Word: deductable
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...extorting campaign contributions from state and federal contractors in Maryland. Sources close to the investigation said that some of the rake-off methods were quite sophisticated, including one plan in which contractors favored with government business awarded fake bonuses to employees in the know, always being careful to deduct the proper withholding taxes, and then scooped them back for secret donations to politicians. The contractors in question worked on, among other things, state roads and two huge bridge-building projects in the Baltimore-Annapolis area: the parallel span of the Chesapeake Bay Bridge, which opened last June and provides...
...fees generally ranging from $2 to $30, these unscrupulous specialists urge their not-always-unwilling clients to inflate claims for property damage, write off the value of items lost in a robbery that never occurred, or deduct interest paid on nonexistent loans. Before his recent fraud conviction, one Texas expert encouraged clients who owned dogs or parakeets to classify themselves as farmers and claim depreciation allowances. In ghetto areas, where knowledge of tax law is skimpy, some hustlers get clients to sign a blank return for a flat sum of, say, $50. The preparer then fills out the form...
Federal policy, reaffirmed by Congress in 1938, allows a donor to deduct from his taxable income the value of appreciation on a security given to a nonprofit institution...
...previous years. Harvard has aided the Fund's collection by allowing professors to deduct contributions from their monthly paychecks. This year, for the first time, Bok's appeal gave professors the opportunity to specify charities other than the United Fund: Barker, Pettigrew and other professors will likely do just that...
...previous years Harvard University has aided the United Fund collections by allowing professors to deduct a certain sum from their monthly pay checks to be sent to the United Fund as a contribution. This year, for the first time, Bok's letter gave the professors the opportunity is specify charities other than the United Fund...