Tax Law News. Crime Stories, Law on News and Legal Publications in April, 2012

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Signs of Supreme Court activism worry Reagan administration lawyers
Los Angeles TimesApril 1, 2012

If so, it would be the first time since 1936 that the Supreme Court voided a major federal regulatory law. After the healthcare arguments, Fried was among those who worried aloud about the prospect of the Roberts court embarking on a new era of ...more »

How hiring minors could have a major impact on your business
Smart Business NetworkApril 1, 2012

Although there are federal laws that impact employees who are minors, most requirements and restrictions come from state laws, and each state has its own set of regulations that employers must follow when hiring minors, says Holly Dangler, ...more »

Tax Law News and Stories

Audit Defence
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Does Going on Return Filing Extension Increase IRS Audit Risk?
ForbesApril 16, 2012

Despite these truths, many people are obsessed with IRS audit risk. Of all the questions I get as a tax lawyer, one of the most often repeated is whether you increase audit risk by going on extension. I say no, but you'll get different answers all over ...more »

Irs Filing & Compliance
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IRS Analyzes Tax Preparer Data Looking for Fraud
Accounting TodayApril 5, 2012

“However, over the past 20 to 30 years, the way that taxpayers go about filing their taxes has dramatically changed. Today, more than 9 out of 10 taxpayers use a paid tax preparer or tax software. Despite the fact that paying taxes is one of the ...more »

Business Audit Defence
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Bossier firefighter pay audit to be completed soon
Shreveport TimesApril 2, 2012

The city recently discovered it owed some of its higher-ranked firefighters $615450 in back pay as a result of a pay raise distributed as a $400 per month, across—the-board increase rather than an incremental percentage based on rank, which state law...more »

Personal Irs Disputes
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Federal jury convicts 2 former Uxbridge residents in tax fraud schemes
Worcester TelegramApril 3, 2012

The defendants operated a payroll tax scheme to pay employees “under the table” without properly accounting for or withholding or paying the IRS the payroll taxes required by law. They “promoted the payroll scheme to employers and individuals who ...more »

Property Taxes
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Amazon resigned to collecting taxes
Pittsburgh Post GazetteApril 5, 2012

Code-naming their effort "Project ASAP," South Carolina officials offered up more than $33 million in incentives, including free land, a property-tax cut and payroll-tax credits. They even agreed to loosen the area's Bible Belt moral code, ...more »

Corporate Income Taxes
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Pranab's move to amend I-T Act against PM's assurance
India TodayApril 3, 2012

Finance Minister Pranab Mukherjee's move to amend the Income Tax Act to bring into net overseas mergers and acquisitions involving domestic assets retrospectively is in contravention with Prime Minister Manmohan Singh's assurance to the then British ...more »

Sales Tax & Use Tax
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New Jersey Could Lose $64 to $94 million in Sales Tax Revenue
Sacramento BeeApril 11, 2012

As gift cards exit New Jersey, this incremental spending is eliminated from the market, lowering total retail sales in New Jersey. Any decrease in New Jersey's retail sales would also result in a decrease in the state's sales and use tax revenue.more »

Estate Taxes & Gift Taxes
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Reich: Political jujitsu to save health care law
San Francisco ChronicleApril 1, 2012

If the Supreme Court decides that the individual mandate requiring everyone to buy health insurance is an unconstitutional extension of federal authority, the law starts unraveling. But with a bit of political jujitsu, President Obama could turn that ...more »

Tax Evasion Defence
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We all share duty of keeping state coffers healthy
Independent OnlineApril 2, 2012

The tax system can only succeed if taxpayers see that it is based on fairness and integrity. Allowing a few unscrupulous individuals or organisations to get away with evasion, aggressive avoidance and other forms of non-compliance, undermines the ...more »

International Taxation
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Why Same Sex Couples Pay More Taxes
San Francisco ChronicleApril 2, 2012

This often comes at a high expense as they hire tax professionals to navigate the sometimes confusing maze of tax laws that surround the issue. The Numbers Same sex families are paying as much as $6000 more in taxes compared to heterosexual couples, ...more »

Tax Planning
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Council OKs plans for new access to MJR
Hometownlife.comApril 1, 2012

On a related matter, the council has scheduled a public hearing for 6:30 pm Monday for comments on an amended Brownfield Redevelopment plan which would provide up to $115000 tax credit for demolition and other costs relating to the project.more »


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