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

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Gyms investigated for unfair contracts
The IndependentFebruary 1, 2012

'The magic of the cup' isn'ta term often used to describe Spain's premier domestic cup competition,... Fears about flooding are rising - but of more pressing concern is the ending of the government agree... They were 27 days into their journey when ...more »

Young people 'more financially savvy'
Vanquis BankFebruary 1, 2012

When looking to build a credit rating, many people could be setting themselves a strict budget plan and using any spare money left over to save for emergencies. Young people may be more disciplined in this sense than their older counterparts, ...more »

Tax Law News and Stories

Audit Defence
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IRS Tackles Giants Safety Antrel Rolle--Hard
ForbesFebruary 3, 2012

But according to the court, last year he agreed to pay $1.9 million plus interest–pretty much everything the IRS was seeking. The tab included $368000 in late-filing and accuracy-related penalties. R0lle's lawyer, Hiram M. Martin, did not respond to a ...more »

Irs Filing & Compliance
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TaxMasters Announces $25 Million Equity Financing
MarketWatch (press release)February 3, 2012

...problems and substantial federal tax debt. Tax services from TaxMasters include IRS consultations, tax return preparation, settlement analysis, and assistance with IRS automated collections, Revenue Officer involvement and collection due process.more »

Business Audit Defence
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Law Grads Claim Schools Misled
Wall Street JournalFebruary 1, 2012

By JOE PALAZZOLO And JENNIFER SMITH Lawsuits accusing a dozen law schools across the country of fudging post-graduate employment statistics were filed on Wednesday, amid mounting controversy over the high cost of tuition and grim job prospects for ...more »

Personal Irs Disputes
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Nevada Business Dispute Gets Nasty
Courthouse News ServiceFebruary 2, 2012

Whittemore and his wife, Annette, were suedlast week in Clark County Court by Wingfield Nevada Group Holding Co., which claimed that the lobbyist, developer, businessman and lawyer embezzled money to bankroll his lavish lifestyle.more »

Property Taxes
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Strictly Legal: Intellectual property field is challenging
Montreal GazetteFebruary 3, 2012

As close to 100 Montreal lawyers gathered at Chabad of the Town for a law symposium featuring two sitting judges, a lawyer and a rabbi pronouncing on intellectual property law learned this past Tuesday, the whole field of law that deals with the ...more »

Corporate Income Taxes
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Income tax raid threat to Uttar Pradesh chief minister Mayawati
gulfnews.comFebruary 1, 2012

By Ajay Jha, Chief Correspondent New Delhi: The Uttar Pradesh chief minister Mayawati could be in trouble with the Income Tax department raiding one of her close associates Wednesday. The directorate of criminal investigation of the Income Tax...more »

Sales Tax & Use Tax
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Tax break sought for adult sports too
Omaha World-HeraldFebruary 2, 2012

Abbie Cornett, who is chairwoman of the Legislature's Revenue Committee, introduced a measure to clarify that youth sports events and leagues run by municipalities and nonprofit organizations such as the YMCA should be exempt from sales and use taxes.more »

Estate Taxes & Gift Taxes
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States will get socked with new Medicaid tax under health law
Bellingham HeraldFebruary 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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Owners of Elgin strip club Blackjack's are charged with tax evasion
Chicago TribuneFebruary 3, 2012

Anthony Buttitta's lawyer, Kevin Bolger, said Thursday that his client and federal investigators are "working toward an amicable solution" to the tax and gambling charges. "We will answer all the allegations in court," Bolger said.more »

International Taxation
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Mitsubishi Electric Reports Tax Costs Following Revised Corporate Tax Law
MarketWatch (press release)February 2, 2012

Deferred tax assets and liabilities for the first 9 months of fiscal 2012 have been re-evaluated for the reduction of corporate tax rates to be effective as of April 2012, which follows the promulgation in December 2011 of the "Act for Partial Revision ...more »

Tax Planning
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Union Center firms can prepare your taxes
Suburban NewsFebruary 2, 2012

Ed Ryan offers comprehensive financial planning, including investments, insurance, IRAs, annuities, college, estate and retirement planning, and securities offered through HD Vest Investment Services SM, Member SIPC. Ryan Financial also prepares tax...more »

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