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Show Page Two FRIDAY, OCTOBER Internal Revenue Service Warns Of Foundations Tax-Dodgi- ng THE SALT LAKE TIMES 18, 1974 Most Hunters Will Have To Work Hard Probate Notices For Their Deer Reports from the Department of the Interiors Bureau of Land sary. indicate most huntThe IRS looks upon this as Management ers to work hard this will have merely a transparent device to year for their venison steaks attempt to shift the income tax when deer season hunting opens liability to the trust. In sub- The District Director of the Internal Revenue Service, Mr. Roland V. Wise, announced that the IRS has been receiving many inquiries in the Salt Lake City area regarding widely promoted plans for tax avoidanve through the use of private foundations or family trusts. The schemes for escaping tax usually involve the creation of one or more private foundations or trusts. The taxpayer then turns over to the foundation or trust his business aset, including a lifetime contract for hi personal services, and all, or a substantial part of his other assets, and become the director or trustee of the foundation or stance, it is an anticipatory assignment of income and should be taxed as wages to the employee; and withholding of Federal Income Tax and Social Security Tax (FICA) should be continued by the employer. The Internal Revenue Code requires the withholding of Federal Income Tax and Social Security Tax (FICA) from an employees wages. If the employer fails to withhold from wages paid to an employee, the employer is liable for the amounts he fails to withhold. The Director suggests that individuals who may be involved or have further questions regarding these procedures should contact the IRS at Salt Lake 0 City, telephone number (elsewhere in Utah, or write to District DirecRevenue Service, Internal tor, 465 South Fourth East, Salt Lake trust. The promoters of the plan usually represent that a taxpayer can operate his business under the cover of the foundation as an educational' or research activity exempt from federal income tax. The District Director warned, however, that the mere disguising of an otherwise profitmaking business with ostensibly exempt purposes doe not make it exempt. One of several things may happen as a result of a tax examination. The income may be taxes to the founder as being income earned by him, or the foundation's alleged exempt status will not be recognized and tiie business income will be taxed. Also, the taxpayers involved may be subject to penalties and interest as provided by the Internal Revenue Code. The IRS has also been receiving inquiries from employers regarding individual employees notifying them that the employee has established a family trust. The employer is told that under the terms of the trust, the employee has conveyed his lifetime services together with all income therefrom to the turst. The employee then informs the employer that all further salary is to be paid to the family trust and that no withholding of any taxes such as Federal Income Tax or Social Security Tax (FICA) is neces 524-406- Snow Tire Season Nears As the winter driving season approaches, the Utah State Department of Highways reminds motorists that the use of studded tires is permitted in Utah only from October 15th to March 31st. The 1973 Legislature, in setting these dates, also levied a lax of one dollar per tire or one cent per stud, to pay for some of the damage the studs do to Utah highways. The use of tire chains of reais personable proportions mitted when required for safety because of snow, ice or other conditions tending to cause the vehicle to skid. Snow tires without studs may be used at any time, and use of snow tires and chains may be required under particularly severe conditions. Radial tires are not acceptable as a substitute for snow tires where a requirement for snow tires is posted. The worlds finest Bourbon since 1795. BLM-administer- ed