Experts Misprice Taxes in Make-Believe Family Study
Money magazine tested 50 tax pros on a $130 000 family, finding wide gaps in the correct tax due. The correct amount was 12033 dollars, with errors in child care credit moving expenses and self employment tax. IRS phone help scored higher but still fell short on deeper questions. The piece notes rising preparation fees and urges taxpayers to use guides when consulting professionals.
MENTIONED IN THIS ARTICLE
Washington
Money” Magazine
Jane
IRS
OPEC urged restraint as oil prices expected to fall
OPEC ministers urged output restraint for the second quarter aiming at an $18 per barrel target. Analysts say price declines will persist despite the call, with Peter Gignoux of Shearson Lehman Hutton predicting continued pressure. Gasoline prices at the pump are not expected to drop accordingly.
MENTIONED IN THIS ARTICLE
Vienna
Austria
OPEC
Organization of Petroleum Exporting
Peter Gignoux
Shearson Lehman Hutton Inc
London
Inflation hold steady as February PPI unchanged
Washington reports show wholesale prices flat in February after a sharp January rise. Energy price declines offset gains in other items while housing starts drop 7 percent in February but stay above the past 11 months of 1989, analysts caution the pace may not continue.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Judge orders Drexel to reveal details of prebankruptcy bonuses
A federal judge required Drexel Burnham Lambert to disclose more information on 260 million in bonuses paid before its Chapter 11 filing. Drexel lawyers will provide 1989 compensation details over the weekend to the official unsecured creditors committee, as creditors question the timing of 196 million in cash and 64 million in securities paid to executives prior to February 13 bankruptcy.
MENTIONED IN THIS ARTICLE
New York
Drexel Burnham Lambert Group Inc
Drexel
Greyhound union talks collapse amid feud over violence claims
The Greyhound strike talks broke off after the company accused union leaders of intimidation and violence. In Tucson union officials presented a new contract proposal deemed unacceptable. a federal mediator voiced disappointment at the swift breakdown. The walkout involves 6,300 drivers and 3,000 other workers, with one third of buses running by replacement staff.
MENTIONED IN THIS ARTICLE
Phoenix, Ariz
Greyhound
Tucson
Anthony Lannie
Step
Nelson
Tokyo stock drop on rate fears pushes Nikkei to 14 month low
Tokyo markets slide as concerns over possible interest rate hikes and a weakening yen drive the Nikkei 225 down 1,353.20 points to 31,263.24, its lowest since Jan 20, 1989, while the dollar strengthens to 153.55 yen.
MENTIONED IN THIS ARTICLE
Tokyo
Tokyo Stock Exchange
Revco reports stronger third quarter sales despite losses
Revco D.S. Inc. posts 713.2 million in third quarter sales up 7.3 percent from a year ago while Anne Holding Corp. shows nine month sales at 1.93 billion, up 6.1 percent. The firm filed for Chapter 11 in July 1988 after facing 700 million in high risk junk bonds and incurred a 192.6 million net quarterly loss including a 233 million one time charge tied to divestiture of over 700 stores.
MENTIONED IN THIS ARTICLE
Twinsburg
Revco D.S., Inc
Anne Holding Corp
Revco D.S. Inc
Revco
Also Mentioned on This Page
Certified Public Accountants
Cpas
H&r Block
Internal Revenue Service
Teur
John
Wall St
NYSE
Disney
Dreyfus
Mr Ekodak
Gustar
ingerRd
IBM
Jennings
Lillys
Vita Magiaua
MAPCO
Marriot
Mead Ag
Merck
Mobil
Motoria
Ga Ay
Steve
PepsiCo
Na PlerDg
Ya Pracig
Ye Reebok
Royio
Sattkin
Sa Sears
Unites
Pierre R. Smith Co
Acme Cleve
Gm Allied Corporation
Alltel
AmerShip Building
Center F
CPC Inter Inc
Emerson
First Bancorp
Goodrich
Hilts Depta Invacare Am
LCB Bancorp
LNB Bancorp
Lesto Inc
Nordson
Northern Savings
Ohio Edison
PNE Corp
Parker Hannifin
Smucker
Sunrise Medical Rie Texas Ablites Mm
Woolworth
Mid-Am Ine
United Way
Paul F. Stuckenschneider
Lannie
Jeffrey Nelson
Amalgamated Council of Greyhound
Wall Street
Ichitaro Watanabe
Nikko Securities Co
East Germany
Taadler
ROYAL
Cleveland Street
Elyria
Lorain
Greight
Nance Sine
Third Street
Sis N
Abbe Road
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