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

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College students provide free help filing income tax returns in Springfield
KSPRFebruary 1, 2012

Students at both Drury University and Missouri State University will offer free income tax preparation this winter and spring. Here is the information for both. Students will provide free tax preparation through an Internal Revenue Service (IRS) ...more »

The Am Law 100, the Early Numbers: Revenue Up, Profits Down Slightly at Cadwalader
The American LawyerFebruary 1, 2012

Cadwalader Wickersham & Taft enjoyed a modest uptick in revenue in 2011, the firm's first burst of top-line growth since 2007, according to The American Lawyer's reporting. The firm's gross revenue increased 4.4 percent to $448.5 million and revenue ...more »

Tax Law News and Stories

Audit Defence
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Washington accountant faces prison in 'ongoing crusade' against IRS
Seattle Post IntelligencerFebruary 1, 2012

Writing the court, Garrison's attorney suggested the long-running fraud was Garrison's reaction to the IRS refusing to answer his questions. In “frustration,” the attorney told the court, Garrison put down “obviously incorrect information” in an ...more »

Irs Filing & Compliance
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With Indictments, IRS Will Get More Data From Swiss
ForbesFebruary 4, 2012

For those still on the lam, most people seem to believe that the increasingly global reach of the IRS is not going to wither. If anything, it is getting stronger. FATCA's new set of disclosure rules puts a huge number of foreign institutions in the IRS...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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Effectiveness of tax amnesty
Hindu Business LineFebruary 5, 2012

The context of the paper is the US, where the Government has engaged in a number of well-publicised enforcement efforts in an attempt to collect back taxes owed on funds in these accounts and encourage future compliance with the federal income tax laws...more »

Property Taxes
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Thompson & Knight Names Emily Parker as Managing Partner
Sacramento BeeFebruary 1, 2012

From 2002 to 2004, Parker was Deputy Chief Counsel and later Acting Chief Counsel of the Internal Revenue Service, where she was ultimately responsible for all legal matters within the IRS and leadership of the agency's more than 1500 attorneys.more »

Corporate Income Taxes
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A 'Refundable' Tax Credit That Many Overlook
TIMEFebruary 1, 2012

By Dan Kadlec | @dankadlec | February 1, 2012 | + Americans will miss out on millions of refund dollars this tax season, as they do every year, simply because they fail to claim the Earned Income Tax Credit. This credit has been around since 1975, ...more »

Sales Tax & Use Tax
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Business Leaders Rip Chafee Tax Proposal
GoLocalProvFebruary 1, 2012

Increasing the meals and beverage tax from 1% to 3%. • Expanding the lodging tax to include rentals of vacation homes and bed and breakfasts. • Expanding the sales and use tax to include limos and taxi services, moving, storage, warehousing and freight ...more »

Estate Taxes & Gift Taxes
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Thompson & Knight Recognized in 2012 Tax Directors Handbook
Citybizlist (press release)February 1, 2012

Texas -- The law firm of Thompson & Knight LLP has been recognized as a leading tax law firm in the United States by the 2012 Tax Directors Handbook, a directory that analyzes the tax capabilities of law firms and includes statistics and thought ...more »

Tax Evasion Defence
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Redknapp's Words Prove Tax Evasion Guilt, Prosecutor Says
BusinessWeekFebruary 3, 2012

3 (Bloomberg) -- Tottenham manager Harry Redknapp's own words prove he's guilty of evading UK taxes, a prosecutor said in a closing arguments at a criminal trial in London. Redknapp, 64, is accused of working with his co-defendant, Sheffield Wednesday ...more »

International Taxation
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Tax Extenders Become Regular Fixtures of the Tax Code
Accounting TodayFebruary 3, 2012

In fact, the very fact that they are called “traditional tax extenders” raises questions about their temporary nature and makes it hard to argue that they are not fixtures of the Tax Code, according to Dr. Rosanne Altshuler, professor and chair of the ...more »

Tax Planning
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Japan Tobacco's Net Jumps 67% as Tax Bite Fades
Wall Street JournalFebruary 6, 2012

... profit outlook by 17% due to a steady recovery of its domestic tobacco business while the company said it will consider buying back some of its own shares that the government is planning to unload as part of quake-related reconstruction efforts.more »

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