Point System Proves Effective On Highways
The Iowa Department of Public Safety enforces a new point system for traffic violations, assigning 2 to 10 points per offense and suspending licenses after 10 points. Effective April 1, it targets habitual and careless drivers, with a Des Moines record keeping and potential 30 day suspensions for 11 major offenses. A 5 point deduction applies after 12 months free of accidents and violations.
MENTIONED IN THIS ARTICLE
Iowa Department of Public Safety
Department of Public Safety
Des Moines
Justices of the Peace
Justice Court
Tax effects complicate selling a business at $100
The article notes tax regulations complicate a business sale. It cites Smith who listed his profitable company with a broker for $100, underscoring the need for proper tax planning and investigations before accepting offers or signing a purchase agreement.
MENTIONED IN THIS ARTICLE
Smith
Tax pitfalls in allocating business sale prices
A buyer offered 100000 for a business and allocated the price to assets as he wished, even underpaying good will. The seller signed, later learning that excessive inventory allocation made most gains ordinary income while undervalued good will yielded long term capital gains, only half taxed. The piece warns taxpayers to consider tax effects of asset allocation.
MENTIONED IN THIS ARTICLE
Jones
Smith
Towa State Bar Association
Also Mentioned on This Page
Legally
Farm Service
P&w Farm Service
John D. Harvey
Akron
LeMars
Iowa
All America
Towa
Union
Brewing
Nine Brewers
Lowe Divisione
Liberty Bldg
Des Moines, Own
Grant
Register-Tribune Advertisers
Carolyn Wells
Sioux City
Nelson Hatchery
Tucker's
Alf Val
Peyrscuste
Kraft Miniature Marshmallows
California
Sunkist
DAK, & Minn
Teas
Mlarcrest
LUX Liquid
Kori
National Tea Co
Atere
Kraft French Dressing
Pecan Sandies
LUX
Red
Rinso Blue
GIANT
PKS
Ner
Unity
Gans
Lman Pride
HUNTS
Bottlees
Reynolds Heavy Duty
Bares
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