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Show T The Utah Enterprise Review , January 5, 1977 Mortgage Office Opens The Graham Mortgage Corporation has announced the opening of its twelfth lending office which will be located at 545 East 4500 South in Salt Lake City. Graham is a National Mortgage Banking firm and a wholly owned subsidiary of the Manufacturers National Bank of Detroit whose assets are in excess of $2.8 billion. They will make residential and commercial mortgage loans along the Wasatch Front. Graham's new office will be managed by a local resident. Dean T. Smith, assistant vice president, who was formerly with the United Savings and Loan Page 9b Non-Suppo- rt Forcing Paramedics Out of Business Ogden and Weber Countys paramedic program will probably go out of business within the year unless citizens of that county can change the sentiments of government administrators and get official funding to support the privately operated paramedic business. Knute Eie, director and of the Rocky Mountain Paramedic Inc., says for 13 months he has operated co-own- er his paramedic business without ever paying his staff. He can barely meet company expenses without support from local government. Eie's paramedic business is supported from only patient billing since neither city nor county governments will contract the private company. Eie claims to have strong community backing, as evidenced by picketers at the city county building last week, but local government officials have been bull headed," he says, in offering support. County Commissioner Keith Jensen has been opposed to the private company from the outset, Eie claims. Jensen wras the only commissioner not up for last term. Two other county commissioners were defeated in their bids re-electi- on for re-electi- on commis-sioners-ele- by Doug Hunt and Ronald Sessions. Some 250 petitions were throughout the Ogden community last wreek in an effort to raise public sentiment toward the paramedic problem and seek support from the commission. Commissioner Jensen said in an Associated Press news release he was awrare of public sentiment but would not let picketers influence his judgement. Eie said his company has been making roughly $4,000 monthly from patient billings but that is only enough to barely meet rent, utilities and payments on the companys two paramedic vehicles. Eie and Tom Brown have paid themselves $800 in 13 months of operation but five other par- circulated co-own- er amedics and three to SAN FRANCISCO and LOS ANGELES Sumday thru Friday Next morning delivery in-hon- nd and ! Adelphie Cargo Enterprises Executive Terminal Salt Lake International Airport, dis- patchers have never been paid, Eie said. Dedication and personal satisfaction, he claims, have fueled the staff up till now but without a local government contract, the paramedic business wont make it through the year. AIM CARGO out-bom- nd ct (801) 533-081- 8 and St. Benedicts, have offered to combine the paramedic and transport services but said Eie, the two hospitals have not opted to purchase the business, only operate it and hire part of the existing staff. The hospitals have asked for $93,000 from local government, slightly less than Eie and Browns request, but Eie said he will consider the hospitals' offer only as a last resort. Ogden Mayor Steven Dcrks is backing the paramedic project, Eie said, and would like all cities in the Weber Area Council of Governments to contract with, according to population, the paramedic company. The two partners are considering reincorporating their company as a nonprofit organization, Eie said, to see if that changes their standing with the county or city. The county apparently doesnt have the revenue to contract the services of the paramedic team and refuses to grant county funds to a profit making company, Eie said. Even as a company, Eie said it would take about one year to get any federal money or six or seven months to get local funding. Another alternative, explored by the firm is fishing the paramedic busi- McKay-De- e Offer from Hospitals Two Ogden hospitals, non-prof- it re-est- ab ness in a community whose government w'ould be more appreciative of paramedic services. Death and Taxes by Rex Keeler Manager, Executive Tax Service Who can prepare a tax return for someone else? Anybody. Under current law, there are no restrictions or qualifications required of a tax preparer. Consequently, you should become aware of the training and background of the person who prepares your return. Lawyers, C.P.A.s and accountants all have some training in taxes. But income taxes have become a specialty and unless one spends considerable amount of time in the field, he or she will be unable to provide the complete tax advice you may need. Congress has enacted new laws to discourage inept tax preparers. If someone prepares your return or a substantial part of it, for compensation, he is required to sign the return, put his identification number on it and to furnish you a copy of the return. Most reputable tax firms already adhere to But anytime this these rules as a matter of policy. information is not furnished (except for reasonable cause), a $25 penalty is imposed. The tax preparer is subject to another $50.00 fine if he does not retain a copy of your return for 3 years, or at least your name and address. Many times, either through an audit or a math error, that final amount you expected for a refund was changed. Beginning Jan. 1, any tax preparer who understates a taxpayers liability through negligence or an intentional disregard of the law will be assessed a $100 penalty ($500 if willful). This law does not preclude disagreeing with the rules and regulations but you should establish the reasons behind such disagreement. All information received by a tax preparer in preparing a tax return is confidential. If a tax preparer discloses any part of this information, criminal penalties and civil damages can be brought against the preparer. |