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Show l?) and Down llu; Sired How to Make Sure You Get Audited liy Hubert Tribune Business Edilur Take i he filth amendment in court or before congressional committee. But don't take ! v it on sour 040. It's a sure way to get audited, says Carol Kay. director ol the I tab Office of the Internal Revenue Service. And don't stick Mr. Wmd in an "abusive tax your IRS auditor will have a set of questions to help him to get a quicker focus on the problem. After that, you and the auditor are on your own. Now. don't resent the computer assist. That really establishes equity. If your aberration is similar to someone else s. you and he are going to get asked the same questions for 'belter" 15 percent of dividends and interest income was not being reported. she said. That was $2.1 billion dollars. This will make sure it is reported. And that means the IRS won t have to spend money and time chasing dow n Tips" There's $2.3 billion in lost taxes at stake. Eighty-fou- r percent of the waiters and waitresses were not reporting. Now restaurateurs will allocate tip income reporting among waiter and waitresses at an assumed 8 percent of gross sales. It will be up to the employe to defend a report of tips of less than that amount. Indeed, she said, it is a "taxing time." II. Woody - you know, a "gold mine that you bought or donated hat hasn't the remotest chance of P'oducing gold. Otherwise, if you're like most, you've got l.ti c hances in a hundred of getting an audit. I But if you're making $50,0110. your probabilities of audit are 7.8 in a LOO Don't Match Forms And if your reported wages and salary doesn't match your W2 forms or your dividend and interest doesn't jibe with the 1099. the IRS will be giving you a call. Such were some observations cheerily proffered by Mrs. Kay in talking to the luncheon meeting of the Utah Chapter of the American Association of Public Administrators. What next'.' In 1984. the IBS will have computer dial numbers to tell you when you arc deliquent. And if you want to make promises about paying in 10 days or so. a real live IRS'er will listen to your pledges, then punch the information into the computer. And if you don't fess up. that computer will be after you again. Big Brother? a bit Orwellian in view that Isn't of the fact that it goes into operation in 1984? Not at all. says Mrs. Kay. This is institutional efficiency, designed to save your tax dollar and mine. More efficiency" The storage of returns on electronic tape. If the IRS wants to take a look at a report, it just calls it up on a terminal. And. oh yes. terminal or nut. the judgment is that your electronic signature is evidence of your having signed the original paper form. Why video" Abolish Paperwork To do away with a enormous amount of paperwork. The Ogden regional IRS service center, for example. has got about 19 million paper forms it has to handle and store under the present state of the art. And. oh yes. computers will shortly be able to identify those aberrations that make a report suspect. And if yours is on the suspect list. computer-pose- Coal Mine Accidents Declining j$alt akr Sribttnr A Thursday, d starters. By Joe Rolando Tribune Staff Writer HBtmsfinnoss March Section 10 1983 B within the next year that our accident incident rates will be below the national average," said John Barton, district coal manager based in Denver for the Mine Safety and Health Administration (MSHA). He attributed the declining accident rate to the increased mining experience those hired in the late 1970s have gained. Top MSIIA Officials Alteud Experience Helps, OITicial Tells Meel Page 4 federal coal official said Wednesday the accident rate in Utah coal mines is dropping noticeably. reversing a trend where the rate had increased to about 15 percent above the national average since 1978 because many inexperienced miners were hired to meet industry's needs. "If our trends hold true, we expect Mr. Barton was one of six top MSHA officials attending the orga- nization's coal and metal and mining regional safety and health conference at University ol non-met- DUFFY Bruce HammonlJ by Interest Withholding That 10 percent withholding on dividends and interest under the Tax Equity and Fiscal Responsibility Act? About Wait a Second But listen. When it comes to taxes. Americans have it pretty good. A recent study bv the Brookings Institute pegs all American taxes at 32.7 percent of domestic economic import. That compares to percent for Sweden: 42.8 percent for Germany. 45.5 percent for France: 40.7 percent for the United Kingdom: 37.5 percent for Italy: and 37.1 percent for Canada. The Japanese have it better. and Twenty-eigh- t percent! But they aren't financing a Army, Air Force and Navy either. 57.1 two-tent- Rising Bear River Could Plague Bird Sanctuary Special to The Tribune BRIGHAM CITY The level of - the Bear River at the Bear River Migratory Bird Refuge. 