OCR Text |
Show LIFETIMES .Aug. 23, 1991 19 Hilltop Times UEVJS BRIEFS Interest rate down en home loans UFederal tax refund information home loans totalling nearly $16 billion. The home loans can be used by qualified veterans, service members and surviving spouses to purchase, improve or refinance a house or condominium, and to purchase or refinance a manufactured home. The Department of Veterans Affairs lowered its maximum interest rate for home loan guarantees from 9.5 to 9 percent, VA officials said. The lower interest rate took effect Aug. 12, and marks the third time this year the rate has changed. VA officials said the home loan change comes in QPay taxes en installment plan response to current market conditions and marks a Taxpayers who owe additional tax when they pre turnaround from as recently as June 17 when the pare their tax return should file and pay the Interdepartment raised interest from 9 percent to 9.5 nal Revenue Service what they can, even if they percent. cannot pay the w hole amount. If they are unable to Reducing the rate means that monthly payments pay all, or even some of the amount they owe, they on the typical VA loan of $80,000 would drop from may qualify to pay these taxes on an IRS install$672.69 to $643.70. This represents a potential sav- ment plan. ings to the borrower of more than $10,000 over the Installment agreements have long been a method life of a loan, VA officials said. IRS uses to collect back taxes, but it wasn't until Also, effective Aug. 12, VA decreased by f the Tax Reform Act of 1986 and the "Taxpayer Bill of a percentage point the rates for graduated pay- of Rights" that installment agreements became part ment mortgages to 9.2 percent, home improvement of the IRS tax code. loans to 10.5 percent, manufactured home loans to For more detailed information on the IRS collec11.5 percent, manufactured home loans to tion process and installment agreements, ask for free 11 percent, and manufactured home and lot loans publication 586 A, "The Collection Process (Income to 11 percent. Tax Accounts)," or Publication 1, "Your Rights as In fiscal 1990, VA guaranteed more than 196,500 a Taxpayer." Call 30-ye- According to the Internal Revenue Service, if you file a conventional paper tax return, you can expect to receive your refund within six to eight weeks. If you file your return electronically, you should receive your refund within three weeks of the filing date. The IRS says that after eight weeks from the date you filed your return, you can use the automated refor an instant stafund inquiry system, Tele-TaThe refund. on tus report system's your tax x, toll-fre- e The IRS stresses that if you move after filing your tax return, you should be sure to notify them of your new address by filing a Form 8822, "Change of Address," and giving your forwarding address to the U.S. Postal Service. ar one-hal- lot-onl- Last year, more than $124,000 in refunds came back to IRS as undeliverable from Utah taxpayers. Form 8822 can be obtained by calling IRS toll free y toll-fre- area is telephone number in the Utah at e, II COMPLETE DENTAL CARE WE ARE PROUD TO ANNOUNCE THAT DR. JEFFERY WOOD HAS JOINED OUR PRACTICE. WE NOW OFFER SATURDAY i EYENING APPOINTMENTS. & bleaching Cosmetic istom dentures, crowns and bridges odontics for children and adults iwy.itered dental hygienist-sealantT M.J. Nitrous Oxide and earphones dentistry-bondin- r s i99i mszna 323 W '256232, auto, transmission, COWARDS mm W3ZDB PROTEGE 8 1845 West 4400 South Roy Clive C. Ingram, D.D.S., P.C.-Gen- eral Dentist K. D.D.S. General Dentist Wood, Jeffery power steering. 1991 731-552- II IB1!? cass, power steering, tilt wheel. intermittent wipers, floor mats. AM-F- 287145 Vn. V .! V ll. M .i .mi mm , in .., ., ,. , ii. .,n,lll ' Ml I. F X Save on the best! ON PROTEGE & 626 1991 rnazna t A aTK II Ufl ft 1 III 11 626 Air conditioning, AVFM cass 1 1 mats. III stAur aube Tony control. Boor 1 v;t7k Ik 0 Lama boots are a better Compare style, quality of materials and the time and skill devoted to handcrafting America's favorite Western boot and you'll see why we carry them on our shelves. w I MOTOR if wr r 0 TRKNn It WAV. to TRUCK o r ! OVER U COST 99 p. Jr A'; ... t YEAR Price after rebate, if any, plus tax and Dcense, 53 - New shipment just arrived in Cross's Boot Corral From ffiSEZBS NAVAJOS I.9.9.I J f O AC in Eeuofrebafe mm 2246 Washington Blvd. 394-577- 3 J |