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Show Wed/Thurs/Fri, December 8-10, 2004 The Park Record B-16 H TWO MAN MOVER8 Experienced • Licensed Bonded • Insured FOR A PERSONAL PROFESSIONAL TOUCH Deliveries Moving Qupplies Packing Services Office, Home, Apartment Moves Furniture Rearranging Truck & Trailer Unloading Our reputation .grows with every move me make! Park City Heber City 640-5713 657-0847 Locally Owned and Operated Gerving Summit &- Wasatch Counties Receive $25 off moves of $250 or more w/this ad. Expires 12*31*04 IRS changes rules on car donations fied. They frequently are not list- tion. The IRS, however, will only ed in Publication 78. Donations allow a deduction for the fair to these -institutions arc tax market value of the car. Fair market value takes into account deductible. •Itemize in order to benefit. many factors, including the vehiThe Internal Revenue Service for 2004, taxpayers will be able to Many taxpayers can't take a cle's condition. The fair market has issued a consumer alert to deduct the fair market value of deduction for car donations value of the taxpayer's car may because they don't, itemize be substantially different than help taxpayers avoid potential the contributed property. pitfalls when they donate their "Just because the rules will be deductions on their personal tax the highest value listed in a usedautomobiles to charities. tightened for vehicles donaled return. For taxpayers, the deci- car buyer's guide for that make In addition, as taxpayers plan next year doesn't mean anyone sion to itemize is determined by and model of car. • Document the Charitable their charitable giving, donors should give a car lo charity and whether their total itemized should understand the way that claim an inflated value this year," deductions are greater than the Contribution Deduction. For the American Jobs Creation Act said IRS Commissioner Mark W. standard deduction (for 2004, the vehicle donations, taxpayers standard deduction will be $4,850 must document the car donation of 2004 will alter the rules for the Everson. contribution of used motor vehi- • IRS officials recommend that for single; $9,700 for married fil- and its fair market value. Record cles, boats and planes after Dec. people who want lo donate their ing jointly). Slightly more than keeping requirements are com31,2004. vehicle by Dec. 31, 2004 take the one-third of the 130 million indi- prehensive and vary depending vidual taxpayers itemized in on the amount of the contribuNext year, if the claimed value following steps: of the donaled motor vehicle, •Check that the organization 2001. the last year for which com- tion and the total amount of the charitable deduction. IRS boat or plane exceeds $500. and is qualified. Taxpayers should plete data is available. the item is sold by the charitable make certain that they contribute •Calculate the fair market Publication- 526 details requireorganization, the taxpayer is lim- their car to an eligible organiza- value. The donor must take many ments for the types of receipts ited lo the gross proceeds from tion; otherwise, their donation factors into consideration to taxpayers must obtain and the the sale. will not be tax deductible. establish the value of the car. forms they must file. •Contact state charily and IRS Under the new rules, the char- Taxpayers can use the IRS Web Many used-car buying guides itable organization must provide site to check thai an organization contain stcp-by-step instructions officials when in doubt. Donors by searching so that readers can make adjust- with questions about whether a an acknowledgement to the is qualified 78 at ments to the value of a car for contribution is deductible should donor within 30 days of the sale Publication stating the amount of gross pro- www.irs.gov/bus_info/eo/eosearc accessories, mileage and other call the IRS at 1-S00-S29-1040 or ceeds. Alternatively, if the chari- h.html. Publication 78 is an annu- indicators of its general condi- for TTY/TDD help, call 1-800ty significantly uses or materially al, cumulative.list of most organ- tion. Both Publication 526, 829-4059. They can also find IRS improves the vehicles, the charity izations that are qualified to Charitable Deductions, and forms and publications at the IRS at must certify this intended use and receive deductible contributions. Publication 561, Determining the website duration and provide an Publication 