Tax rules on deferred interest CDs and second homes
Taxpayers with deferred interest on certificates of deposit and similar notes must report a portion of earned interest on 1971 returns even if not collected. New regulations broaden original issue discount rules to cover such accounts and bonus certificates, with deadlines pushed to March 15 for information returns. Renting a second home remains financially limited as tax rules tighten deductions, reducing rental income benefits.
MENTIONED IN THIS ARTICLE
The
Research Institute of America
Treasury
Field Enterprises, Inc
Market closes higher led by Dow at 935.43
Stocks rose on Wednesday as industrials and glamour issues led the gains. The Dow ended at 935.43, up 7.30, with advances beating declines 2 to 1 for much of the day.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Dow Jones
Associated Press
Otis Elevator
American Cement
Sony
White Motor
Kimberly Clark
American Stock Exchange
Ind
Trn
Naat
Cos Ndus Waten
Trans
Hospital Bus Service March 5 1972
The Mental Health Association of Fayette County sponsors a low cost charter bus trip to Somerset State Hospital on Sunday March 5, 1972. Departures are Hopwood Post Office 12 15 p.m. Uniontown Bus Terminal 12 30 p.m. South Arch Street Connellsville 1 00 p.m. Arrive hospital about 2 00 p.m. Return departure 4 00 p.m. For information call the association office weekdays 10 a.m. to 4 p.m.
MENTIONED IN THIS ARTICLE
Somerset State Hospital
Mental Health Association of
Fayette County
Hopwood
Mental Health Association Office
The
Mental Health Association
United Fund of Greater
Tax Exempt Dividends and Growth Stocks For Investors
Investor asks for a list of utility dividends that are tax exempt. answer notes broker letters and S and P index lists, then discusses yield versus growth, retirement timing, and an interview with Sam Shulsky advising on insurance, Social Security, and stock/mutual fund paths for a long horizon. The piece emphasizes staying informed via broker communications and growth stock strategies.
MENTIONED IN THIS ARTICLE
Standard & Poor
Somerset Firemen Answered False Alarm at Coleman Co
About 50 Somerset Volunteer Fire Co. members responded to a false alarm at the Coleman Co. Tuesday morning with four pieces of equipment. Assistant fire chief Frank Baker said the alarm came in around 10 to 10 15 a.m. caused by low sprinkler pressure. The crew returned to the station by about 10 30 a.m. This was the first such incident of the year.
MENTIONED IN THIS ARTICLE
Somerset Volunteer Fire Co
Coleman Co
Frank Baker
Baker
February Babson Business Index Shows Modest Rise
The Babson Composite Business Index advanced to 128.4 in February from 127.9 in January, led by building materials, home goods, autos, and replacement parts. Consumers remained price conscious while employment and income gains supported modest expansion, with steel set to boost durable and capital goods as 1972 progresses.
MENTIONED IN THIS ARTICLE
Babson
Publishers Financial Bureau
Babson Park
Mass
Lovers and Other Strangers at the Governor Theatre
The Governor Theatre features the comedy Lovers and Other Strangers hailed as hysterically funny by management. Opened Wednesday night it runs through Saturday with Harry Guardino in a key role and the film praised as a rewarding experience for Somerset audiences.
MENTIONED IN THIS ARTICLE
Governor Theatre
Harry Guardino
The
New York Daily News
Somerset
Also Mentioned on This Page
Sylvia Porter
USDA
Lykes Yeast
Seen Exchange
Orien
Eas
Ford
Ve AlcanAlu
Mobilpil
Alleg Cp
Monsant
Am Motors
Steel
Nwst Airl
Am T&t
Gulf Oil
Gulf
Avco Corp
PanAm_ WaAir
Va Bell
Penn Cent
Penney
Boeing
Ve Budd Co
Comsat
Kroger resgeSs
Lenpcem
Vikeading Co
Delta Air
Evion
duPont
Texaco
Va Unoncal
Uniroyal
Unit Air
Union US Steel
E Williams Co
WinnDx
Woolwich
Xerox C
Masnite
QuakStoil
Weis Mkt
Miles A. Smith
AP Business
Friands Stockyards
National Stockyards
Eea
Choice
Good
New York Poultry
North Atlantic
U.S
Philadelphia
Chicago Grain
Chicago
Chicago Board of Trade
Japan
United States
Australia
Investors’ Guide
Sam Shulsky
Mutual
Mr. Shulsky
King Features Syndicate
Smith
Somerset American
Somerset Bulletin
Bulletin
American and Bulletin
Daily Bulletin
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