Tax Law News. Crime Stories, Law on News and Legal Publications in October, 2011

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How to protect your business in the event of a breach of personal information
Smart Business NetworkOctober 1, 2011

Smart Business spoke with Winter about how privacy and security liability insurance can protect your company if personal information is stolen. What kinds of companies should be concerned about the loss of personal information? Any company that retains ...more »

Feds reach deal with NJ Transit to reduce ARC tunnel debt to $95M
NorthJersey.comOctober 1, 2011

The state has so far spent just over $1 million in legal fees to fight the debt. John Wisniewski, chair of the Assembly Transportation Committee, said New Jersey commuters still lost out. “While the governor may tout his settlement as a win for New ...more »

Tax Law News and Stories

Audit Defence
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IRS hits Oakland pot shop with $2.4M tax bill
The Associated PressOctober 4, 2011

DeAngelo has until Dec. 22 to contest the audit in tax court. The IRS has told him it is now reviewing Harborside's returns for 2009 and 2010. Meanwhile, a handful of state officials have written House Speaker John Boehner, a Republican, ...more »

Irs Filing & Compliance
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The Risk of Hide and Seek
Financial-Planning.comOctober 1, 2011

Broker-dealers take these matters seriously because they face significant fines if they do not make U4 filings on a timely basis. Recently, FINRA fined a large broker-dealer $1 million for, among other compliance issues, failing to make a timely filing...more »

Business Audit Defence
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state auditor State auditor investigates
Bixby BulletinOctober 4, 2011

The Legislature has since amended the law to shift administration of the program to the State Department of Education, rather than the school districts. Pruitt's letter asks Jones' office to audit the schools that initially did not comply with the law...more »

Property Taxes
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Kansas City StarOctober 2, 2011

Romney said he was determined to reduce taxes in a state long derided for its high costs: in the corridors of finance, “Taxachusetts” had become a casual epithet. Inside the Romney administration, Alan LeBovidge, a recently retired corporate tax...more »

Sales Tax & Use Tax
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Council in favor of Kearney bar, cafe tax
Lexington Clipper HeraldOctober 3, 2011

He said the half-cent sales tax is being used, mostly, for street projects. He said there are parameters on the half-cent sales tax about what the funds can be used for. "Philosophically, I think it's about time we start slowing down all of this ...more »

Corporate Income Taxes
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UPA government is intolerant to criticism: Arun Jaitley
Daily News & AnalysisOctober 2, 2011

The Income Tax department had yesterday sent notices for scrutiny to two NGOs associated with former police officer Kiran Bedi. On IPS officer Sanjiv Bhatt's arrest, he said it was a law and order related matter. Bhatt as an officer had pressurised his ...more »

Tax Evasion Defence
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Govt expands CBDT committee on black money
The HinduOctober 11, 2011

Mr. Rana is now handling all the probe cases related to tax evasion and search-and-seizure operations by the IT Department which will form part of the panel's deliberations. The Committee has been constituted to examine ways to strengthen laws to curb ...more »

Estate Taxes & Gift Taxes
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ASAP Tax Releif Announces New Website
PR Web (press release)October 8, 2011

Whether you are experiencing bank levies, wage garnishments or IRS liens with the accompanying fines and interests, the highly trained tax specialists at ASAP Tax Relief are prepared to tackle and negotiate tax solutions in your particular situation. ...more »

Tax Planning
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Estate planning enters perfect storm
Bizjournals.comOctober 7, 2011

Tax legislation has inspired small business owners to engage in a flurry of estate tax planning. Coupled with already-low interest rates and the ability to use some creative planning techniques not yet shut down by the president or Congress, ...more »

International Taxation
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Supreme Court May Hear Challenge To Ohio Satellite TV Tax
ForbesOctober 3, 2011

The Sixth Circuit, which is based in Cincinnati, rejected a similar case involving DirecTV challenging a Kentucky law that appeared to favor cable-TV companies. But the same circuit also struck down an Ohio law in 2004 that gave an investment tax ...more »


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