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

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RCMP cautions YK renters to beware of scams
HQ YellowknifeOctober 1, 2011

The Yellowknife RCMP's commercial crime section is warning people about fraudulent ads popping up on on-line classified sites offering apartment rentals. Two such incidents have been reported in Yellowknife this month. Corporal Jarret MacDonald with ...more »

Many of state's Friendly's franchises won't be hurt by bankruptcy
Danbury News TimesOctober 1, 2011

While unlikely to threaten their ice cream places, customers and business experts saw the potential bankruptcy as an indication of the economy's state. "You'd think a place like this would be OK with its moderate prices," Furrer said. ...more »

Tax Law News and Stories

Audit Defence
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Networth: IRS offers employers amnesty on worker classification
The RepublicOctober 12, 2011

They are not really independent contractor duties," says Jim Brown, an employment lawyer. The IRS program does not make it any easier to determine who is and is not an employee. There are various tests, but most employers look at a list of 20 factors ...more »

Irs Filing & Compliance
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Special IRS Audits Target Wealthy Elite
ForbesOctober 7, 2011

The IRS is trolling for compliance glitches with wealthy taxpayers. Variously referred to as the Wealth Squad, Rich Squad or High Net Worth group, whatever you call this new IRS task force, it's trouble for elite taxpayers. ...more »

Business Audit Defence
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Morningstar Ratings On Trial
Smartmoney.comOctober 10, 2011

Are there lessons here for investors? By SARAH MORGAN For years, investors have turned to Morningstar (MORN) for help in choosing their investments. A new legal case raises questions about some of the firm's ratings. A lawsuit filed in federal court ...more »

Personal Irs Disputes
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10 Things I Know About Legal Issues For Starting A Business
Worcester Business JournalOctober 9, 2011

Mike Refolo is a business lawyer and partner at Mirick O'Connell, based in Worcester and Westborough. You can contact him at mrefolo@mirickoconnell.com. Some businesses operate fine as sole proprietorships or general partnerships, ...more »

Property Taxes
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Board to hear property tax assessment appeals
istockAnalyst.com (press release)October 4, 2011

Hanvey said once the board makes its decision, if the property owner and/or the tax assessor are not satisfied with the outcome, they may appeal it to the Administrative Law Court in Columbia. The appeal must be filed within 30 days after the board ...more »

Corporate Income Taxes
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Healthcare reform law: What's the big deal?
Los Angeles TimesOctober 7, 2011

(Nicholas Kamm / AFP/Getty Images) By William D. Leach I'm not an attorney, so I cannot help the federal judges struggling to figure out whether the individual insurance mandate in President Obama's healthcare law violates the interstate commerce ...more »

Sales Tax & Use Tax
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Amazon deal with Calif. may set precedent for online tax collection | The Republic
The RepublicOctober 5, 2011

When state legislators came to Washington last month to give their view on federal debt negotiations, one thing they asked Congress for was passage of the Main Street Fairness Act. With Amazon and big brick-and-mortar retailers like Wal-Mart and Target ...more »

Estate Taxes & Gift Taxes
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Missouri House Passes Jobs Bill
OzarksFirst.comOctober 6, 2011

The House passed its version of the legislation by a margin of 98-48. One key sticking point is how each piece of legislation handles tax credits for low income housing developers and people who renovate historic structures. The Senate bill included ...more »

Tax Evasion Defence
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Tax Evasion: Individuals, Corporations Can Plead Insanity'
THISDAY LiveOctober 5, 2011

“Tax evasion is a crime that can be committed by individuals and companies. As a crime, insanity is available as a legitimate defense open to individual persons and companies accused of tax evasion and companies can and do suffer from insanity. ...more »

International Taxation
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Casino bill may cost schools over $100 million over 2 years: study
Chicago Sun-TimesOctober 4, 2011

That's because of a tax break written into the legislation at Mayor Rahm Emanuel's request that assigns the highest-grossing casinos a tax rate as little as 20 percent on revenues above $350 million. Existing law taxes such windfalls at a 50-percent ...more »

Tax Planning
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Corporation Tax: We delay at our peril
Belfast TelegraphOctober 4, 2011

However, reducing corporation tax is only half the story in helping to create economic growth and it must come hand in hand with a complete overhaul of our bloated and lethargic planning system. With corporation tax cut, economic recovery will be ...more »

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