Word: accounting
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Dates: during 1950-1959
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...much-kneaded ball of dough on the U.S. breadboard is the expense account. Suspicious that thousands of people collect more than a few crumbs with every outlay for business expenses, the U.S. Internal Revenue Service decided to try to police a longstanding rule that taxpayers report the excess of reimbursements over expenses. Last year IRS put a line on the 1957 tax form for reporting reimbursed expenses, hastily gave taxpayers a year's moratorium after a howl rocked the very foundation of expense-accountland, sent martini glasses aquivering from Manhattan's gay "21" restaurant to Los Angeles...
Last week IRS quieted things again by developing a newer, more sensible proposal for the future: only the taxpayers who draw expense money and do not have to account to employers for expenses must report the facts and figures on their income tax returns. Those who do settle up with employers can go on as always, living a way of life that enables a man to support himself in the style to which his employer has become accustomed...
Bitter Lemons is a poignant account of the deepening tragedy of Anglo-Cypriot relations. But it is also much more-a superlative piece of travel writing by an Anglo-Irishman who has long and lovingly rooted himself in the Mediterranean scene. Author Durrell, 46, taps the juice and joy of his Cypriot friends, Greek and Turkish, and his poetic style transforms the Cypriot landscape into a "sun-bruised" demi-paradise...
...book's best story, The Artist at Work, is a corrosively witty account of the rise and fall of a minor talent. Gilbert Jonas is a modest Parisian painter who trusts his "star." A dealer discovers him and he is beset by fame. New friends while away his afternoons "begging Jonas to go on working . . . for they weren't Philistines and knew the value of an artist's time." Disciples appear, but not to learn anything ("one became a disciple for the disinterested pleasure of teaching one's master...
...strange sounds from the Communist jungle make a gruesome and highly revealing composition. The book gives, perhaps for the first time, a complete account of a Communist education from grade school to commissar level...