NORTHWEST COLORADO NEWS AND SPORTS FOR FRIDAY, DECEMBER 7TH

Holiday Drive 2012

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RESIDENTS MAKE KRAI/55 COUNTRY HOLIDAY DRIVE A HUGE SUCCESS

Updated figures now show this year’s KRAI and 55 Country Holiday Drive was the second most successful year for the drive…ever.  Volunteers and radio station staff stood outside the Centennial Mall in Craig for two days this week, taking donations of non-perishable food, new and unwrapped toys, gifts for seniors and cash to benefit Advocates Crisis Support Services, the Interfaith Food Bank of Craig, Christmas for Kids, and Christmas for Seniors.  This year the drive collected over a hundred gifts for seniors, over 2 tons of food, thousands of toys, and over $25,000 in cash.  This, despite the fact that we are experiencing what is arguably the worst economy since the drive started.  The money will be split among the agencies and 100 percent of it will stay in the area.  The representatives of each agency, KRAI and 55 Country, and the volunteers involved express their thanks to the community for their continued generosity.  You can see pictures from the Holiday Drive in the photo gallery above.

 

IRS GIVES TIPS ON GIVING WISELY DURING HOLIDAY SEASON

December is traditionally a month for giving generously to charities, friends and family. But it’s also a time that can have a major impact on the tax return you’ll file in the New Year.  The Internal Revenue Service has come up with a list of tips for giving this holiday season.  The topics include making sure you give to qualified charities, determining what’s deductible, what records to keep and where to keep them, among other things.  You can find a list of some of those tips, along with a contact number for more tips below.

 

Contribute to Qualified Charities.  If you plan to take an itemized charitable deduction on your 2012 tax return, your donation must go to a qualified charity by Dec. 31. Ask the charity about its tax-exempt status. You can also visit IRS.gov and use the Exempt Organizations Select Check tool to check if your favorite charity is a qualified charity. Donations charged to a credit card by Dec. 31 are deductible for 2012, even if you pay the bill in 2013. A gift by check also counts for 2012 as long as you mail it in December. Gifts given to individuals, whether to friends, family or strangers, are not deductible.

  • What You Can Deduct.  You generally can deduct your cash contributions and the fair market value of most property you donate to a qualified charity. Special rules apply to several types of donated property, including clothing or household items, cars and boats.
  • Keep Records of All Donations.  You need to keep a record of any donations you deduct, regardless of the amount. You must have a written record of all cash contributions to claim a deduction. This may include a cancelled check, bank or credit card statement or payroll deduction record. You can also ask the charity for a written statement that shows the charity’s name, contribution date and amount.
  • Gather Records in a Safe Place.  As long as you’re gathering those records for your charitable contributions, it’s a good time to start rounding up documents you will need to file your tax return in 2013. This includes receipts, canceled checks and other documents that support income or deductions you will claim on your tax return. Be sure to store them in a safe place so you can easily access them later when you file your tax return.
  • Plan Ahead for Major Purchases.  If you are making major purchases during the holiday season, don’t base them solely on the expectation of receiving your tax refund before the bills arrive. Many factors can impact the timing of a tax refund. The IRS issues most refunds in less than 21 days after receiving a tax return. However, if your tax return requires additional review, it may take longer to receive your refund.

For more information about contributions, check out Publication 526, Charitable Contributions. The booklet is available on IRS.gov or order by mail at 800-TAX-FORM (800-829-3676).

 

COLORADANS MAY NOT BE ABLE TO TOKE UP UNTIL NEXT MONTH

Marijuana smokers in Washington state are now able to light up, but the law allowing Coloradans to smoke recreationally has yet to be signed into law. It could be next month before the law takes effect.  That’s because Governor John Hickenlooper has until January 5th to proclaim the measure part of the state’s constitution.  The governor’s office has not given any indication as to when the law will be signed.  State officials have been waiting for a response from the federal government, as to whether or not they will intervene.  The drug is still considered illegal under federal law.  Amendment 64 allows adults in Colorado to possess small amounts of marijuana.  Among Colorado voters, Amendment 64 received more votes than President Obama.

 

COLORADO TO GET NEARLY $30 MILLION FOR EARLY LEARNING PROGRAMS

Colorado is receiving nearly $30 million in federal money over four years to accelerate the state’s early learning programs.  The grant funding announced yesterday is part of “Race to the Top” money aimed at early childhood education programs.  Colorado was among five states awarded the latest funding because they were all finalists in last year’s competition.  Illinois, New Mexico, Oregon and Wisconsin are also receiving funds.  Colorado Governor John Hickenlooper says the state is committed to helping children be ready for kindergarten and learning to read by the third grade.  Late last year, nine states won a collective $500 million for early learning programs. Thirty-five states along with the District of Columbia and Puerto Rico had applied.  The contest is administered by the Education and Health and Human Services departments.

In high school sports:
Yesterday:

In basketball:
At their home tournament, Steamboat’s boys and girls beat Montezuma-Cortez.  (boys 50-26; girls 61-29)
The Hayden boys beat Green River, Wyoming.  (72-57)

Today:
In basketball:
The Meeker boys continue their shootout with Rangely attending.
The Steamboat boys and girls continue their tournaments with.
The Rangely girls go to a tournament in Duchesne, Utah.

Tomorrow:
In Wrestling:
Moffat County travels to Rifle.
Steamboat and Meeker go to Soroco at 9.

In basketball:
The Meeker boys continue their shootout with Rangely attending.
The Steamboat boys and girls continue their shootout.