IRS closes loophole prepaying expenses under new law
The IRS announced it will not allow full deduction for 1986 returns of expenses prepaid for multiple years such as magazine subscriptions and union dues. The ruling, released Friday, says prepaying would distort 1986 income and counters a heavy advertising campaign by publishers urging advance prepayment.
MENTIONED IN THIS ARTICLE
IRS
Internal Revenue Service
U S Pursues Quiet Talks With East Bloc Poles
Washington notes ongoing discussions with East European governments including Poland aimed at easing tensions and assessing prospects for quicker reductions in Soviet influence in Eastern Europe. The disclosure coincides with the White House press release marking five years since Poland martial law.
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United States
Poland
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State Department
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White House
Pentagon reports AIDS exposure among military recruits
The Pentagon's quarterly figures show 287 of 174,591 recruits tested positive for AIDS antibody exposure in the three months ending Sept 30, denying entry to about 1.5 per 1,000. The report notes AIDS as a fatal disease affecting immune resistance, with higher prevalence among certain at risk groups.
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Washington
Pentagon
Armed Services
United States
Scientists test nuke winter effect in California burn
In San Dimas California scientists ignited 200 acres of brush in the San Dimas Experimental Forest to study smoke and heat effects as a potential nuclear winter scenario. Officials reported a smaller plume than planned but sufficient data were collected to meet objectives.
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Sandimas
Calif
San Dimas
San Gabriel Mountains
Mount Baldy
U.S. Forest Service
Bob Swinford
Peter Lunn
Global Effects
Defense Nuclear Agency
Carl Sagan
Richard Turco
CIA Chief Quizzed on Iran-Contra Arms Deals on Capitol Hill
The CIA director faced questions this week about secret arms sales approved by President Reagan to aid moderates in Iran and to free Americans held by pro-Iranian groups in Lebanon. The testimony touched on Swiss accounts used to funnel profits to the Contras and linked figures like Richard Secord and Albert Hakim amid broader Iran-Contra probes.
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Lebanon
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Air Force
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Washington Post
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U.S
North button fundraiser for Oliver North raises fast sales
The College Republicans sold about 200 North American Hero buttons on Capitol Hill and by phone in 124 days. Each $2 button benefits a legal defense fund for Oliver North, amid ongoing investigations into diverting Iran arms profits to Contra rebels. Kilcoyne notes the slogan mirrors Reagan's Time interview description.
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National Security Council
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Time Magazine
Radiation findings downplayed at waste beds debate
Health Administrator Joseph Barry reported 15,000 picocuries per liter in a monitoring well at waste beds and detected low level radioactivity in surface water and seepage between beds 12 14. Officials say the testing so far covers only alpha and beta emissions while plans widen to more isotopes and potential sources. Experts weigh natural radon from the Marcellus shale or ore-derived radioactivity with some noting historic radionuclide activity in the Syracuse area.
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Mark White
Allied
Industrial Hygiene
Morristown
White
Marcellus
James Miller
Onondaga County
Robert M. Ryan
Office of Radiation and Nuclear Safety
Rensselaer Polytechnic Institute
Ryan
New York State
Syracuse
State Health Department
John L. Rourke
Rourkes
News Jersey
John M. Karanik
County Drainage and Sanitation Department
Hiawatha Boulevard
Camillus
Rocco Pirro
William J. Morse
John Ferris
Ferris
Allied Headquarters
Solvay
William Krrchbaum
DEC Tors
States Health Department
Richard J. Cahill
Vss Environmental Protection Agency
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