Tax Law Changes On Tax IDs Penalties And Fraud
The text outlines penalties for not providing a taxpayer identification number to employers or payers, with fines up to 50 or 15 percent withholding. It explains civil fraud penalties for underpayment now including interest-related penalties. It notes criminal tax evasion penalties rising to as much as 100000 dollars for individuals and 500000 for corporations with possible prison time, plus higher fines for failing to pay estimated tax or keep records.
IRS Envisions Major Hire Drive Under New Tax Law
The tax overhaul increases penalties for false filings and extends imprisonment. IRS plans to add 1 200 staff to audit returns and collect overdue taxes under the prior law while awaiting funding. Congress backed large increases for fiscal 1983 84 85 to bolster enforcement and boost revenues.
MENTIONED IN THIS ARTICLE
IRS
White House
Congress
Conestoga 1 Private Rocket Flies Suborbital Test
MATAGORDA ISLAND Texas AP Conestoga 1 America s first privately controlled rocket launched from this Texas coast island on a 1042 minute sub orbital flight. The 37 foot rocket rose to 192 miles altitude and splashed down 321 miles from the pad. A dummy payload released 400 pounds of water into space as 300 spectators and 200 guests watched SSI officials praised the mission and acknowledged the landowner s death in a somber note.
MENTIONED IN THIS ARTICLE
Matagorda Island
Texas
America
Gulf of Mexico
Gulf
SSI
Teddie Lee Wynne
Swiss police storm Polish Embassy hostage crisis ends
Swiss police stormed the Polish Embassy in Bern and freed five hostages after blowing the door with a remote controlled device hidden in a food container. Four gunmen were arrested, led by Florian Kruszyk, a Polish ex-convict. The raid followed demands including 1.45 million dollars and safe passage to China or Albania. The operation was completed in under an hour with no casualties.
MENTIONED IN THIS ARTICLE
Carolyn Lesh
Associated Press
Bern
Switzerland
Blowig
Poland
PAP
China
Albania
Furgler
Florian Kruszyk
Kruszyk
Secret Service
World Bank donors bar U S firms over aid cut
Donor countries at the World Bank IMF meeting in Toronto barred U S companies from at least 640 million in foreign contracts as Congress cut U S contributions to IDA. The other 31 donors channel funds into a parallel special fund over the next two fiscal years amid the IDA restructuring.
MENTIONED IN THIS ARTICLE
Toronto
World Bank
U.S
International Development Agency
United States
International Monetary Fund
Moeen Oureshi
Oureshi
Jimmy Carter
Paisley Granted US Visit for Funeral in California
The State Department reversed course and allowed Ian Paisley to travel to the United States to attend the funeral of Rev. Guy Archer Weniger at Foothill Baptist Church in Castro Valley California. The decision follows last year’s visa cancellation tied to a planned political speaking tour.
MENTIONED IN THIS ARTICLE
Thern Ireland
United States
Paisley
Guy Archer Weniger
Foothill Baptist Church
Castro Valley
Calif
State Department
Weather brief with scattered storms across Texas
Partly cloudy Odessa forecast shows 20 percent chance of evening storms, upper 60s tonight, southeast winds 5 to 10 mph. Friday highs about mid 90s with southerly winds 10 to 15 mph. Forecasts expect widely scattered showers and thunderstorms across Southeast and South Texas tonight into Friday.
MENTIONED IN THIS ARTICLE
U.S. Air Force
Gulf of Mexico
Marfa
Corpus Christi
Texas
South Texas
National Weather Service
Midland Regional
Finance and accounting careers across Texas and beyond
Several professionals profile finance and accounting careers in Texas and nearby states. Ronald Otkin heads city finance in St. Peter Minnesota with prior Pipestone service. Ruth Richardson runs a Dallas CFA firm and IRS district stint. S M Chittenden advances from Pampa to Cleveland as city manager with finance background. Additional profiles include David Wier CPA tax division staff and military service, Reid Charles as Shreveport consultant, James Timmons CPA with El Paso link, G S Harshman Odessa public accountant, and Mark Blackmon Odessa oil cost manager.
MENTIONED IN THIS ARTICLE
Muser
Wayne State University
Ronald J. Otkin
St. Peter, Minn
Pipestone
Minn
Otkin
Pipestone Area Vocational Technical Institute
Ruth Neel Richardson
Odessa
Richardson
Dallas
Intern
L Revenue Service
Odess' College
University of Texas
Permian Basin
S.M. Chittenden
Cleveland
Texas
Pampa
Chittenden
Fort Hays State University
Hays
Kan
Washburn University Law School
Topeka
Institute For Training In
Washington, D.C
David Wier
Davis-Kinard and Co
CPA
Air Force
Wier
Baylor University
Abilene Christian University
Abilene Christian
Reid S. Charles
Shreveport
Charles
Lincoln
Neb
Kansas City
Brookline
Mass
New Orleans
Newton
University of Wichita
Kansas
Wichita State University
James A. Timmons
U.S. Army
Timmons
el Paso
University
Blackmon
Also Mentioned on This Page
Space Services Inc. of America
Kurt Furgler
Gar
Vienna
Austria
GOP
Austin
Chet Upham
Republican Executive Committee
New York
Florida
Gary McNichol
Colorado
Howard Appledorf
Gainesville
Fla
Paul Everson
Roslindale
Boston
Woodbury, Conn
Wastehill
Washington
House
Resource Conservation and Recovery Act
Senate
Fourth Street
Odessa American
P.O
Home Delivery
Panhandle
Seers Mail
Lyr
Émo
Hi Lo Pep
Abilene
Alice
Amarillo
Beaumont
Brownsville
Childress College Station
NOAA
US Dept of Commerce
McAllen
Darhart
Midland
Palacios
del Rio
San Angelo
San Antonio
Fort Worth
Shreveport, la
Galveston
Stephenville
Houston
Texarkana Longview
Victoria
Lubbock
Waco
Lufkin
Wichita Falls
Wink
Finance
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