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Show Lakeside Review South, Wednesday, Aug, 17, 1983 3B Davis Preschool Program Being Organized in Schools All parFARMINGTON ents of children 4 years old, who are interested in the Preschool sponsored by the Davis County School District, can call Evelyn Mower Parent-Cooperati- 298-100- Kathi Allen, 6 292-473- 4, for or Yvonne Deryke, enrollment information. The district plans to place half of the sessions in schools in north Davis, and the other half in south Davis Cunty schools, and enrollment will determine 825-821- 9 which schools will be used. Sixteen to 18 children will attend each session. Mrs. Allen said that last year the afternoon sessions seemed to be most popular, but that this year parents could possibly be more interested in morning session. "Parents have a lot to say about how the schools are run. Lynn Trenbeath, supervisor of home economics in the district, said that the preschools have been operating for 13 years, and Stake Sets Openhouse MONIEY fWAIiMET The BOUNTIFUL ful Stonecreek LDS dency will hold an Sat. Aug. 20 from 4 BountiStake Presi- HI a open house 7 p.m. at to 990 N. 100 W. The building which was built 50s has been closed for renovation for the past year. All interested citizens and church members in the area are invited to attend. in the Phetoi by Robert Regan the Seagulls. The garden is pest, only to give in and regroup for next to come into fruits, vegetables, fall. Wheres the state bird when you need starting melons and grasshoppers. Soon, man will it? again wage war on the r,SEND : Current Weekly Rate When you purchase a Money Market Certificate of $5,000 or more. Western Heritage offers 1.05 interest. Effective annual yield 1.36. Plus you may choose from a wide variety of FREE GIFTS when you open your account. IN high-steppi- ng Says IRS Avoid Tax Schemes . she explained that their purpose is to give parents an opportunity to work with children and learn some effective parenting skills. Parents are required to help the teacher two or three times a month. Effective parenting classes are avilable in conjuction with the preschools. Last year there were seven preschools in operation, and Mrs. Trenbeath said that she anticipates the same number again this year. If youve been offered a great is $10,000, the fair market value of the Bibles is $5,000 and, therefore, the taxpayers deduction will be limited to $5,000, Director Fay said. Foreign tax haven double trusts are another abusive tax shelter, according to the IRS Di- way to avoid paying federal taxes by setting up a Family Estate Trust, the sale of bibles, or a foreign tax haven, watch out. These opportunities are often abusive tax shelters which do not have any economic substance; their purpose is to avojd paying income tax. The only potential opportunity awaiting you is a large tax bill, interest, and penalties, according to Carol M. ,Fay, Salt Lake City District Director for the IRS. ; She stated that aggressive promoters are selling family estate trusts for fees as high as $25,000, claiming that clients can greatly reduce federal taxes by transferring assets, including lifetime earnings, to a trust. Promoters maintain that creators of these trusts may receive compensation as an officer, trustee, or director, as well as certain fringe benefits such as e use of pension rights, a residence, and educational endowments for children, the Utah Director for IRS related. rector. Promoters claim that by creating a double trust in a foreign country, U.S. income tax liability can be greatly reduced or eliminated. Under this scheme the taxpayer agrees to have the promoter create a trust in a foreign country, transferring to it the taxpayers assets. Then a second trust is established in the ' same country with the first trust named as trustee. The first trust transfers income into the second trust which then distributes it to the taxpayer and members of the taxpayers family, she stated. Because the taxpayer effectively continues to own and control the assets, the arrangement between the trusts has no effect for tax purposes and will be disallowed by the IRS as a sham Mrs. Fay cautransaction, tioned. Taxpayers who have any questions concerning the taxation of trusts or related subjects should contact the IRS or seek professional legal or accounting : advice. 