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Show 4 The Magna Times, Thursday, January 24, 1991 Government Desert Storm troops have tax filing extension from IRS Horiuchi handles some of Magnas forgotten problems Magna Chamber it was going to cost $650 to hang the decorations and $650 to take them down. Chamber members Not everything runs smoothly in the then approached Commissioner Tom transitions of power. Just after Shimizu to try to get a waiver from the Thanksgiving, the Magna Chamber of charge since the county had been proCommerce contacted Salt Lake Counviding the service for decades. Comty Public Works because Magnas missioner Shimizu granted the waiver. Christmas decorations on Main Street This would have been the end of the hadnt been hung. story if Commissioner Shimizu had not The county public works told the been defeated in the election. Due to by Kim Folsom Magna Times Managing Editor this fact, the county forgot to take down the decorations. This week. Commissioner Randy Horiuchi was notified of the problem by the Magna Chamber and because he also has a genuine interest in the community a Public Works crew was dispatched as quick as a Patriot missile to solve Magnas problems. Commissioner Horiuchi has also been very supportive on the Magna pool. Military personnel assigned to Operation Desert Storm in the Middle East will have at least until June 15, 199 to file and pay any balance of tax shown on their 1990 tax returns. The June 15 extension applies to regular military personnel and reservists who are stationed overseas on the 1 A Community Credit normal April 15 tax filing deadline. However, like most taxpayers, these military personnel will probably be due tax refunds and will want to get their refunds as soon as possible. Last year 70 percent of the 113 million individual tax returns resulted in refunds. The IRS said it is working closely with the Department pf Defense to expand assistance for military personnel so that returns can be processed and refunds issued as quickly as possible. Taxpayers overseas are usually required to file Ja form to request additional time to .file beyond the June 15 extended filing and payment periods beyond June 15. While payment of any tax due may be extended, interest will apply on tax not paid by the normal April 15 deadline. Current law does not permit the IRS to waive this requirement. The announcement is part of the IRS continuing effort to provide guidance on federal taxlissues to people directly affected by events in the Middle East. As other questions and issues arise involving taxpayers in the Middle East or their familjes, the IRS said it will issue additional guidance. Publication 944 describing tax issues for Desert Storm forces is now available for military personnel and can e be obtained by calling the IRS at . Banks operate on a very basic principle: They lend depositors money to people who need financing for homes, cars, businesses, education, home improvements and other consumer needs. Think of it as recycling! was sold to a family of four who financed it Lending within the community their lending in Utah to sup- agri-cultur- through a local bank. Creative thinking and nancing resulted in several community ben- e, is a communities. s Lastyear, ap- - -- 'typroximately 150,000 new loans to indi-vidual- s, fami- W r ourdailylives. As a result, Utah , banks are reaching out to those with extraordinary circumstances, finding creative ways to make loans while still maintaining high levels of safety and soundness. lies and 4. by Stacey T. Case Magna Times Feature Writer port local economies. Sound banking partnerships with individuals and businesses enhance invest in our , Patriotism is alive and well in Magna Utah banks want to increase Utah banks at more than 400 locations lO toll-fre- efits. top priority for Utah banks. Utahs future depends on it. n fi- businesses were made by Utah banks. Your ideas and suggestions about ways Utah bank can the communitys credit satisfy7 Many loans are made in conjunction with needs are valuable to your bank. You are enpublic and agencies. For example, couraged to use the fonn provided, or send your three banks loaned funds to Ogden Citys bank a letter. Neighborhood Development Agency to help (Please send or deliver this completed form to your hank.) them acquire land. As a result, a blighted jvj E3 D D E3 D Q El El Q El E3 El El E3 El El E3 3 E3 El IQ E neighborhood will be turned into new affordnon-prof- it & able housing. In Southern Utah, a bank joined with the Small Business Administration to finance several motel complexes which added over 50 new jobs to the local labor force. In another South- 0 Attn: Community Reinvestment Officer Q q Bank Name: o Are's: g offer these suggestions regarding the credit additional sheet if necessary) g (Attach 1 ; needs of our community: Q ern Utah community7, two banks joined to- Q gether to fund construction of a new golf course 0 vital to the areas economic future. 0 vr In Springville, a bank joined with the Small Business Administration to finance a new company which manufactures modular homes. Not only has this funding helped to purchase land and construct a building, but it also assisted in creating 1 15 new jobs in Utah 0 0 0 : . Name (Please Print): J Phone: Ea g 3a Q jjj b gg gj gg q Thank You from the Utah Bankers Association 33 El El 3 County7. Salt Lake Neighborhood Housing Services initiated a Youth Works project where high risk youth were employed on a training project to build a home. The completed home As Ive remained glued to my television set these past eventful days, a sense of pride has begun to well up inside of me. As I see and hear of our armed forces risking life and limb to preserve freedom for that small country of Kuwait, I am somewhat 'awestruck. "And as the events have folded, I also felt a surge of patriotism building. On my way to the mall a couple of days ago, I noticed a couple of large signs that caught my attention. Unfortunately, I dont recall their exact message but the general attitude was to wish a speedy end to the war and for God to bless the troops. As I contemplated these messages, I began to wonder if there were any such icons in Magna. As I drove through our pleasant community, I was pleased and proud to be a Magna resident when I saw so many American flags flying and yellow ribbons adorning many a tree. My young son of not quite two years doesnt understand what is happening so far away frbm our safe community. But I have tried to explain the images he sees on the television screen, and at times I wonder if I understand all that is evolving. Ive noticed something else, too. A vast majority of our Magna community is totally supportive of our involvement in the Middle East. Ive found this through listening in on conversations at the checkout lines, at local fast food restaurants, and by conversing with the people of Magna as well. Something else has. become very it clear to me also they are sad that had to happen. Many of the statements Ive overheard. begin something like Well, I dont like war but ..." or Im not for another war, however ... Comments like "I dont want it to be another Vietnam are often heard as well. If we learned anything as a nation from this' conflict, it was to support our troops. of Interestingly enough, a couple war people Ive spoken with about this find it ery abstract. Abstract in the fact that here we are in Magna consciously subgoing about our daily routine and consciously wondering what is taking place at the present. They've describexed it almost like an conthe perience. feeling very much flict rather than mentally thinking about " out-of-bo- 1 ."Ml F.Y-TTTr- rft d ! j MHMMMr tr: g rfya, m it. I IXpoMt' in Utah Bank" are Injured to 5 1 00.000 K the F01C. realize to generalize 1 of our nation reallv feels. I, these statements and sentiments for an entire country is going tix) far. but cant help but wonJer if this isnt how the niajori-- t |