Regulations on Tax Deductions Revised
The IRS liberalizes expense account rules for travel and entertainment. Taxpayers may deduct certain costs including country clubs yachts and hunting judges under new rules effective this tax year with non enforcement until July 31. The changes ease proof of business purpose for entertaining and dining to gain income.
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Internal Revenue Service
IRS
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Senate Extends Export-Import Bank Five Years to 1968
The Senate approved 72 to 1 a bill to extend the export-import bank to June 30, 1968 and add 2 billion dollars to its borrowing authority. Sen. Strom Thurmond voted no. The measure heads to conference with the House over funding method.
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Washington
Senate
Strom Thurmond
D-S.c
House
Treasury
Bank
Appropriations Committees
20/20 The Professional Eye Medication Ad
An advertisement promotes 20/20 The Professional Eye Medication for minor eye irritations. It claims fast relief and urges buying at drug counters with a stated 90/20 offer.
Kennedy Aide To Visit Bohlen In Paris
President Kennedy's special assistant Bundy will travel to Paris this week for a personal visit with Charles Bohlen the U S ambassador to France. Officials say there will be no official talks during the stay. Bundy plans to join the Dublin state visit to Ireland and spend time with Bohlen in Paris.
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Germany
McGeorge Bundy
Kennedy
Paris
United States
Dublin
Ireland
Bundy
Charles E. Bohlen
France
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