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Sentinel Tribune
Westbrook, Minnesota
December 12, 1990     Sentinel Tribune
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December 12, 1990

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School Grove (Lyon), West Twin (Lyon), Yankton (Lyon), Big Twin (Martin), Budd (Martin), Buffalo (Martin, Fish (Martin), Hall (Martin), Sisseton (Martin), Marion (McLeod), Swan (McLeod), Winsted (McLeod), Jennie (Meeker), Star (Meeker), Currant (Murray), First Fulda (Murray), Louisa (Murray), Sarah (Murray), Shetek (Murray), East Graham (Nobles), West Graham (Nobles), Indian (Nobles), Okabena (Nobles), Split Rock (Pipestone), Allie (Renville), Preston (Renville), Circle (Rice), Cody (Rice), Silver (Sibley), Clear (Sibley, Nicollet), Elysian (Waseca), Loon (Waseca), Kansas (Watonwan), St. James (Watonwan), Ann (Wright), Tyson (Yellow Medicine), Wood (Yellow Medicine). i I" I'1 held open house -- Tony Sletten offered Ceasar Carlson a cup of coffee last Thursday at the Southwest State Bank open Along with the coffee patrons were served a variety of candy. ST Photo. Redwood Co. Ext. by Wayne Hansen Non-traditional products Invariably, in the next few months, many sales people will be trying to sell products that may not be needed. (Whether it is soil amendments or nontraditional soil fertilizers, make sure that control or check plot yields are made 3. Spouse receives rent and pays all expenses pertaining to the farm. 4. Issue 1099's to the spouse receiving the rent. Deferred Grain Contracts - Crop share landlords - 1987 private letter ruling: Landlords are not eligible to sell grain in deferred arrangements. The grain is taxable when entered into contract. Applegate case: 1990 Tax Court case allows landlord to defer crop clear.) Too often, products are sold share income under a "price later" on the testimony that this "new",contract. Best method of handling product does just as good as a this situation is to sell for January traditional fertilizer program. This delivery. comparison is only valid if the Prepaid Expenses - Must be a yields are significantly better than purchase; not a deposit. Must a control yield. An example will . specify quantity, quality and price illustrate this. Product A (a new for items purchased. The tax low analysis fertilizer solution) claims to have equal yields with your normal fertilizer program. This comparison is of little value if the control plot (no fertilizer) yields are the same as the others. Be sure you know how many times the plots were replicated and what treatment on the seller's books should reflect a sale, not a deposit. No interest should be earned for the payment. No cash refund for "unused" amounts allowed, there must be a business purpose for the payment, and not merely for tax avoidance. SENTINEL & TRIBUNE Walnut Grove - Westbrook, MN - Wednesday, December 12, 1990 II II VanGelderen Designs open house WALNUT GROVE---Van Gelderen Designs held an open house at the store southwest of Walnut Grove on Friday, Saturday and Sunday last week end. Sue Van Gelderen explained the many clothing Items available to some visitors on Friday. The business is noted for the fancy sweatshirt designs they have available. Although the store is not open regular hours, anyone may view the merchandise by just making an appointment. ST Photo. Issues ice warnln, ,the variation was. Don't accept a Standard Deduction for salesperson's word.Demand Children- Single (dependents) adequate proof, taxpayers have a standard Year-end tax tips deduction of $3,250 for earned As you approach the end of the income. However, the amount should exercise Enger said some municipalities year there are some things you do drops to 5500 for unearned income v.enturing out onto any have ordinances that prohibitas a taxpayer to make your year (interest, etc) for a combination of winter, particularly those entering onto lakes posted with the end tax planning effective, earned and unearned income. aeration systems, the signs. Some also prohibit the night Following are some brief Remember the earned income is ; explanations of some points to exempt up to $3,250. Payment of of Natural Resources use of motorized vehicles on lakes keep in mind which were put wages to children under 18 is still a warned this week. with aeration systems in operation, together by Dary Talley, Area,ood tax planning tool, especially, Ltion is always urged when g Onto any lake covered or These local regulations are often Extension Agent. if you have moved to a hxgher lax posted at accesses where theyInterest payments- If you arebracket. Your child may have to ty covered with ice, apply, hesaid. iarly at night,-said Steve making a year end payment on pay tax, but the total tax rate within aquatic biologist for the Aeration systems are inspected interest ahead of its scheduled the family has been managed. for safety and compliance with payment date, do so in time to Parents of dependent taxpayer However, special care regulations by permittees and DNR allow the recipient time to credit be taken when using the ice lakes. Open water areas personnel, the payment to the proper year. I would use their personal For more information regarding would suggest making the payment exemption or $2,050 on their tax oy aeration systems can the operation of aeration systems, by the 20th of December or earlier, return. or change shapes depending call the regional fisheries office or Issuing 1099s - Failure to file eather conditions, and leaks the DNR toll gree at 1-800-652- 1099s can result in a total of a Carol Peterson develop in air lines creating 9747 (ask for the DNR). $100 fine per 1099 