Business briefs for Wednesday, Sept. 27
Buyers who seek an executive residence in the Park City community of Glenwild will have a chance to outmaneuver competitors Sept. 30 at a sale-by-auction conducted by Tranzon Asset Advisors, a full-service real estate auction firm.
The brand new mountain home overlooks the Glenwild Golf Club and Spa, providing mountain and meadow views, and comes fully appointed with all the latest features, high-end finishes, craftsmanship and detail.
The auction starts at 11 a.m. at the executive residence located at 6895 Lupine Drive and is open only to qualified, pre-registered bidders. For a complete bidder’s auction package, including the bidding procedures, contact Ed Durnil at (270) 769-0284 or by email at edurnil eight percent for overpayments [seven percent in the case of a corporation]; eight percent for underpayments; ten percent for large corporate underpayments; and
5.5 percent for the portion of a corporate overpayment exceeding $10,000.
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus three percentage points. Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus three percentage points and the overpayment rate is the federal short-term rate plus two percentage points. The rate for large corporate underpayments is the federal short-term rate plus five percentage points. The rate on the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the federal short-term rate plus half of a percentage point.
Chili cook-off dates announced
Wolf Mountain announced that the Second Annual Howl Fest will be held Oct. 21 from 10 a.m. to 4 p.m.
The Chili Cook-Off is a sanctioned event where qualified judges do the official judging. The Utah State Chili Cook-Off winner will receive $500 in cash and move on to the national competition. The public will have the opportunity to purchase tickets to sample the chili and there will be a People’s Choice competition for those willing to compete but not at the sanctioned level.
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Officials predict the economic impact of the coronavirus will last into at least next summer.