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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 14, 1961
Page
12
The treasury will not rely solely on business returns to reveal wasteful spending. It is expanding its auditing and verification efforts for expense account fringe benefits. The next column will cover this phase.
Sylvia Porter explains how the 1960 business tax returns will spotlight expense accounts for corporate officers partners and top employees when combined earnings and expenses total 10000 or more. The returns must list names and separate earnings and expenses, with penalties not imposed for noncompliance but risk of audit. The article details broad definitions of expense accounts including credit card charges and personal use facilities.
L H Gerks, chairman of the Eastern Iowa Science fair, reminds students that Wednesday is the deadline for entry submissions. A technical advisers committee offers help for advanced projects, with entries accepted even if not completed. The second annual fair, April 9, features scholarships totaling over $2,000.
On February 27, 1961, the undersigned was appointed and qualified as Administrator with will annexed of the estate of William Bell, Linn County Iowa. All persons indebted must make immediate payments to the administrator. Claims against the estate should be filed with the Clerk of Linn County District Court.
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