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Show PACK 6 I I DKNT REAL ESTATE WEEKLY Tl M IK Farm Bureau urges farmers to move quickly to avoid penalty Southwest Furniture Jewelrt Pottery Rues Kachinas Baskets Sculpture Utah Farm Bureau Federation officials urge Conservation Reserve Program (CRP) contract holders to consult with their tax accountants soon to avoid income tax penalties. An U.S. appellate court ruled late last week that farmers must pay a tax if they receive Sand Paintings Utah's Largest 8l Finest Selection nt First South & Main - Moab UT 435-259-81- federal Conservation Reserve Program payments. The ruling could cost 18 e mail: cbarlasal net Let Coldwell Banker Arches Realty become your Real Estate School'! You can now take up to one half of required classes here in our Moab Office. Please call for ext. 110 or 116. Branch of Stringham Real Ewstte School details ready for your dream home. CC&R's apply for your protection. $43,000. Call Kelly - Ext. 113 LAND 1530 OVER ONE ACRE WITH GOOD VISIBILITY. Close to town. Zoned Numerous possibilities. $150,000. Call Joe Ext. 117. 259-569- 2491 A MUST SEE! I lome features new A-- L kitchen, fenced hack -- yard, auto sprinkler system, farmers in Utah and across the country thousands of dollars and force them to amend as many as four years worth of tax returns. The CRP program is designed to control erosion and provide habitat for wildlife. Utah farmers have CRP interests on approximately 300,000 acres of farmland. This is a nightmare not just for farmers but also for their taut advisers and farm tax attorneys, 6aid Roger McEowen, a professor of agricultural tax law at Kansas State University. The question about how to treat CRP income stems from a 1996 Internal Revenue Service audit of an Ohio couple who filed 1992 and 1993 tax returns showing $17,000 worth of CRP payments as rental income - income exempt from the tax. The IRS audit showed that because the couple also had other land they fanned for income, they owed a 15.3 tax on their percent CRP revenue. Tine couple appealed to the U.S. Tax Court and won, but that appeal was overthrown. McEowen and other agricultural tax experts say farmers who may be in a similar situation do not have much time to have previous tax returns amended and refilled. CRP income on a farm return is now an audit red flag," McEowen said. Farmers who need to file amended returns need to do it right away because they can count on facing penalnt - - u ; - t garden room, k.. .,. rrapst'arti 4 bdrm, plenty of storage. Walking distance of schools. Call Cindy - Ext. 119. RESIDENTIAL above town. Views that you cant beat. 3004 1999 MOBILE HOME Must see a the custom features! located in Grand Oasis. Vacant and $219,000. Call Kelly - Ext. 113 2147 FIVE ACRES OVERLOOKready to move into. Financing 2929 COMMERCIAL LISTING. available. $24,900. Call Dan or Bill ING ALL THE VIEWS!! Workshop, Custom craft located at 389 S. Ext. 121 tool shed, 2 bdrm remodeled mobile Main. Versatile building (approx- 64 2976 OLD TIME FEEL NEAR home. Excellent well. $124,500. Call x showroom, office, shop with 60), DOWNTOWN! Large lot with two Joe - Ext. 117 Ave. Plenty access to Grand 6treet homes. Big trees, andor FABULOUS SANTA FE 1920 of for a parking Adequate space. rental income. $110,000. Call Kelly STYLE 4 bdrm home, 2 bdrm cottage, of business variety opportunities. Ext. 113 bachelor apartment on 6.5 acres $400,000. Call Bill - Ext. 121 FOR Moab Golf Course. the 2966REDUCED overlooking 2798 BOBS DRIVE AND QUICK SALE! Newly remodeled, Spectacular views! Call Dan - Ext. 12 1. PUTT and miniature oak cabinets, carpets, furnace, Be your own boss! All set to go. golf. LAND appliances, fireplace, dining room, Just off Main in Green River. 3037-303fenced yard, new roof $106,000 Call OWN TWO SECTIONS $57,900. Call Kelly - Ext. 113 Adair-Ex122. OwnerAgent. IN THE BOOK CLIFFS! 640 acres 2549 BED AND BREAKFAST 2959 FABULOUS 3 bdrm, each, buy one or both at $249,000 per OPPORTUNITY. Established condo on the Golf Course. Fursection. Remote mountain and desert Moab business in downtown nished. Currently in the nightly property. 25 minutes from Grand for touch. 4 personal waiting your rental pool. $182,500. Call Kell y Junction. Call Gayla Ext. 116 rooms and bdrms for the rental Ext. It 3 3008 SUNRISE VIEWS of Behind 2928 LARGE HOME ON HIGH-LANthe Rocks. Protective covenants. Build family. Plenty of space for both business and family. On 12 acre, DRIVE. Super views! 3 your home in prestigious Kayenta, this is a must see property. Call bedrooms, 34 acre lot. Wont last. Heights. 2 acres with water well Dan - Ext. 12 1. See now! $145,000. Call Kelly - Ext. permit. $65,000. Call Gayla - Ext. 116 113 2905 CASTLE VALLEY SPLENSAN JUAN COUNTY 2770BEAUTIFUL CUSTOM DOR. Lot 46 is a 5 acre parcel to build PROPERTIES HOME! Lots of local rock, wood and your dream home with views only seen BUSINESS 2930 OPPORTUin movies. Power and phone to property unique features. Over 12 acre With NITY IN BLAND ING. Profitable, animal rights. $179,000. Call Kelly line. $47,000. Call Joe - Ext. 117 food restaufast known nationally 113 Ext. 2736 DEVELOPER OPPORTUwith rant income. Possible good 2742 YOUR WORLD IN ONE NITY! 60 acres in Ca3tle Valley. Several owner financing. Up to 16 years PLACE! 3 bdrm, 1 bath home, building sites or build a dream home. remaining on lease. Asking $95,000. Power, telephone, well. Paved access, green house. 2,000 sq. ft. shop, 2 Call Joe - Ext 117 or Dianne in the fabulous views. Call Joe - Ext 117. acres, rental apartment. $124,900. Monticello office for details. Will sell home only for $69,900. Call 2590 POSTCARD VIEWS! 5 acres Shows Pride of Ownership in Castle Valley. Excellent property to Teague. BEAUTIFUL HOME 2686 3 Joe D. Kingsley, A Dan Hofyoak, with amenities to please the heart. 3 -Sommer Johnson, 5 Adair White, Kelly Stelter, bdrm, 3 bath brick home. Large 4 Gayla Williams, Cindy Kingsley, open floor plan, custom wood work Dianne Nielson, Monticello, Many extras. Call Dan - Ext. 121 LARGE FANTASTIC 2592 2 Ted Royer, Blanding, SOUTHWEST HOME on the hill Bill Adair, Moab, Teague Eskelsen, Reg. Appriser K 1 -- - get-awa- y -- Go-kar- ts 8 t. -- ties if they dont. Considering the volume of this, tax consultants are going to be working a lot of extra hours." The Utah Farm Bureau is the largest farm and ranch organization in the state with more than 22,000 families. Its mission is to improve the net income of the states farmers and ranchers and the overall quality of life in the state and nation through political action, educational and informational means. D Don't Go Out cl Town for FYintinf 3LcilYu Cn Have It Done at The Timc&Indepcndent More efficiently and More affordably. -- -- 259-60- 34 253-233- - 9 - 259-761- 259-48- 259-510- 43 259-383- 1- 5 678-277- 6 - Tree quotes 259-603- 587-258- 259-425- 7.W 666-228- 4 m Complimentary 35 Lay-Ou- and Design t I Center 259-152- 5 |