Reagan Proposal Eases Home Office Tax Deductions
The administration seeks to ease IRS rules limiting home office deductions and vacation home rental write offs. Proposals allow a limited deduction for maintaining a secondary business office at home, with exclusive regular use, and permit deductions for maintenance and depreciation on a relative rented property. Rules for personal use of vacation homes would be relaxed if trips mainly serve repairs. changes aim to clarify 1976 tax act interpretations amid limited opposition.
MENTIONED IN THIS ARTICLE
Washington
Reagan Administration
Internal Revenue Service
Congress
IRS
House
Ways and Means Committee
John E. Chapoton
the Treasury
Tom Field
Treasury Department
Second-round cuts hit U S National Park Services
Washington AP report says Reagan administration’s second round of budget cuts could close or limit operations at park campgrounds visitor centers and ranger stations. Director Russell Dickenson cites a 37.3 million reduction in park management activity causing shorter hours reduced campground ops altered patrols and deferred maintenance with exact park impacts undetermined. Interior unveils 59.7 million cut in 1982 park budget as part of 12 percent across the board reductions.
MENTIONED IN THIS ARTICLE
Washington
National Park
Reagan
National Park Service
Russell Dickenson
Dickenson
Interior Department
Dems seek airtime to counter GOP ad blitz
The Democratic National Committee and House and Senate campaigns urge broadcasters to stop or balance Republican ads with opposing messages. They threaten FCC action under the fairness doctrine, noting existing unpaid responses. Letters were sent to NBC and CBS executives. ABC reportedly not airing the GOP ads.
MENTIONED IN THIS ARTICLE
Adam Clymer
New York Times
Washington
Democratic Party
Democratic National Committee
House
Senate
Federal Communications Commission
Commission
Grant Tinker
NBC
Gene Jankowski
CBS Broadcast Group
Charles D. Ferris
FCC
Ferris
ABC
CBS
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EY Ata
Riverside
Calif
Greenpeace
California
Dems
Gop
Kroner
Che
Anderson
Fayetteville Mall
Penn-Can Bes Iis
Pyramid Mall
Ithaca
New York State
Pert
Colgate
Korem
Tampax
Peg
the Rite Aid
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