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Show HILL TOP TIMES August 2, 1974 Where care You filed your 1973 federal income tax return a while back, so now that's out of the way for another year. But wait a minute! Where are your tax records? look over your tax accounting methods, for no one should remain under the illusion that bits and pieces of paper thrown into a discarded shoe box can be considered proper JUST as certain documents were essential for you to fill your Form 1040, they may well be necessary for you at some time in the future. Obviously, if this year's tax return is selected by the Internal Revenue Service for an audit, you will need those records to show how you determined what you thought to be the correct tax due. Even if your return is accepted as filed, for your peace of mind and good business practice, you should keep all tax records as long as they remain useful to you. out THE law specifies only that you must maintain records required to establish the correct amount of income, credits, deductions, and other matters to be reported on returns. This means that you should keep all information that will substantiate the items claimed on your tax return. There is no requirement as to the particular kinds of records for tax purposes, other than that they must be records at tax time. RECORDS are required by records-bu- t te good records should be required by you, the taxpayer, since frequently the difference between some documentation and good recordkeeping is income tax savings. The IRS recommends that taxpayers carefully keep track of such records as medical related expenses; state, local, and property concharitable taxes; and interest tributions; finance charges; disabled However, it might pay to is It depending on the information documented. In general, records must be retained as long as their content may be material in the administration of any internal revenue law. RECEIPTS, you sell. '' canceled losses or thefts. How long should you keep records? establish your cost basis when someday. Also, retain copies of your previously filed tax returns as a part of your records. They help in preparing future tax returns as well as in such computations as filing a claim or income for, refund averaging. contributions; business and educational reimand expenses; bursements for casualty tax home and its major improvements, for example, should be maintained to varies, dependent and child care; political im- portant during these three years because under the law, the IRS can audit individual income tax Teturns three years back when errors are suspected. There are other tax records that should be kept longer than three years. Records of how much you paid for your should retain indefinitely records of costs of any stocks, bonds, or other investments so you can similarly compute gain or loss when you sell. And records should be kept on any property received by gift or inheritance so that you may determine tax permanent, accurate, and complete. checks, and other records supporting a deduction, credit, expense, or item of income should be kept at least three years from the due date of the return or the date the taxis paid, whichever is later. Record-keepin- g law-adequa- 23 reco flcax your Page YOU due if you decide IMI Ik n EST? from mowing grass from painting the house . . . . . . COME SEE US FOR "LEISURE to sell LIVING" AT A VERY LOW PRICE Award given COLORADO SPRINGS, Colo. (AFNS) - Lt. Gen. Royal N. Baker, Aerospace Defense vice Command (ADC) commander, received the highest award which the Federal Republic of Germany can bestow on foreign military people when he was awarded the country's Grand Cross with Star of the Order of Merit at ADC headquarters here. Officiating was Herbert ilamm, Federal Republic of Germany consul in St. Louis. The general was honored for his achievements as head of the U. S. Military Assistance Advisory Group in Bonn, Germany, from February 1971 to December 1972. flf-'ySf- h ?'r7l ITU umiiG Precautions can prevent tragedy Use lighting fluid sparingly and only those prepared for charcoal lighting. Never use gasoline, paint thinner or other volatile substitutes. Keep flammable liquids and other combustible Keep children away from the grill. Loose fitting clothing can easily be swept into the fire, and most clothing will bum. to dress properly when going into the woods. Let's hope that P.arbie Newsom doesn't run Into anything that would mar her pretty complexion. ZrVWO STANDARD FEATURES . with- ou- - tomatic 27,400 Ihre bedrooms, hl' 2 firePIoc- - Three bedrooms, 2Vi baths, family room. room. famiy door 2 SISO 30,750 j-- j-'" cleaning oven Air conditioner Trosh compoctor Carpet Clubhouse Four Saunas Game room Heated swimming 2 room 2 Four bedrooms, 2Va baths. bedrooms, b0' imty fireploces. 31,6o0 3!$QQ Dishwasher OPEN .wy MONDAY THROUGH SATURDAY Place grill on a noncombustible surface. (A painted picnic table will char as easily as bare wood.) Remember Vi bedrooms fu baUment. 2 lace, full basement. 24,900 . Garage TOWNHOUSE bedrooms, firep- - Two Disposal materials a safe distance away from the grill. ALK 2 full baths,, large balcony. Two bedrooms, . Once a fire has been started, never add flammable liquid to it. W MANOR PENTHOUSE Barbecuers beware of using any metal shelving for cookouts unless it is approved for that purpose. According to the Air Force's Medical Service Digest, several deaths have occurred from barbecuing on old refrigerator shelves. Many of these shelves were cadmium coated and the cadmium released during the heating transferred the poisonous fumes to the cooked meat. A few precautions on the part of the outdoor chef can lessen the chance of tragedy. WATCH WHERE YOU EE Use charcoal grills and hibachis in areas away from the house to reduce the chance of accidental carbon monoxide poisoning. Burning charcoal does emit this unseen deadly gas. well-ventilate- d 10 TO 6 located ot 1600 East 700 South, V (Ll800tC PHONE tori Or Myn Sparrow Kan Fewier Store charcoal in a cool, dry ventilated area. Damp charcoal can ignite spontaneously. (fTv Clearfield, Utah 621-24- 1.704-986- 2 8 Realty 825-780- 0 & or i l) 3,rf4rt!i wi'TVlS ConstrucflOfr 825-306- 6 AMH Dv towoo J71-26&- f 4 ttt-lSt- t , f |