1
2
3
4
5
6
7
8
9
10
11
12
15
14
15
16
17
18
10
20
21 |
the season on the rostrum, and they are presented to the
Convention with the best wishes of Mr. and Mrs. George
Monroe of Howard County, and through the efforts of
Vice-president Clark. (Applause.)
I have handed to me a memorandum from one of
the delegates, raising a question as to treatment for
Federal income tax purposes, and I suppose Maryland income
tax purposes also, of the expense allowance of the dele-
gates, and a suggestion that it would be helpful to
make an announcement to all the delegates concerning this
because some are under what I am sure is a misapprehension
that for income tax purposes they need not report the
expense allowance.
In all probability, they will be required to
report as income the expense allowance, but will be
entitled to deduct as an expense the amount of their full
expenses, regardless of whether it is more or less than
the amount of expense allowance. I would suggest to you
all, therefore, that you keep records of what your
actual expenses are.
We are endeavoring to work out with the Internal |
