Baldwin United Option Loans Trigger 1984 1099 Confusion
Investors report receiving 1099s for Baldwin United single premium deferred annuities with Option D loans. Tax guidance suggests listing the 1099 amount on Line 17a, put zero on Line 17b, and note in the margin that funds came from a Baldwin United option or 1095 exchange to avoid IRS mismatch.
MENTIONED IN THIS ARTICLE
Baldwin United
Baldwin
Baldwin United Insurance
Charter Life Insurance
Capitol Life
IRS
Airline safety components under inquiry at Goodrich
The FAA is investigating charges of shoddy workmanship on civilian airliner safety devices at Goodrich plants in Ohio and West Virginia. Rep. John Kasich says complaints came from former employee Thomas S. Beshers. Goodrich confirms FAA inquiry and notes products from Akron Troy and Richwood plants.
MENTIONED IN THIS ARTICLE
Washington
Federal Aviation Administration
Goodrich
Ohio
West Virginia
John Kasich
R-Westerville Goodrich
FAA
Foster C. Smith
Columbus Dispatch
Smith
Thomas S. Beshers
Upper Arlington
Beshers
Kasich
Joann Sloane
Aerospace and Defense Division
Akron
Troy
Richwood
W.va
Probers meet today on mine explosion at Quarto Co No 4
Investigators planned meetings today to compare notes on the acetylene tank rupture that triggered an explosion over a mile underground at Quarto Co. No 4 coal mine. Seven miners were burned, two seriously, in the southeast Ohio blast near Bellaire.
MENTIONED IN THIS ARTICLE
State Division of Mines
Federal Mine, Safety and Health Administration
Winkler
Bellaire
Ohio
Pickens Led Bid Reported for Unocal Stock Purchase
The Times reports Mesa Partners IT led a 64 million share bid worth about 3.46 billion dollars for Unocal, aiming for 51 percent. Mesa Partners holds 23.4 million shares and has raised its stake. Pickens reportedly sought no control.
MENTIONED IN THIS ARTICLE
NEW York
T. Boone Pickens
Unocal Corp
Unocal
The
New York Times
Mesa Partners
the Times
Pickens
TIMES
Amarillo
Tex
Barry Lane
Los Angeles
New York Stock Exchange
Union Oil Co
California
IBM to Halt PCjr Production Quietly Reshapes Home Computer Market
IBM plans to stop PCjr production next month while continuing service and spare parts. Analysts cite a weak home market and marketing blunders. Apple Te and Tie and Tandy Model 10008 are seen as potential beneficiaries. Dealers call the PCjr a ho-hum product though some fear consumer confidence may suffer. Educational use remains limited with Apple leading kindergarten through 12th grade share.
MENTIONED IN THIS ARTICLE
IBM
Apple Computer
Atari
Commodore
Japan
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