s, tional resource lands nearly half the land area of the state of Utah are open to hunting, Mr. Howard pointed out. He added that if early, heavy snowfall should occur, more deer would probably move onto lands, which genare the foothill areas and erally at lower elevations. Hunters were asked by the director to use caution with fires. Even though fire restrictions were recently lifter throughout the state because of recent storms, dry conditions still exist that present a fire danger. Road conditions are generally land good on but renditions can change very rapidly this time of year. Hunters are advised to carry tire chains in their vehicles at all times. Roads in the West Desert are dry and dusty with some of the wash crossings sandy and very oft. Operators of drive vehicles should use caution at the wash crossings. Lights should be turned on when traveling dusty roads as a safety precaution. Campgrounds are open on land throughout the state. Simpson Springs, Calf Creek, Durfey Springs, Windwhistle and Hatch Point campgrounds are open with water available. Hunters should carry an extra supply of water with them in the event extremely cold weather freezes the water sources at the campgrounds. The BLM state director urged hunters to carry extra food and ulenty of wadrm clothing in the pvent they become stranded or adverse weather sets in. He also asked all hunters to leave a 'Mean camp and carry all their garbage out 75-9-- 10-2- BLM-administer- ed BLM-administer- BLM-administer- 5, 5) 8) 75-9-- 5, ed two-whe- Ancil- 75-9-- 5, na- BLM-administer- ed GARY A. SARGENT, Consult clerk of the District lary Administrator of the Estate Court or the respective signers of Keith Verburg, deceased. Date of first publication Ocfor further information. tober 18, A.D. 1974. NOTICE TO CREDITORS Backman, Clark and Marsh, No. 61424 Attorneys for Administrator 11-(10-1- 8 Estate of GERALDINE B. CHAPMAN, deceased. NOTICE TO CREDITORS Creditors will present claims No. 61348 with vouchers to the undersigned JAMES KILGORE of Estate at 1300 Walker Bank Building, MABEL and (BELLE) EMILY Salt Lake City, Utah, 84111 on also known HOBBS KILGORE, or before the 8th day of January, DeE. as BELLE KILGORE, must be preA.D. 1975. Claims sented in accordance with the ceased. Creditors will present claims Utah Code provisions of vouchers to the undersigned with and with Annotated 1953, proper of Pugsley, Hayes, Wat-kisat office therein. as verification required Campbell & Cowley, Suite ZIONS FIRST NATIONAL South, Salt BANK, Executor of the Estate 400, 315 East Second 84111 on or beof Geraldine B. Chapman, De- Lake City, Utah of 22nd fore the January, day ceased. Date of first publication Oc- A.D. 1975. Claims must be presented in accordance with the tober 4 A.D. 1974. Utah Code provisions of Armstrong, Rawlings, West and with Annodated 1953, & Schaerrer as verification proper required Attorneys for Executor therein. 1300 Walker Bank Building WILLIAM EDSON KILGORE, Salt Lake City. Utah 84111 Executor, Estate of James Kil(10-- 4 gore, and Administrator, Estate of Mabel (Belle) Emily Hobbs NOTICE TO CREDITORS Kilgore, also known as Belle E. No. 61421 Deceased. Estate of CLARA BOGGESS, Kilgore, Date of first publication Ocaka, CLARA C. BOGGESS, De- tober 18, A.D. 1974. ceased. E. Zar Hayes Creditors will present claims E. Second South, jvith vouchers to the undersigned 315Salt Lake City, Utah 416-418 at Felt Building, Salt of Executor Attorney Lake City, Utah, on or before and Administrator the 8th day of January, A.D. 11-(10-1- 8 1975. Claims must be presented in accordance with the proviNOTICE TO CREDITORS sions of Utah Code AnNo. 61365 notated 1953, and with proper Estate JESSE of ELMO verification as required therein. HULSE, Deceased. THELMA B. FROISLAND, Creditors will present claims General Administratrix of the with vouchers to the Estate of Clara Boggess, aka, at 9th Floor Tribuneundersigned Building, Clara C. Boggess, Deceased. 