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

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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 »

Free Rides For Some Government Workers Costing CTA Millions
CBS LocalFebruary 1, 2012

Today, the list of government workers who get free rides on the CTA is long and costly for the transit agency. CBS 2's Dorothy Tucker reports how thousands of Chicagoans are riding buses and trains for free, costing the CTA $18 million a year.more »

Tax Law News and Stories

Audit Defence
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Rocket Lawyer Survey Reveals Top Issues for Small Businesses Are Legal and ...
MarketWatch (press release)February 1, 2012

As SMBs enter into new business contracts, hire new employees, and upgrade to new office spaces, entrepreneurs face a wider range of legal issues, like signing contracts, staying compliant with HR laws, and signing commercial leases.more »

Irs Filing & Compliance
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National crackdown on identity theft
Salt Lake TribuneFebruary 1, 2012

“The Justice Department is working closely with the IRS to investigate, prosecute and punish tax refund crimes committed through the theft of identities,” said Principal Deputy Assistant Attorney General John A. DiCicco of the Tax Division.more »

Business Audit Defence
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Bartlett wants forensic audit of alleged election irrgularities
Jamaica ObserverFebruary 2, 2012

Stewart, who is also alarmed over what he felt were blatant irregularities in polling division 50, has advised his team of attorneys-at-law, including Clayton Morgan, to take the matter to the Supreme Court for a solution. However, Morgan says he is ...more »

Personal Irs Disputes
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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 »

Property Taxes
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Legislator wants St. Louis County tax bills to be mailed earlier
STLtoday.comFebruary 3, 2012

On Thursday, Leung said Lembke's proposal would be difficult to fulfill because of a change in state law that took effect in 2009 requiring the county to give taxpayers each spring an estimate of the property tax bill they receive in the fall.more »

Corporate Income Taxes
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UP Assembly Election 2012: Income-Tax raids on Mayawati's close aide Ponty Chadha
Economic TimesFebruary 2, 2012

NEW DELHI/LUCKNOW: The Income-Tax Department on Wednesday raided the residence and offices of Uttar Pradesh liquor baron Gurpreet Singh Chadha, popularly known as Ponty Chadha, who is believed to be close to UP chief minister Mayawati.more »

Sales Tax & Use Tax
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Ipsen's fourth quarter and full year 2011 sales and other significant developments
MarketWatch (press release)February 2, 2012

Commenting on the full year 2011 sales performance, Marc de Garidel, Chairman and Chief Executive Officer of Ipsen said: "With drug sales up 5.7%(3) in 2011, Ipsen has delivered a very strong sales performance, driven by the sustained growth of ...more »

Estate Taxes & Gift Taxes
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Group questions Poliquin tax breaks in conservation law
Lewiston Sun JournalFebruary 2, 2012

The report said the shoreland zoning rules had no bearing on the property's eligibility for tree growth. Although Poliquin's property was identified in the report, tax records show the parcel is still in tree growth. The study notes that the town of ...more »

Tax Evasion Defence
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IT notice to diesel don over tax evasion notice to Ali for over 8cr IT dues
Times of IndiaFebruary 1, 2012

The income tax department has issued a notice to him for evading tax to the tune of Rs 8.36 crore. The IT investigating cell has issued a notice to Mohammed Ali's firm, Aqdas Maritime Agency, has been slapped with a notice by the IT investigating cell ...more »

International Taxation
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Indiana University law, business students providing free tax assistance to low ...
The RepublicFebruary 1, 2012

AP BLOOMINGTON, Ind. — Indiana University law and business school students are providing free tax assistance to low-income, elderly and disabled residents. The students are participating in the Internal Revenue Service's Volunteer Income Tax ...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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