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

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Court further confirms rights of mortgagees under Maltese law
International Law OfficeFebruary 1, 2012

Through the court-approved private sale, the law seeks to support the mortgagee and other creditors of a defaulting owner by ensuring the best price for the vessel (which is associated with a private sale and not a judicial sale by auction), ...more »

Not 'Desperate' for cash: Obama lists his big fundraisers
msnbc.comFebruary 1, 2012

One of the president's top bundlers, former New Jersey governor Jon Corzine, recently caused embarrassment for the campaign when his investment firm, MF Global, filed for bankruptcy, triggering an FBI investigation into whether its clients' money had ...more »

Tax Law News and Stories

Audit Defence
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CPA and Tax Resolution Team in Troy Hires SEO Leader to Attract More Michigan ...
openPR (press release)February 11, 2012

Franskoviak & Company PC, a CPA and tax attorney firm in Troy, Michigan, is proud to announce its recently launched SEO marketing plan constructed by Prospect Genius, a leader in local online advertising. With the launch of this new promotional program ...more »

Irs Filing & Compliance
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U.S., Europeans agree on ways to find tax cheats
MarketWatchFebruary 8, 2012

Treasury and the IRS also issued regulations implementing the Foreign Account Tax Compliance Act, which seeks to target US taxpayers who avoid taxes using foreign accounts. "When taxpayers overseas avoid paying what they owe, other Americans have to ...more »

Business Audit Defence
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Shepherdsville finances still unclear
Louisville Courier-JournalFebruary 1, 2012

State law requires an annual city audit to be completed by Feb. 1 and presented to the legislative body 10 days afterward. The Department for Local Government sent a delinquency notice on May 1 and began withholding road money on May 31.more »

Personal Irs Disputes
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Ex-South Florida politician to plead guilty to tax charges in federal ...
MiamiHerald.comFebruary 7, 2012

The reason: So that Dawson, a Democrat, would not oppose legislation supporting the medical profession. In July, a Miami federal grand jury charged Dawson with failing to pay income taxes of $11889 on $92324 in income for 2004 and $12966 on $102896 in ...more »

Property Taxes
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Questions mount over Maine treasurer's property-tax breaks
Lewiston Sun JournalFebruary 3, 2012

By Steve Mistler, Staff Writer AUGUSTA — Questions lingered Thursday over whether State Treasurer Bruce Poliquin improperly used a longstanding conservation law to obtain property-tax breaks. Such inquiries could soon come from the Georgetown Board of ...more »

Corporate Income Taxes
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The Credit We Love to Hate: The Earned Income Tax Credit (EITC)
ForbesFebruary 2, 2012

So maybe it wasn't so much of a surprise to anyone that I managed to miss Earned Income Tax Credit Awareness Day at IRS. Yes, there is one. And yes, it was last week (January 27, to be exact). And no, I don't want to think about how much money IRS...more »

Sales Tax & Use Tax
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Sales tax revenues jump for Gainesville, Hall
Gainesville TimesFebruary 6, 2012

Both Hall County and the city of Gainesville welcomed reports of their Local Option Sales Tax revenues for December, which had the strongest showing since December 2008. LOST is a one-cent sales tax that local governments can use toward general fund ...more »

Estate Taxes & Gift Taxes
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Tax Trivia Giveaway #3: High Income Taxpayers
ForbesFebruary 1, 2012

While at law school, I interned at the estates attorney division of the IRS. At IRS, I participated in the review and audit of federal estate tax returns. I even took the lead on a successful audit. At audit, opposing counsel read my report, ...more »

Tax Evasion Defence
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Marcus McKinley ordered to pay back £770k after multimillion tax fraud
News ShopperFebruary 2, 2012

By David Mills » A PENSIONER currently serving a prison sentence for his part in a £6m tax evasion has been told he must pay back £770000 of his criminal proceeds. Marcus McKinley, aged 67, formerly of Partridge Drive, Orpington, was jailed for four ...more »

International Taxation
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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 »

Tax Planning
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Taxes Are Forever (but tax laws may well be changing)
BankInvestmentConsultant.comFebruary 1, 2012

In addition, a 3.8% surtax on investment income in excess of $200000 will take effect in 2013. For clients with substantial investment income, the effects will feel Draconian. Worst-case scenario: The marginal tax rate on qualified dividends-those paid ...more »

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Intellectual Property: The Law of Trademarks, Copyrights, Patents, and Trade SecretsIntellectual Property: The Law of Trademarks, Copyrights, Patents, and Trade Secrets
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Frank L GallucciAttorney at LawPRACTICE AREA: Personal Injury, Professional Malpractice, Labor & Employment Law, Workers Compensation
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