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Show I HAWAII! HAWAII! How to exchange jobs and I would you like to spend homes with next year one year in Hawaii? The (Sept. 1982). A great chance is here! We are opportunity for a looking for an elementary beautiful vacation while school teacher AND a you work! For more high school physical information, call 586-5505. education-health teacher ll-5-tf f cil J-" raiNCBS COFFEE 2?99$ 6f9W ill 3 Q riilJSMki W 1111:1 MAKER or MICRO- rm'tmpk mck IfflS FlfalPifl cuno JS&Osl WAVE OVEN GIFT BOWS j spiral CANDLES U LIGHT SETS rUa dBa cabinet .65 For little homemakersl Each Stock up now and save. Choose Special values and special treats. " Sets with 20 lights come in 3 varieties of fancy decorative (GLASS DOORS) jpf 10"1 has realistic working features. from either 12 or 25 pack. Save on candles and candy sticks. bulbs. Sets of 36 or SO lights come in basic style bulbs. v ' j YOUR FAVORITE DISNEY CHARACTERS j jJl titT 4lWL IN A VARIETY OF TOYS I . J jfflff 7 i yMfH Yu'J!f & jy I t " V RIO. 7.99 RIO. 11.99 " IOO I W V&i UJt?i A-VVarO-VViA. PORCELAIN &i77J;V7 i cartoon ILS-J I STUFFED TOYS TREE TOPPERS KNICK-KNACKS KITCHEN TOOL SETS i E FUCKER T.V.M MINI PUSH TOYS 1 jff BATTERIES flllUSfif th flfW) (Vv jJL r V 3.00 S2 2?a SiJ MTS XjJL M HHNTENSITY H' m " ir each tgy REG. 2.99 f I J sjL s W V MICKEY MOUSE GYRO JEEP OR TRAIN PLUSH ANIMALS fY V - fl 1 rSy &3, J Powerful friction motors thet run on their own power. n5iMHiu !T. !. rhri.tm.. VJ M . . -TT IT I tij -Ji Hx li 1. wINT$ I j33fts sgtaaags Sr SSR-.-r entai ti orlteT.V. shows own pinball game! Uie to fit 11 M In. tall Margk? doll bk,ck. BmiftoX?vZntf iun charmln All carved wood, meter wooden tools with holder. Saving, on holiday -03 SC 8.8t " ? 1 r? fe I IBBIKfiSRL. RSfeSL SyiSchen WOtt set V5 isat5 , lKagtte.J . iTOQiswrmiCK I rCr. SST!L. . a.. 684 South Main 586-8612 .jmnsk J H GUBLER & Ce'WUBLICACCOUNTANTS BOX1139 360WEST200NORTH ASSOCIATES MCUTAH847!0 JOSEPH H. GUBLER JAMES M, WILSON INSTALLMENT SALE . . YES OR NO? I . The elimination of the 29 percent rule was long overdue. The new law will eliminate court battles with the IRS and will provide sellers of property with more flexibility. Sellers will be able to solve their cash needs without concern for being taxed on money they don't receive. You can now receive whatever cash you wish in the year of sale and pay income taxes only to that extent. The tax on money received in future years will be paid as that money is received. The new law is effective for all transactions during calendar year 1980 for taxpayers with a December 31 year end. If you have a different reporting tax year, check with your tax advisor for the dates that affect you. All installment sales will be automatically treated as such under the new law unless you specifically elect to be taxed all in the year of sale. There are good reasons, both from a tax standpoint and from good economics, for paying all of the taxes in the year of sale ever though you qualify for the deferred tax treatment. You are entitled to use "income averaging " a five year "back-spread." If you have four prior years of relatively low income and anticipate future years to be substantially higher, you could pay an over-all lower tax by electing to pay on all gain on the property sale in the year of sale. Another important tax consideration is a review of possible "operating loss carryforwards" which may be approaching their seven-year expiration date. A straight "economic" consideration is whether to sell your property on the installment basis or require a full cash pay-out. You may be able to reinvest your proceeds at a higher rate of interest than is proposed in the installment sale. |