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

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The net closes on cyber-snoopers
The IndependentFebruary 1, 2012

Many internet users find these digital devices, which are used by websites to create personal profiles based on use of the Internet, intrusive. The data is used for Online Behavioural Advertising, allowing companies to direct their display adverts at ...more »

Huckster Propaganda: Voice of San Diego gets a taste of its own fact check
San Diego CityBEATFebruary 1, 2012

If in certain contexts it characterizes (and trumpets) advertising as a form of support, it should not turn around and deny that advertising is support. The claim is false. The question, however, is whether there are aggravating factors.more »

Tax Law News and Stories

Audit Defence
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How to find trustworthy tax preparation help
Wilson County NewsFebruary 3, 2012

According to the IRS, 80 percent of Americans will enlist the help of a tax preparer or tax software when filing their taxes. Better Business Bureau encourages taxpayers to use caution when selecting tax preparation help to avoid penalties or fees.more »

Irs Filing & Compliance
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New Rules for Reporting Capital Gains, Losses
Fox BusinessFebruary 10, 2012

If you have capital gains and losses in 2011, then you have some new reading to do before filing your tax return. Good luck. To ensure compliance with requirements imposed by the IRS, we inform you that any US federal tax advice contained in this ...more »

Business Audit Defence
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LIPA oversight bill becomes law
Port Times RecordFebruary 2, 2012

The Department of Public Service will oversee the audit process, reviewing LIPA's internal policies and procedures to improve efficiency and transparency. The LIPA board will be required to publicly present the findings and recommendations of the ...more »

Personal Irs Disputes
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Swiss Bank Wegelin Charged in US With Aiding Tax Evasion
BloombergFebruary 2, 2012

“Wegelin Bank aided and abetted US taxpayers who were in flagrant violation of the tax code,” Manhattan US Attorney Preet Bharara said in a statement. The US and Switzerland are in talks to resolve a US probe of offshore tax evasion.more »

Property Taxes
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All Sides Agree: Tax Law Doesn't Apply to ACA
MedPage TodayFebruary 7, 2012

The penalty defined in the ACA would only be considered a "tax" if uninsured individuals could pay the tax and then lawfully be allowed to go without insurance, lawyers for the NFIB argued. But under the law, people without insurance would pay the fee ...more »

Corporate Income Taxes
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GOP targets child tax break for illegal immigrants
CBS NewsFebruary 8, 2012

"If there are rules, they need to be enforced. I think it's just that simple. I don't think it's complicated." Illegal immigrants have been barred from other refundable tax credits — in which low-income workers not only don't owe income taxes but ...more »

Sales Tax & Use Tax
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Nebraska lawmakers rush to pass bills to lure data center
DatacenterDynamicsFebruary 6, 2012

If passed, the legislation would give Project Edge and other similar projects sales and use tax refunds and potentially lower their electricity rates. Such incentives are a common way for states to attract data center construction projects, ...more »

Estate Taxes & Gift Taxes
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Study: Health Law's Tax On Insurers Will Take Bite Out Of Medicaid
Kaiser Health NewsFebruary 1, 2012

The law calls for a new tax on health insurers' premium revenue — intended to help pay for expansion of coverage to 32 million uninsured Americans. But the tax will be paid by all insurers, including those that contract with states to provide coverage ...more »

Tax Evasion Defence
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Father-son owners of Elgin strip club charged with tax evasion
Chicago Sun-TimesFebruary 2, 2012

Not only did the father-son owners of a northwest suburban strip club fail to pay taxes on about $4 million in fees they collected from their dancers, but they also ran an illegal Internet gambling service from their homes that netted another $400000, ...more »

International Taxation
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Wisconsin Voter ID Law Becomes A Hardship For Colleges, And Raises Concerns Of ...
Huffington PostFebruary 13, 2012

"Frankly, I can't imagine that this practice will last long because it is so obviously a poll tax," she said via an email. "However, opponents to to [the] Voter ID law said that particularly with student IDs, it would be essentially an unfunded mandate ...more »

Tax Planning
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3 best tax prep and filing programs
CBS NewsFebruary 1, 2012

Assuming that you're planning to do your own taxes this year, here's a trio of programs that you should consider when it comes time to complete your returns: TurboTax has the best pedigree of any tax prep software available.more »

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