Bloomberg Report: Restaurants offer freebies on Tax Day

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by Jane King / Bloomberg

Bloomberg

Posted on April 15, 2013 at 7:28 AM

People who own businesses or get paid in cash are among those most likely to fudge their taxes. That's according to a new study by the National Taxpayer Advocate, cited by the Associated Press. The report also says there are large clusters of potential cheats in the wealthy suburbs of Los Angeles, San Francisco, Houston, Atlanta and the District of Columbia.

Bad news if you collect gold coins. Gold prices are plunging, partly because the expectation demand for safe haven assets will shrink as the global economy continues to improve.

Investors are looking at quarterly results from Citigroup.

Stocks had a lower close Friday as commodities plunged following weaker-than-expected March retail sales.

Apple's not the only one anymore. The Wall Street Journal says Microsoft's working with suppliers on designs for a touch-enabled watch device. The paper is also reporting that Microsoft is continuing to test its own smartphone.

And watch for lots of free and discounted food as the nation's chains try to win your heart and your business this tax deadline day. Great American Cookies and Arbys are among those offering freebies. Boston Market is offering a two-fer rib deal for $10.40. Cinnabon's offering free samples. Hydromassage is offering free massages all week, capitalizing on how people feel stressed during the tax deadline. 

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