IRS cool toward Massachusetts tax amnesty plan faces opposition
The IRS opposes a federal tax amnesty, warning it could look like special treatment for cheaters, while Massachusetts shows large revenue from a three month amnesty. Advocates say amnesty could boost voluntary compliance and federal revenues, with groups like the American Bar Association urging study.
MENTIONED IN THIS ARTICLE
Washington
Massachusetts
Internal Revenue Service
IRS
Jack Warren Wade Jr
U.S. Army
Wade
Arlington
Ernie Acosta
Roscoe L. Egger Jr
Congress
House
Thomas P. O’neill
O’neill
Dan Rostenkowski
D-Iii
Ways and Means Committee
Citizen’s Choice
Chamber of Commerce of the United States
Senate
National Taxpayers Union
American Bar Association
IRS Revenue
IBM earnings spark mixed session as market trends slide
The busy New York market closed lower amid mixed IBM results. IBM climbed to intraday highs after reporting fourth quarter earnings of 3.06 a share, but ended down, dragging tech names and weighing on the Dow which fell 2.09 to 1,269.37.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
IBM
Housing starts rise 60 percent in 1983 but below peak years
U S home builders saw 1983 starts reach 1.703 million units, up 60 percent from 1982 but still far below the 1970s boom. December starts fell 5 percent with single family housing down 11.4 percent due to severe weather, while apartments rose.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Department
South
Mark Riedy
Mortgage Bankers Association
Company posts strong earnings growth led by auto division
First quarter results show 11 percent revenue growth to 2 million with net income up to 91,900 and earnings per share 59 cents. Chairman Robert Anderson credits the automotive turnaround for the surge, while fourth quarter revenue rises to 12.9 million and net income to 1.86 million. Fiscal year revenue totals 40.18 million with net income 5.49 million and 9.04 per share, described as the greatest earnings increase in 15 years.
MENTIONED IN THIS ARTICLE
Robert Anderson
Sears indicted again in U S import duty case
A federal grand jury in Los Angeles charged Sears, Roebuck and Co. with one conspiracy count and twelve false statements counts for alleged actions from 1968 to 1975 to defraud the United States by misrepresenting imported Japanese and Korean television sets to evade Anti-Dumping Act duties. Sears disputes the charges.
MENTIONED IN THIS ARTICLE
Washington
Sears, Roebuck and Co
William French Smith
U.S. District Court
Los Angeles
United States
Sears
U.S. Customs Service
Chicago
Ernest Arms
Oelwein Bank S&L to Merge with First Federal
OELWEIN Iowa Oelwein Federal Savings and Loan Association will merge February 1 with the Oelwein branch of First Federal Savings Bank of Waterloo First Federal will move into the former Oelwein Federal building at 20 First Ave NE Betty Ohl will be assistant vice president and branch manager of the combined bank Duane Red Hanson of Oelwein Federal named special projects coordinator The merger aims to offer a larger variety of services to customers.
MENTIONED IN THIS ARTICLE
Ohl
Furniture maker moves to Oelwein for March startup
Great Plains Furniture Industries a 65 year old Kansas company will relocate production to Oelwein and start dinette set production by mid March. Owner Jody Keener plans 20 new hires at startup with up to 50 more when full production begins.
MENTIONED IN THIS ARTICLE
Iowa
Oelwein
Kansas
Jody Keener
Cedar Rapids
Great Plains Furniture Industries
Keener
Oelwein Development Corp
Superior Plastics
Triangle Plastics
Winthrop
Chamber of Commerce
Bob Sielman
Bandag charged with excessive driver hours in Iowa
Bandag Inc of Muscatine faces a six count federal information in Des Moines accusing the firm of requiring or permitting drivers to stay on duty over 70 hours in eight days and of failing to report accidents within 30 days.
MENTIONED IN THIS ARTICLE
DES Moines
Bandag Inc
Muscatine
U.S. District Court
Also Mentioned on This Page
Digital Equipment
Motorola
Datapoint
Honeywell
Texas Instruments
Federal National Mortgage
Exchange
Standard & Poor’s
S&p
Rockwell
Sears TV
S&l
Furniture Factory
Job Service of Iowa
Third St. SE
Interstate Furniture Sales
World Furniture Warehouse
Omaha
Neb
Topeka
Kan
Bandag
Thorp Commercial
America
Thorp
Commercial A Financial Service of
ITT
Roger Nansel
Ittcfc
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