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Show Sun Chronicle. February 2, 1980, Page 14 IRS renders decision of Utah property tax rebate Roland V. Wise, Saif Lake District Director for the IRS announced today that the Internal Revenue Service has decided that the Utah Kxcess Revenues Return Ac, which provided for payments for payments to eligible state homeowners and renters, provides a tax rebate and is therefore taxable under specific situations. The National Office of the Internal Revenue Service cited numerous sections of the Internal Revenue Code, in rendering the decision. were Four situations cited, based on the Code, and they are as follows, Director Wise stated: Powerfulnti-itc- Situation homeowner who receives a rebate of real A A paid, for which an itemized deduction was claimed on a prior year federal income tax return, must include the rebate in gross income in the year received to the extent of any federal income tax benefit, in accordance with section 111 of the Code. In addition, to the extent the rebate exceeds property tax paid, such excess is includible in gross income. Situation receives a rebate of real property tax previously who paid, for which an itemized deduction was not claimed on a prior year federal income tax return, is not to include the required rebate in gross income, h to the extent the rebate exceeds property tax except paid. Stop itching fast of external vaginal, rectal, and other skin conditions Doctors find even severe itching can be treated with a special drug. You can h now get this drug ingredient with no prescription in BiCOZENEv Use only as directed The medically proven creme tor anti-itc- Situation homeowner A 3 the homeowner itemizes deductions on a current year federal income tax return, the amount of the section 164 deduction for property tax paid must be reduced by the amount of the rebate. Situation 4 A tenant who receives a rebate of rent paid is not required to include the rebate in gross income because the rebate is in the nature of a return of a previously nondeductible item (rent) paid by the tenant. homeowner A 2 Kindergarten registration if tax previously property receives a rebate of real property tax in the year the real property tax is paid is not required to include the rebate in gross income in the year received, except to the extent the rebate exceeds property tax paid. However, who Wise stated, Basically, If a homeowner claimed their property tax as an itemized deduction, then they must report the amount of the refund as a gross income this year. A renter, or homeowner who did not claim a property tax deduction, does not have to report the rebate as gross income. Those who have already filed their 1979 Federal return, may have to file an amended return (form 1040X) to comply with the IRS decision. These forms are available at all IRS offices. itching BASEMENTS FINISHED AND ROOM ADDITIONS Students to Deadline for startcarpool The Weber County School District has sent letters concerning registration for kindergarten classes next children in year to the parents of all kindergarten-ag- e the area. The letters outline the dates when the children should register for kindergarten. Parents who have not received such a letter should contact the elementary school in their area immediately to give the name of their child to the school, according to a Weber County School District spokeswoman. The kindergarten classes are open to any child who will be five years old before October 31, 1980. forms near must provide with a completed Wage and Tax for Statement, Form W-1979 by Jan. 31, 1980, the Internal REVENUE Service says. If the Wage and Tax Statements are not issued on time, employers may be penalizing employees who will have to wait until February or later to file their tax returns, possibly missing out on the faster refunds available to early filers. For additional information on the proper distribution and handling of Wage and Tax Statements, employers may get a free copy of IRS Publication 15, Circular E., Employers each employee 2, TEMPLE WEST CONSTRUCTION 1 2173 ORA NT 393 - 3334, 393-576- Ul Ik I WWI 1 WIMh I ET, AN ENERGY D N Army in October 1969. He received a bachelors degree in 1978 from the University of Wyoming, Laramie. His parents, Mr. and Mrs. Richard D. Dickinson, live at 2082 W. 4450 S., Roy. The biggest variable in household energy savings is the number of children in that house, said Leona Windley, of the Utah State University Extension Service, department of family life. Mrs. Windley made those comments during an Energy Education Workshop at the Annual Conference of the Utah Adult Education Association and the Utah Community Education Association held Jan. 24 and 25 at Weber State College. According to Mrs. Windley The domestic practices of everyone within a household has a bearing on how much energy is saved there. 