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

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China vs. North Korea's Refugees
Wall Street JournalMarch 1, 2012

Beijing forcibly repatriates these unfortunates without giving them a chance to apply for asylum. North Koreans who are suspected of having met Christians, South Koreans or Americans while in China are executed or shipped off to the gulag.more »

How to handle the latest risk management topics
Smart Business NetworkMarch 1, 2012

Eleven of Aon's thought leaders will participate in panel discussions about acute and emerging risk management issues, including mergers and acquisitions and cyber liability. Professionals from across the globe will come to the conference and meet with ...more »

Tax Law News and Stories

Audit Defence
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Corruption! Fox sentenced to 4 years in Federal Penitentiary
Examiner.comMarch 13, 2012

Predicated on a plea agreement four counts of mail fraud against Fox were dropped in exchange for four years in prison and paid restitution to the IRS in an amount that is yet to be determined. According to WCPO Channel 9 News, the 62 year old Fox sent ...more »

Irs Filing & Compliance
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Tax Preparers Threatened over Tax Refund Delays
Accounting TodayMarch 9, 2012

At one point, when the Where's My Refund tool was malfunctioning, the IRS asked taxpayers not to keep calling (see IRS Experiences Further Tax Refund Delay Problems). But that put more pressure on tax preparers to answer the question for clients, ...more »

Business Audit Defence
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Audit calls Norwich alternative high school a mess
TheDay.comMarch 2, 2012

One speaker called him a "victim" of the federal No Child Left Behind law that set unrealistic standards for the school. Another said Derr is the "scapegoat" while five other Norwich schools fail to meet yearly progress based on standardized tests.more »

Personal Irs Disputes
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IRS battling conservatives over tax-exempt status
Boston.comMarch 1, 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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Senate needs to pass zero-cap law
Joliet Herald NewsMarch 1, 2012

If the taxing mechanisms in Illinois were consistent and fair, the property tax zero-cap bill the House passed last week would not be necessary. But government officials viewed basing the biggest chunk of public spending on the local property tax as a ...more »

Corporate Income Taxes
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Northern Valley residents have mixed opinions on income tax cut
NorthJersey.comMarch 1, 2012

BY AMANDA BASKIND Northern Valley residents interviewed have mixed reactions to Governor Christie's plan to cut income taxes by 10 percent for New Jersey residents. Governor Christie outlines the FY2013 state budget on Feb.more »

Sales Tax & Use Tax
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Locals top sales and use tax delinquencies listing
Inland Valley Daily BulletinMarch 3, 2012

By Will Bigham, Staff Writer The following 23 local people and businesses are among the top 500 sales and use tax delinquencies in the state. The Board of Equalization released an updated list Friday. Michael Allen Wyatt of La Verne, DBA Doug's Auto, ...more »

Estate Taxes & Gift Taxes
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New law clarifies NM uranium enrichment tax break
Alamogordo Daily NewsMarch 2, 2012

Susana Martinez has signed legislation to clarify a tax break New Mexico provides for a uranium enrichment plant in southeastern New Mexico. The change in law will ensure that the plant's utility customers won't be taxed if they sell a uranium compound ...more »

Tax Evasion Defence
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EU draft conclusions, fight tax evasion for growth
Agenzia Giornalistica ItaliaMarch 2, 2012

(AGI) Brussels - EU leaders said the fight against tax evasion could contribute to the consolidation of public finances and growth. The draft conclusions of the EU Summit in Brussels state: 'The Council and the Commission are invited to rapidly develop ...more »

International Taxation
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Streamlined Sales Tax Bill Stalls Again
Twin Falls Times-NewsMarch 1, 2012

But the state lacks a way to collect the taxes other than trusting people will pay up on their annual tax forms. What's the solution? Sponsors of a bill to update the tax code say joining a multi-state coalition will streamline the process of gathering ...more »

Tax Planning
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The how-to guide to tax planning
Dynamic Business (blog)March 1, 2012

March is upon us again, and this means just one thing – tax season is near! Here's what you should be doing now to prepare your business for the end of the financial year. I always tell my clients that tax planning starts at the beginning of the new ...more »


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