak Sandwich
TUESDAY
Chicken Pot Pie
Cole Slaw
Fruit Salad
Rolls, Butter
Milk
Snack
Chicken Salad
WEDNESDAY
Chili Dogs
French Fries
Green Salad
Jello
Milk
Snack
Chili Dog
THURSDAY
Pork Chops
Blackeyed Peas
Mixed Greens
Applesauce
Cornbread
Milk
Snack
Tuna Sandwich
FRIDAY
Hamburgers
Lettuce, Tomatoes
Pickles, Onions
French Fries
Ice Cream
Milk
Snack
Hamburgers
I
KISSES FOR SALE - 5c each -- Sean Engle and Laurie
Stewart, class favorites, were among the middle school
students who were celebrating Valentine’s Day in a
special way to help raise funds for the student council.
Kisses was chocolate and wrapped in silver paper.
Birthdays
&
Anniversaries
Birthdays:
Fob. 21 - Pam Davis
Feb. 22 - Will Dickinson,
Jeff Chapin, & Molly Blake
Feb. 23 - Robert Welch,
Lewis Saltzman & Wrenda
Francis
Feb. 24 - Sarah Carver,
Susie Mailloux, & Loni
Smith
Feb. 25 - Bryan Lankford &
Francis Driscoll
Feb. 26 - Freddie Troxtell
Feb. 27 - Janet Hendrik
and Julie Bailey
Anniversaries:
Feb. 21 - Doug & Jean
Crawford
Feb. 24 - Mark & Brenda
Hemperley
Spanish Class Gives Ptay
With some updating on
action, events and even a
few extra characters, the
Spanish II class performed
“Caperucita Roja,” the
Spanish version of “Little
Red Riding Hood.” The play
was performed for the
meeting of the Howe PTA on
Tuesday, Feb. 12.
Playing the main part of
Caperucita Roja was Salina
Hash whose character was
often plagued by a jealous,
wise-cracking little sister
(Hermanita) played by
Donna Peacock. The only
element keeping these two
typical sisters apart was the
Mama portrayed by Pam
Troxtell. Worried about her
independent daughter, she
tries to warn Caperucita of
the dangers ahead.
Those dangers came int he
form of the wolf (el lobo) and
his sidekick (el companero)
parts carried well by Logan
Anderson and Tim Jones.
Although the wolf fancies
himself as a lady killer and
his buddy thinks him the
most “macho” fellow south
of the border, they both
“hop to’’ when the feisty
little grandmother (abuelita)
played by Melinda Randolph
threatens then with her
aggressive manner and her
cane.
Finally, as the plot thickens
our hero, the woodsman
(lenador) performed by ax-
toting Darryl Whitfield,
breaks through the door and
sorts out the details of The
“crime” being committed.
The villains are ultimately
turned loose with the prom-
ise that they’ll do no more
wrong.
The tempo and action of
the play was carried along
by the narrator, Cindy
Holloway. Many times the
true movements of the char-
acters were controlled by her
words. She also supplied the
sound effects for the non-
existent doors.
Card of Thanks
We wish to express our sincere thanks to our friends,
relatives and others for the many expression of sympathy
that we received during the illness and death of our dear
loved one, Elmer Lee Holloway. The telephone calls,
sympathy cards, flowers, visitors and food were deeply
appreciated.
Mr. & Mrs. Eddy Smith & family
Mr. & Mrs. Herman Reeves
Mrs.- Cleta Davis & family
If you say “1040”or“1040A”at tax time,
almost everyone will recognize that it is not
CB jargon, but the name of the common tax
forms sent out by the Internal Revenue
Service to taxpayers all over the country.
While those forms are a common denomi-
nator for most individuals who file tax
returns, IRS also has special services, rules,
and publications for certain groups of
taxpayers whose tax situations are peculiar
to them.
Farmers and fishermen, that is, those with
at least 2/3 of their estimated gross income
for the tax year from farming or fishing (or
for 1979 and later years, at least 2/3 of the
gross income shown on the tax returns for
the preceding tax year from farming or
fishing) get a break paying estimated taxes.
They may file their estimated taxes on Form
1040-ES and pay this amount by January 13,
then file their Form 1040 and pay any
balance due by April 15. The alternative is to
file their income tax returns and pay the
taxes due on or before March 1, in which
case the Form 1040 will be considered the
declaration of estimated tax. Farmers and
fishermen are not to be confused, however,
with employees of farms and fisheries.
Further information of interest to farmers
and fishermen can be found in the free IRS
Publication 225, “Farmer’s Tax Guide,”and
Publication 595, “Tax Guide for Commer-
cial Fishermen.”
Small Business operators have special tax
situations, particularly if they have em-
ployees. Before actually going into business,
persons planning to start their own business
should contact IRS for Publication 454,
“Your Business Tax Kit.” The kit or folder
contains forms and publications with all the
information a new business person will need.
Of particular value in this package is IRS
Publication 334, “Tax Guide for Small
Business.”
IRS also sponsors Small Business Work-
shops, where individuals can learn their tax
obligations and how to fulfill them as well as
their tax rights and how to take advantage of
them. Many small business persons find
these workshops especially valuable for
learning ways to cut down on their tax
liability. The IRS also explains what the
small business person can do if he or she is
headed for tax trouble and can’t pay a tax
bill.
Most small business persons are not
covered by company pension plans; they
would be able to get information on setting
up their own retirement plans from Publica-
tion 590, “Tax Information on Individual
Retirement Arrangements.”
Service employees who earn tip income —
cab drivers, waiters, beauticians, ushers, etc.
— should be aware that all tips are subject to
Federal income tax. Tips of $20 or more in a
month while working for any one employer
are also subject to Social Security or Rail-
road Retirement taxes. Failure to correctly
report gratuities can result in a penalty.
