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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Feb 23, 1993
Page
9
Maryland and federal tax officials report smooth 1992 season with about one quarter of filers submitting by Feb 19. Nationally, earned income credits and higher exemptions are in effect, joint returns required for two earners, and refunds average around $1,000 federally and $330 in Maryland.
Maryland and federal officials announced a cooperative program to help nonfilers with back taxes from 8 a.m. to 4 15 p m on weekdays at the Hagerstown IRS office and extend special sessions on February 27 and March 6 from 9 a m to 1 p m. The effort, not amnesty, requires payment of owed taxes and penalties, but may offer refunds in some cases and aims to reduce criminal action while encouraging timely future filings. For details callers may contact the IRS at 1 800 829 1040 or the Maryland tax office at 1 800 MD TAXES.
Area market items note stocks of local interest now quoted on NASDAQ. Ferris, Baker Watts Inc. provides quotations.
Chicago grain futures for wheat corn and soybeans show varied activity with Mar May and Jul contracts and changing open high low last figures. Treasury auctions in Washington report three month bills at 2.96 percent and six month bills at 3.05 percent with shifts from last week and notes on historic highs and lows.
Penril DataComm Networks Inc. announces second quarter results ending January 31 1993 showing revenues of 13.312 million, up from 11.8 million in the same quarter last year and 11.288 million in the prior quarter ending October 31 1992.
Nikkei shares fall as the dollar sinks to fresh lows and the yen weakens. Officials seek ways to curb Japan’s massive trade gap while exporters' stocks stumble on the market impact.
New York stocks finished higher on Monday with light breadth after a day of heavy trading. The Dow rose 20.81 to 3942.99 as health care and biotechnology shares fell amid investor worry over Clinton’s proposed economic plan and health care cost controls.
Beth A. Helmick CPA opened an accounting office at 202 AE Main St Thurmont offering tax and bookkeeping services for individuals and small businesses. She highlights personalized service, year round tax advice, payroll returns, and setup of bookkeeping systems while noting credentials from Hood College and WVU with CPA associations.
MNC Financial Inc parent of American Security Bank and Maryland National Bank reported a 35.5 million fourth quarter profit, 31 cents a share, reversing 1991 losses as nonperforming loans and foreclosed assets declined 139 million and it plans to dispose of about 200 million in such assets each quarter.
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