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

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Hail Damage Helps Sales and Use Tax Revenue Soar
KGWNOctober 1, 2011

Sales and use tax collections typically lag the point of sale by about two months, which means the work load from the hail storm events that happened in July are just now starting to show in the state's tax numbers. "We're seeing this work load ...more »

Ventura company awarded security gate contract at Port of Hueneme
Ventura County StarOctober 1, 2011

Berry listed its subcontractors as Ventura-based companies C&W Construction and Taft Electric Co., Interstate Striping & Signs Inc. of Thousand Oaks, Benner & Carpenter of Santa Paula, and Mission Paving & Sealing Inc. of Irwindale. ...more »

Tax Law News and Stories

Audit Defence
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Victims discuss scorn of IRS at tax fraud forum
Tbo.comOctober 2, 2011

"I supposedly owe the IRS," said the retired Army staff sergeant who used to train drill sergeants. "I don't owe them anything. I keep telling them, 'Come on and audit me. Come on. Bring it on. I'm not shy.' " Elliott is one of a growing number of ...more »

Irs Filing & Compliance
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Flaherty Says He's Hopeful of Canada-US Facta Dispute Solution
BusinessWeekOctober 19, 2011

By Theophilos Argitis Oct. 19 (Bloomberg) -- Canadian Finance Minister Jim Flaherty said he's hopeful he can come to an agreement with the US that will resolve a dispute over IRS disclosure rules that threaten to be costly to Canada's banks. ...more »

Business Audit Defence
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US-Chinese Progress on Accounting Is Dealt Setback
Wall Street JournalOctober 3, 2011

US-Chinese negotiations to allow American audit-firm inspectors into China suffered a setback Monday, as US regulators indicated that a planned visit to Washington by their Chinese counterparts to continue the talks has been ...more »

Personal Irs Disputes
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Hebron animal shelter owners face 54 counts of animal cruelty; 68 neglected ...
The SaratogianOctober 5, 2011

It was one of more than 19000 New York and 275000 nationwide nonprofit organizations that had their status revoked after the laws regarding nonprofits filing annual notices with the IRS changed. The Pension Protection Act of 2006 requires that all ...more »

Property Taxes
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Hewlett Neck Seeks Override of Property Tax Cap
Patch.comOctober 7, 2011

Mayor Stuart Troyetsky suggested that higher taxes may be imminent. “I pulled up the proposal about anybody raising property tax more than 2 percent," he said. "I'm proposing a law to override this. Of course, a public hearing will be needed. ...more »

Corporate Income Taxes
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Times-Call staff
Longmont Daily Times-CallOctober 2, 2011

What it means: Colorado's income tax would increase from 4.63 percent to 5 percent and state sales tax would increase from 2.9 percent to 3 percent for five years, effective Jan. 1. The increased revenue, all of which would go to education, ...more »

Sales Tax & Use Tax
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ADP Achieves Oracle Validated Integration With Oracle E-Business Suite 12.1
Sacramento BeeOctober 4, 2011

This functionality can help joint customers improve the accuracy and efficiency of their sales and use tax calculations by providing access to periodically updated rates and rules developed by an in-house staff of sales and use tax experts. ...more »

Estate Taxes & Gift Taxes
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Pressure ratchets up in sales tax drama
Chicago TribuneOctober 4, 2011

And some are fighting in Will County Circuit Court to prevent Kankakee and Channahon from disclosing such information in response to requests from other government agencies under the Freedom of Information Act. The Will County case also seeks ...more »

Tax Evasion Defence
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Switzerland Leapfrogs Delaware to Top Financial Secrecy Ranking
BusinessWeekOctober 3, 2011

Oct. 4 (Bloomberg) -- Switzerland climbed to the top of a financial secrecy index, even after a global crackdown on tax evasion, according to a report from the Tax Justice Network. The Alpine country, whose secrecy laws date back to 1934 ...more »

International Taxation
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House to Vote on Contractor Withholding Tax Repeal, Cantor Says
BloombergOctober 3, 2011

The House will vote to repeal a 3 percent withholding tax on US government contracts, House Majority Leader Eric Cantor said today, reiterating a plan he announced in August. The law, written to prevent ...more »

Tax Planning
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Save estate taxes with gift giving
Monterey County HeraldOctober 5, 2011

Gifting assets is just one of the many strategies used in estate and income tax planning. I strongly recommend that you consult with your tax professional to help develop a well-rounded estate planning strategy specific to your situation. ...more »

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Todd A RossmanAttorney at LawPRACTICE AREA: Elder Law, Real Estate Law, Tax Law, Wills & Probate, Business Law, Trusts & Estate Planning, Industrial Development Law
Dennis D SuttonAttorney at LawPRACTICE AREA: Family Law, Real Estate Law, Business Law, Industrial Development Law