Show rill "mi Eaqe 4 Target your checkoff donations state Returns may now etc for Libraries schools be filed electronically Utahns who donate money to higher education libraries Utah's or school district foundations through Utah state income tax returns should be aware that those donations involve a process That process allows the taxpayer to Specify a donation amount then earmark the donation for specific school districts or libraries The codes for each institution of higher learning or school district can be found in the tax booklet Five checkoffs are listed together on the back of the “long” form and on the front of the “short" form: "'Utah Nongame Wildlife Fund used for the management preservation protection and perpetuation of nongame wildlife species Homeless Trust Account to help homeless Utahns used become eckoffs For the first time Utahns will be able to file their 1993 state refund returns electronically according to the State Tax Commission “The Tax Commission has authorized nine tax software packages to be used by professional preparers in this first year of operation” agency spokesperson Janice J Perry said “Those firms provide software to companies that do nearly 70 percent of Utah’s prepared returns” “The electronic filing program joint effort with the Interna! Revenue Service and transmitting is a State Board of Regents used to help fund libraries and library for state colleges and equipment universities School district foundations used to promote partnership activities between schools and communities fund specific educational pro- - and provide grams grant opportu- nities refund returns electronically e Children’s Organ Transplant Fund provides financial assistance for surgical procedures The taxpayer does not need to receive a refund in order to contribute to these funds but the amount of the donation is added to the tax assures returns and rapid re- funds” Tax Perry said preparers will transmit a person’s state tax refuhd return to the IRS computer simultaneously federal tax with the individual’s “Without any exami- information Utahns who make payments to the Tax Commission to pay off a tax liability should file their state tax returns early so any refund due can reduce their account balance and save them interest If a taxpayer has an outstanding tax balance the Tax Commission will apply the refund computers amount to that tax but only after a return is filed No 3 - Your name or your spouse’s name doesn’t match your Social Security numbers) reported on previous filings No 4 Error in computing Utah taxable income No 5 - No Social Security number and filing status for spouse No 6 - Error in computing net refund amount No 7 - Filing status is listed as “married joint” but no spouse exemption is listed Sometimes is agriculture eligible for income tax credit work using nonhighway farm equipment Credit is not allowed for purchases of diesel fuel nor for fuel used in any vehicle registered for highway use Claims for credits on your income tax return must be substanti- ated by keeping legible copies of invoices receipt' etc The receipts should show: 1 The name and address of the taxpayer 2 The number of gallons and type of motor fuel purchase 3 Where the fuel was purchased who pur- and 4 The purchase stantiate tax returns chases date and amount of the Cancelled checks do not meet the above criteria to adequately sub gttS puF' Need a copy of your Utah Tax return? A copy of your state tax return may be obtained from the Utah State Tax Commission either in person or through the mail ' 0 The request form (“Taxpayer's Request for Files — Personal Income Tax Returns”) must indicate the tax year(s) requested and the Social Security numbers) of the taxpayers) Both Social Security numbers are re- quired if a joint return is requested The request must also include a daytime telephone number andmust be signed by the taxpayer A person requesting a copy of someone else’s return must have a power of attorney or notarized letter of consent signed by the taxpayer whose return is requested Signatures of requesting individuwill be checked against signatures on the returns An request made at the Heber Wells Building 160 East 300 South Salt Lake City will be filled within 24 hours A request by mail normally takes one to two weeks Please send all mail requests to Taxpayer ServicesFirst Floor Utah State Tax Commission 160 East 300 South Salt Lake City UT 84134 Enclose a check or money order of $550 for each return re- amend your federal return or if your federal return is changed by the Internal Revenue Service and die adjustments result in a change to your income tax are audited by the Internal Revenue Service The amended Utah return must be filed within 90 days after the final ERS determination if the audit resulted in a change in your taxes due Tax credits Utahns who switch to fuels in their vehicles and heme woodstoves or fireplaces may get a tax break on their state individual income tax returns j individuals To encourage and businesses to reduce offers state a tax air pollution the credit of up $500 for purchase of veeach new dedicated hicle or up to $400 fra each vehicle Clean fuels that qualify conversion include natural gas propane electricity or other fuels approved by the Division of Air Quality or the 1990 Clean Air Act A tax credit of 10 percent up to $50 is also available to Utahns stoves who install natural gas or propane fireplaces lute and burn- ing devices certified by the EnviProtection Agency fireplace logs are not eli- ronmental gible These credits may only be ap versions In addition to the tax credits the also has created a loan package to help public and private businesses finance fleet conversions to clean fuels For information regarding eligible equipment conversions call the Depart- I' Jura if you! 45 compleliJ-Uta- Individual form form) amended Income long form or Tax return fopn short nonresident for the tax year being and (2) a blank income tax return form for that same tax year (this may be obtained from the State Tax Commission) Using your previously filed return as a guide complete the return down to the line number for “total credits” The information you then enter on the return should reflect all items