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Lawn Tractors 815-459-1 < LOOK WHAT YOUR INCOME TAX REFUND CAN BUY! Starting at $1599 Whatever your sport-- we have GROUP RA TES for Shirts & Jackets •Custom Screen Printing and Lettering •Transfers 110 Washington St. Woodstock at the foot of Main St 338-9140 Hours: Monday thru Saturday 9 a.m.-5 p.m. 30 1984 Tax Preparation Guide BE AN EARLY BIRD SAVER! Simplicity -- the pertect mowing machine for small and large lawns. An­ ti-scalp "floating" mower pivots with front axle to follow ground contours, delivers a velvet smooth, even cut. Come see our full Simplicity line now. Pre seasqn discounts on all models. COMPLETE PARTS & SERVICE DEPARTMENT Call us first! 39 North Western Avenue (Rte. 31) Carpentersville, Illinois60110 Phone (312)428-7100 Lawn & Garden Equipment, Inc. Your Fox Valley Simplicity Ceiter SOFTBALL •SOCCER *GOLF Call us first! C & H SPECIALTY Rear Engine Riders Starting at SI 199 An exemption is a set amount which is deducted from your ad­ justed gross income, in figuring tax­ able income, the Internal Revenue Service explains. The regular exemption is $1,000 and is allowed for the taxpayers, his or her spouse, and his or her depen­ dents. In addition, there are exemptions for age and blindness. The age and blindness exemptions may be claimed only for the taxpayer and his or her spouse, not for a depen­ dent. A taxpayer who is 65 or older by the end of the year is allowed an ad­ ditional exemption of $1,000. Tax­ payers are considered 65 on the day before their 65th birthday. Taxpayers are allowed an addi­ tional exemption of $1,000 for blind­ ness if they are blind at the close of the tax year. Persons losing their sight late in the year are entitled to the exemption for the entire year. A person is considered blind, for tax purposes, if the central visual acuity does not exceed 20/200 in the better eye with corrective lenses or the field of view is no greater than 20 degrees. Taxpayers who desire additional information on the subject of exemp­ tion should use the mail-order form in their tax package to request the free IRS Publication 501, Exemp­ tions. Tax collections explained When a taxpayer for one reason or another, fails to pay full amount of federal tax owed, the Internal Re­ venue Service will collect the delin­ quent tax in one of several ways. To answer questions about its collection process the IRS has prepared the fol­ lowing. Q. I thought I had paid my taxes, and now I've received a notice from the IRS saying I owe more. How can that be? A. There may be several reasons. You may not have had enough tax withheld from each paycheck, or perhaps an error was made in the preparation of your tax return. If you are self-employed or had other income not subject to with­ holding you may have missed making the required quarterly es­ timated tax payments. Q. The IRS says I owe more tax, but I don't agree. What can I do? A. If you think that the bill is wrong, notify the IRS immediately by writing to the office that sent the bill. Be sure to have available any records which support your claim, such as cancelled checks or tax returns. Q. Do I have to pay the entire amount of delinquent tax immedi­ ately? A. If possible. The employee han­ dling your collection case will re­ view financial information which you provide to the IRS and deter­ mine whether the full amount can be paid at once, or if you qualify for an installment payment plan. Q. What if I don't pay the IRS after they notify me that I owe delin­ quent taxes? A. When an individual owes more tax, a bill is sent with payment due within 10 days. Several more bills and a telephone call may also follow. If a taxpayer neglects or refuses to pay taxes or to make satisfactory arrangements for payment, a levy may be issued against the taxpayers salary, wages bank accounts, or commis­ sions. During the levy process, if the tax bill is paid in full or an ac­ ceptable installment agreement is reached ordinarily the levy will be released. Q. What rights do I have during the collection proceedings? A. You as a taxpayer, have several basic rights during all collection related activities. They include re­ presentation, the transfer of a tax to another office when your resi­ dence changes, receipts from the IRS for any payment, copies of all contractual arrangements, confi­ dentiality of tax matters, and the IP lease turn to Page 31)