European Stars And Stripes (Newspaper) - June 10, 1988, Darmstadt, Hesse Page 6 �. The stars and stripes Friday june 10, 1938 irs changes interpretation on taxing deferred benefits Are. Sick leave compensatory time Severance pay Isab Lily pay and death benefits will not be taxable Washington a the internal Revenue service has backed away from its interpretation of a part of Tan Law that could have made deferred benefits such As the vacation pay and sick time of Public and non profit employees taxable according to a Treasury department letter released wednesday. O. Donaldson Chapoton assistant Secretary for tax policy said in the letter that Buna fide vacation leave s disability. Under Section 457 of in tax code i am very Happy that the irs has decided to drop its unfair interpretation of Section 457 of the tax code said rep. Raymond Mcgrath r-n.y., at a news conference. This is certainly Good news for the Public employees of the states la is certainly Good news for he tax exempt employee la signifies that the irs will not be picking the Pockels of these Mcgrath estimated that same 14 million stale and local employees nationwide would have been affected As Well As untold numbers of workers in nonprofit organizations. The president of the million member american federation of slate county and municipal employees the nation s largest Public employee Union applauded the decision. Gerald w. Men acc said in a statement that he was Happy and relieved that the internal Revenue service has backed away from its plan to Start taxing hard won fringe benefits. In january 1987, the irs issued a Public notice that Section 457 which provides rules for certain types of deferred compensation for employees of slate and local governments and tax exempt organizations would be interpreted to apply to non elective deferred compensation. Non profit employee organizations and Public employee unions fearing the Rule would have applied to benefits that were never taken deluged legislators with petitions asking for help in changing the Rule. The irs change came one Day after sen. Daniel p. Moynihan d-n.y., introduced legislation to rescind the measure. Moynihan had measured Praise for the irs Deci Sion. Ire Poe Book picked up for $15 brings $ 198,000 at n. Y. Auction new York a a rare Book by Edgar Allan poc that a Massachusetts Man picked up for si5 in a new Hampsh barn was auctioned for is 98,000, Pul Ling the seller \ a dream world an auction House official mid. The first to Dilick copy of Tamerlane and other poems Only the a known copy of poc s first boo published in 1827, wac sold it rotheby s auction House tuesday to a rare Hood Calr for less than expected. Even so the Massam salts in was rotheby s vice Sid Cut David Redden said. He s Mill in. 1 think a set of dream world Over the anonymity said he found k Southern new Hamp of published by a cd classic poems Annabel Lee in. Whole business the seller who demand the Book in an antique barn Ihirg. The barn was not Idun life poc who paid to have the1 Boston publisher went on to writ and stories of horror and romanced the Raven and the jell talc he it s the rarest Book in american Cra Turu it s the most famous Book in american i feature said the buyer Manhattan Book dealer Jan Cummin it s inc Book Hal every rare Book seller his hands rotheby s had estimated the Book s to of at 5200,000 to $300,000. The 1198,000 Price the 10 percent commission Hal goes to so Thoj the soft cover Book which contains t poem and nine Shorter ones bears no ref Ericc to listing the author Only As a bostonian was bom in Boston he lived there onb5 few month before his parents moved to Richmann a. He Livchi in Boston again for about eight we j5 when Tamer Lane was published. A the work had been written Abbit five years earlier when poc was 12 or 13 years of. There is no Indica Tion Hal a single copy of the Bap was Ever sold and it never has been highly regard by critics. Edl Alum Pov s first Bok published in 1 .".5? a photo tumor removed fron failing Duarte Washington not surgeons removed a malignant tumor tues from the stomach of president Jose Napoleon Duad of Al Salvador but left his cancer Ous liver untouched medical experts said the move indicated that he had ipe Chance of Long term survival. A spokesman1 Waller Reed army medical Cente said in a Siat Erat that doctors removed a tumor and a Large portion Al Duane s stomach during a three hour operation Devi cd As uneventful the Sion cd cancer Hod spread to both lobes of the liver whiff was not removed. Medical experts said inc Cal Cal Lofti Ich the cancer had spread meant Duarte had Little cd acc of surviving More than a few months even with Daft therapy. Adv the our Gerry or. Benjamin inter Keno Dunne said the liver tumor would keep grow ing end would probably result in death within months siding to a report by Reuters Teri Ono said Duarte would receive treatment to make him More Camfora Laboc. Allowing him to return to Al Salva Dor in two oath acc weeks. Duarte is in the last year of a five year ten Rev the said Duarte 62, would remain in an intensive dec unit for several Days before returning to his Hospital Roor following the pm Dent s recuperation from surgery this disease will probably be treated with chemotherapy the statement continue eel cancer experts said a Mot Crapy normally had Little effect on cancers of inc Gafic and intestinal tract including the stomach and liver jul even if Duorte s cancer a Fitch spread from the stomach to the liver responds to drugs it is unlikely inc treat lit will increase survival several specialists said. % stomach cancer once it is and fenced and spreads Hasa very poor prognosis said Del Olivcr Alabaster an oncologist at George washing Orr lev Cisily medical Center. Stateside Chrysler plans to order Call of 81 Small a Fos Detroit a Chrysler corp. Ill recall repair 93.000 1981 Small cars in August to i a 1986 environmental proc Clfon Agency emissions recall order Epa said Tif Tsoy. E Agency ordered the recall f the Dodge Omi i and 024 and the and All with 1.7-Litcr engine and manual missions because Icsis Tori thai Chis vols exceeded standards is revealed emission Lewis of 1.4 Grams Jalc while the Standard for 1981 was t tin me. A said it by lick i Tram excess emissions catalytic Coj Ivert Rusu Locq ers. Cd Rysor initially conic Ltd the order Chare ing thai fee tests were properly. But the automaker Wilhoft w ils Challenge. The repair will inc tide modifying a vacuum Tine to the engine s spare control computer. Pacific Sheri is legislation gets Raa Garf s signature Washington signed legislation comply with tuna Rich Wal that the pact rather than coi the treaty. Purchase Regie some 0 million civic Ocean. It will set lems we have differing Judi migratory spi the pics ii a related cd further in president Reagan Lay to make . Law fisheries treaty governing the South Pacific saying set a Lone of cooperation ,tion." ides for . Fishermen to licenses to fish Tor tuna in Luarco Miles of the South a strengthen la civic Island f is the fisheries related prob Rich cd stemming from our Isit ions concerning highly tuna Reagan said said that License fees and ssi Siance agreement will Mic development and Ralic traditions of the a ii Pating in the Wallace s Sov in Law wins nomination Tala. Court v. George c. Lilies As Hiliary Nomi Natii Rome court. Judge Mark k Khe husband o in. Oul polled a tuesday for Thi the court. Is favored lax retired Frol 7 after four terms a Loric jr., win the Sial he time Wallace ally Justice Henry so Chagall f nomination to the i was Wallace s state he governor appointed i a the name of " Allace again surfaced in Law won a demo to a scat on the Ala indy 36, of Mont Wallace s daughter listen lawyer . Democratic Nomi Ofcar gop nominee politics in Jan governor saw his treasurer s Post Loci at supreme Ilso won a dem Ouirl. Lance director a to the Bench Retegan names assistant f of legislative offal s vsh1ngton a pref Dent Reagan Annun cd tuesday the appointment of Mark in Funberg a former aide to serf Paul Trible r-ya., at a special assistant for Gisla Tive affairs dealing with the Senate. Before joining the White House Taft Green Berg was administrative assistant and legislative director for Trible. I he is also a former chief of tic minority staff of the ways and Means committee of the Massachusetts legislature
