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Show The Enterprise Review , July 21, 1976 Page 8b Fir speed! smsl Consumers Get Tribune Response reUnGaMiifly, semdl StteTCOirO So 0 Title Insurance and Escrows Stewart Title Guaranty Company of Houston, Underwriters Harlan Y. Hammond, President Virginia Godfrey, Closing Officer 330 Broadway Plaza 250 East Third South Salt Lake City, Utah 841 1 1 Telephone 355-478- 3 The Salt Lake Tribune and regulations. The recent U.S. Supreme Newspaper Agency Corporation have responded to a Court decision (Virginia State motion that the Public Service Board of Pharmacy v. Virginia Inc.) Commission reconsider its Citizens Council, the motion to withdraw rules on constitutionality Brings Commissions of the regulautility advertising. the The motion to reconsider tion in grave doubt, CommisHolbrook response stated. was brought to the The commission should sion two weeks ago by the Utility Consumer Action not take the lead role in Group, Inc. litigation, Holbrooks reCounsel for the Tribune sponse continued. And excesand NAC, Donald Holbrook, sive practices by the utilities responded by clarifying their can best be regulated at the position, and suggesting the public rate hearings. Commission table any further Explaining the recent consideration of its proposed Supreme Court decision, The court Holbrook said, basic First reaffirmed the sumer action group urged the commission to proceed to hearing on the Commissions proposal. Bids Open for Lincoln School Lincoln School is back on auction block again. For the second time the Salt Lake City School District is accepting bids for Lincoln Junior High School, 1241 South State Amendment principle that Street. The minimum bid for the government has no power to restrict expression because of 74,365 square foot building its message, subject its ideas, its matter, or (plus its 5000 square foot its shop) is $600,000. The content. The decision clearly brings informational advertising within the protection of the First Amendment, Holbrook continued, and makes the proposed regulations constitutionally suspect. The Commission decided mid-June in to withdraw its regulations regarding advertising by utilities. The Con- - mini- bid was not offered during the last auction held March 31, 1976. School board members have offered bidders three months leeway to change zoning if necessary. They maintain the right to refuse an offer if the use would not be in the best interests of the school district. Bid deadline is August 3, mum 1976. Tax Hints An Audit? Who Me? by Rex Keeler Manager, Executive Tax Service OUR KNOWS IN YOUR BUSINESS! We know how to get your sales prospects every week for new profitable leads. Try the newspaper that knows your needs. April 15 is for most people the last day to file tax returns and usually the last time they worry about taxes until next year. But just wait, any day now, while you are shifting through the daily flow of introductory offers and utility bills, you may find an invitation from the Internal Revenue Service to participate in an audit . . .yours. (Your chances are 4 in 100, you know!) Why were you, of all people, selected for this ordeal? Its the governments policy to keep you, the taxpayer, unaware of when you may be audited. Its the mere threat of an audit that assures the I.R.S. of your integrity. Theoretically, the Federal income tax is a voluntary, system. Only by sharing the tax burden on an is it possible to keep the burden at a tolerable basis equitable level for all taxpayers. And by means of an audit and the collection power of the Internal Revenue Service can they maintain an equitable (although not always just) tax system. Youre still wondering how you drew the winning card? self-assessme- DNTBUVEOWflAlN CCMMERdAl pECGRd nt . Heres the procedure: 952 West 1 500 South Salt Lake City , Utah 84108 Telephone 484-449- 5 1 After you file your tax return, it may be adjusted by any one of a series of examinations. Once it arrives at the service center in Ogden, it is reviewed quickly for apparent errors, i.e., failure to sign the return, and then encoded for processing . FREE SAMPLE ORDER INTERMOUNTAIN COMMERCIAL RECORO 1952 West 1500 South Salt Lake City, Utah 84104 Phone: 484-449- 5 Gentlemen: Please send e sample copy of the INTERMOUNTAIN COMMERCIAL RECORD. Firm Name j Your Name .Title s, Address City Date. . State through the computer. The computer is designed to detect any mathmatical errors and preparation errors (such as using the wrong filing status or failure to take the earned income credit). . The computer also assigns a Disc score to your return. This score is based on the type of entries made on your return (How the Disc score is actually calculated is a closely guarded formula of the I.R.S.) A large percentage of the total number of returns selected for audit are from a sample based on the Disc score. In addition to these returns, many are examined because they are interrelated with others currently being audited, for instance the partners of a partnership return. The I.R.S. also has the ability to match a substantial number of information documents (W-21099s) to the taxpayers return to verify if the correct amount of income was reported. Since the introduction of the computer in Ogden ten years ago, the Internal Revenue Service has consistently been updating their system to insure the proper collection of income taxes. Their ability to verify information on a tax return will continue to expand . . .so watch out! Next week Ill discuss the procedures one should take in preparing substantiation for the ordeal. -- Zip Phone ER75 0 |