143 South Main Street, Salt Lake OcDate of first publication City, Utah on or before the 22nd tober 4th, A.D. 1974. day of January, A.D. 1975. A. T. Diamant. Attorney Claims must be presented in ac(10-- 4 cordance with the provisions of Utah Code Annotated NOTICE TO CREDITORS with proper verificaand 1953, No. 61414 as required therein. tion Estate of S. W. PUGSLEY RAYMOND ELMO HULSE, aka SHERMAN PUGSLEY, De- Administrator of the Estate of ceased. Elmo Jesse Hulse, Deceased. Creditors will present claims Date first publication Ocwith vouchers to the undersigned tober 18,ofA.D. 1974. at Suite 400, 315 E. 2nd So., Brett F. Paulsen, Attorney Salt Lake City, Utah 84111 on 11-(10-1- 8 or before the 8th day of JanuNOTICE TO CREDITORS ary, A.D. 1975. Claims must be accordance the in with No. 61366 presented Utah Code Estate of DORA A. NOBLE, provisions of Annotated 1953, and with proper Deceased. verification as required therein. Creditors will present claims DONALD W. PUGSLEY, Ex- with vouchers to the ecutor of the Estate of S. W. at Suite 118, Plazaundersigned 2100, 140 Pugsley aka Sherman Pugsley, West 2100 South, Salt Lake City, Deceased. Utah 84115 on or before the 18th Date of first publication Oc- day of January, A.D. 1975. tober 4th, A.D. 1974. Claims must be presented in accordance with the provisions of Harry D. Pugsley, Attorney (10-- 4 Utah Code Annotated 1953, and with proper verificaNOTICE TO CREDITORS tion as required therein. No. 61426 J. KEITH Executor Estate of ALICE SPENCER of the Estate HANSEN, of Dora A. Noble, BLAKE, Deceased. Deceased. Creditors will present claims Date of first publication Ocwith vouchers to the undersigned tober 18, A.D. 1974. at the office of Kirton, McCon-kie- , Robert C. Matheson, Attorney Boyer & Boyle, 336 South 11-(10-1- 8 3rd East, Salt Lake City, Utah 84111 on or before the 13th day of January, A.D. 1975. Claims No. 61440 must be presented in accordance Estate of RAYMOND BUI with the provisions of GRANT, Deceased. Utah Code Annotated 1953, and Creditors will present claim with proper verification as re- with vouchers to the undersignei at 602 East Third South, Sal quired therein. LARRY W. BLAKE, Executor Lake City, Utah 84102 on or be of the Estate of Alice Spencer fore the 22nd day of January A.D. 1975. Claims must be Blake, Deceased. Date of first publication Oc- sented in accordance with pre thi tober 4, A.D. 1974. provisions of Utah Cod Harold R. Boyer Annotated 1953, and with prop Of Kirton, McConkie, er verification as required there in. Boyer & Boyle, Attorneys 336 South 3d East FRED W. ROYER, Adminis Salt Lake City, Utah 84111 trator of the Estate of Raymon 8) October 19. According to Paul L. Howard, BLM state director for Utah, deer on national resource lands in Utah are scattered in most places but concentrations have been noted at water sources due to the long dry period. Many leaves are still on the trees in most areas, which will hamper the hunters in seeing their game. The Annotated 1953, and with proper verification as required therein. 10-2- el 5) 75-9-- ed 5, 8) 75-9-- 5, 10-2- Tire chains are still the best means of preventing a skid, but studded and regular snow tires also provide better traction than normal tires. No tire is f, though. 5) 75-9-- 5, 8) skid-proo- 75-9-- 5, , I 75-9-- 5, . . (10-- 4 10-2- 5) Bud Grant, Deceased. Date of first publication Oc NOTICE TO CREDITORS tober 18, A.D. 1974. No. 61418 Roger F. Cutler, Attorney Estate of KEITH VERBURG, 11-- 8 (10-1- 8 Deceased. !Q PROOF KENTUCKY THE JAMES STRAIGHT BOURBON B. BEAM DISTILLING WHISKEY CO, DISTILLED CLERMONT, AND BOTTLED BY BEAM, KENTUCKY Creditors will present claims with vouchers to the undersigned at the office of Backman, Clark and Marsh, 500 American Savings Bldg., Salt Lake City, Utah on or before the 22nd day of January, A.D. 1975. Claims must be presented in accordance with the Utah Code provisions of 75-9-- 5, if its printing. . . dial 364-846- 4 |