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

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Judge says Occupy DC demonstrators must get notice before any eviction; feds ...
Washington PostFebruary 1, 2012

Mayor Vincent Gray and DC health officials have expressed concern about a rat infestation at McPherson Square and other sanitation problems, with the mayor suggesting that the demonstrators relocate to Freedom Plaza, another federal space that's been ...more »

During Super Bowl week "Tackle Domestic Violence"
KXII-TVFebruary 1, 2012

DURANT, OK-- The Crisis Center is holding its 2nd Annual "Tackle Domestic Violence," fundraiser. During Super Bowl week last year, they raised about $5000 for Texoma Counties.This year, they hope to score even more. In 2011, the Crisis Control Center, ...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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1099-K: Online payments and the IRS
Pizza Marketplace.comFebruary 17, 2012

By Katei Cranford In the United States, IRS tax form 1099-K, Merchant Card and Third Party Network Payments, has just landed on the desks of merchants who accept and make transactions online. Aimed at increasing compliance amongst third-party network ...more »

Business Audit Defence
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Ernst & Young paying $2M in audit settlement
The Associated PressFebruary 8, 2012

We take these issues very seriously, and remain highly confident in the quality of our audits." Congress created the PCAOB in a 2002 anti-fraud law responding to the wave of corporate scandals that began with Enron in late 2001.more »

Personal Irs Disputes
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York: What really happened in Newt's ethics case?
MetroWest Daily NewsFebruary 1, 2012

Under public pressure, the Ethics Committee — made up of equal numbers of Republicans and Democrats — took up the case and hired an outside counsel, Washington lawyer James Cole, to conduct the investigation. Cole developed a theory in which Gingrich ...more »

Property Taxes
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Governor pushed to OK tax cut for low-income Iowans
DesMoinesRegister.comFebruary 1, 2012

Terry Branstad sign into law a tax cut for low-income families before Democrats will even consider his plan to cut commercial property taxes. “Hold on, Governor. Don't count your tax cuts before they've hatched,” Sen. Joe Bolkcom, D-Iowa City, ...more »

Corporate Income Taxes
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Stringer Calls for Tax Cut
Wall Street JournalFebruary 2, 2012

Manhattan Borough President Scott Stringer, a potential 2013 mayoral candidate, will on Thursday propose slashing city income taxes for 95% of New Yorkers, a plan based on Gov. Andrew Cuomo's overhaul of the state tax code.more »

Sales Tax & Use Tax
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Improved holiday sales boost tax collections
The City WireFebruary 2, 2012

December sales were up, according to Arkansas' January tax collection report, with year-to-date (July 2011 - Jan. 2012) gross tax revenue up 3.8% compared to the same period a year ago. The report was released Thursday (Feb.more »

Estate Taxes & Gift Taxes
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Mitt Romney: Pushing the envelope on taxes
PoliticoFebruary 2, 2012

He's pushed the envelope on how much of his income qualifies for that 15 percent rate; engorged his individual retirement account to postpone millions in taxes and applied peculiarities of trust and estate law to funnel tens of millions to his sons and ...more »

Tax Evasion Defence
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Swiss Bank Wegelin Charged in US With Aiding Tax Evasion
BusinessWeekFebruary 3, 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 »

International Taxation
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New at the top: Mark Weinberger, chief executive-elect of Ernest & Young
Washington PostFebruary 5, 2012

But during my time at Ernst & Young as I began to see how the tax laws were applied in business, I started thinking about what the laws should be. A few years into the job, someone approached me about a tax counsel position in Sen.more »

Tax Planning
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Please Mr FM, don't pack your budget with just higher taxes
FirstpostFebruary 6, 2012

Starting from April, get ready to pay more for a whole host of services because the central government is planning to widen the tax net quite significantly. According to a report in Business Standard, the central government is putting the finishing ...more »


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