Several filing requirements can apply when you own or are a beneficiary of foreign financial assets. These forms report on the specific assets themselves and are information returns versus income tax returns. However, the penalties for failing to file them are truly draconian, many starting at $10,000. The rules are complex, in some cases overlapping,…
The Hill’s cable provider, Time Warner Cable, is merging with Comcast Corporation. The TWC board agreed to the sale on Feb. 12. This $45.2 billion transaction unites the nation’s two biggest cable providers. Comcast has 22 million customers and with TWC’s 11 million subscribers, the new firm will have 33 million cable subscribers. But Comcast…
Idyllwild Fire Protection District’s Finance Committee held its first meeting Monday, Feb. 17. Fire Chief Patrick Reitz introduced the citizen’s committee members to the IFPD budget format, source of revenues and a general description of expenses. They also talked about specific issues for this fiscal year (2013-14) and likely budget questions for the 2014-15 budget…
Artists interested in designing and making a banner for the 2014 Lemon Lily Festival are being asked to submit a mock-up on Wednesday, March 5. The LLF Banner Committee Chair Mimi Lamp is organizing this year’s banner display and wants to have the community more involved in the effort. Artists should submit a 6-inch-by-10-inch color…
The Friends of the Idyllwild Library are sponsoring the next in the series of monthly Penelope Engard lectures. Engard will give her next talk at 4 p.m. Monday, Feb. 24, in the library’s Community Room on the subject, “Julia Morgan: Architect for San Simeon.” Morgan, as the predominant woman architect of the early 20th century,…
On Tuesday, Feb. 11, the Riverside County Board of Supervisors decided to renegotiate the county’s current ambulance contract with American Medical Response rather than considering competitive bids for the whole or parts of the county. The current AMR contract expires June 30, 2015. One of the principal reasons was the experience of Alameda, Monterey and…
