Are car rebates taxable income or not
Northwestern reports an IRS tax adviser says auto purchase rebates are not taxable income for federal purposes, treated like dealer discounts. State sales tax may differ, with tax typically due on the pre rebate price, impacting the amount owed on a $5 000 purchase after a $500 rebate. The article notes the nuance and potential extra savings if discounts come at the dealer rather than as manufacturer rebates.
MENTIONED IN THIS ARTICLE
Northwestern
IRS
Tax Advisory Service
State Department of Revenue
IRA ends truce in Northern Ireland violence flares
The IRA ends the holiday cease-fire with bombings and shootings in Northern Ireland leaving four dead. British and IRA officials seek to negotiate a resumption of talks as violence erupts in Belfast Strabane and near the border. An IRA unit detonated a car bomb in downtown Belfast killing two guerrillas. another gunman died in a bus hijack attempt. A man found shot near the border and a bombing at a veterans club in Strabane are also reported amid ongoing clashes and injuries to police. The cease-fire collapsed last week ending a 25 day lull in the sectarian conflict.
MENTIONED IN THIS ARTICLE
Belfast
UPI
Irish Republican Army
Northern Ireland
IRA
Sional Wing
Army
Irish Republic
Strabane
Army Council
Dublin
Ford plan for higher fuel economy without relaxing standards
A Federal Energy Administration analysis argues Ford's goal of 40 percent higher fuel economy by 1980 could be met without relaxing emissions or safety rules. The report suggests mileage could rise from 14 to about 19.6 mpg even with planned 1977 1978 standards in place, while Ford favors a five year freeze on new standards and a slight tightening beforehand. Environmental groups and hearings followed as Ralph Nader released the executive summary and questioned the need to ease rules.
MENTIONED IN THIS ARTICLE
Washington
Federal Energy Administration
Ford
FEA
Ralph Nader
Environmental Protection Agency
Nader
Camp David
Wisconsin Assembly Bans Eating Drinking Smoking in Chamber
Wisconsin legislators moved to polish their image by banning eating drinking and reading newspapers in the Assembly. The smoking ban passed 51 41 with water-only rule and debates lauded hope of safer environment and calmer proceedings as members joked about self discipline and coffee consumption.
MENTIONED IN THIS ARTICLE
Madison
Wisconsin Assembly
Terry William
Chippewa Falls
John Shabaz
New Berlin
Shabaz
Ford starts selling economic program blitz in nation
President Ford vowed to veto a gasoline rationing bill and oppose wage price controls as he promoted his antirecession and energy plan. He warned Congress and the public that continuing deficits threaten the economy and outlined plans including tariffs on crude oil and tax measures. He also said the U S reserves the right to use force if foreign oil supplies are cut off and stressed a hypothetical defense in extreme cases.
MENTIONED IN THIS ARTICLE
Washington
Ford
Conference Board
New England
Middle East
Henry Kissinger
One Million Claims Hit Jobless Aid in 1975 Week
Washington reports nearly one million new unemployment insurance claims for the week ended January 11, 1975, a rise of 289000 from the prior week and the highest weekly total since the program began. The total already collecting benefits reached 4.62 million for the week ending January 4, as unemployment rose to 7.1 percent, the highest since 1961.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Department
Cuba proposes prisoner swap involving Lunt and Lebron
Cuban officials reportedly offered a swap to free Lawrence K Lunt, a Massachusetts native imprisoned for espionage in 1966, in exchange for Lolita Lebron, one of four Puerto Rican nationalists who attacked the U S House chamber in 1954. The proposal was referred to the Justice Department and officials declined comment.
MENTIONED IN THIS ARTICLE
Washington
Cuba
United States
CIA
House of Representatives
Lawrence K Lunt
Massachusetts
Lunt
Lolita Lebron
Justice Department
State
Lebron
Alderson
W Va
Mideast war talk muted amid peace negotiations
United Press International reports Israel and Egypt downplay war talk and push negotiations. Officials say no immediate Syria Golan Heights deal due to terrain and conditions, with Syria seeking maximal land return. Israel may bargain with Jordan’s King Hussein over the West Bank, though Hussein is now sidelined by the PLO. Haaretz cites US contingency plans for bases in Israel scrapped after Israel did not request them.
MENTIONED IN THIS ARTICLE
United Press International
Israel
Egypt
Syria
Golan Heights
Ths
Jerusalem
Tzhmk
Henry) Kissinger
Jordan
Hussein
West Bank
Jordan River
Palestine Liberation Organization
Tel Aviv
Ha'aretz
Washington
United States
U.S
Warmer Tonight With Partly Cloudy Skies
Partly cloudy and warmer tonight with overnight lows in the teens. Details on page 2.
School bus driver faces marijuana sale charges
Winneconne High School bus driver Stephen D. Krell, 20, of Oshkosh, was charged with two counts of selling marijuana to students aged 14 who rode his bus from Winneconne and Larsen. Krell appeared before Judge William H. Carver and was released on signature bond with a January 31 hearing. attorney Wallace Barlow and Dist. Atty Leo W Mack represent the case. Authorities learned of the alleged sales from the high school principal William Brets ter on November 1.
MENTIONED IN THIS ARTICLE
Winneconne High School
Winneconne
Larsen
Stephen D. Krell
Hilltop Road
Oshkosh
Krell
William H. Carver
Wallace Barlow
Dist
Atty Leo W Mack
Winnebago County
William Bretster
Mother who bore ten children seeks fertility drug again
San Jose report of Charlotte Lange, who gave birth to ten babies in ten months, survived sextuplets while five died earlier. Jolene Renee, two pounds fourteen ounces, remains in Santa Clara Valley Medical Center as doctors consider Pergonal again to avoid Jolene being an only child. The Lange family, including husband Alvin, faced public hostility and high bills while weighing adoption and repeated fertility treatment.
MENTIONED IN THIS ARTICLE
San Jose
Calif
UPI
Charlotte M. Lange
Jolene Renee
Santa Clara Valley Medical Center
Jolene
Also Mentioned on This Page
John Combellick
Carl Plotz
Vinland
George Dobberke, Jr
Vinland Center Road
Assembly
Congress
State Department
Mideast
Lange
Alvin
Langes
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