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

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US judge allows DEA to suspend Cardinal license
ReutersMarch 1, 2012

An administrative hearing of Cardinal's Lakeland license is scheduled to begin at the DEA on April 3. That process could take as long as a year to play out as both sides present their cases. The DEA judge will then make a recommendation to the DEA's ...more »

Dear 16-Year-Old Me, Don't Go To Law School
Above the LawMarch 1, 2012

Last night we put up a video about law student debt, in which Professor William Birdthistle crunched some numbers regarding whether it's financially wise to go to law school. If you haven't already done so, check it out here.more »

Tax Law News and Stories

Audit Defence
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Mo. Auditor Schweich sets up committee to consider challenging US Sen. McCaskill
The RepublicMarch 7, 2012

Missouri Auditor Tom Schweich has set up a political committee to test the waters for a US Senate campaign, finally publicly confirming his interest in a race he once pledged not to enter. The IRS has approved the creation of a "Schweich for US Senate" ...more »

Irs Filing & Compliance
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Obama's IRS targets Tea Party
Human EventsMarch 2, 2012

Who in these groups is really ready to stand up to an IRS audit as the price of speaking out in opposition to ObamaCare? Even if the audit finds nothing amiss, the cost of defending against it could bankrupt an individual or small business. Compliance...more »

Business Audit Defence
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COMPTROLLER DINAPOLI RELEASES MUNICIPAL AUDITS MARCH 12, 2012
FireEngineering.comMarch 13, 2012

Town officials did not seek competition for the 19 purchases made during our audit period, totaling $91113, for which the towns purchasing policy required quotes or proposals. In addition, although not required by law or town policy, the town did not ...more »

Personal Irs Disputes
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IRS battling conservatives over tax-exempt status
Coshocton TribuneMarch 2, 2012

Most organizations are applying under section 501 (c) (4) of the federal tax code, which grants tax-exempt status to certain groups as long as they are not primarily involved in activity that could influence an election, a determination that is up to ...more »

Property Taxes
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Province proposes program to allow seniors to defer property taxes
Edmonton JournalMarch 6, 2012

Alberta seniors who own their homes could defer their property taxes if the government passes a proposed law. Under the Seniors Property Tax Deferral Act, tabled Monday, the province would pay the property taxes on a senior's home until it is sold, ...more »

Corporate Income Taxes
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Economists critique Petroleum Income Tax Law
Myjoyonline.comMarch 2, 2012

... a tax policy advisor at the Ministry of Finance & Economic Planning, have noted that the absence of thin capitalization provisions in Ghana's Petroleum Income Tax Law (PITL) is a potential setback to government's ability to capture rent.more »

Sales Tax & Use Tax
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Study touts success of Florida boat tax cap
Trade Only TodayMarch 1, 2012

Florida took in nearly 10 times as much sales tax revenue on sales of tax-capped boats as the state projected in the first year of implementation of the Maritime Full Employment Act, which was signed in 2010. The new law puts an $18000 sales-and-use...more »

Estate Taxes & Gift Taxes
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Kenner council meets tonight, to consider property tax liens for code scofflaws
NOLA.comMarch 1, 2012

By Mary Sparacello, The Times-Picayune People who own property in Kenner and refuse to pay their fines to the city could face a higher property tax bill, under legislation scheduled to be considered tonight by the Kenner City Council.more »

Tax Evasion Defence
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Tax evasion: A guesstimate
Financial Express BangladeshMarch 6, 2012

The TJN report said the incidence of tax evasion is the highest in the world's wealthiest nation, the United States. The situation, according to the report, is far better in the case of Bangladesh which is placed at 65th position out of 145 countries, ...more »

International Taxation
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IRS battling conservatives over tax-exempt status
Coshocton TribuneMarch 2, 2012

Most organizations are applying under section 501 (c) (4) of the federal tax code, which grants tax-exempt status to certain groups as long as they are not primarily involved in activity that could influence an election, a determination that is up to ...more »

Tax Planning
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Tax avoidance or tax planning?
Aol MoneyMarch 14, 2012

So we asked the Inland Revenue for clear guidelines on the difference between tax planning and tax avoidance. The Revenue claims they never talk in terms of tax avoidance, but offered some clear principles of their own to follow from their ...more »

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