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

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Man involved in Mo. police chases sentenced for illegally possessing firearms...
The RepublicApril 1, 2012

The Springfield News-Leader ( ) reported that 48-year-old Timothy Sparks was sentenced for illegally possessing firearms and for counterfeiting. In the first chase Sparks rammed another vehicle and displayed a stolen shotgun.more »

Latest homicide victim remembered as caring father
CTV.caApril 1, 2012

Chad's killing is Edmonton's third homicide of the year. Police say it's early in the investigation and they have no leads on suspects. They're appealing to the public for help. Anyone with information is asked to call police at 780-423-4567 or Crime ...more »

Tax Law News and Stories

Business Audit Defence
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Audit: Iowa should repay $2.7M in child care aid
Coshocton TribuneApril 6, 2012

Federal officials said they never formally approved the state's plan to spend the funds and promised only that they would review its compliance with the law in a future audit, which they have now completed. State officials are expected to reply within ...more »

Personal Irs Disputes
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Eleven Things Your Tax Pro Doesn't Want to Hear From You This Month
ForbesApril 4, 2012

You hire a divorce attorney for a reason: to assist you in a divorce. That attorney ought to be able to explain to you in plain English what your divorce agreement says. It's not your tax pro's job to figure out who claims the kids this year (or next ...more »

Corporate Income Taxes
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SECP proposes major cut in corporate income tax
Business Recorder (blog)April 2, 2012

It is unfortunate to note that the units not paying tax are flourishing and those paying high tax in the corporate sector have to fulfil all regulatory requirements including compliance of tax laws etc. This is a major distortion in the existing ...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 »

Sales Tax & Use Tax
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Genworth Closes the Sale of Its Tax and Accounting Advisor Unit to Cetera ...
Sacramento BeeApril 2, 2012

... announces it has closed the sale of Genworth Financial Investment Services, its tax and accounting financial advisor unit, on April 2, 2012 to Cetera Financial Group, Inc. Proceeds from the transaction will be used for general corporate purposes.more »

Estate Taxes & Gift Taxes
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Obama's insurance requirement not the only mandate
San Francisco ChronicleApril 1, 2012

Lindsey Donner, a small-business owner from 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 Evasion Defence
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Switzerland Asks Germany For Legal Aid In Tax Case
Fox BusinessApril 1, 2012

ZURICH – Switzerland's federal prosecutor has asked Germany for legal aid in connection with a case involving a CD that was stolen from Credit Suisse Group (CS) containing confidential data about Germans suspected of tax evasion.more »

International Taxation
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New Gas Tax Law Saves Pennies Per Gallon
Patch.comApril 3, 2012

Connecticut is among the highest in the nation when it comes to gas taxes, but a law being signed by Gov. Dannel P. Malloy will bring that number down a bit. By Anthony Karge Connecticut's gas taxes are nearly the highest in the nation, but motorists ...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 »

Irs Filing & Compliance
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New foreign financial asset reporting requirement with deadline of April 17, 2012
Lexology (registration)April 1, 2012

Taxpayers who fail to meet their obligation to file Form 8938 are subject to significant penalties. The Foreign Account Tax Compliance Act (FATCA) requires certain US taxpayers holding foreign financial assets, including an interest under a foreign ...more »


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