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

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The crash that goes on forever
Gloucester AdvocateApril 1, 2012

Australian registered aircraft can still fly the Pacific under regulations that have clearly failed, yet the Civil Aviation Safety Authority has done little but suspend the pilot, only to reinstate him after he hired a lawyer. Pel-Air will not discuss ...more »

New Presiding Bishopric, Relief Society Presidency and General Authorities ...
KCSGApril 1, 2012

He received a bachelor's degree from Brigham Young University and a law degree from the University of Utah. A member of the Pawnee Nation, Elder Echo Hawk was serving as the Assistant Secretary for Indian Affairs, US Department of the Interior when he ...more »

Tax Law News and Stories

Audit Defence
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The People vs. the IRS
BusinessWeekApril 5, 2012

On a March Friday, after a week that included briefing Capitol Hill staffers about identity theft, meeting with IRS lawyers about domestic partnership laws, and working on a blog post about her latest gripes with the agency, Olson gave a keynote speech ...more »

Irs Filing & Compliance
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IRS commissioner won't stay for second term
GovExec.comApril 5, 2012

Though results are not yet in, the expectation is data analysis will improve detection of tax fraud by spotting trends earlier and zeroing in on preparers whose returns have repeated compliance problems. The long-sought shift to electronic tax filing...more »

Business Audit Defence
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Audit rips state's capital asset management structure
Edmond SunApril 6, 2012

The scathing comments are part of a letter by State Auditor Gary Jones dated April 9 addressed to the residents of Oklahoma, part of a report from Jones' office. The performance audit of the Department of Central Services was for the period July 1, ...more »

Personal Irs Disputes
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Pill mill magnate pleads guilty, will hand over $12 million
Palm Beach PostApril 3, 2012

Vincent Colangelo, 43, of Davie, a convicted drug dealer turned pill mill owner, pleaded guilty to drug, money-laundering and income tax crimes in federal court after reaching a plea agreement with prosecutors. He agreed to forfeit $6 million worth of ...more »

Property Taxes
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Idaho Basic Business Taxes 2012 | Idaho, Corporate Income Tax | Area ...
Area Development OnlineApril 4, 2012

All corporations that transact or are authorized to transact business in Idaho or have income attributable to Idaho are subject to the corporate income tax. A 7.6 percent tax is imposed on net taxable income allocated and apportioned to the state.more »

Corporate Income Taxes
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Ask the Accountant
NorthJersey.comApril 1, 2012

Q. I know that the personal income tax filing deadline is April 15 each year. So why is it that my 2011 federal and state personal income tax returns are not due until Tuesday, April 17.? You may not be familiar with Emancipation Day, ...more »

Sales Tax & Use Tax
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Regressive sales tax cap on vehicles needs revision
Charleston Post CourierApril 10, 2012

It has aptly been described by the most recent tax study commission as “one of the most regressive aspects of the state's entire sales and use tax code today.” With the sales tax cap, a person buying a used car costing $6000 pays the same tax as a ...more »

Estate Taxes & Gift Taxes
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Beer tax among old laws commission recommends be repealed
BBC NewsApril 3, 2012

The legislation for a tax on beer was enacted between 1798 and 1828. The money was collected locally and was put to good uses in the burghs in question, for example for roads and other purposes. Sir James Munby, chairman of the Law Commission for ...more »

Tax Evasion Defence
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Textile sector: Massive misuse of revised ST zero-rating regime unearthed
Business RecorderApril 4, 2012

The directorate of intelligence IR seriously realize that the textile sector is the backbone of the economy and action will only be taken against units where sales tax evasion and misuse of SRO.1125(1)/2011 and SRO. 283(1)/2011 would be confirmed by ...more »

International Taxation
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Few object to Medicare tax, free emergency care
Appeal-DemocratApril 2, 2012

Lindsey Donner, a small-business owner in San Diego, pays the Medicare tax although she and her husband are uninsured. Donner, 27, says she doesn't see much difference between the mandate that workers help finance Medicare and the health care law's...more »

Tax Planning
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Last Minute Tax Planning Discussed by Certified Public Accountant Sanjiv Gupta
Virtual-Strategy MagazineApril 2, 2012

Sanjiv Gupta recommends proper record keeping and planning to maximize the reduction in tax liability. “Small business owner with $100000 in income can reduce tax liability to ZERO by properly planning and taking advantage of various tax deductions and ...more »


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