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To: Moonray who wrote (11371)1/7/1998 2:11:00 PM
From: DMaA  Read Replies (1) | Respond to of 22053
 
MANY INVESTORS don't need to rush to file their tax returns early this year.

The IRS says it will be mid-February before it can complete processing returns from taxpayers reporting capital gains or losses on Schedule D.

The agency won't even be able to accept electronically filed returns with Schedule D until Feb. 12, a spokesman says. The problem stems from ambiguities in the new tax law, which included major changes in
capital-gains taxes.

Until those ambiguities were resolved by congressional leaders last
October, the IRS couldn't finish redesigning Schedule D or modifying its processing software. An IRS spokesman says the filing problem will affect about 2% of the about 20 million people who file Schedule D. The IRS says anyone filing a paper return should send it as soon as they wish. "We can at least take those returns through the initial processing steps," the spokesman says.



To: Moonray who wrote (11371)1/7/1998 3:28:00 PM
From: Bill Ulrich  Read Replies (1) | Respond to of 22053
 
Bay Networks to buy 9 pct of NetSpeak for $37 mln

Bay Networks Inc. (NYSE:BAY - news) said Tuesday it agreed to buy 9 percent of NetSpeak Corp. (Nasdaq:NSPK - news) for more than $37 million, in a move to gain access to technology that enables computer networks to handle telephone conversations.
biz.yahoo.com

..signed an OEM and joint development agreement to provide system-oriented voice- and fax-over-IP solutions to enterprise and service provider customers.
biz.yahoo.com

-MrB