Banks waive fees for Personal Secured Credit Line
Columbus Huntington Bank will waive the $250 appraisal and closing fees through Sept 29 to encourage homeowners to tap equity for large expenses. Minimum payments are 2 percent of balance, at least $100, plus interest. A $35 annual fee is charged only after use. Dayton AP: ICOT Corp of Mountain View, Calif., to make adapters so NCR computer terminals can connect to other systems.
MENTIONED IN THIS ARTICLE
Columbus
Huntington
Dayton
California
NCR Corp
NCR
Icot Corp
Mountain View
Calif
Income tax change trims car, computer deductions
The 1984 Tax Act, soon to be signed by President Reagan, cuts deductions for business uses of cars and computers and freezes expensing at $5,000 through 1987. It imposes a 50 percent business use test, requires straight line depreciation, and mandates detailed contemporaneous records of business use starting next year.
MENTIONED IN THIS ARTICLE
Chicago Tribune
Reagan
Robert Greisman
Chicago
Alexander Grant & Co
Greisman
O’dea
Vacation home buying cautions from a real estate expert
New York AP report cautions that vacation homes are volatile discretionary purchases. Expert Thomas O'Dea warns values swing with gas shortages ski seasons and recessions, and taxes limit depreciation write offs. Management costs and risk of tax scrutiny further reduce appeal of a such investment.
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New York
Thomas O’dea
O'Dea
O’dea
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