14 miles west of here, is at 4.206.2 feet. Ron Ferry, refuge manager, reported that with all gates open about 1.5 million gallons of water is passing through the headquarters area. Mr. Ferry explained if the spring runoff turns out to be heavy "we could face resistance below our ponds and we could have problems." He added. "The Great Salt Lake level will probably not be a major or serious problem this spring unless we get a much higher rise in the river than is predicted." Utah. About 90 other people attended. including industry, labor and government representatives. The conference, also held Tuesday in Golden, Colo., aimed to provide a forum for the various mining interests to discuss mine safety and training. MSHA officials steered the discussion away from safety violations. however. Asked whether he agreed with MSHA's decision last year again-- t sending any of the 200 additional coal mine inspectors it was training to his district. Mr. Barton said. "I'd like to have more people. But having worked at the national (MSHXi headquarters I know there's a lot more going into the national program that just one district manager's desires." He said he would like to have 10 or 12 more inspectors to work out of the Price office and about another 10 at other place throughout his district. Other States in District States besides Utah in Mr. Barton's district are Arizona. New Mexico. Colorado. Wyoming. North Da- kota. Alaska Montana. and Washington. European Predicts 1,500 Dow Jones - broker whoThieme NEW YORK is no starry-eye- Heiko H. auto- d stocks as Exxon and Texaco for their high yield." he said. "We have also liked Atlantic Richfield and Amerada Hess, as well as Schlurn-berge- r and McDermoti at specified prices." In fact, he thinks that, over the remainder of this year, there is more money to be made in energy stocks than in Corp. This is the American invest- By Vartanig G. Vartan New York Times Writer matically tells clients that stocks are headed for the moon. But, as a Wall Street professional who views United States markets from a European perspective, he believes the Dow Jones industrial average will reach 1.500 by August 1984. His forecast is based on three assumptions: stocks are undervalued assets after moving sideways for most of the last decade; low inflation rates are likely for 1983 and 1984. economics hasn't and "supply-sid- e vet been given a fair chance to work." Atlantic Capital Corp. Were near the end of the first leg of a great bull market," he said Monday in an interview. "Purely on a technical basis, since many stocks have become overextended in price, I think the Dow once more will trade below 1.000 before this index resumes its advance. He expects the correction in stock prices to begin this month. Thieme (pronounced TEA-me- ) is vice president in charge of equity operations for the Atlantic Capital ment banking arm of the Deutsche Bank. West Germany's largest privately owned bank and one of the world's biggest banks. Among other functions. Thieme and his associates advise individual and institutional clients in Germany on the United States markets, as well as advising the Deutsche Bank on investment opportunities. Thieme. age 39, cut his investment teeth in London before assuming his current post in 1979, is when it comes to the equity market. I never like or dislike a stock." he said. "I like or dislike a price." Contrarian Attitude In late February, he advised clients to "take profits where the price increases have been significant and where stocks sell close to their high." Unlike many American money managers, he is avoiding issues because he believes that most prices in this group have simply climbed too high. issues. "For someone who wants to price-conscio- might be considered. he added. "The stock has dropped sharply and the bad news appears to be out." Just how does the Atlantic Capital executive arrive at a forecast of Dow 1.500 by August 1934? Ratio "My assumptions are that earnings of the Dow index will grow 30 percent in 1983 and 20 percent next year." he said. "If we assume that the ratio remains unwould result in an acthat changed. tual level of 1.850, but I deduct 10 percent just to be on the safe side." He chooses August 1984 as a possible top because by that time uncertainties about the approaching presidential election could aflect the stock market. Price-Earnin- price-earnin- or He also takes a contrarian, spec- ulate, Warner Communications attitude toward energy issues, which are shunned these days by most domestic money managers. "I think energy will be an attractive area in 1983 for such Despite the need tor more mani power. Mr. Barton said his district within the9U percent completing range" all of the inspections nun dated by federal law. He said that inspuction level is about 102 percent of all those required by law in the Price area. Mr. Barton said. "We're really not hurting as bad as some people might say." Mr. Barton said MSHA even has laws to provide lor safety when miners, recently laid off because of a depressed coal market, return to work. For example, the law requires miners to take a "relresher course' if they've been laid off for about a year. Communication. Cooperation The district MSIIA manager said inspectors would be assigned for three or four days to a mine opening after an extended layoff. He said that's because it is a dangerous lime when accidents are likely to occur. "You gel a lot of miners out ol shape so you'll get a lot ol back injuries. for example." said Mr. Barton William D. Drolian. executive assistant to the assistant secretary ot Labor for Mine Safety and Health, told conference guests the key to future progress in preventing mine accidents and illnesses, lies in greater communication and cooperation throughout the mining community He said. "Industry, labor and guv eminent should be teammates - if we are to not adversaries achieve our mutual goal of safer, healthier mines." SALES LEASING SERVICE TRAINING IVrson-to-Perso- Citicorp cial Center of Utah offers opportunity to earn high lor periods as short as n I 1 Finana real Radio Shack Computer Centers Mean Total Customer Support yields days. Interest rates are quoted daily. 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