Houston times-journal. (Perry, Ga.) 1994-1999, August 03, 1994, Page Page 8A, Image 8

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Page 8A - Wednesday, August 3,1994, "Houston Times-Journal IRS grants ‘94 tax extension (Atlanta) - The Internal Revenue Service has granted relief to taxpayers in the designated disaster area of the southeastern United States who are unable to meet their federal tax obligations because of the recent flooding. Today's release extends the time for filing with respect to pension and other employee benefit plans to October 17, 1994. The U. S. Department of Labor’s Pension and Welfare Benefits Administration also has jurisdiction in employee benefit matters and has joined with the Service in providing the relief described in this news release. The extension applies to plans located in a county designated by the Federal Emergency Management Agency as a Federal disaster area as a result of the flooding. In addition, the extension covers cases where plan administrators are unable to obtain the information necessary for filing from service providers, banks, or insurance companies whose operations are directly affected by the flooding. Also, the extension applies to banks and insurance companies affected by the flooding whifeh A & A’s GIGANTIC IRRIGATION SALE Hunter toro fl E $12.50 each '''''C£VXj| Rainbird jflßß j POLY/PVC PIPE - SO.IO per ft 3/4” PVC pipe - SO.OB per ft “ ■ I AND MUCH MUCH MORE I JSo give us a call at A&A. We know your lawncare needs. A & A Contractors of Perry 300 Valley Dr. • Perry, GA 31069 (912) 987-0063 / / A Hvrs H/*/] Brand Name Parts With Customer / Auto Parism Satisfaction Guaranteedl I /ri Jffl / / / SERVING OUR CUSTOMERS SINCE 1932 No purchase necessary to enter jW wax l PL at n i a?——■gg j JgL viv Bpys&Bßm^l ,krv sersiun- Hjiiß} \ k! * ) \ , , JP^^BI l&r c ; n Mb jP|| gg -j ||H|BBw»iiß bMB "1 m ft 1 '' B BBnB .'-f - : /..a. Red Ryder Carburetor Jof ' ' Quaker Shocks I Spray ~Wo *% 6(i Mnnth JMMWMBIMU &ate Havoline 5W30, Aflfl I MAQ JR* 40 OaHerv 9BSmRRmiRR 30 WT, 10W30,10W40, p**ij I** tgSZ'SSUZifc 20W50Or30HD W mt lu, , 4B MBA Motor Oil Includes Classic Shocks | turtle | PLJbV.nj ,f M 40-PieCC MotOr OH AJ| Q Platinum Rm ® &&&& Medalist RtRM Protectant Wheelßrite Spark Plugs UQQgSBSI Socket Set gj* OJW Jr 840 4%49 969 Lawn & Carden JR'6B 9 fZh&Zec Zousn M^ W "V** WWW Battery »». 16*99 Each Exch. RR 9 * m^'CASE EVUttDAYLOWPRICES **»<* M 5 EscE W UM IT * *“ W/ ” T ‘fa**’**' Prices Good Thru Sat., August 6,1994 • We Reserve the Right to Limit Quantities • Complete Warranty Information Available at All Advance Auto Parts Stores '§§ 1334 BALL STREET Mlj/l ZZZjzL I I , usEOAiXonvr Parts Delivered QukUyt oil & batteries See Store for Details. are required in certain instances to file reports directly with the Department of Labor. The following rules apply in the case of pension and employee benefit plan returns and related excise taxes required to be filed or paid on or after July 1, 1994. Thus, for example, information returns, such as the Form 5500 series of returns, and excise tax returns, such as for reporting and paying a tax on prohibited transactions or reversion of plan period will not be assessed the late filing or late payment penalties if the returns are filed and the taxes paid by October 17, 1994. To quality for the extension, returns and reports must be marked in red, bold print “Flood ‘“94” on the top center of the first page of the return or document. The report of an employee benefit plan not located within the designated disaster area must also include as an attachment to the report, the county in which the service provider is located. However, taxpayers should be aware that statutory deadlines cannot be administratively extended by the Service. Under section 404 (a) (6)' of To qualify for the extension, returns and reports must be marked in red, bold print “Flood ‘94” on the top center of the first page of the return or document. the Code, amounts contributed to qualified employuee benefit plans may be deducted on the return for the prior year only if the contribution is made by the due date (with extensions) of that return. Also, certain contributions are required to be made to pension plans by specified dates under section 412 of the Code. Similarly, if a distribution from a plan is to be rolled over to a qualified plan or Individual Retirement Account and not included in income, that rollover is statutorily required to be made within 60 days of receipt of the distribution. Taxpayers are advised that they make these contribution or payments by the statutory deadlines. XMAS In July has been extended due to the Great Flood of 1994 SUPER SPECIAL | DIAMOND $-1 QQOO SC99 TENNIS BRACELET 177 B ar Jesi9Tl 8u11..., ... Mon-Sat 9:00 am - 6:00 pm A Tradition of Quality and Service Lamberth’s 41 Grocery/ 41 Annex The Best Meat in Town/ Home of Little Tikes Toys- Other Also Wholesale Supplies/ Toys, Gifts and Novelties Hodges Blvd. • Perry, Ga. 31069 (little tlkesj 012) 987-1630 Come See Our Products Over 240 to choose from toys that last* 14 Round Trampoline- Pads free- $249.95 2-Speed Battery Operated- Age 3 to 7 New! ■'**l 'rVsß* • Sale Price: $249. 99- Available Soon mimbl bwmkmbbhp Sale Price: $199. 99