RCA Ordered to Pay Taxes in Back-Dates Case
The Internal Revenue Service ordered RCA Corp to pay 133,181 in back taxes in a tax court dispute over a nuclear reactor donated eight years earlier to Rutgers. Ten partners allegedly inflated the reactor's value from 3.5 million to 763,000, potentially triggering a 1.3 million overall deficiency for the group.
MENTIONED IN THIS ARTICLE
Washington
UPI
Internal Revenue Service
RCA Corp
U.S
RCA
Latto
Rutgers Universit
Industrial Reactor Laboratories, Inc
Plainsboro
N.J
Rutgers
IRS
Edwin G. Schack Jr
Sullivan and Cromwell
New York
TRS
Mazda again in low EPA rating
The EPA reported new tests show rotary engine Mazda cars use about 50 percent more fuel than similarly weighted conventional vehicles for both city and highway driving. Last fall’s figures placed Mazdas at the bottom in fuel economy. the newer tests show highway and city mpg near 17 to 21 depending on driving mix. Brown of Mazda called the results generally satisfactory and noted owners can expect roughly 17–21 mpg in normal use.
MENTIONED IN THIS ARTICLE
Washington
Upi
Environmental Protection Agency
EPA
Mazda
GR. Brown
FTC cracks down on trucker schools
The Federal Trade Commission charged several Midwestern truck driving schools with deceptive practices, alleging they charged up to $895 for false employment training. The proposed orders bar claims of job placement and require refunds. Named operators include World Wide Systems Inc. and Steven L. Triadshaw, with schools in Indiana, Kentucky, Ohio, and Wisconsin.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
FTC
Clark
World Wide Systems Inc
Indianapolis
Steven L. Triadshaw
Bradshaw
FTC Coutaints
Natonwide Heavy Equipment Training Service, Inc
Strunk
Tri- State Driver Training, Inc
Middletown
Ohio
Mesel Truck Drivers Training School, Inc
Sun Prairie
Wis
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Joseph Clark
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Commission