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The best deduction ever? You decide ...

| Apr 12, 2005
Thank goodness it's not Friday - yet. Four days left to file your taxes. And then you don't have to think about W-2's, AMT's, or 1040s, for another year.Unless you're in the tax preparation business. For these folks, waving goodbye the filing deadline just means saying hello to audit season. As April 15th approaches, we've asked some tax pros to itemize some of their favorite deductions. Today we hear from Steve Levey, an accountant in Denver.

Tax Day - the clock is ticking

| Apr 12, 2005
Just three more days 'til Tax Day. And folks who haven't filed yet may be in for a little surprise this year. For the first time since 1986, filers have the option of deducting sales taxes on their returns. From South Dakota Public Radio, Curt Nickisch reports. Attorney and commentator Conrad Teitell has seen taxpayers claim some odd deductions over the years. Some, he says could make you even sympathize with the IRS.
Posted In: Wall Street

Hank Greenberg and Eliot Spitzer take the stage

| Apr 12, 2005
Hank Greenberg, deposed head of insurance giant AIG, is scheduled to testify before Eliot Spitzer and other regulators today. Greenberg was in the news yesterday for another reason, too-he stepped down from the boards of The American Museum of Natural History and the Asia Society. As Alisa Roth reports, some other institutions may be getting nervous. Elliot Spitzer has become the boogey man in the nightmares of America's corporate leaders. But commentator Matthew Bishop wonders if New York's crusading attorney general should really be the one to keep them on their toes.
Posted In: Wall Street

Former AIG leader steps down from other posts

| Apr 11, 2005
The Oracle of Omaha was in Manhattan today. Warren Buffett spent the day answering questions from regulators.Buffett's not suspected of wrongdoing.But investigators do want to know more about some deals. Some transactions between a unit of Buffett's Berkshire Hathaway and insurance giant AIG. Tomorrow, the former head of AIG gets his chance to answer investigators' questions. We're hearing he won't have much to say. Published reports say Hank Greenberg will take the fifth.After almost 40 years at the helm of AIG, Greenberg's on his own. In recent weeks, he's been forced to sever all ties with the company he built up.And now Greenberg's stepped down from the boards of two important cultural institutions. Alisa Roth reports from New York.
Posted In: Wall Street

Comparing AIG and Enron - are they similar?

| Apr 11, 2005
At 79 years of age, you'd think Hank Greenberg would be happy not to run the world's largest insurance company.You'd be wrong. When Greenberg took the reins at AIG, it's profits were $14 million. Today they are $11 billion. And for Greenberg, that says it all. Proof enough of the success of his hands-on style of leadership, he might say. In this regard, Greenberg is of another era. New York Times financial writer Kurt Eichenwald has written about AIG, and another major corporate scandal. Something called Enron.
Posted In: Wall Street

Debating Daylight - the daylight savings time plan

| Apr 11, 2005
Next week, a final vote is expected in the House on an energy bill. So this week, committees are making final tweaks. They're factoring-in issues like rising oil prices and such. There's still lots of room for disagreement, but apparently general consensus on this much. More time for a little golf after work... From Washington, Rachel Dornhelm explains.

You've got to know when to fold 'em ...

| Apr 11, 2005
How do you hide your gambling winnings from the IRS? A professional gambler tells us how...

Women's focus groups

| Apr 11, 2005
Had enough of reality TV? Afternoon chat shows not your cuppa tea?Perhaps you're just on the wrong side of the cameras. We've heard of a production company looking for some talent. You need to be able to tolerate the hot lights of a television talk show set and the banter of a host. It helps if you're an opinionated consumer. And Marketplace's Hillary Wicai tells us there's one other thing. No boys allowed.

Boeing vs. Airbus - a new level of battle

| Apr 11, 2005
Boeing and Airbus are fierce competitors for contracts. Now with the State of Washington trying to lure Airbus into Boeing country, could the two companies end up battling for the same workers? From Seattle, Tom Banse reports.

Making steel - is importing best?

| Apr 11, 2005
After the Bush Administration fought to protect America's steelmakers from cheap imported steel, a big part of the industry is about to fall into foreign hands. Is that in the best interest of the country? Host Scott Jagow talks to Mark Reutter, author of the recent book "Making Steel" about the status of the American steel industry and the implications of the foreign takeover.

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