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Show THE SALT LAKE TIMES FRIDAY, JANUARY 22, 1971 Lake Powell Brings Visitors Poisonous Sea Snake Study is Revealing Closer to Rainbow Bridge Page Three Estimated Tax, Penalties to be Added to Tax Bills Non-payme- nt A group of zoologists is preparing to study first hand the habits and physiology of Roland V. Wise, District DiMountain where the head of the Those coming onto the lake at living a sea snake that could poisonous War-Go- d rector for Internal Revenue Ser. . either Halls Crossing Ferry Ser- find its . rests, from the Pacific to way Dark Wind, Beautiful Chief, vice or Bullfrog Basin Marina, the Atlantic if a sea level canal vice for Utah announced new from the tips of your fingers a near the middle of the lake are these oceans ever be- procedures for billing the penalrainbow send out . . about 50 miles by water to joining ly for underpayment of estimated comes a reality. tax. Navajo Prayer Bridge Canyon the entrance to Scientists have expresed fear At the foot of Navajo Moun- Rainbow Bridge. Beginning in 1971, the IRS that if a sea level canal were tain stands one of natures greatwil discontinue issuing separate Most boaters head in the di- built, this hardy swimmer may notices est monuments Rainbow Bridge rection of proposing the penally for Navajo Mountain make its way, via the new route, once a religious shrine to many looming on the horizon a few its home in the Pacific to underpaying individual estimatIndian tribes that roamed the miles southeast of the monument. from up residence in the Atlantic. ed income tax (including massive canyon country of the The mountain is avoided, custo- take tax) for the previOnce there, it coud become a lower Colorado. River. ous taxable bemost Indians who year. Instead, the marily, by most unwelcome addition to re- when due the net amount shown as tax on the return. This late payment penalty (added by the T&x Reform Act of 1969) is at the rate of one-ha- lf of one percent of the unpaid amount shown on a return for each month or part of a month it remains unpaid up to 25 of the unpaid tax. The penalty also applies to the estimated tax penalty shown on a bill if the amount is not paid within ten days from the date of underpayment penalty will be the bill. assessed and included in a bill to be issued immediately after a label taxpayers Form 1040 has been Oh Your Tax Return processed. This change means that the Many local citizens have deIRS will be issuing an all inclutheir Federal income tax sive bill for all known liability layed refund by not putting the name for a given tax period after the and address label onto their tax return is processed. When the return. The blue label is on the bill includes an underpayment front of the package of Federal penalty, it will be accompanied income tax forms and instrucby a stuffer explaining the tions that was mailed to local general requirements for paying taxpayers about January 1. The estimated taxes and a blank label must be lifted off and atForm 2210 which may be used to tached to the Form 1040 being verify the penalty computation filed. made by the IRS or to request A tax return cannot be proreconsideration of the assessed cessed without name, address, underpayment penalty. and social security number all This change in billing proceon the label. These dures is expected to benefit tax- means of identification ensure payers, practitioners and the proper crediting to the taxpayIRS. Taxpayers will not be re- ers master file account. ceiving separate notices about In case the label bears incorpossible underpayments of esti- rect data, the taxpayer should mated tax months after their re- still use the label but should turns have been filed or after cross out the wrong item and subthey have received an initial bill stitute accurate information. for the tax only. Practitioners should find that the change will In 35 states, and under varytend to lighten their overall workload, since the notices will ing conditions or restrictions, be sent only during income tax passengers can be legally driven return filing season, instead of by persons who have not reached at that time and later for the esti- their 16th birthday, and in two mated tax penalty near the close states, 13 year olds are permitof the calendar year. So far as ted to drive. Police in Rome now carry the IRS is concerned, the change of more closing manuals timely permits listing insults and protaxthe accounts for in taxpayers fanity English, French, Spanish and German. Now they can able year. after 1, arrest or reply in kind to tourBills issued January amount ists who sound off in another 1971, will also reflect the of any penalty for failure to pay tongue. self-employm- ent Rainbow Bridge National Monument is located in southern Utah, six miles above the Arizona border, and until the backup waters of the Colorado River formed Lake Powell, the great span was virtually inaccessible to most travelers. Prior to the building of Glen Canyon Dam and the formation of Lake Powell, it was a two-da- y pack trip into the monument. Travel was dangerous in this remote, arid country and slick-roc- k formations seldom allowed solid footing among the steep cliffs. But thousands of visitors rode the fourteen miles by horseback and the hardiest trekked sand and t across the rock. As early as 1913 four desert-ho- years after Rainbow Bridge was first seen by a whiteman Theodore Roosevelt slept beneath the sweeping arch, exhausted after the bully good march. Rainbow Bridge got its name from the translation of Nageelid an Indian phrase Nonnezoshi meaning It was held in awe by ancient and modern Indians. By custom, Piutes and Navajos