Intrafamily loans offer mutual benefits under tax limits
The piece explains intrafamily lending as a way to bypass gift tax once gifts stay under 11 000 per year. It notes IRS minimum rates for short term midterm and long term loans and cites August rates 1 21 2 67 and 4 29 percent respectively. It contrasts with personal loan rates about 14 percent and warns gift tax applies beyond 11 000 with a top rate of 49 percent in 2008.
MENTIONED IN THIS ARTICLE
York
IRS
Bankrate.com
Year-end layoffs rise as budgets get revised
Challenger, Gray & Christmas reports average monthly job cuts rose in September to December from 80,858 notes and 64,914 earlier in the year, with major firms still hiring to reshape operations. A separate Edelman survey finds one third faced computer infections and 43 percent feel work PCs are more secure than home machines.
MENTIONED IN THIS ARTICLE
Challenger, Gray & Christmas Inc
Edelman
Chicago
New York
Wehrenberg Theatres expands amid theater closures
Wehrenberg Theatres plans a 10 million 16 screen Cedar Rapids complex at Park Place and Council Street NE as rivals shrink. Ronald Krueger II credits the family legacy dating to founder Fred Wehrenberg and vaudeville promotions for the chain’s staying power.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Ehrenberg Theatres
St. Louis
Wehrenberg 16 Cine
Cedar Rapids
Council Street
Park Place NE
Wehrenberg Theatres of
Wehrenberg Theatres Eyes 16 Screen Cedar Rapids Complex
Ronald Krueger Sr of Wehrenberg Theatres notes the Cedar Rapids project continues a family legacy of innovation. The St Louis chain, with 40 locations in Illinois and Missouri, began in 1906 and opened the region’s first drive in theater in 1948. Krueger credits founder Fred Wehrenberg after a 1904 World’s Fair moment that inspired the business.
MENTIONED IN THIS ARTICLE
Wehrenberg Theatres
St. Louis
Wehrenberg
George C. Ford
Gazette
Cedar Rapids
Illinois
Missouri
United States
Ronald Krueger Sr
Fred Wehrenberg
Twinkies and Wonder Bread Sales Struggle at Interstate Bakeries
Interstate Bakeries, maker of Twinkies and Wonder Bread, posts a second quarterly loss as Krispy Kreme and other rivals erode profits. CEO James Elsesser cites the “Krispy Kreme phenomenon” while analysts urge product modernization to stay competitive.
MENTIONED IN THIS ARTICLE
Interstate Bakeries
Wonder Bread
Nourral
Kansas City
Kreme Doughnuts Inc
Interstate Bakeries Inc
John McMillin
Prudential Equity Group Inc
James Elsesser
Interstate
Also Mentioned on This Page
Marshall Loeb
MarketWatch
Louis
Krueger
Ronald Krueger
Wehrenberg Inc
By Amy Shafer
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