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

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He legally hacks criminal minds
Times of IndiaFebruary 1, 2012

The cyber law in India is good, but police need to be trained adequately for these laws to be implemented. I've introduced a course at the National Police Academy in Hyderabad, and am getting top cops acquainted with cyber crime.more »

Supreme Court order a signal to stop misuse of sanction power
Daily MailFebruary 1, 2012

By Mail Today Reporter There seems no end to the embarrassment that the United Progressive Alliance government has had to face on account of the 2G spectrum scam. The Supreme Court's order of Tuesday stating that Janata Party leader Subramanian Swamy ...more »

Tax Law News and Stories

Audit Defence
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Horse show attorney files IRS complaint
New Jersey HeraldFebruary 5, 2012

Muir did not give details of his complaint to the IRS but said that in general the complaint contains allegations of financial irregularities uncovered by an audit, that fair President Alan Henderson circumvented the executive board to buy a new stage ...more »

Irs Filing & Compliance
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IRS Refund Delay and Real-Time Tax System
Accounting TodayFebruary 1, 2012

However, a number of taxpayers who filed early were dismayed to see the estimated time of arrival in the Where's My Refund tool on the site shift back a week or even two weeks, or they encountered error messages when they tried to access the ...more »

Business Audit Defence
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Equity Committee Nominates Four Board Members for Reorganized Washington ...
MarketWatch (press release)February 3, 2012

Prior to that, Mr. Graham was a principal in an investment fund focused on distressed and turnaround investments, as well as a partner in a New York based national law firm specializing primarily on international corporate transactions, reorganizations ...more »

Personal Irs Disputes
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Thompson & Knight Names Emily Parker as Managing Partner
MarketWatch (press release)February 1, 2012

In response to the Tax Court's decision in that case and because of concerns about the potential loss of revenue resulting from the ruling, the US Congress amended the underlying law. "I'm honored to serve the clients and attorneys of Thompson & Knight ...more »

Property Taxes
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Tardy tax payments become an issue before primary
Kane County ChronicleFebruary 2, 2012

“I don't know which was more painful on June 1, 2005, passing a kidney stone or paying those property taxes.” Lauzen had introduced a law, Senate Bill 3944, to make anyone behind in paying tax or other debt to the county ineligible to serve on any ...more »

Corporate Income Taxes
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Republicans Target Tax Credits for Undocumented Immigrants
Fox NewsFebruary 9, 2012

Republicans are looking to deny illegal immigrants the child tax credit, and refund checks as one way to help pay for extending the Social Security tax cut another 10 months. (AP Photo/Alex Brandon, File) Print Email Share Comments Recommend Tweet Some ...more »

Sales Tax & Use Tax
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Even unused tax breaks tough for legislators to plug
The Seattle TimesFebruary 5, 2012

The Legislature has enacted 640 tax exemptions over the years. Many of them are protected under state law, such as limits on the growth of property taxes, or are required by the state constitution. However, a state Department of Revenue analysis found ...more »

Estate Taxes & Gift Taxes
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Sarkozy financial transaction tax an act of folly
Sydney Morning HeraldFebruary 2, 2012

NICOLAS Sarkozy's plan to impose a financial transaction tax on French banks is a disastrous move. It's little more than populist posturing. If the President wants to present himself as a modern-day Robin Hood then he will fail.more »

Tax Evasion Defence
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Redknapp tax evasion charges 'illogical'
Financial TimesFebruary 6, 2012

By Jane Croft The prosecution case against Harry Redknapp for alleged tax evasion “does not make sense” and is “illogical”, a jury was told on Monday. John Kelsey-Fry QC, counsel for the Tottenham Hotspur manager, was presenting his closing arguments ...more »

International Taxation
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US Senate Debates the Value of Tax Extenders
Business Finance MagazineFebruary 3, 2012

by Karen M. Kroll Tax extenders -- the term given to provisions in the tax code that, if not renewed every year or two, will expire -- were the subject of a recent hearing of the US Senate Finance Committee. More than 130 extenders, from the R&D credit ...more »

Tax Planning
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Sunday Dialogue: Time for Tax Reform?
New York TimesFebruary 4, 2012

One step would be to return to the Reagan days and once again tax capital gains and ordinary income at the same rate. STEVEN M. ROSENTHAL Washington, Jan. 31, 2012 The writer, a tax lawyer, is a visiting fellow at the Tax Policy Center of the Urban ...more »


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