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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-
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
7. Be sure to enclose Life Insurance
(Continued on page four)

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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