IRS pressure on tax preparers sparks industry backlash
Tax professionals accuse the IRS of intimidation under the 1976 Tax Reform Act penalties aimed at negligent or willful errors. Critics warn the agency is forcing preparers to verify clients' travel and entertainment deductions and to act as tax advocates for the government, diminishing the preparer's role.
MENTIONED IN THIS ARTICLE
Philip Greer
Myron Kandel
Internal Revenue Service
IRS
Uncle Sam
Food prices expected to rise after recent meat drop
A government led warning predicts a 10 percent annual food price increase in the next three months with beef sugar and carbonated drinks leading the rise while pork and eggs may fall in April to June. Retail sales slip for second straight month as auto sector drags economy.
MENTIONED IN THIS ARTICLE
Chicago
Council On Wage and Price Stability and Agriculture Department
Commerce Department
Ohio Edison offers two new series of first mortgage bonds
Ohio Edison Company President Justin Rogers announced public offers of two new first mortgage bond series. A $50 million 15.25 percent 1980 series due 1987 will sell at 99.75. A $50 million 15.50 percent 1980 series due 2010 will sell at par. Proceeds fund short-term loans and ongoing construction and facility upgrades.
MENTIONED IN THIS ARTICLE
Ohio Edison Company
Justin Rogers
Morgan Stanley & Co. Inc
Merrill Lynch
Pierce, Fenner & Smith Inc
Salomon Brothers
Ohio Edison
Workers Build Air Intake Duct for Lockheed L-1011 TriStar
In Burbank California workers assemble a long tunnel like air intake duct for a Lockheed L 1011 TriStar jetliner. The project showcases large scale aircraft construction in a facility dedicated to aviation engineering.
MENTIONED IN THIS ARTICLE
Burbank
Calif
Cleveland economists foresee 1981 rebound in economy
Cleveland bankers say recession may have begun and should improve early next year. James Dawson cites weak barometers and falling raw materials prices but says inventories and defense spending support stabilization. Jack Rothwell notes weak consumer demand and tight credit while envisioning a modest 2 to 3 percent drop in capital spending. David Zarnoch expects real capital outlays to fall 2 percent to 3 percent this year.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Cleveland Society of Security
James M. Dawson
National City Bank
Dawson
Jack C. Rothwell
Central National Bank
David M. Zarnoch
AmeriTrust Co
Chrysler Boosts 1980 Loss Outlook To 750 Million
Detroit based Chrysler Corp raises its 1980 loss estimate by 250 million to 750 million as high interest rates curb dealer inventories and slow market recovery. The company warns the plan may overestimate future sales and federal aid needs.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Chrysler Corp
No 3
Washington
Chrysler Recovery
Chrysler
Market still climbs on rate cut hopes
The stock market advanced with the Dow up 3.33 to 794.80 as hopes for an imminent peak in interest rates buoy sentiment. Citibank kept its prime lending rate at 20 percent, while analysts noted signs of a slowing economy supporting expectations of a possible rate decline.
MENTIONED IN THIS ARTICLE
New York
Citibank
NYSE
American Stock Exchange
UPI
Owen
Pan Am Air
Allg Power
Penney
Fo Penn
Alcoa
Coli
Am Motors
T&t
Aroyea
Regal
Wy Bell Howl
Cmw Edison
le Con Edison
Consy P
Ay Union Carbide
Ay Cook United
del Edison
E Bay
He ‘DuPont
Tern Union
Eastman Kodak
Wstvac
Hite
Zenith Radio
Goodyear
Die PE International
Ine Ode
Dart
Hesloge
Krall
Extella
Kroger
Fruehaut
al Trad i Goodtrich
TC Industries
the Hoohring
Luken Steel
Learfiepier
Mattel
MGM
Midland Ross
Mobi Corp
Ohio National Copsule
Monsanty
He Parker Hawaifin
Motorola
Searle
Can
Nabisco
Smucker
Southern Co
Nat Dishll
Lloyd promoted to Goodrich R and D post
Peter F Lloyd is promoted to R and D manager PVC Products at the Avon Lake Technical Center. He joined B F Goodrich Chemical Group in February 1979 after moving from England where he worked as a plastics consultant. He is a member of the Society of Plastics Engineers and the Plastics and Rubber Institute. He lives in Avon Lake with wife Kathleen and two children.
MENTIONED IN THIS ARTICLE
Peter F W. Lloyd
Avon Lake Technical Center
B.F Goodrich Chemical Group
United States
England
The
Society of Plastics Engineers
Plastics & Rubber Institute
Lloyed
Avon Lake
Kathleen
Ed Stinn Elected North Central Chevy Dealer Rep
Edmund A. Stinn operator of Ed Stinn Chevrolet in Fairview Park was chosen as the North Central regional representative on the 1980 National Chevrolet Dealer Council. He will attend a Detroit meeting April 13 18 to discuss with Chevrolet divisional executives, joining eight other dealers for a two year term.
MENTIONED IN THIS ARTICLE
Edmund A. Stinn
Ed Stinn Chevrolet, Inc
Fairview Park
Chevrolet
Stinn
Detroit
Grain price snapshot from Ohio elevators after market close
UPI reports Ohio cash grain prices by region after Thursday close through today. Northeast No 2 wheat 272, shelled corn 239, oats 67, soybeans 591. Northwest wheat 380, corn 237, oats 55, soybeans 559. Central wheat 377, corn 241, oats 14, soybeans 554. Trend shows No 2 wheat sharply lower, corn and oats mix, soybeans down slightly.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Northeast
Northwest Ohio
Central
Also Mentioned on This Page
Albert Ellentuck
Laventhal & Horwath
Lr.s
Ellentuck
Sr.s
United Press International
Ward’s Automotive Reports
Rothwell
Federal Reserve
the Chronicle Telegram
Robert Penick
Lloyd
Goodrich R & D
Ed Stinn
Chevy
Eveready Energizer Batteries
Union “Arbide
al AY
Elyria
El-A-Co Electronics, Inc
Lake Ave
O. Lorain
Beheav
Star Building Systems
Star Builders, Inc
Amherst
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