Until the Tax Reform Act (TRA) of 1986 changed the favorable tax status of Uniform Gift to Minors Act (UGMA) and its successors, the Uniform Transfers to Minors Act (UTMA) adopted by the National Conference of Commissioners of Uniform State Laws in 1983. Many people used these accounts as a means of transferring highly taxable income and capital gains to a child in a lower tax bracket through gifts of money or securities.
One day back in the ‘70s, when we were new to Blaine, my neighbor told me he was going downtown.
Sunday night after we put our son to bed, my husband and I settled in at the computer to do our taxes.
Let me start by saying that I am not an attorney. However, I hope to share some information that may help people avoid significant penalties for not following the strict rules for some retirement funds.
Today nearly 2.5 million commuters drive across more than 1,000 deficient bridges every day. The images from the fatal Interstate 35W bridge collapse are still vivid in our memories while more recent examples like Duluth’s I-35 bridge column that collapsed, closing a major artery for the region and our state, prove that we can’t wait until collapse, fatality or closures force us to deal with the problem. We need a comprehensive solution that will address the problems today and avoid catastrophe in the future.
The party of thirty two industrial school teachers from various cities of the United States left New York last week on the Kaiser Wilhelm. They expect to be at Munich, Germany much of the time. Miss Ida B. McGlauflin, formerly of Anoka, was a member of the party.
Two of my favorite headlines over the past few years were, “Runner carries injured foe half-mile to help,” and “Wrestler loses match but moves crowd with kind act.” These headlines reflect the character that student athletes in Anoka-Hennepin Schools have developed thanks to parent and family involvement, and the positive role models, mentors and coaches that have played an inspirational role in their lives.
Every few years, a history buff writes some words for this newspaper about the old Anoka County town of Itasca (sometimes spelled Itaska). It was located on the Anoka side of the Mississippi River near the Sherburne County line. For a few years, in the middle of the nineteenth century, it looked like it might amount to something.