Shrinking list of deductible local taxes over time
The 1913 law allowed deductions for most local taxes but later reforms trimmed this. By 1995 only three categories remain real property taxes personal property taxes and income taxes if itemized. Examples show apportioning real estate taxes between buyer and seller and how estimated tax payments affect current year deductions.
MENTIONED IN THIS ARTICLE
Congress
Babette Berger
Espanola
Ruth Savitt
Savitt
Berger
Richard Gratz
New York
Gratz
IRS unveils new tax forms to streamline filing
The IRS says more than two million people will benefit next year with simplified forms such as Form 10402 for unemployment compensation, replacing the prior short form 10404. In a separate note, the agency reports 46 former employers were guilty of crimes like theft and embezzlement in fiscal 1994, down from 62 in 1993. A taxpayer filed 27 delinquent returns in fiscal 1993, all overdue by more than a year.
MENTIONED IN THIS ARTICLE
IRS
Women underinsured: shifting gaps in life protection
An analysis notes women remain underinsured compared with men, citing 1978 LMRA findings of high gaps in life coverage and a slower shift in total coverage. It discusses why the gender gap persists, future prospects, and stresses replacing income through life and disability insurance for both working and homemaking women. Gary C. Smith MassMutual advisor affiliated with the Syracuse Association of Life Underwriters offers guidance.
MENTIONED IN THIS ARTICLE
Life Insurance Marketing and Research Association
Retzloff
Gary C. Smith
CSA
MassMutual
Syracuse Association of Life Underwriters
Credit unions lure savers with higher rates and perks
Despite falling bank yields, credit unions offer higher one year CD rates of 6.1 percent and money market yields around 4 percent. Car loans average 8.5 percent and credit cards 13.1 percent, with banks higher on both. Pentagon FCU introduces a five year tiered laddered CD. membership limits access.
MENTIONED IN THIS ARTICLE
Chemical Bank
Citibank
First Federal S
First Federal SQ
Oneida Savings Bank
Onbank
Bank of Chittenango
Marine Midland
Nome Midland
Fulton Savings
Tyrer Fulton Savings
Seneca Federal
Albank
First Federal S&l
Solway Bank
Solvay Bank
First Federal S&l Sibd
Gnieda Valley
Cicero Bank
Fulton
Pentagon Federal Credit Union
Alexandria
Central New York business events calendar notes meetings and expo
The Herald-Journal reports a series of Central New York business events. A labor standards prelation at Sheraton Inn Liverpool features Douglas Carter with a $15 breakfast. Utica Valley Expo at Utica Auditorium showcases 100 exhibitors with $5 admission. SHRM network fair at OnCenter DeWitt hosts 100 vendors, $25 members $30 nonmembers. October 6 Professional Consultants Association meets at Greater Syracuse Chamber with “Business Ethos” topic. $5 for nonmembers. Submit calendar items to the Money Matters desk.
MENTIONED IN THIS ARTICLE
Onongaga Scurity
Sheraton Inn
7Th North & Electronics
Central New York
Society For Human Resource Management
OnGenter
Tator's of
DeWitt
Ferim
Professional Consultants Assoration of
Greater
Syracuse
Susan Royal
Money Matters
Kalendar
Herald-Journal Business Desk
P.O. Box
Valenaar
Also Mentioned on This Page
SVG
UMUC
Myron Lubell
Knight-Ridder Newspapers
Washington
Chery! D. Retzloff
Insurance Marketing Association
Consumer Research Department
Gary Smith
Burdick Bom
Cally
Burdick Ford Ecg
Piu Ena
Gans Ewastrate
Gank of
Cinitenango
Fallon Savings Bank
Lovetinte
Qnbank
Chase Manhattan Bank
Seneca Federal S&l
Seneca Federal S&l S
Albant
Bank
Home Equity Line of Credit Chase Manhattan Bank
Onbani
Kay Bank
Financal
Wrket
Treasury MI
Treasury Bond
Commod 'S Research Bureau
Associated Press Commodities Index
Dow Jones
DUIS
S&p
Wilsfare
Treasury
United States
Jerry Karbon
The
Credit Union National Association
Utica Area
Utica
OnCenter
Cal Don Bregande