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

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Google exec's brother accused in domestic attack
San Francisco ChronicleApril 1, 2012

San francisco Brother of Google exec accused in attack The younger brother of top Google executive Marissa Mayer is accused of three felonies - assault, false imprisonment and domestic violence - after allegedly beating his girlfriend after a San ...more »

BUSINESS IN BRIEF 1/4
VietNamNet BridgeApril 1, 2012

The possible bankruptcy of construction company Hanic (SHN) has revealed possible misuses of company funds by staff and drawn attention to the inadequacy of many companies' internal control systems. According to the deputy director of the Ministry of ...more »

Tax Law News and Stories

Audit Defence
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Taxes Not Filed? These Tips May Help You
JD Supra (press release)April 5, 2012

The IRS expects you to report the income even if you're missing the documentation.” (6 Ways to Increase Your Chances of an IRS Tax Audit by Lawyers.com) 3. Even when you don't consider it “income”… “The IRS has issued Tax Tip 2010-34 'Gambling ...more »

Irs Filing & Compliance
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Proposed FATCA regulations released
Thomson Reuters News & InsightApril 2, 2012

A domestic private fund is not required to enter into any special agreement with the IRS in order to comply with FATCA. However, a domestic fund does need to determine if its limited partners are subject to FATCA withholding. The fund is a withholding ...more »

Business Audit Defence
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State audit questions Clark court's fees
Louisville Courier-JournalApril 3, 2012

“These offenses were not substance use-involved offenses and the traffic offenders did not receive alcohol and drug program services,” says the board of accounts audit for Jan. 1, 2008, through Dec. 31, 2010, which was issued last month. State law...more »

Personal Irs Disputes
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Have a U.S. property? The tax man cometh
Regina Leader-PostApril 14, 2012

"You can get advice from a US lawyer but a lot of it doesn't apply to Canadians." One thing is certain for all Canadians who buy homes south of the border, he says: "At some time or another, we will all have to deal with the IRS (United States Internal ...more »

Property Taxes
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House GOP tax plan falls short
The StateApril 1, 2012

But while this marks the most serious proposal we've seen in years, some of its “solutions” are worse than the problems, and it fails to address so many of the worst problems with our antiquated, special-interest-driven tax code that it can't be ...more »

Corporate Income Taxes
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Bracing for new filing requirements
BusinessWorld Online EditionApril 1, 2012

By Saha P. Adlawan-Bulagsak With barely two weeks to go before the April 16 tax filing deadline (April 15 being a Sunday), taxpayers and tax practitioners alike are busy finalizing financial statements and preparing annual income tax returns (ITRs) for ...more »

Sales Tax & Use Tax
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IRS: Check and recheck tax figures
Monroe News StarApril 2, 2012

It's estimate about 60 percent of taxpayers will use tax professionals this year to prepare and file their tax returns. While most return preparers provide honest service to their clients, questionable return preparers have been known to skim off their ...more »

Estate Taxes & Gift Taxes
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Private Equity Tax Break Won't Apply to Health-Care Levy
BusinessWeekApril 2, 2012

For high earners above the threshold, the health-care tax would bring the levy on dividends to as much as 43.4 percent. The Supreme Court heard arguments last week on the constitutionality of parts of the health care law, and a ruling expected by the ...more »

Tax Evasion Defence
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Boies Hire, Verrilli Ad, Justice Tax Chief: Business of Law
BloombergApril 2, 2012

Dewey has had 38 partners leave since the start of the year, according an article in The American Lawyer magazine. The New York-based law firm lost 12 insurance and regulatory lawyers to Willkie Farr & Gallagher LLP (1179L) on March 17.more »

International Taxation
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Voters approve law enforcement sales tax for Greene County
Springfield News-LeaderApril 4, 2012

Greene County Sheriff Jim Arnott (center) is patted on the back by Captain Michael Penland as Arnott and his wife Jennifer Arnott cheer after the Law Enforcement Sales Tax passed during a watch party at the Sheriffs office on Tuesday, April 3, 2012.more »

Tax Planning
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Planning for a post-VY economy Senate committee hears local concerns, ideas
Brattleboro ReformerApril 2, 2012

Oliver Olsen, R-Jamaica, has introduced an amendment to a tax bill this year that would direct about $1.5 million from Vermont Yankee tax payments directly toward Windham County for planning and economic development. Some of the testimony Friday seemed ...more »

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