4t 4t Cult 4 nolsa Rt Fights insurance companies describe the contributions as being non deductible. In PanUs slide tiddly. Cannot stick, bind, or iam 479 0680 All responsible the addition, billings frequently contain a notice that the portion identified as is not a contribution D1 Moisture Cold S Heat panels lift out for eaaycteanlng Use your pres ent windows Inside Inetelletion From feet, hands, elbows. Doctors find that hard, thick calluses often can be softened and removed medically. The same ingredient doctors find so effective is available in widespread non compliance due to improper deductions of the portion identified as DERMASOFT Medical Formula for Hard Callused Skin. doctors as clients, should be alert to the foregoing to States, disclosed have prac- the filing season many and special problems which tax arise priorities practitioners must deal with. Consequently, we have followed a policy of by IRS in certain areas of the United No,M Dust tax titioners. Most of you are very cooperative and helpful in the solution of mutual problems. We are very much aware of the fact that during Test checks, . 0 Outside f1 snwin The mission of the Internal Revenue Service would be considerably more difficult were it not for the assistance of knowledgeable t and deductible. REDUCE pension plan. Employers should enter yes in box 14 of Form W-- 2 if the employee cooperation reasonableness contributions. capital Practitioners, who have and when contacts with tax practitioners. Despite this making however, policy, prevent or correct such improper tax treatment. our examining officers during the last filing season ex- - perienced delaying : tactics from some tax practitioner. Therefore, it is appropriate to review Circular 230 which deals with the rights and duties of at- - torneys, certified public accountants, and persons enrolled to practice before Revenue the Service, deals with Procedure the same subject with respect to the privilege' of limited by practice unenrolled preparers of tax returns. The following Secions of Circular 230 are pertinent: (D Section 10.20 (a). No attorney, certified or public accountant, 68-2- 0 enrolled agent shall neglect or refuse promptly to submit records or information.., upon proper and lawful request... (2) Section 10.23. No attorney, cetified or public accountant, shall enrolled agent unreasonably delay the prompt disposition of any matter... Revenue contains Procedure similar provisions. 68-2- yerforrqsr Five minutes two fingers and one Kimball organ and mmosaaaaQegibcans to iimbb Revenue Save $600 NOW ONLY . . $1 ,995 0ny amount for of time preparation FEEN-A-MI- Efp foyrM frff2Xy5IlwlI3Cl!l!X3Jil!X!Xl) 3 of the material with UT Laxative Pills Contains a mild stimulant plus the softener most recommended by doctors. 1788 Wit 5300 So., Roy 825-353- 4 or 6, provides guidance with respect to qualified cash or deferred arrangements. It, is described in Section 401 )k ) of the Internal Revnue Code. The ruling states that a' plan, in-- , a eluding qualified cash or. deferred arrangement under need not; Sec. 40l(k)(2) subject amounts attributable profit-sharin- g to contributions made plan years 1980 before beginning DAILY our beautiful showrooms. Thurs. thru Sat. only - Open 1 06 OFF Visit Plain CHyNorth Ogden Exit) to for non-- , and; forfeitability restrictions' distribution added by the Revenue Act of provided separate accounts are maintaned. 1978, ; ; GOOD THRU FEBRUARY adequately your client. Rather, what is reasonable will best be determined by facts and circumstances. It represent is not expected that you drop all other activities in order to attend the examination; however, all other activities should not be given priority over the examination. You should understand that our examination acv tivity must proceed during the filing period. In particular, we cannot honor to delay the request examination because you desire to have someone present throughout the examination and are unable to spare a person for this purpose. Field examinations should on the conducted the of taxpayers premises business. We find that this expedites the examination be all relevant because documents will then be readily available. It is our the that experience unavailability of underlying the practitioners office will delay the completion of an examination. We solicit your cooperation an in facilitating examination on your client's premises. We are confident that with the continued data in cooperation of all concerned, our mutual problems will be satisfactorily resolved. Gat rosults from tho classlflod ads is now serving HOT LUNCH SPECIALS Open 10 a.m. to 11 p.m. TeL 773-701- 1 6th) WOVEN WOODS a WINDOW SHADES e WOODVUE BLINDS t$udixnb to which Restaurant . ClteciiQiniy C2co30 announced Capones 773-950- 1 (Across from Jade Terrace) (OFFER IRS The which Revenue Ruling 80-is effective immediately. It. Read and follow label directions Tl. 80-- 6 Ruling a ball! M-4- 5 North pension plan. having MODEL 2 Performer Italian Provincial Walnut (Take interpreted as an effort to deprive you of a reasonable Dual Formula Hbuie kimBair 0 The foregoing