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Show THE SAN JUAN RECORD Thursday November 10, 1983 Clhmlfos, ALTERNATIVE MINIMUM TAX (Complicated - Dont Get Trapped) LYMAN AND THOMPSON, CPAs BLANDING, UTAH Good tax planning usually Involves sheltering some of your income via long-ter- m capital gains, accelerated depreciation, investing in certificates, etc. Such items are given favorable tax treatment and are therefore called tax preference items. Taxpayers with large amounts of tax preference items may find themselves subject to the expanded alternative minimum tax and find that the favorable tax treatment they so (AMT) aggressively sought is diminished considerably. Generally, here's how the new AMT is calculated. You begin with tax adjusted gross income and add to it the 60 deduction (the preference items: your capital gain you exclude from regular tax), interest from certificates, the $100$200 dividend exclusion, the bargain element of incentive stock options, certain accelerated depreciation, percentage depletion, intangible drilling costs, and others. From this total, you subtract an exemption, $30,000 if you're single, $40,000 if you're married filing a joint return, plus your charitable contributions, your home mortgage interest, casualty losses, medical expenses exceeding 10 of adjusted income, other interest to the extent of total net investment income and a few other miscellaneous deductions. The balance is your alternative minimum taxable income subject to a 20 tax rate. If the tax so calculated is larger than your regular income tax, you are required to pay the higher amount. Very few credits can be used to offset the AMT, so don't count on sizeable investment credits, targeted jobs credit or other such credits to eliminate this tax. The AMT is one of the most complicated provisions in the tax law. If you think you may be faced with it, you should definitely review your situation with your accountant. all-sav- ers so-call- ed Bluff Christmas fair Ewenufts WoirEsslhiops, the saddest stories The Bluff Womens Club will hold their Second Annual Christmas Arts and Crafts Fair on Saturday, December 3, from 9 a.m. to 5 p.m. at the Bluff Community Center. Booths are available at a nominal fee. For booth space please contact Donna Anderson at or Linda Sosa at before November 30. 672-22- 16 672-22- 71 Cancer Society Great American Smokeout all-sav- ers I cdvartisiii you ivcuMift taira. Wrtfii&iit a Thursday, November 17, is the day to mark on your calendar as it is the day set aside all over the nation for The Great Smokeout. American The American Cancer Society is to quit for smokers all asking the 24 hours of that day. The honorary chairperson in the North San Juan Unit this year is Judy Krouskop, the County Health Nurse. She wiU be happy to talk to anyone about the Smokeout and she has some "Quit Tips available at the health office. As a activity, pre-Smoke- Walker on November 16 at 7:30 p.m, at the MonticeUo Elementary School. Thepublic is invited. Contestants for the Pinky Lung Show must be 19 years of age or older and be willing to tell r ? (33) I W 1 I I out there wiU be a game show, "The Pinky LungShow,mc,dby Danny I 03 Love Lucy Jimmy Swaggart of about why they cannot quit smoking. The 587-27- 587-26- 27 5:00 (3) Business Times on ESPN GD 6:00 (33) Livewire (3D 5:15 5:30 CD (ID 03 CD 2:00 Jeannie CD 6:30 G3) Starcade GD CD CD CD Superfriends Tom & Jerry Sesame Street Bewitched CD CD 3:30 not... 03 CD 4:00 ffoir AFTERNOON Delay! Call Us Today! 12:00 (3D 03 Family 03 Sesame Street 4 CD CD 12:30 Sign up deadline is Sign up deadline is Friday Friday November 18 4 p.m. THE DISNEY CHANNEL Family entertainment you can trust. Dick Van Dyke (3D 1:00 (33) (33) GD CD CD GD News One Life to Live Dustys Treehouse SuperStation Funtime GD I Dream of Jeannie CD Heres Lucy CD Mr. Rogers Neighborhood CD Guiding Light CD General Hospital GD Match 03 GameHollywood Squares Hour Varied Programs 1:30 G3) Flintstones GD Bugs Bunny MOVIE: Modern Problems MOVIE: Adventures of TX Pat Benatar in HBO Rock: Concert Eight Is Enough Days of Our Lives Livewire Beverly Hillbillies Laverne & Shirley & Co. . Pink Panther Show Electric Company Little House on the Prairie One Day at a Time Masters of the Universe 10:30 11:00 03 G3) MOVIE: Tourist MOVIE: Enigma MOVIE: Gallipoli MOVIE: The Fighting 69th AFTERNOON 12:00 12:30 International Kapalua Golf: Final of Championship Round from Maui, Hawaii MOVIE: Urgh: A Music War Flashback: Last Voyage 1:30 Morro Castle 