78 is also available in Value of Donated Property, pro- http://www.irs.gov/bus_info/eo/in acknowledgement to the donor many public libraries. In addi- vide detailed instructions. Both dex.htmi. Donors concerned that within 30 days of the contribu- tion, taxpayers can call IRS Tax publications can be found at contributions are being solicited tion. Exempt/Government Entities IRS.gov for fraudulent purposes should Customer Service at 1-877-829•Deduct only the car's fair contact the appropriate stale . If the chanty significantly uses or materially improves the vehi- 5500. Be sure to have the organi- market value. Some car donation charity official, who is often cle, generally, the donor may zation's correct name and its program operators have mistak- located in the state attorney gendeduct the vehicle's market headquarters location, if possi- enly claimed that donors can eral's office. A list of state charible. Churches, synagogues, tem- deduct the highest value listed in ty official offices can be found value. For the remainder of 2004, ples, mosques and governments a used-car buyer's guide for their online at www.nasconet.org. and however, the new rules do not are not required to apply for this make and model of car, regard- a list of state attorneys general apply. Under the rules in effect exemption in order to be quali- less of the donated car's condi- can be found at www.naag.org. IRS issues a consumer alert to help taxpayers avoid pitfalls of giving a car to charity AAA safety video targets teen drivers iJ THEN YOU SEE THE PDWEH OF COMMUNITY COALITIONS. Th*y h«Jp ccnwranny tyoups • Ike <i6PTA*.ycu dmrch, clubs, « w y o u i ctQuttzp. fesoKcts arid lotus diem wheie iliey're needed mow Especially lighting to ke<rp kulr. away from diutjv If youte in a comrnurwtv COUP. ^ ' ' V011 t ' " 1 do IIKI<- by !t.B-iH(y ii|i tulh a twiriiinitY tnaJilioii. l l ^ re.dly .viniple. iis.1 go lo www.hetpyourccTmtTMjnity.org 01 tall 1-B77-KIDS-3 1 2 to tunlatt a u n i * muritv coal16on in your ar«a. Th*y1l tell you exacrty h o * vout group can help. Youil be Mirpiii.-d (ti IAII,H y « i have io ollnr. And Iww much you a n accomplish Y O U G E T M O R E W H E N Y O U G E T T O G E T HE R It's 30 seconds that just might save a life. AAA (American Automobile Association) is distributing a compelling safety message to television stations throughout northern California, Nevada and Utah aimed at educating younger drivers about the dangers of alcohol. The videotaped public service announcement was produced by Josiah Maselli, 17, a junior atPetaluma High School in Pelaluma. Calif. Titled "Think." the video was originally created as an entry for a AAA-sponsored contest designed to teach students about traffic safety. : The scene . opens with the point of view of a young man entering a party. He's offered a beer. "Drink up. we've got plenty," another young man encourages him. As he opens the bottle, the young man suddenly visualizes how the evening might end: He's at the wheel, drunk. In an instant, the car is out of control and hits another car with a mother and several young children. Suddenly, the young man is back at the party, staring down at his untouched beer. "You all right?" A friend asks. "Yeah." he answers, putting down the bottle. "I've got to drive." Then the screen fades to black, replaced by the simple "They've heard the message message: Think before you drink. before, but were they listening?" "I wanted to do something asks Rolayne Fairclough, spokesreally gritty, that felt real," said woman for AAA Utah. "No matMaselli. "A lot of times other ads ter how important the topic, if for public safety end up being too the target audience tunes you sterile with their approach. They out, you don't accomplish anydon't speak lo young people/' thing. This video grabs young viewers and forces them to pay Many teenagers have been bombarded with information attention. We hope it will help about the dangers of drunk driv- prevent injuries and save lives." ing, but it's not always clear that AAA Utah offers a wide array il actually makes a lasting of automotive, travel, insurance impression. That's why AAA and financial services to more Utah is taking a new approach in than 130.000 members. AAA has trying to educate young drivers been a leader and advocate for about a problem that claims more the safety and security of all travthan 17,000 lives every year in elers since it was