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Reported by Star-Bulletin staff & wire
Tuesday, May 2, 2000
IRS advises filers to correct taxes
The Internal Revenue Service said it has sent letters to about 2,000 Hawaii residents who claimed that money earned in Hawaii was foreign income, warning them that if they don't correct their tax returns within 30 days they'll be hit with penalties for frivolous filing. The action stems from a Hawaii case in which state criminal charges were filed against the owners of a Honolulu tax-preparation business, RB Tax Service, for allegedly telling clients that income earned in Hawaii doesn't count as U.S. income. The IRS letter said that just like income in any other state, Hawaii income must be reported in full.
Isle expo focuses on helping business
More than 200 exhibitors will display their products and services at Small Business on the Move-2000, tomorrow from 10 a.m. to 7 p.m. at the Neal Blaisdell Center exhibition hall.The show, which is free to the business public, will include a $25-a-head luncheon with guest speaker David McClain, dean of the University of Hawaii's College of Business Administration. Also scheduled are two free seminars for small business operators. At 10 a.m., UH professor Tung Bui will talk about e-marketing. At 1:30 p.m., Bob Silvy, marketing vice president at American City Business Journals, will talk about marketing for small businesses. The show is a presentation of American Savings Bank and the Chamber of Commerce of Hawaii.
In other news . . .
Krispy Kreme Doughnuts Inc. said it will soon have its first Krispy Kreme outlets in Hawaii, as part of a nationwide expansion. The outlets will be developed by franchisee ICON Doughnut Development Co.