2:00 2:30 Cincinnati Scooby Doo ESPNs SportsWeek MOVIE: Adventures Sherlock Holmes of Top Rank Boxing from Las Vegas, NV MOVIE: Modern Problems MOVIE: Try To Catch A CD Saint MOVIE: Jinxed HBO Rock: Pat 4:00 Benatar in Concert 5:00 SportsCenter AdventureSherlock Hound ESPNs Inside Football 5:30 Portrait of a Shoplifter Tonight Black Beauty Good News Teen-ag- e EVENING Jeffersons MOVIE: Enigma NFL Game of the 6:00 Week The Third Eye 03) MOVIE: Bless the Beasts and Children Business Report 09 MacNeilLehrer Newshour CD CBS News CD ABC News CD GD Threes Company Andy Griffith Varied Programs ESPNs Sportswoman Mesquite, Rogers 3-2- -1, 5:30 Lucky Me (ID MOVIE: Sherlock Holmes Contact Barney Miller Newscope 5:00 Varied Programs (33) Carol Burnett GD Barney Miller Little House on the 03 Prairie CD Weeknight CD Contact Todays Special of BMX Bicycle Motocross from Las Vegas, NV 10:00 Professional Rodeo from Mr. CD MASH CD Entertainment CD GD NBC News Killing Randy Webster SportsCenter ESPNs SportsWeek SportsCenter Australian Rules Football: Collingwood vs. Fitzroy G3) MOVIE: Back Street MOVIE: Cheech and. Chongs Nice Dreams Portrait of a Teen-ag- e Shoplifter 9:00 1, Blanding and MonticeUo November 18 4 p.m. 8:00 8:30 Muppet Show Movie All In the Family The Tomorrow People CD CD CD CD GD each town to bring The Disney Channel to 587-201- 7:30 GD WKRP in We need 80 subscribers in Blue Mountain Cable 6:00 6:15 6:45 7:00 Rogers Neighborhood CD Sesame Street CD Charlies Angels CD GD Peoples Court Varied Programs 4:30 We have 65 Disney subscribers in MonticeUo and 65 Disney subscribers in Blanding Association The MOVIE: GD CD CD Mr. dhnrnsftmmsis? Dont G3) -- will sponsor an Energy Show. The show will be in the Denton Room at Empire Electric in Cortez. The public is invited from noon until 10 p.m. The show will feature new ideas in using electricity wisely. Neighborhood News Todays Special Ute Electric Colorado Brady Bunch Scooby Doo GD ey Empire Electric Association and GD Alvin & The Chipmunks CD Weekday CD Gourmet Cooking CD Laverne and Shirley CD Edge of Night CD (ID Another World CD Varied Programs GD CD CD CD November 15, On Tuesday, Munsters (33) ID) 03 on Energy show in Cortez Andy Griffith Polka Dot Door Black Beauty 3:00 Bozo Show 20 Minute Workout CD CBS Morning News CD ABC News This Morning Farm Report (33) I Dream of (3D Bullwinkle small brush. Everyone is invited to come join the fun and the work. Please bring pruning shears, your lunch and your muscles. Join Annie for an evening of 03 Top Morning at 9 am. Most of the heavy work has been completed and the day will be spent primarily in clearing fun! (3D SuperStation Funtime work day is scheduled for Saturday, November 12, at the Blue Mountain ski lift starting A Band. CBS Early Morning CD Morning Stretch CD (3D NBC News at Sunrise Varied Programs ffi CD Ski lift work day admission charge, Shelley Bayles will star as Annie with Dr, Benedict as Daddy W arbucks. Linda Chamberlain is cast as Miss Hannigan; Linda Smith as Lily; Steve OJsen as Rooster; Cory Perkins as Grace; plus a large supporting cast of orphans. The play is directed by Duane Lyman, choral director is Pete Henderson, and accompanyment will be by the Francis Lyman G3) MORNING 27. The Blanding Stake is proud to present Annie on Friday and Saturday, November 11 and 12, at 7 p.m, at the San Juan High School auditorium. There is no 2:30 News The United Methodist Church Dove Creek wiU stage its annual bazaar and chili lunch this Saturday, November 12, at the churchs FeUowship Hall, A variety of crafts, handiwork, baked goods, preserved foods and produce will be offered for sale, beginning at 11 am. The public is invited to attend. of Annie in Blanding Today CD Bazaar and chili lunch audience will determine the winner by applause vote. The winner wiU receive a big turkey donated by Rogers Foods. If you would like to be a contestant, please call Ann Sharp at or On Great American The Smokeout day, there wiU be a balloon release on the south playground at the elementary school at 12:30 p.m. The fourth, fifth and sixth graders will write notes to be put in the balloons on why a person should not smoke. (33) WEEKDAYS - Page 13 St. Ives CHiPs Patrol GD MOVIE: 03 MacNeilLehrer Newshour CD GD News CD Auto Racing 83: Formula I 6:30 South African Grand Prix Fraggle Rock The Tomorrow People CD Business Report CD Prime Access f CD Family Feud ' CD CD FRIDAY 111183 MORNING 5:00 5:30 Business Times on ESPN - MOVlEK'Enigma , V--. v- - i .. t. jSvji vi |