Employees who receive $20 or more for a
month are required to report the full amount
to their employers. Document 5635, which
contains Form 4070A, “Employee’s Daily
Record of Tips,” is helpful in recording tips.
Publication 505, “Tax Withholding and
Estimated Tax,” has additional information
on the procedure for reporting tip income.
Military personnel, because of the very
nature of their imposed lifestyle — family
separation, moving, uniforms, to mention a
few of the factors — receive special tax
treatment in certain cases. Military pay
generally is taxable, but allowances are not;
the replacement period after the sale of a
residence is extended, to cite just a few
examples of this special tax treatment.
IRS Publication 525, “Taxable and
Nontaxable Income,” covers the taxability
of military income. Persons affected by
community property laws of their state can
find related information in Publication 555,
“Community Property and the Federal
Income Tax.”
Nonresident aliens, both those who live in
the U.S. and those who only work here, also
have a special tax situation. This is true, as
well, for nonresident alien spouses. They are
taxed on income effectively connected with a
U .S. trade or business, and the rates and laws
in some instances are different from those of
citizens. Resident aliens, on the other hand,
enjoy the same tax benefits as citizens.
IRS Publication 519, “U.S. Tax Guide for
Aliens,” is a helpful reference.
Teachers who travel as a form of
education generally can deduct the expense
of that travel only if a major part of their
activities during the travel directly maintains
or improves skills required for fulfilling the
responsibilities of their employment.
Further details on when and how travel can
be deducted are in IRS Publication 508,
“Educational Expenses.”
Retirees and annuitants who receive
pensions and annuities sometimes need
special assistance. Most pensions usually fall
under the “Three Year Rule.” That is, a
retiree will recover his or her contributions
within 36 months. During that period, the
pension is not taxable — it has already been
taxed as salary or wages during the person’s
working years.
However, when the contributions have
been completely received, the pension then
becomes fully taxable.
If a pension does not adhere to the Three
Year Rule, the formula for determining
taxability is quite different and a bit
complex. This is true also of annuities.
Usually the company paying out the pension
or annuity will calculate the taxable and
nontaxable portions, based on the recipient’s
age, life expectancy, and other relevant
factors.
Full information is available in IRS
Publication 575, “Pension and Annuity
Income." For Civil Servants, there is IRS
Publication 567, “Tax Information on U.S.
Civil Service Retirement and Disability
Retirement,” and for those with tax-
sheltered annuities. Publication 571, “Tax
Sheltered Annuity Programs for Employees
of Public Schools and Certain Tax-Exempt
Organizations.”
All of the publications — these are just a
few of the over 90 available — can be ordered
by mail, using the order form in the tax
package, or by calling the IRS number listed
in the local telephone directory. If more
convenient, they can also be picked up at
most IRS offices.
Many groups of taxpayers do have special
tax situations. Anyone who has questions or
who needs any information on tax matters
should be aware that help can be obtained by
calling the local IRS office. There is, of
course, no charge for this assistance.
SUBSCRIBE
To the Howe Enterprise
Mail Coupon ’
Box 4Q8
Howe, Texas 75069
cur THIS COUPON
12 Month Subscription
$6.00
Him.
Address.
City_
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Outside Grayson County...$7.00 per year
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KATHY DOUGLAS
RUSTY MELTON
Wedding
Planned
Kathy Douglas of 2401 N.
Ricketts, Sherman and
James Russell (Rusty)
Melton of Rt. 1, Howe, are
planning their wedding for
June 7 at the First Christian
Church in Sherman to be
performed by the Rev. Gary
Reynolds of the church.
Miss Douglas is the
daughter of Mr. and Mrs.
Billy Don Douglas of
Sherman. She graduated
from Sherman High School.
She is employed by Ozelle
McKinney Bookkeeping and
Tax Service in Sherman.
Melton is the -son of Mr.
and Mrs. James E. Melton
of Howe. A graduate of
Howe High School, he is
employed by Fisher Controls
of Sherman.
"He who serves his country
well has no need of
ancestors." Voltaire
It Takes More
Than Just
AGold Watch
lb Retire Comfortably
m
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ills
It takes planning: financial plan-
ning.
So before you decide to retire,
before you’re given that tradi- ^
tional gold watch for yeais of
service, make plans for your
retirement and make them in
advance. The sooner you start
planning, the more financially
secure your future will be.
We suggest you begin plan-
ning today with an Individual
Retirement Account (IRA).
If you’re not presently cov-
ered by a qualified pension plan
where you work, you may qualify
for the IRA. Once you open an IRA,
you can save for your retirement
years and, at the same time, save
thousands of tax dollars.
There are two basic plans. One:
contribute up to 15% of your
annual earnings, as much as
$1,500 per year (the Contribu- /
;
• mm
■■
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:
tory IRA). Two: contribute up to
15% of your annual earnings, as
much as $1,750 per year (the
Spouse’s IRA). One of our re-
tirement plan specialists would
be happy to explain the differ-
iS&MSi ences between the two ac-
counts.
Every contribution you
make is fully tax deductible
until retirement. In fact, both
your deposits and the interest
we pay will accumulate, tax
deferred. Chances are, at retire-
ment, you’ll be in a much lower
income tax bracket so you benefit
once again.
Opening an IRA is easy. Visit us
ii| person or write for sample forms.
Retire comfortably, with the gold
watch in one hand and a large
chunk of financial security in the
other. Begin an Individual
Retirement Account today.
a run
SERVICE
BANK
HOWE
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532-5521
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Rideout, Lana. The Howe Enterprise (Howe, Tex.), Vol. 15, No. 34, Ed. 1 Thursday, February 21, 1980, newspaper, February 21, 1980; Howe, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1015104/m1/3/?rotate=180: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; .