Year End Tax Tips And Hiring Sense For Holidays
Taxpayers can deduct thrift-store values by comparing prices at Goodwill and Salvation Army, and must keep itemized donation records with receipts for $250 or more. The Kiddie Tax rises to 15 percent on earnings above $650, while Mexico pushes maquiladoras to report higher profits and U.S. states debate taxing services across borders. Hotel mystery guests may cost up to $5,000 per stay but reveal service gaps, and December often brings new job openings as firms hire before year end budgets.
MENTIONED IN THIS ARTICLE
Will Industries
Salvation Army
Julian Block
Larchmont
N.Y
IRS
Rex L. Davidson
Goodwill Industries
Greater New York
St. Louis
Douglas Mueller
Mueller, Prost, Park & Willbrand
Mexico
Maquiladora
Todd Szalkowski
Ernst & Young
Maquiladoras
Oklahoma
Jefferson Lines Inc
U.S. Supreme Court
Jefferson
Steven DeRuyter
Minneapolis
Carl Braunlich
Purdue University
Braunlich
Sian
Andrew Sherwood
Hedge funds push Venezuelan Brady bonds higher
Wall Street traders led by Steinhardt Management rushed into Venezuelan Brady bonds boosting prices by about 10 percent. The move followed a strategy using knock-in options to press the market, with both calls and puts tied to 49 and 51 strike levels. Firms involved declined to comment as liquidity and thin year-end activity amplified volatility.
MENTIONED IN THIS ARTICLE
Steinhardt Management Co
Treasury
Nicholas Brady
Steinhardt Management
Wall Street
Salomon Brothers Inc
Lehman Brothers Holdings Inc
J.P. Morgan & Co
Bankers Trust New York Corp
Steinhardt
U.S
Venezuela
Beware tax man's big bite on after-tax fund returns
Investors should assess tax efficiency of stock funds as capital-gains distributions in December affect after-tax results. Morningstar says fund management style can change after-tax outcomes, even with equal stated performance. Vanguard promotes tax-efficient funds amid a tax-conscious investing climate.
MENTIONED IN THIS ARTICLE
Uncle Sam
Patrick Geddes
Morningstar Inc
Vanguard Group of Investment Cos
Morningstar
Growth funds cited as attractive despite flat markets
Lipper Analytical’s Michael Lipper says inflation hedge and growth stock funds may rise while money funds outperform stock and bond funds in 1994. He notes stock funds faced net outflows in November and bond funds have drained since spring, with overall fund growth slowing to about half previous pace.
MENTIONED IN THIS ARTICLE
New York
Thdese
Michael Lipper
Lipper Analytical Services Inc
Goss Seee
Lipper
San Antonio businessman teaches kids money management basics
San Antonio entrepreneur Bill Todd leads Kidcor Ltd. as chief officer and aims to ship over 100,000 units of ParentBanc by year end. The device blends a calculator and checkbook to teach children money management with interactive savings and spending prompts.
MENTIONED IN THIS ARTICLE
San Antonio
Bill Todd
IBM Eee
Idest Tact
Kidcor Ltd
ParentBanc
New York
Parent- Banc
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Maquiladora Profits
Ax Santa
Razor’s Edge
Osie
Michael R. Sesit and
Laura Jereski
The
Wall Street Journal
Michael Steinhardt
Growth Funds
Oakmark
Putnam New __ Opportunities
Parnassus
Knight-Ridder Tribune
Crabbe Huson
Pioneer Capital __Growth
Longleaf Partners
Baron Asset
RSI
Fidelity
FPA Capital
Woodward Retail Shar
Franklin Balance Sheet
Fidelity Destiny
Erican
New Jersey
Todd
TexCom Inc
Logic Trace Inc
Hills Co! Club
Louisiana Polytechnic University
Intelogic Trace
Fed
Toys ‘R’ Us
CBS News
San Antonian
Arthur Fasano
Goodwill
Elaine Lima
West Telemarketing
Milestessant
Asia
Michigan
Laredo
Banc
Army Air Force Exchange Service
Dallas
Thomas Cobb