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

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Attorney general opinion clarifies Harbor Police authority
Houma CourierFebruary 1, 2012

The Louisiana Attorney General's office has clarified a 2011 decision which suggested the authority of Port Fourchon's Harbor Police Department is not recognized by the state. The confusion began last year, when the port's private Harbor Police...more »

Arkansas town strikes deal with IRS to repay $36000 in back payroll taxes
The RepublicFebruary 1, 2012

AP BAUXITE, Ark. — A central Arkansas town has reached an agreement with the Internal Revenue Service to repay payroll taxes it owes. The Arkansas Democrat-Gazette (http://bit.ly/wo4HKV) reported for Tuesday's editions that Bauxite owes more than ...more »

Tax Law News and Stories

Audit Defence
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Why Geezers Are Occupy Wall Street's True Enemy
Big GovernmentFebruary 2, 2012

The IRS decides to audit Grandpa, and summons him to the IRS office. The IRS auditor was not surprised when Grandpa showed up with his attorney. The auditor said, 'Well, sir, you have an extravagant lifestyle and no full-time employment, ...more »

Irs Filing & Compliance
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Legislation would put 3-year limit on tax return audits
East Valley TribuneFebruary 21, 2012

Arizonans who can keep their tax problems under wraps for at least three years may soon be able to escape state scrutiny. The House Ways and Means Committee on Monday approved legislation to limit to three years the ability of the state Department of ...more »

Business Audit Defence
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Audit: Delaware State University broke state law on issuing bids for ...
Dover PostFebruary 4, 2012

By Antonio Prado Delaware State University broke state law that required it to seek bids for minor capital construction work that used state funds to make more than $98000 in improvements to the president's home, a state audit report said.more »

Personal Irs Disputes
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Richard Hatch requested $25 IRS payment in tax evasion case, was denied
OnTheRedCarpet.comFebruary 8, 2012

A federal judge has rejected a request from "Survivor" alum Richard Hatch to make a reduced payment of $25 to the Internal Revenue Service in his tax evasion case. Hatcher, 50, was convicted in 2006 of failing to pay taxes on the $1 million he received ...more »

Property Taxes
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City broaches possible November ballot issue on secondary property tax
Prescott Daily CourierFebruary 1, 2012

By continuing the tax, the city could raise about $1.4 million per year. The state law requires that the tax could run for as long as seven years, and could not be renewed. McConnell's action plan proposed tying the secondary property tax measure to ...more »

Corporate Income Taxes
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Dow Chemical 4Q Net Sinks 87% On Income Tax-Related Charge
Wall Street JournalFebruary 2, 2012

s (DOW) fourth-quarter income plummeted 87%, weighed down by an income-tax related charge and a tough comparison from a year-earlier quarter when earnings nearly tripled on stronger demand. The chemical company's shares were down 3.4% in premarket ...more »

Sales Tax & Use Tax
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Your comments: Pennsylvania should reach agreements with online retailers ...
Patriot-NewsFebruary 2, 2012

This year's tax form includes a special line — line 25 — requiring citizens to pay “use tax” on items they purchased over the Internet for which no sales tax was charged. "This is totally absurd. This state should wait until it has reached agreements ...more »

Estate Taxes & Gift Taxes
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Will IRS Get Fat Off FATCA?
ForbesFebruary 1, 2012

The IRS, Treasury Department, and Congress are sticking to their guns about implementing the dreaded law. They appear to have high expectations–Just think of all of that tax information! A Treasury official says the US hopes agreements with other ...more »

Tax Evasion Defence
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2 sentenced for stealing millions in fraud scheme
Harrisburg Daily RegisterFebruary 4, 2012

Forty-six-year-old Charles Martin, formerly of Glencoe, and 63-year-old John Walsh of Lake Forest pleaded guilty in May to wire and commodities fraud and tax evasion in the theft of $17 million from One World Capital Group LLC.more »

International Taxation
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ICAP taxation committee proposes changes to income tax law
The Express TribuneFebruary 2, 2012

By Our Correspondent During an interactive session on anomalies in Pakistan's income tax laws held at ICAP House, participants decided to convey their concerns about the present tax code to the government before the next federal budget.more »

Tax Planning
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GR District: Read Our Lips, No New Taxes
Patch.comFebruary 14, 2012

By James Kleimann Strong financial planning, a few good breaks and 'painful' decisions made in the current budget year is leading Glen Rock school administrators to boldly claim they'll be in a unique position next school year – it could be the only ...more »

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