Service Charge Is Deductible for Installment Purchases
Tax guidance explains that carrying charges on installment sales are deductible as interest if stated separately in the contract even without a labeled interest rate. The deductible portion equals 6 percent of the average unpaid balance for the year, calculated as the sum of each month's unpaid balance divided by 12.
MENTIONED IN THIS ARTICLE
Albert
Color TV
Radio Station Wins Settlement Over Advertising Boycott
Mansfield radio station WMAN received about 100000 in a settlement with the Mansfield News Journal. The suit, filed in 1952, claimed the newspaper attempted to force WMAN out of business by boycotting advertisers who also worked with the station. The case was tied to a similar WEOL suit against Lorain Journal.
MENTIONED IN THIS ARTICLE
Cleveland
Mansfield
WMAN
Mansfield News- Journal
U. S
Ben C. Green
News-Journal
WEOL
Lorain Journal
Privilege for Clergy Communications in Court
A 1968 ABA feature explains priest-penitent privilege. Common law offered no protection, but many states now shield confidential talks with clergy, though casual conversations or nonadmissions rarely qualify. Courts honor privacy in penitence cases, while disclosures from ordinary chats may not be privileged.
MENTIONED IN THIS ARTICLE
Middletown Bar Association
American Bar Association
Today In History highlights for February first
Events include the Supreme Court's first session in 1790 in New York City, Texas's 1861 secession vote, Howe's Battle Hymn published in 1862, 1892 Mrs. William Astor's 400 guest ball, Edison’s moving picture studio in 1893, early auto mobile insurance in 1898, Autherine Lucy's 1956 Alabama admission, the 1960 merger talks forming the United Arab Republic, Diefenbaker's 1959 dispute over defense, and 1960s House Democrats' senority issue.
MENTIONED IN THIS ARTICLE
Supreme Court
Royal Exchange Building
New York City
Texas
Julia Ward Howe
Atlantic Monthly
William Astor
New York
Thomas A. Edison
West Orange
N.J
Mobile
Travelers Insurance Co
Thomas Martin
Buffalo
N.Y
Autherine Lucy
University of Alabama
Nasser
Egypt
Syria
United Arab Republic
Canada
John Diefenbaker
United States
House
John Bell Williams
Mississippi
Barry Goldwater
Dacrone Ninon Sheer Drapery Fabric Details
Describes Dacrone Ninon sheer polyester fabric for privacy and light, in pinch pleat and ruffled versions with deluxe finishing. Notes machine washability and no ironing. Includes width length price variations for 63 to 160 inch widths and 1 to 120 inch options across multiple styles and finishes.
MENTIONED IN THIS ARTICLE
Burltherm
Charmhouse
Also Mentioned on This Page
Ned Hoelzer
CPA
M.C
L. D
THE
Associated Press
Agels
Widdeletowns
Window
Burlington House
Price
Dacrone
Ninon
Finch