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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Dec 13, 1973
Page
5
Farm Record Specialist Bob Webb urges managers to plan fall and winter decisions to boost profits. He highlights selling contracts, holding periods, and tax options, noting year end tax planning can affect 1973 profits and 1974 tax bills. Four tax tips are proposed including the federal income tax investment credit provision.
Amtrak says strong demand during the Christmas period will lead to hundreds of borrowed cars added to longhaul trains. Officials note some days will still offer seats, while cancellations occur as travel picks up after Thanksgiving amid energy concerns and airline strikes. Growth rate climbs above 20 percent.
Planning could help area farmers save on taxes by using seven percent tax credits on equipment purchases, advancing feed and seed before year end to deduct in 1973, deferring payments to shift income to 1974, and paying wages to dependents to maximize deductions. Consult a farm financial advisor or IRS office for details.
Market activity in New York shows equities dropping with decliners roughly seven to one against gains. The slide marks another tough session for investors amid broad sell pressure and weak leadership across major sectors.
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