founded more the United States. .i -than 100 years ago. www.parkrecord.com www.parkrecorcl.com www.parkrecord.com www.parkrecord.com Experlewsd and Reliable Large Selection of ReadyMade Origindly a ski bum, Jim Dekmty moved to PGA City in 1972 from FJ{uTon r Co.lnl976he storied framuig for The Family Jewels, discovering he hod G tolenl lor colt* and design. In 1984 Jim struck out on his own and opened Right Angle Picture Framing in me old "Stai Meors* locotfon at 517 Mom Sneer. "The emire shop wos in the mart kxkei portion of the bidding* ecals Jim. In 1994 Righr Angle moved la its present (ocation at 1240 lion Horse Drive where there WDS plenty of room ro grow and plenty of porting lo go along with it. T PICTURE FRAMING 1240 Iron Hone M w Park City 649-3640 invisalign STRAIGHT TEETH. NO BRACES. Receive a FREE cleaning, exam and teeth bleaching treatment p l a n . (Over a $400 value) S. Scott Kimche, DDS, Inc. Family and Cosmetic Dentistry, invisalign Certified 1901 Prospector Ave., Ste. 26 Park City, Utah Mount Air Cafe " " • - - A present to last a lifetime. package for those who participate in an invisalign* RIGHT ANGLE , 645-8500 Offer good until Docornber 31 i l f 2004 Qt Silver Lake Come join us for another Wonderful Winter Menu & Season! 9 4 0 . 0 8 0 0 / 7580 Royal Street East / Silver Lake DINNER. RESERVATIONS SUGGESTED COMPLIMENTARY PARKING PARK CITY REAL ESTATE AND YOU THB C r a i g Reece, C R S Family Restaurant Since 1979 Breakfast, Lunch & Dinner Specials Daily * Open 7 days a week * Great family menu '* Breakfast served 6 a.m.to 9 p.m. Park City Jet. 224 & 248 East 649-9868 IN REAL ESTATE ARE YOU AFRAID TO BUY? HOME WARRANTIES: TO BUY OR NOT TO BUY J BY MlCHAKL L\I AY Home warranties cover a home's major operating systems typically for one year after the home's sale is closed. Items covered include plumbing, healing and electrical systems, most built-in appliances, and water heaters. Optional coverage is available in some plans to include such items as air conditioners, pool equipment, washer-dryers and refrigerators. This form of coverage has been steadily increasing in popularity over Uie past couple of decades. The proportion of homes covered by a warrant)' plan following its sale has been climbing at points throughout Uie country. We attribute the strong acceptance of home warranties in die marketplace to the fact that warranties are no longer perceived as just "another closing cost.' In fact, a warranty contract is now recognized as a valuable product dial helps protect the consumer's budget while providing a needed convenience in our crowded lives. Homebuycrs utilize their home warranty protection an average of twice during the first year, and over 50 percent of buyers request extended coverage beyond the first year, according to home warranty industry reports. In addition to saving money in the event of a malfunctioning mechanical item in the home, warranties are often effective in preventing litigation when problems surface. For rock solid advice on buying or selling real estate, call Craig Keece at 435-647-8017 or toll free at 1-800-5534666. Craig has been a full time Park City resident since 1973 and a full-time real estate agent since 1978. Many non-homeowners are renting because of fear. Fear of the unknown...the possibility of being turned down for a loan, getting in too deep financially, not being able to come up with a down payment, making a poor investment. Each of these fears is common to first-time buyers. But let's look at the positives: Over 85 percent of potential buyers qualify. Your lender wants you to afford what you buy and is unlikely to approve a loan you can't pay. . Down payments range from zero to around 20%; chances are you can find a fit. Homes continue to be the most solid investment possible, since you get the benefit of shelter as you watch your investment grow. © MICHAEL LAPAY (fc Prudential Utah Real Estate Sadiilcview Office Park 2200 Park Avenuo, fildg D Park City , UT 8-1060 The Prudent! end® www.DeerValleySpecialist.com, Craig@DeerVaIleySpeciaIist.com (435) 647-8017 • (435) 649-7171 (800) 553-4666 ore reglG)«ed wrvice merits of Tho Prudential Insurance Comftoriy o* America. Equal housing opportmity. Each company mdepoodenOy ownsd and o p w a l a d MOHLB 435.64.O.57OO OFHCE: .(35.6558600 580 MAIN STREET, PARK CITY Prudential VIRTUAL TOURS: WWW.PUREUTAH.COM Utah Real Estate E-MAIL: MJ.APAY@PUREUTAH.COM |