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

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Check crowdfunding investments carefully; pitfalls abound
Palm Beach Daily NewsApril 1, 2012

However, crowdfunding is about to take on a new dimension in the world of investing. Federal legislation at this writing was being finalized to let small companies issue stock with significantly limited registration and disclosure requirements.more »

Men seek equality, say divorce laws treat husbands as ATMs
Deccan HeraldApril 1, 2012

The latest decision of the Union cabinet to amend divorce laws has been opposed by organisations which say they work to protect the rights of men. These organisations claim that divorce laws favour the interests of women and reduce men to being ATMs, ...more »

Tax Law News and Stories

Audit Defence
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FedEx fails to deliver for drivers
iWatch NewsApril 2, 2012

The distinction sits in a stubbornly murky corner of the law, and workers, employers and governments have a lot riding on the outcome. Meanwhile the number of people who are working but not considered employees continues to grow.more »

Irs Filing & Compliance
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T&E expenses: IRS compliance tips
Business Management DailyApril 4, 2012

However, if a T&E policy does not meet the IRS standards, or employees do not adequately substantiate their business expenses, their reimbursements are fully taxable. These standards are commonly referred to as the accountable plan rules.more »

Business Audit Defence
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JOBS Act Becomes Law
NuWire InvestorApril 2, 2012

Although the “crowdfunding” portion of the bill has been grabbing headlines (giving start-ups the opportunity to source funds from large groups of small investors via the Internet) the Act is sweeping in its regulatory reforms.more »

Personal Irs Disputes
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Lawyer sentenced to 23 years for securities fraud
Daily CometApril 5, 2012

By MICHAEL BIESECKER AP RALEIGH, NC - A former securities lawyer was sentenced Wednesday to 23 years in prison for his role in a massive fraud scheme that targeted about 200 investors in 21 states, including several Baptist churches.more »

Property Taxes
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Capitol Alert: California sues Orange County over $73.5 million in taxes
Sacramento BeeApril 5, 2012

By Kevin Yamamura California state officials sued Orange County today to recoup $73.5 million in property taxes, the latest development in a feud stemming from last year's state budget. Since its 1994 bankruptcy, Orange County received an enhanced ...more »

Corporate Income Taxes
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Bay Staters who work in Rhode Island could cash in on new tax ruling
Wicked LocalApril 2, 2012

As a result of the recent change, Bay State residents who since 2008 have been paying into the Rhode Island Temporary Disability Act (TDI) now are entitled to a 100-percent credit, or abatement. “It's a substantial amount of money,” said DOR spokesman ...more »

Sales Tax & Use Tax
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Tax Zappers and Sales Tax Exemptions
Accounting TodayApril 4, 2012

That's what happened this past Sunday in New York State, where clothing and footwear items under $110 are now exempt from the 4 percent sales and use tax. New York City and several counties around the state are also exempting clothing and footwear ...more »

Estate Taxes & Gift Taxes
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Claiming Fido on Your Taxes
ForbesApril 2, 2012

The bill, HR 3501, was introduced as the “Humanity and Pets Partnered Through the Years” (HAPPY Act) and would allow deductions of up to $3500 a year for pet expenses. It was introduced by Michigan Rep. Thaddeus McCotter and co-sponsored by Rep.more »

Tax Evasion Defence
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Carlo J. Caparas pays P65M taxes
ABS CBN NewsApril 3, 2012

Caparas, who was indicted for tax evasion by the Department of Justice last year, placed only 39th on the list of top taxpayers in 2009. The BIR had estimated his total tax deficiency at P101.82 million amid his alleged failure to file value-added tax ...more »

International Taxation
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Airbnb, other sites owe city hotel tax, SF says
San Francisco ChronicleApril 4, 2012

Laws like San Francisco's hotel tax, adopted in 1961, "were written long before the Internet or any of these activities were conceived," said Kim Rubey, an Airbnb spokeswoman. "Innovative new models that allow San Franciscans to generate additional ...more »

Tax Planning
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More Americans Stretching Tax Refunds Further This Year as "Needs" Top "Wants"
MarketWatch (press release)April 2, 2012

For more information about Cricket's devices and no contract service plans, as well as Cricket locations participating in the Liberty Tax Services® promotion, visit . Cricket is the pioneer and leader in delivering innovative ...more »


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