that was not County Extension Agent rr. eas of weak ice or open The following is a list of lakes issued. The fine is S50 per 1099 for in Home Economics PProximately 180 Minnesota in this area where aeration systems failure to file and $50 per 1099 for s With public accesses will will likely be in operation this failure to issue a copy to the Keeping the holiday a systems operating on winter. ' recipient. There is also a S50 fine season upbeat tats winter, according to for incomplete payee identification The holiday season is an upbeat Private hatcl ry operators REGION IV - SOUTHWEST number plus $5 for other time of yea,choc ,fllll of food, use' atton systems, usually Artichoke (Big Stone), Ea, .Toqua incomplete information: The copy drink and numerous Christmas mall lakes without public (Big Stone), Long Tom (Big to the recipient is due to them by parties. People enjoy shopping be said. The majority of Stone); Crystal (Blue Earth), Loon January31, 1991. during the extended store hours, : ion systems are located in (Blue Earth), Lura (Blue Earth), Year-end trades - Trades made trying that new microwave candy Clear (Brown), after October 1st, may affect the recipe, and stringing up a new set les in the southern and Sleepy Eye (Brown), Bingham total depreciation to be taken for of red chasing lights. Even the n Portions of the state where Lake (Couonwood), Cottonwood the year. Consult your tax preparer tedious job of finding the bad" lakes are more common. (Cottonwood), Double (North &before you make that trade. ation systems help prevent South Basins) (Cottonwood), bulb on your tree lights can't get kill of fish populations by Vehicle Rules - Required you down. Indeed, it's the season ;OXygen to lakes, explain Mountain (Cottonwood), Talcott Recordkeeping - Taxpayers of merriment and no one wants to claiming deductions for the use of think about unpleasant matters. But (Cottonwood/Murray), Clear vehicles are subject to behind the shimmery tinsel and ater and thin ice that are (Jackson), eant hazards to ice en, snowmobilers, skiers, Independence (Jackson), Little substantiation requirements and mounds of Chex Party Mix is an Spirit (Jackson), Loon (Jackson), deduction limitations. Best proof outgrowth of our holiday partying lake users Aeration Pearl (Jackson), Round (Jackson), is the log book. However, farm and festivities. It s called drunk are usually operated from Crow River Monongalia pickups, if actively engaged in driving, somebody else. Secondly, taxi's some quality time witha friend. me lakes freeze until ice (Kandiyohi), farming may deduct 75% without National Drunk and Drugged cost money and may not show up Anyway you look at it, you win, spring, Engersaid. (Kandiyohi), East Solomon substantiation. You must keep Driving Awareness Week is within an hour. And lastly, if they win and otherinnocentdrivets are required to (Kandiyohi), Foot (Kandiyohi), track of actual expenses. Generally December 9 - 15. In honor of this someone stays over, there'll be win. So drive them yourself. Call a operate aeration Long (Kandiyohi), autos will be questioned at any important week, let's agree that those embarrassing jokes in the cab. Let them stay over. Keep the t holders must Mud (Monongalia) (Kandiyohi), Ringo rule. Remember you have to show adopt the popular idea of electing a serve them breakfast with theyou alive to enjoy the microwave and inspect the (Kandiyohi), Swenson theproof, designated driver before wego out. family, candy, red chasing lights and once every seven (Kandiyohi), unnamed Rent Paid to Spouse - You This is a sure fire method for Now let's look at some "real everything Christmas and "life" liability insurance (Tadd) (Kandiyohi), should be aware of the fact that the keeping everyone out of trouble, life" solutions to these potential had to offer. uired of private Unnamed (Upper) IRS is beginning to challenge rents including the innocent driver of the problems. Returning a friend's car aeration systems (Kandiyohi), Willmar (Kandiyohi), paid to a spouse. It presently is in car coming from the opposite Waters. Permit Clear (LeSueur),the courts system, we will keep direction. is available from DNRGorman (LeSueur, Greenleaf you posted on its progress. I wonld There are three basic techniques d regional fisheries (LeSueur, Mabel continue to rent from a spouse if to practice to save an impaired (LeSueur), Silver you have been doing it, but be driver: drive the friend home . aeration sysleans axe(LeSueur), Benton (Lincoln), Dead prepared for a challenge in case of yourself, call a taxi, or let your "Thin Ice" or "Open Coon (Lincoln), Hendricks an audit. Some key considerations friend sleep at your house for the around shorelinesand (Lincoln), Shaokatan (Lincoln), are: night. These lessons are so -.----- -- sngns at commonly used Stay (East Stay) (Lincoln), East 1. Arm's length transaction ( elementary and easy to remember. --- points. These signs are Goose (Lyon), Twin (Lyon), Lady pay fair cash rent for area). More importantly, they are vital to The sun is 1.41 times as dense as water. with orange Slipper (Lyon), Rock (Lyon),2. Develop a written agreement save lives. 23,000 lives were lost to e backgrounds, stating all the necessary payments drunk drivers in 1989 and another dates and other details. ' 500,000 were injured as a result of drunk driving. l Christmas , ROOK LAUNDROMAT We extend this yuletide invitation to our ----"-" insurance customers to stop in Friday, Dec. 14 from 1000 a.m. to 3:00 p.m, to en~ ChrishT~,~s cookiv', co/Icy hot citer and ~-~cl cor'np,*tn~,' ~1 thv he, try, office II Redwood County ' Farmers Mutual from 4:00 to Insurance Company :00 p.m. 1 ~v id~erton, MN