AS CORRECTED Also be sure that you write “AMENDED” across the lop of the return and check the box marked “AMENDED” (this box is not printed on returns prior to 1989) Please attach to your amended return any necessary supporting documentation related to the on the return Keep amended return and schedule for your changes made a copy of the accompanying records Legislature ment of Environmental Quality The forms Commission places where able such as offices are available at Tax offices and in other tax forms are avail- libraries and the IRS TNT Public Auciion No Minimums No Reserves Equipment Liquidation New Like New & Used Equipment Nay Equipment Company Thursday March 3 1994 at 10:00AM (Preview: WED March 2 1994 10:00 to 5:00PM) Location: -ir 1360 South Highway 89 Richfield Utah 4440 JD 251 0 “B“ Case 1 070 & 1 030 (2) Ford 8000's White 5 Reid Boss (1 1) NH Hay Balers (most reconditioned) Case IH 8610 Feed Processor NH 1036 Bale Wagon NH & Hesston Pivit Windrowers Self Propelled Windrowers Hay Equips ment Forage Harvestors House Boat 4x4's Park Model Trailer Boats Structural Tubing and Pipe Equipment Trailers Tillage Equipment Combine and Much More n Qai© nas Bible Study in Sterling Wednesday at 7 pm quested Jl3' plied against tax due and may not be refunded To claim these credits the taxpayer must attach to the return a form certified by the Department of Environmental Quality’s Division of Air Quality The form (Clean Fuel Alternative Credit) verifies the purwoodstoves chase of and the form (Clean Fuel Vehicle Tax Credit) is used for vehicle put chases or con- discover an error on your return The Tax Commission computers normally catch arithmetic errors and automatically correct them and notify the taxpayer of the change However if you discover an error and have not been notified by the Tax Commission of your error you must file an amended return an amended return Generally must be filed within three years alter the due date of the original return (two years after the date an amended return was filed) or within two years after the date the tax was paid whichever is later To calculate whether the limit has expired the taxpayer should note that a rci’rn filed be- - - on the date it waadue-Aamended return based oq a net operating loss carryback or investment tax credit generally mtist be filed within three years after the due date of the return for the tax year of the operating loss or in tax credit To amend a previously filed Tractors-J- r " Sunday "s Sunday School at 10 arp Worship Service a! ii am fri Sterling With During the gasoline cars available for clean fuel conversions als Personal tax data is private and the Tax Commission will prosecute people illegally receiving or requesting such information for individuals other than themselves Perry Tax Commission spokesperson The Tax Commission will set up installment plans to pay large tax bills if the taxpayer cannot pay the balance in any other way The Tax Commission now charges taxpayers 6 percent annual interest on the balance of tax discover you: The Utah State Tax Commission says taxpayers may only claim credit for the tax paid on the purchase of fuel used in stationary or farm machinery used Solely for nonhighway (not on public roads) agricultural purposes Refunds are limited to those taxpayers involved in commercial farming activities: resale agricultural producing and ranchers taxpayers months or years after filing a tax return that an error has been made and they need to correct the return You must file an amended (corrected) Utah income tax return if crops raising livestock and other animals useful to man or performing custom agricultural “It is in the taxpayer’s best interest to file that return early to save on interest charges” said Janice J How do you amend a Utah tax return? Motor fuel used for Farmers the processing reduce account balance table) your math on the long form chase gasoline or gasohol solely for the operation of nonhighway farm engines may claim a credit refund of the Utah motor fuel tax on their state income By consolidating of refund returns with the IRS the Tax Commission hopes to save paper and administrative costs and seeks to improve the accuracy of state returns The benefit to taxpay you own past tax file early and use refund to on the dependents e filing and of refunds Electronic filing is available who have through tax preparers been tested and approved by the IRS The State Tax Commission will provide a listof approved transmitters to help taxpayers use this call new service For information e or (801) ers will be faster issuance the state figures If Watch for these most common errors The Utah State Tax Commission sees many errors again and again — errors that slow the processing of returns and delay refunds Last year the Tax Commission saw 144000 of them — 20 percent of all retrms filed Here are somo ommon errors to avoid: - Incomplete return You No forgot something Be sure to doublecheck before you mail your return No 2 Error in determining tax Use a ruler on the tax table to help you find your tax for the short form (Note: the first column is for zero nation by the IRS will then be automatically transferred to the Tax Commission’s said computers” Perry Children's Church Pastor Mike 5 Bardon a “Faith Note Introducing! special weekly presentation of Faith Baptist Church Each week caller will receive a short Bible message based on the Pastor's notes from the proceeding week You may pick up your phone and call free of charge between 3 pm and 8 am and on weekends 0 The number Is There is always a warm at Faith Located welcome at 165 S 400 E in Salina AUCTIONEERS NOTE: The former owner of Nay Eq is retiring and has contacted with TNT Auction to liquidate his inventory of new and used equipment The new owner is modifying the business and will feature farmgarden and outdoor power equipment and small engine repair Nay Eq will continue to furnish parts and service for all brands of farm equipment Be sure to step in and see the new low prices during their grand opening March 2 3 & 4th Free refreshments available FREE COLOR BROCHURE "The Full Conducted by TNT Auction Service Auction Specialists" 1800s Americans drove more electric cars than v it |