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11 Advocate 1 (1968)

handle is hein.barjournals/adisb0011 and id is 1 raw text is: Vol. 11, No. 1 Boise, Idaho January, 1968 Kevenue Service Explains Ip o s d rilJ Position Inre Estates Jerry V. Smith Annual Meeting Plans for this year's Annual Meeting at Sun Valley, July 4, 5 and 6, are pro- gressing smoothly. From all appear- ances the Commis- sioners will provide an interesting, en- tertaining and edu- cational bill-of-fare, and the management of Sun Valley prom- ises to prove to our satisfaction that they really love us. It is suggested that you note these dates on your calendar now, and start making plans to attend. Some time ago the president-elect of the Utah State Bar Association, Scott Matheson, advanced the idea of having an Idaho-Utah joint annual meeting in 1969 at Sun Valley. Mr. Matheson met with the Commission in December for in depth discussions on the feasibility doing this. It was then decided that, de- pendent upon adequate arrangements and availability of facilities, the advan- tages to be obtained in the pooling of resources in program procurement, and the promotion of friendly relations be- tween the Bars of the two sister states, would make such a meeting highly desir- able. With this in mind, yours truly spent some time in the Valley with the management. These meetings resulted in their offering July 5-10, 1969, for such joint meeting. This would mean a departure from our usual format of Thursday, Friday and Saturday, with Resolutions Committee on Wednesday, however this appears to be of no par- ticular moment. At this writing we are apparently firmed up and the greatest socio-legal event of 1969 is in the em- bryo stage. Court Reorganization At the mid-winter meeting with the local Bar Presidents a great deal of time was spent in discussion of the Bar's con- (Continued on page two) May I please have an early audit of this estate? We would appreciate a tax clearance as soon as possible so that the estate can be distributed and the executor discharged. When can a final determina- tion on this estate tax return be made so that we may close the estate? These questions are often asked of us about Estate Tax returns. We may be able to help you. First, let us explain the IRS procedures now for handling them: When these returns are received here in Boise, the check is detached, the re- turn numbered and then sent to the Western Service Center for further processing. Some time later the returns are sent back to this office and then on to Seattle for classification. This simply means-should we audit the return or accept it as filed? Then, when this de- termination is tentatively made, the re- turns are sent back again to Boise. On those returns accepted as filed, a closing letter is immediately issued; those for audit are assigned to an agent for exami- nation. This decision in classification is often times made without the benefit of complete information in the file and toa often many missing documents and in- formation have to be solicited. This is the point at which much of the delay is encountered. In short, were a more com- plete return filed it could lead to faster action. Here are some things you can do when filing the return that may help: 1. File only the original-no duplicate is necessary. 2. Enclose a certified copy of the will, if applicable. 3. Enclose a copy of any trusts in- volved. 4. The basis for real estate values should be stated and copies of apprais- als, if any, should be attached. 5. If any item is valued at its sale price, so state. 6. When an interest in a closely held corporation, partnership, or individual business is returned, enclose balance sheets and profit and loss statements for the past five years, and the basis of valuation. 7. Be sure to enclose Life Insurance (Continued on page four) 1968 ANNUAL MEETING JULY 4-6 AT SUN VALLEY The Annual Meeting of the Idaho State Bar returns this year to Sun Valley. The meet- ing will be held July 4, 5 and 6, 1968. Commissioner Harold Ryan is currently lining up what promises to be a very inter- esting program, and the man- agement at Sun Valley has indicated they welcome the return of the Idaho State Bar Annual Meeting to Sun Valley and promise an excellent con- vention. Be sure to hold the dates of July 4, 5 and 6 open in order that you may attend the meetings. Further an- nouncement will be made re- garding the program in later issues of the Advocate. See You In Sun Valley July 4, 5, 6, 1968 Aq PULiHDB H DH TAEBR F0UNDAT1

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