5 POINTS KING CATAG0RY BABY'S 1 2 TO A 38 The Advertising Council WESTERN HERITAGE THRIFT & LOAN Bountiful 107 North Main 298-365- Sandy 830 East 9400 South 572-263- 3 St. George 494 East Tabernacle 628-365- 0 8 foyldl yy fer (1 pr!b!inni yyir femlys QUEEN PRINCE CATAG0RY BABY'S TO 1 2 MTHS. PRINCESS 8 EXTRA COMPETITION CATEGORIES WITH 32 WINNERS PRIZES FOR ALL WINNERS REGISTRATION THURS. AUG. 18 AND FRI. AUG. 19TH AT PIT AREA IN MALL. OTHER ACTIVITIES S.I.D.S. MONITOR DEMO. MARCH OF DIMES BIRTH DEFECT INFO. POLICE WILL BE FINGERPRINTING ALL CHILDREN 8i BABY CAR SEAT INFO. SINGING MUSICAL THEATRE DANCE MUSIC THEORY . 1 VOICE CULTURE MONTHLY PERFORMANCES REMARKABLY LOW PRICE BUILDS V SHOWMANSHIP . NO EXPENSIVE NO AUDITIONS ." TRIPS 4 Sunshine Generation has performed at the Dick Nourse Summer Spectacular, Utah State Fair, Lagoon, Hansen Plan ,V, etarium, Salt Air, Marriott and Hilton Hotels, Salt Palace, Davis Arts Festival, Hogle Zoo, Festival of Trees, all area has been seen on Channel 4 TV! shopping malls, for various church and civic groups and the perfect time to put your children In Sunshine Generations ORANGE & YELLOW and WATCH THEM SHINE! , You get your teeth checked regularly. Remember, without fail, to get the kids' booster shots. And yet, most people don't stop to take care of their family's most precious gift eyesight until there's a problem. But the truth is, your eyes can change in a matter of months without your even knowing it, keeping you from seeing things as clearly and crisply as possible. That's wny a regular eye exam is so important. It helps keep your eyesight sharp. And it can correct a little problem before it gets started on its way to becoming a big one. At Pearle we set aside August as Family Eye Care Month in the hopes vou'll make this regular eye exam a habit. And, along with this special month, we'll give you something else to help you remember. A Family Health Record Booklet. KEEP UP WITH YOUR CHECKUPS. With this booklet you'll be able to keep your health appointments separate from all the everyday notes jotted down here and there. So you'll always be on top of dental appointments, physicals and from now on, a yearly ey checkup. After all, there are so many beautiful things to be seen every day. Make sure you're seeing them the way they're meant to be seen. While supplies losl August is Family Eye Care Month at Pearle. ( PEARLER center J vision SEARLE COMPANY Mall 0 545-34- 5 Layton Hills Mall 3 Newgate Mall Locations also In Salt Lake City and A Ogden City For more information contact: LAYTON Karen Balliston Nancy Adamson Nancie Naldar 222-347- 8 Public Sendee ol This Madeline Passbook Savings Accounts of $1,000 or more-10.effective annual yield. On Passbook Savings of less than interest-- 8. $1,000 your account receives 8.25 annual yield. You may add to or withdraw from your account at anytime. Western Heritage offers a variety of savings plans. With our personalized service we can tailor a program to suit your individual needs. 24 MTHS. CHILDREN'S PERFORMING GROUP - A SAVMMGS MALL SAT. AUG.20TH OKO! 282-134- 3 5! WOMEN aste3 BOUNTIFUL TTiankstayau.it works, for all of us. ft BOUNTIFUL JAYCEE Both the IRS and the U.S. Tax Court have ruled that assigning all compensation for services of the creator of the family trust to the trust does not relieve the individual of the responsibility for reporting the income on , his or her tax return. Another scheme involves the sale of Bibles. For example, a promoter sells a taxpayer a number of Bibles for less than their retail price, and advises the taxpayer to donate the Bibles to a church and claim a charitable deduction for the full retail price. The taxpayer may properly claim a deduction for the fair market value, and not the retail price, of the Bibles. This means that if the promoter sells the Bibles for $5,000 although the claimed retail value Is thats how SPONSORED BY tax-fre- NOW And United Way works. And why. BEAUTIFUL BABY CONTEST - O O O LET THE PEOPLE DECIDE. If people are good enough to volunteer their time and money each year and make United Way a success, theyre also good enough to decide how the funds are used. A lot of ordinary people with extraordinary dedication devote long hours looking at budgets and community needs to determine how the money you give can be used to tout communitys best advantage. 546-004- 4 SUNSET JoAnn Parker ROY Julie Mckinstry 8254181 773-024- 2 621-029- 621-025- Orem r- - 4 ti W83, Searife Ooticai inc |