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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Sep 25, 1994
Page
23
Jim Davis with over 25 years in sales joins Joe Alcoke Honda in Alliance. The Hargett dealership sits in the former Carl Johnson Mercedes showroom on US 17 South. Davis wears a long record of success and lives with wife and sons in Alliance.
Gatlin Oil Co. celebrated the opening of its GSC Auto Value affiliate in Bayboro with a ribbon cutting. Jim Gatlin, president, cited a 6,800-square-foot addition and long-range plans to expand into automotive service. Attendees included U.S. Rep. Martin Lancaster and wife, George and Gwin McCotter, Eddie Hinson, and Warren Talbert III.
The piece explains how IRS distinguishes between a hobby and a business for tax purposes. It notes profit motive rules, case-by-case judgments, and factors like record keeping, time spent, expertise, past success, and dependence on outside income, with guidance from firms like H&R Block, Ernst & Young, and Price Waterhouse.
New York AP report notes banks fail to adequately explain risks of mutual funds and their difference from bank accounts. OCC studies cite lack of insured status and potential loss of principal, with rising customer complaints to regulators. OCC and ABA discuss stronger disclosure practices. Mutual funds remain the main way Americans invest in stocks and bonds.
NationsBank agreed to buy Consolidated Bank to expand in Miami area and reach the Hispanic market. Terms were not disclosed as regulators review the pending deal.
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