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Newletters From January, 2006
SCHEDULE D: HOW ATTACHED SHOULD A DEALER BE TO THE IRS?
Originally Posted: January 28, 2006 6:35 AM
Last Updated: January 28, 2006 6:35 AM
NEEDA is pleased to report that the IRS issued the following statement:
...(T)axpayers may continue to use a substitute statement to
provide all of the same information and in a similar format to lines 1 and 8 of Schedules D and D-1. They are not required to use the official version of Schedules D and D-1 to provide the details on each transaction . . . [but] the details of each transaction still must be provided with the tax return and not just upon request.
The IRS says they will accept attached
schedules that include the four critical pieces of information for each asset transaction. The four are:
1. date of acquisition
2. date of disposition
3. basis
4. proceeds less transaction costs
The IRS has clarified that attached schedules can be used for both electronic and printed filings.
NEEDA appreciates the IRS clarifying how it will accept Schedule D information, lifting the burden on dealers
during the busy filing season.
For the complete story on why this news is important and for how to get more IRS info, click on the headline for this NEEDA Newsletter story.
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FIRE FIGHER FATALITIES: 106 IN 05
Originally Posted: January 9, 2006 7:57 PM
Last Updated: January 9, 2006 7:57 PM
The United States had 106 on-duty firefighter fatalities in in 2005. In addition there were 4 firefighter fatalities in 2005 caused by injuries suffered prior to 2005.
In 2005, there were 4 multiple-firefighter fatality incidents.
Two New York City firefighters died in January when rapid fire progress forced them to jump from a fire-involved structure.
3 firefighters were killed in a Texas helicopter crash in
March as they assisted with a controlled burn.
2 Wyoming firefighters died in a residential structure fire in April.
3 firefighters were killed in the crash of an air tanker in
California.
NEEDA reported in 2005 on the grounding of air tankers in California following this crash. Subsequent research by NEEDA based on first resonders showed that air tankers are safe and did not warrant the grounding in California.
New York City suffered a third firefighter fatality on the same day when another death occurred at another incident scene.
The Memphis, Tennessee Fire Department lost 2 firefighters in separate incidents during the year.
Heart attacks were responsible for the deaths of 48 firefighters in 2005, reduced from 61 in 2004. Seven firefighters died of CVAs in 2005, up from 4 in 2004.
Vehicle crashes took the lives of 26 firefighters in 2005. Five firefighters were killed in tanker crashes, 5 firefighters were killed in crashes that involved passenger vehicles, and 4 firefighters were killed in pumper crashes.
Firefighters were also killed in crashes involving ATVs, aircraft, and a boat.
The United States Fire Administration has developed educational programs in the past few years to directly address firefighter deaths in vehicle crashes. Efforts have specifically targeted tanker operations, career
firefighter vehicle operations, and volunteer firefighter vehicle operations.
The average age of a firefighter killed in 2005 was 46. The youngest firefighter to die while on-duty in 2005 was an 18-year-old Connecticut firefighter who died after falling from a ladder during training.
The oldest firefighter to die while on-duty in 2005 was a 76-year-old New Jersey firefighter who was struck by a suspected drunk driver at a roadside emergency scene.
For the complete story, click on the headline above. At the end of the story you will see web sites for the complete statistical report and vehicle report.
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