Many Americans Cheat Themselves By Overpaying Taxes
An accounting expert says millions overpay federal taxes due to ignorance and laziness. He urges itemizing deductions when possible, especially with home ownership and state taxes. Audit risk rises if deductions are high or flagged, but proper documentation eases audits. Adjust W-4 exemptions to fix withholding.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Herbert M. Paul
Touche & Ross
Paul
Stockman defends federal loan cuts in fuel program
Budget Director David Stockman tells the Congressional Gasohol Caucus that ending loan guarantees for alcohol fuel plant construction is a tough fiscal line, not a withdrawal from supporting fuel alcohol. He cites tax incentives worth $4.3 billion and rising oil prices as drivers to keep government support via credits and tax breaks. He warns loan guarantees could balloon to a trillion dollars by 1985 if not controlled, while asserting no repeal of existing incentives.
MENTIONED IN THIS ARTICLE
Washington
David Stockman
Reagan Administration
Stockman
Congressional
Gasohol Caucus
Floyd Fithian
Ann Arbor
Mich
Reagan
Federal Reserve
University of Michigan
FBI Loses Civil Rights Suit In Ancient Wiretap Case
Five plaintiffs including Johanna Lawrenson who lived with Abbie Hoffman during his fugitive years were awarded $10,000 each in a settlement over illegal FBI wiretapping and burglaries from the early 1970s. Hoffman surrendered on drug charges last year and awaits sentencing as the case referenced the indictment and later dropping of charges against John J. Kearney.
MENTIONED IN THIS ARTICLE
New York
Abbie Hoffman
FBI
Johanna Lawrenson
Manhattan
Upstate
Pineview
Hoffman
Michael Standard
National Emergency Civil Liberties Committee
John J. Kearney
Internal Security
Kearney
Steven Shapiro
Escaped killers flee Wyandotte Jail in Sheet Rope Escape
Five inmates escaped Wyandotte County Jail by hacking through steel bars and sliding down a 50 foot rope made from sheets and blankets. Three were captured. two still at large include a convicted killer and an aggravated robbery defendant. The escape was noticed at 3:15 a.m. after an overnight influx of prisoners limited guard checks.
MENTIONED IN THIS ARTICLE
Kansas City, Kan
Wyandotte County
William Langford
Arthur Chandler
Kansas City
Kan
Johnson
Sheriff's Deputies
Also Mentioned on This Page
By Louise Cook
Internal Revenue Service
Patricia Hynes
U.S. Attorney's Office
Sara Blackburn
Black Panthers
Lewis Cole
Students For A Democratic Society
Columbia University
William Price
New York Daily News
Senate
Deborah Offer
Mullen’s Hallmark Shop
William W. Harlin
Pat Kennedy
Michael Jackson
Joe Childress
Tim Johnson
Nick Tormashc
Jackson
Childress
Town & Country Supply
Bob Forret
Delavan
Town & Country
Delavan Agspray
Radio Shack
Entil
Delavawn
Agspray
Wala Ags
Eee
Ottaws
Mike Peterson
AlphaByte, Inc
Main
Ottawa
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