must first say a prayer before walking under Rainbow Bridge. Some prefer the 308-fodangers of climbing over the span rather than walking beneath. Lake Powell has brought visitors closer to the monument as the deep blue water spilled into the canyon. Even though the trip is 45 miles from Wahweap at the southern end of the lake, the full intour can be made in one day,160-accluding the brief walk to the monument after the boat two-da- y ride, as compares to the pack trip by land. ot re lieve it is the home of the Thunder God. The craggy mound stands well above the landscape as the highest mountain in the region and serves as a general marker designating the northwest corner of Navajo Land, Travelers arriving at the monument will be pleasantly surprised by Rainbow Bridge Floating Marina. Located on the waters of Bridge Canyon, a few hundred yards from the monument, the marina is snuggled close to the steep walls, partially beneath a wide grotto and provides scenic beauty along with essential sundries and boating needs. Lake Powell is patroled by National Park Service Rangers, Arizona and Utah Fish and Game Officers and United States Coast Guard, but chances are good of not seeing another boat for hours while wandering through dozens of canyons along the 1,900-milshoreline. So, an additional warning is issued to all boaters to bring enough gas to get from one marina to the next, located approximately 45 miles apart, with enough fuel left over to do some sightseeing. Few boaters can resist leading their own expedition up one of the narrow gorges, and these modem day explorers can find themselves out of gas and making an unplanned overnight stay on the lake. Visitors to the area can rent boats, hire professional guides or sign up for one of the tours that is offered by the various marinas. For further information about scenic attractions and accommodations at Lake Powell, write the Utah Travel Council, Council Hall, Salt Lake City, Utah 84114. e Your Heart Fund Dollars Helped Save Lives of Valentine Gins' TWO YOUNG BENEFICIARIES OF HEART SURGERY deexpress their thanks that Heart Fund dollars spurred velopments In heart surgery that corrected, their inborn and Theresa heart defects. They are Monica Barnes, Conn. at Stratford; Barnes, 7, sisters, living 8, sort areas in the Caribbean and Florida. Dr. William A. Dunson will serve as chief scientist aboard the research vessel Helix while it travels in Pacific waters from San Diego to Panama. The sea snake which will be studied is the best adapted for all sea life of all marine reptiles. Air breathing, it floats and can swim near the surface of the water for its entire life. On land it can do little more than wiggle. It has already demonstrated its ability to travel great distance. Believed to have originated in the part of the Pacific, it has crossed the open sea and established itself along the western coasts of the North, Centraland South America, ranging from Baja, California to Ecuador. Temperature to low for its comfort as well as the locks and fresh water lake which are part of the present canal system have probably prevented it, up to now from migrating to the Atlantic. Some of the studies the scientists will do in the ships laboratory will be aimed at determining the range of the snakes tolerance and at learnmore about the internal ing structure and function of its salt Indo-Australi- an tem-pertau- re gland. Mutual Funds Assets, Sales Rise, Cash Position High Mutual fund sales moved from $306 million in July to $312 Pre-addres- pre-print- ed ed . mil- lion in August, and assets rose from $40.7 billion to $42.5 bil- ONE HUNDRED YEARS-O- NE MILLION STRONG lion. Redemptions continued to decline to their lowest level in four years. The August redemption total, $167.4 million, was the lowest dollar level since December 1966. In July, redemptions were at $292.8 million. As a percentage of average net assets, for the 12 months ended in August, redemptions were 6.5 per cent, compared with 7.2 per cent in July and 8.0 per cent in August last year. Mutual funds were still holding record levels of cash at the end of August, according to the monthly statistics of the Investment Company Institute. Members of the Institute, representing more than 90 per cent of the industry, reported liquid assets at just under $4.8 billion or 11.3 per cent of total assets. This indicated a slight decline of $30 million from the prevoius months levels of $4.82 billion and 11.8 per cent. The percentage of fund assets held in cash, U.S. Government and short term corporate obligations first went above 10 per cent in May of this year and has been over 11 percent since June. if its printing. . dial 364-846- 4 . During its first century, it has grown from a small group of National Guard officers to the largest sporting organization in America. Its more than one million members come from all walks of life, yet they all have a common bond . . . the shooting sports. These million strong sportsmen (and women) belong to a union called the National Rifle Association of unique America. For 100 years, the NRA has dedicated itself to promoting the safe and efficient usa of firearms for sport and recreation. Through its programs, millions of young men and women have discovered the pleasures of competitive shooting, hunting and recreational marksmanship. Today, shooting in its various aspects is the second largest participant sport in the world. And, through the purchases of firearms and ammunition, the shooting sports are a major contributor of funds to Americas wildlife conservation programs. In this age of vanishing animal species, those contributions have more significance than ever before. |