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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 14, 1976
Page
14
Readers seek advice on investment gains from a $4,500 mutual fund and whether to withdraw. The expert explains total invested plus reinvested dividends, shares times price, and quarterly reports to gauge current value. Additional Qs cover AAA bonds versus higher-yield pitches, mortgage amortization versus reinvestment, transfer of dividend arrears on cumulative preferred stock, and tax exempt bonds in two names with bearer form.
Sylvia Porter reports that the 1976 Tax Reform Act restricts home office deductions. Only specific uses qualify and the home must be used regularly and exclusively for business. Employees must show employer convenience and meet new rules to deduct. IRS clarification is urged before the April 15 1977 filing date.
AP reports nine Protestants and Catholics receive long prison terms for English bombings. In London four Protestants get 10 to 15 years for the Biddy Mulligan bar blast aimed at hit IRA cash drives. The Kilburn bar attack injured no one seriously amid a crowded pre Christmas blast. Five IRA men in Birmingham earn 10 years after being found guilty of planting at least 26 bombs in 1974 across theaters warehouses stores and bars.
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