You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
R. L. GROSH & SONS<br />
SdENIC STUDIOS<br />
DESIGN, MANUFACTURE AND INSTALLATION OF<br />
THEATRICAL STA^E DRAPERIES<br />
CUSTOM AND STANDARD THEATRICAL HARDWARE<br />
• Custom Curved & Standard Drapery Tracks • Standard & Special<br />
Motor Drives • Contour Curtain Mechanisms • Motion Picture Screen<br />
Frames Straight & Curved • Motorized Top & Side Screen Maskings<br />
• Complete Line of Counterweight Hardware<br />
fUU JHEAJRE DRAPERY INSTALLATION<br />
TRU-ROLL #2000 HEAVY DUTY CURVED TRACK<br />
features: Full Reverse Curves —<br />
has these<br />
^ ; Operation)<br />
Silent Operation — Corriers may be Added or<br />
Removed without Disassembling Track — Control<br />
Lines can be rigged with Ease for Two-to-One<br />
Operation (Nylon Carriers with Long Wearing<br />
Neoprene Treads and Bumpers — Carriers Nest<br />
into One Another ond Provide Non-Fouling<br />
TRU-ROLL 4-STOP CURTAIN CONTROL MOTOR<br />
For<br />
controlli<br />
Flat, 3Smm (scope)<br />
622 SONORA 'AVENUE, GLENDALE 1, CALIFORNIA . 243-9567<br />
Conventional or D-1 SO. / ff^<br />
R.L. GROSH & SONS SCENIC STUDIOS<br />
4114-4122 SUNSET BLVD., HOLLYWOOD, CALIFORNIA<br />
TWIN IT!!<br />
Call Harry Jones<br />
Drive-in Theatre Construction Since 1946<br />
• Steel Towers<br />
• Painting • Repairs<br />
Free Estimates<br />
662- 1134 (Area Code 213)<br />
/ J"'>d<br />
THEATRE SEATING<br />
Specialists in Rebuilding Chairs<br />
New and Rebuilt Theatre Chairs<br />
For Sale<br />
Also Seat Covers<br />
We Buy and Sell Old Chairs<br />
TRAVEL ANYWHERE<br />
Phone us and reverse the charge<br />
Telephone (212) 875-5433<br />
Seating Corp. of NY.<br />
247 Water Street<br />
Brooklyn, N. Y. 11201<br />
Estimated<br />
years.<br />
Tax-<br />
Continued from page 45<br />
This equipment may be fully written<br />
off. The absence of these charges will increase<br />
his net taxable business income.<br />
On the other hand, he may have acquired<br />
more than the usual amount of new<br />
business assets during this tax year. He may<br />
have decided to expand concessions equipment<br />
because of increasing sales and demand<br />
for greater variety, or, he already<br />
could have spent more on modernization<br />
than earlier anticipated. Some equipment<br />
could have been purchased instead of repairing<br />
the old equipment as was earlier<br />
planned. These investments would generate<br />
new depreciation charges, and depreciation<br />
rules allow a substantial deduction for these<br />
assets. In addition, he may be entitled to a<br />
large investment credit, directly deductible<br />
from his income tax bill. Taking these deductions<br />
into account for his tax estimate<br />
may reduce taxable income enough to warrant<br />
amending his tax estimate downward.<br />
Non-business Income ... As the year<br />
progresses, non-business income could increase<br />
substantially above the original estimate.<br />
An exhibitor could gain new income<br />
sources. He may convert low-yield holdings<br />
into those that produce larger returns, or,<br />
non-business income could sharply decline.<br />
An unexpected windfall during the year<br />
could alter the income tax obligation.<br />
Casualty Loss ... An exhibitor may sustain<br />
a heavy casualty loss which will adversely<br />
affect him. sharply cutting his income<br />
tax obligation. Even if he is partially<br />
reimbursed for his loss, the unreimbursed<br />
part may warrant an amended estimate.<br />
Capital Gains and Losses . . . Substantial<br />
capital gains and losses, or a combination of<br />
both, may warrant an amended estimate.<br />
This may depend on the extent of the gain<br />
or loss, and whether or not the one approximates<br />
cancelling out the other.<br />
An exhibitor may fail to take into account,<br />
when making his initial estimate,<br />
any carryover capital loss which he is entitled<br />
to deduct in his income tax return<br />
for this year. If so, and the carryover loss<br />
is large enough, this may materially reduce<br />
his income tax obligation for the year.<br />
Itemized Personal Deductions and Exemptions<br />
. . There are a number of situ-<br />
.<br />
ations in which the amount of personal<br />
itemized deductions could change dramatically,<br />
either up or down. An exhibitor who<br />
usually has expenses that remain fairly constant<br />
from one year to another, may be<br />
more prone to overlook any changes. Some<br />
deductible expenses by themselves, such as<br />
the creation or loss of deductible taxes and<br />
interest on the purchase of a home, a big<br />
change in the amount that can be deducted<br />
for medical costs and so forth, could warrant<br />
an amended estimate. In other cases, a<br />
combination could sharply raise or lower<br />
deductible expenses. This latter instance<br />
cinild he overlooked because there seems<br />
The MODERN THEATRE SECTION
Change language