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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Dec 09, 1975
Page
4
As millions rush to beat the December 31 deadline for tax sheltered IRAs many may overcontribute. If contributions exceed the deductible limit and are not corrected in time penalties apply and the excess may be disallowed.
A Field Enterprises notice warns taxpayers about limits on 1975 IRA deductions, penalties for excess contributions, and options to withdraw or reallocate excess amounts. It stresses filing Form 5329 with 1975 returns and notes deadlines around April 15 1976 and extend dates.
The article notes General Electric as the world’s largest electrical equipment maker with $13.4 billion in annual sales and 400000 employees. It highlights GE’s lobbying clout in Congress over the F 18 program, which involved 6billion in potential contracts and shifts in votes by district plant location, with GE engines planned for Lynn Massachusetts and Evendale Ohio.
Cattle and calves 6 400 head with steers and heifers mostly steady and prime loads reported. Holsteins and dairy cows show narrower ranges with varying quality from 39 to 46 dollars, slaughter cows and bulls mixed. Hogs 7 700 head including 1 200 feeder pigs, prices largely steady with heavier weights weaker. Sheep 1 800 head show lamb prices steady to modestly lower, ewes and feeder lambs near prior levels.
Grain markets report Chicago on Monday shows Wheat No 2 hard red at 3.542n and No 2 soft red at 3.44/2n. Corn No 2 yellow 2.70an hopper and 2.63n box. Oats No 2 heavy 1.60/2n. Soybeans No 1 yellow 4.73n with No 2 yellow. Friday soybeans sold at 2.722 hopper.
Chicago reports Wisconsin egg prices up two cents across all grades with good demand and adequate supplies. Large eggs 71 to 75 cents per dozen and mediums 69 to 72 cents.
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