The following reports are reprints of reports which have interest to our client base and all readers. GMR takes no responsibility for the accuracy of the information contained in any of these reports.

Reports:

• H.R.412 Sale of Business over age 62
• H.R.5432 Holding period for stock acquired through Option grants
• H.R.5323 Elimination of Double Taxation on Dividends
• FASB Interpretation 45: Guidance on Guarantees