is not to be oid is considered an active participant in the employers A message from the IRS Malpractice insurance improper claimed clearly Ufindoui Cully Install1 an individual retirement account, annuity or bond program. Employers may rely on the proposed to determine regulations what information must be furnished on Form W-- 2 about an employees coverage by a By turning the thermostat from high to medium you can save eight cents per 100 gallons of water. According to Mrs. Windley The most efficient setting is about 140 degrees. If you have a dishwasher that does not heat its own water then you should not set it below 140 degrees, she added. She claims it could save between four and 30 gallons of hot water if you take a shower instead of a bath. She also advised everyone to rinse their clothes in cold water before washing them. This does not effect how clean the clothes will get, she said. Mrs. Windley cautioned owners of gas water heaters that it is dangerous to cover the tank with any type of insulation. However, it is a good idea for electric water heaters, she added. The energy specialist advised that glass doors should be put in front of fireplaces. The biggest problem here is open dampers, she said. The glass doors will keep the air from escaping the house. She also reminded those in attendance that by turning the thermostat on the furnace down in the winter and up in the summer they could save up to 15 percent in energy consumption. Not everyone should do this, however, she said. Elderly people, sick people and children could suffer from hypothermia if it gets too cold in the house, she warned. Those areas that need special attention include: around windows and doors, the place where siding touches the foundation of a home, along the threshold and anywhere a pipe or wire might enter the house. Mrs. Windley said Unless your home was built just recently, chances are the attic is not properly insulated. She gave the following guidelines for attic insulation in 11 inches; 12 inches; cellulose Utah homes: fiberglass 6 to 8 inches (depending on type used.) foam According to Mrs. Windley, a homeowner could save from 12 to 20 percent in energy consumption by properly covering doors and windows. The thickness of those coverings doesnt have a great effect on the loss of heat and cold, she said, as long as there orni Draft-fro- o pool. said. You can save up to 10 percent ot your energy consumption if you caulk and weatherstrip around your home, she said. INSULATION Low-co- Internal Section Revenue Code, appear in the Federal Register of March 23, 1979, on page 17754. Individuals who are active participants in certain types of deferred compensation plans may , not make deductible contributions to is a dead air space between two windows and two doors. She warned homeowners to repair cracks and insulate around all heating pipes and ducts. The water heater is another source of lost energy, she She claims there are seven main energy thieves which combine to hamper the energy efficiency of each home. The first of these thieves, she said is structural Employers Tax Guide, from the IRS. 1979, under regulations, 219 of the Energy saving tips for your home F0AIM1 PLACE HIGHER SR VALUE NON TOXIC SAFE taxpayers may proposed regulations defining the term active participant to determine if they can deduct payments made to an individual retirement account (IRA). The proposed er separations. W-- 2 For rely on the to introduce The students also plan a everyone who is involved in the new system. will work out their own While the students arrangements, said Arave, it is suggested that each one use his or her car once every four weeks." Preferred campus parking will also be given to those in car pools at a cost of $3.75 per person. Arave said Another incentive for students to participate in the program is a discount on gasoline at Woods Station at 32nd and Harrison Boulevard, for all cars with the special car pool sticker. Dickinson assisgned to Indiana Dickinson entered the deductions Students at Weber State College are initiating a car pool system to help ease the energy crunch, solve some parking problems at WSC and to promote friendships among students. According to Mike Arave, Ass ciated Student service vice president, application sheets, tor the car pools will be accepted starting Monday, Jan. 28 at the information desk of the WSC Union Building. According to Arave, When the applications are filled out they will be fed into a computer and the computer will match them up in groups of four students who live within the same area and have similar schedules. After the car pool is set up, the students will receive a printout listing the names and addresses of the people in their car Staff Sgt. Dennis W. Dickinson, whose wife, Jo, lives in Salt Lake City, recently was assigned as a recruiter with the Crown Point Recruiting Station in Crown Point, Ind. IRA vm STEAKHOUSE 1? and CLUB West on Antelope Rd. (2 blocks past Freeport Center) |