IRS Warns Against Overpricing Donations in Florida
The IRS cautions Floridians against inflating charitable donation values. Taxpayers must determine fair market value using factors such as cost, sales of similar items, replacement cost, and expert opinions. Penalties apply for overstated values. Call 1-800-241-3860 for Publications 526 and 561 and seek professional tax advice.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Merlin W. Heye
IRS
Florida
More Reservists Eligible for Retired Pay Under New Law
Air Reserve Personnel Center officials in Denver announce a public law change expanding eligibility for retired pay. Reservists who served before August 16, 1945 and did not active depart in WWI WWII or Korea now qualify, effective October 1 if all other requirements are met. The law also extends eligibility to active duty periods during the Berlin and Cuban crises and Vietnam. Interested reservists should contact ARPC Retirements Branch at ARPC/DPAAR Denver CO 80280 or call 1-800-525-0102.
MENTIONED IN THIS ARTICLE
Air Reserve Personnel Center
Denver
Korea
Berlin
Vietnam
ARPC
DPAAR
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