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

Top Picks in News

Ammunition business leads the way for Alliant
Minneapolis Star TribuneApril 1, 2012

In addition to civilians, the sporting group also markets ammunition and accessories to security companies and law enforcement agencies, which have increased their spending since the 9/11 terrorist attacks. Alliant recently won renewal of a contract to ...more »

American Airlines improving its LAX terminal despite bankruptcy
Contra Costa TimesApril 1, 2012

The aim, officials say, is to improve service to travelers as a way to drum up business and drive down costs. "We're in bankruptcy, but that doesn't mean we're not improving the customer experience," Mary Frances Fagan, director of corporate...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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Performance audits
Tulsa WorldApril 1, 2012

There would be absolutely no restraint on the state auditor's authority to pursue performance audits based on whatever agenda he might choose. State law already provides for performance audits of all state officers, institutions and governmental ...more »

Personal Irs Disputes
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With former Toms River Regional Superintendent Michael J.- 6:24 pm
Asbury Park PressApril 5, 2012

Ritacco Pleads Guilty (4/5/12): Former Toms River Schools Superintendent Michael J. Ritacco Pleads guilty to public corruption and tax evasion charges. VIDEO COURTESY OF NEWS12 In this file photo from October 20, 2010, FBI agents walk Toms River ...more »

Property Taxes
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Willson & Pechacek, PLC partners speak on “Politics in the Assessor's Office”
SW Iowa NewsApril 9, 2012

He is a frequent lecturer and speaker on topics such as property tax assessments, estate planning and corporate/business law matters. Mr. Cox concentrates his practice in the area of civil litigation, including employment law, personal injury law, ...more »

Corporate Income Taxes
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Kansas business tax cuts would shift revenue to other states
Kansas.comApril 1, 2012

By Dion Lefler and Brent D. Wistrom TOPEKA — The centerpiece business tax cut in Gov. Sam Brownback's plan to reform income taxes would enrich dozens of other states at Kansas' expense, The Eagle has learned. For out-of-state taxpayers who earn ...more »

Sales Tax & Use Tax
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'Let Voters Decide': Tax Reform in Missouri
American ThinkerApril 1, 2012

In 2010, Missouri enterprises paid out $163 billion (see note) in wages and salaries, and the "state sales and use tax" produced revenue of $2.95 billion (page 4). So our surtax on earned income would produce as much revenue as the current sales tax ...more »

Estate Taxes & Gift Taxes
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French Socialist's big idea: tax the rich
NBC 29 NewsApril 3, 2012

"The problem is not the level of taxation you suffer," said Hazan, who heads the tax department at law firm Salans. "The problem is when you cannot anticipate how much you will be paying." The French tax code has long been unpredictable, she said, ...more »

Tax Evasion Defence
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Greek tax collectors hit back over corruption charges
The News InternationalApril 5, 2012

Government experts charged with rescuing Greece's desperate public finances have said tax collectors not only tolerate evasion, but often take bribes from tax transgressors in exchange for lighter penalties. Greece, under immense pressure from its ...more »

International Taxation
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Vodafone CEO says amendment to tax laws is “arbitrary” and “punitive”
NDTVApril 2, 2012

Vodafone's CEO, Vottorio Colao, has written to the Prime Minister and to the Finance Minister about the government's proposal to amend tax laws. The modification, which will apply retrospectively from 1962, could allow the government to tax Vodafone ...more »

Tax Planning
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Keeping Cool With (Mega) Millions
Wall Street JournalApril 1, 2012

Wealth advisers generally recommend taking the lump sum for its tax advantages and planning benefits. Charles M. Aulino, director of financial planning for the Glenmede Trust Co., said that since tax rates are likely to increase in the coming years, ...more »


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