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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Apr 06, 1997

Page

38

Youth saving advantage over time and retirement choices

Article outlines how starting at age 30 with 2000 yearly for 15 years yields 470 294 by age 65 versus 291 987 if started at 35. Emphasizes early saving boosts, with specific balances by age 65 for each start age. Includes questions about restricted stock and non U S tax reporting in a mixed editorial column.

Reporting tax on payments by Gary Klott

Financial institutions label savings payments as dividends but tax rules treat them as interest. Report 1099-INT as interest and 1099-DIV as dividend income to avoid IRS discrepancy notices. Check the year-end statement to determine proper reporting category.

England U.S Gary Klott Knight-Ridder Credit Unions Mutual Savings Banks Savings and Loans IRS

Yields rise on money funds in latest week

The seven day average yield on money market funds rose to 4.96 percent from 4.83 percent the prior week, while 30 day yields edged higher to 4.85 percent. Bank Rate Monitor reports steady yields for money market accounts at 2.63 percent and CDs advancing across ten markets. Total assets of retail, tax-exempt, and institutional money market funds increased to $654.03 billion.

New York IBC Money Fund Report Ashland Mass IBC Financial Data Inc IBC Financial Data Money Funds Newsletter Bank Rate Monitor Savings and Loan North Palm Beach Fla Bank Rate Monitor Investment Company Institute Federal Reserve Robert K. Heady North Palm Beach, Fla Heady Raney

Stock market slide changes household investing plans across the Midwest and New York

New York investor Laurene O'Brien and Ohio retirees La Venne and Robert Raney adjust their portfolios as the Dow falls over 8 percent from its March high. Many stay the course while others seek bargains, with bankers pushing higher CDs as a safer alternative.

Kaleb Briana O’brien Astoria N.Y Columbus Ohio la Venne Robert Raney Raneys

IRS myths about tax tips debunked by agency

The IRS and tax experts debunk rumors about filing, including peel-off labels on Form 1040, audits from deductions, and electronic filing. They stress myths can hinder legitimate deductions, while noting voluntary self assessment differs from property tax. Seek IRS guidance for doubts.

Knight-Ridder News Service Internal Revenue Service IRS Teri Dixon Cincinnati Tax Dixon Mary Turville National Society of Accountants Alexandria Turville Robert Stultz Ohio State Society of Enrolled Agents

Also Mentioned on This Page

Arcadian Power Co Utah No. 3 Susan Bondy Cedar Rapids P.O Bondy Terest Laurene O’brien Todd Gillingham Lutheran Brotherhood Minneapolis Dave Mapes AJS Realty Grand Rapids Mich Larry Elkin Hastings-on-Hudson Tim Loughran University of Iowa Stultz Contract Furniture OB International North Compton Hiawatha CPA Sieh & Company Arthur Andersen Firstar Bank Iowa Belle Plaine Glenn Drahn Park Drahn Ins Bryant Aaron Marx Bonnie Loren Kiel Midwest Paul Styve Phil Waniorek Iowa Falls Dick Smith CLU - Smith Keota Bob Helscher CLU Chfc Financial Services D.J. Aanestad & Associates Executive Plaza Ohio National Financial Services A.M. Best Company Choice Ohio National Life Insurance Company Choice I
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