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

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•4 killed as sect bombs Maiduguri •Nobody died —JTF •NYSC stops posting of ...
Nigerian TribuneMarch 1, 2012

OPERATIVES of the dreaded Islamic militant sect, Boko Haram are said to have started combing fertiliser markets in search of materials to be used for bombs following the decision of security agencies to tighten rules on use of dynamites and explosives.more »

Cuts in legal aid would harm those already financially strapped
The Seattle TimesMarch 1, 2012

Volunteer lawyers mediate family law cases, provide courthouse-based help for unrepresented litigants, ensure the best interests of disabled wards are met in guardianship matters, and provide free legal support for court-appointed special advocates who ...more »

Tax Law News and Stories

Audit Defence
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Follow Three Simple Tax Rules
ForbesMarch 2, 2012

Taxes are complicated, but some rules are simple. Respect these three rules, and you'll reduce the chance of coming to grief with the IRS. 1. Keep Business and Personal Affairs Separate. You'll be better off if you can separate your tax life into ...more »

Irs Filing & Compliance
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Texas Press Association State Capital Highlights: Court order sets date for ...
Blanco County NewsMarch 9, 2012

In a long list of requirements in Garcia's court order is the reopening of the filing period for candidates. Filing was set to begin March 2 and end at 6 pm on March 9. Furthermore, the order waived the state law requiring that a runoff election be ...more »

Business Audit Defence
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Audit shows financial troubles worsening for St. Landry Parish school system
The RepublicMarch 3, 2012

The school system has not performed internal audits of school activity funds to ensure they're adhering to school board policies and state law. The board said the central office has begun receiving monthly email backups of each school's accounting ...more »

Personal Irs Disputes
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Feds challenge Sen. Hart's immunity claim
The Spokesman ReviewMarch 9, 2012

Phil Hart's arguments that his status as a state legislator should bar IRS claims against him for back taxes. Federal authorities are seeking to foreclose on Hart's Athol, Idaho, log home for $550000 in back federal income taxes, penalties and interest ...more »

Property Taxes
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New Year + New Tax Reforms = New Investors to the Monaco Property Market (press release)March 1, 2012

"It is also possible to own a property in Monaco through offshore companies and trusts without being penalised and providing a secure and discrete investment, which is good for clients wishing to protect their assets. Holding a Monegasque property ...more »

Corporate Income Taxes
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Granville income tax increase might be one-time deal
The Newark AdvocateMarch 1, 2012

Village Finance Director Carie Kraner considers the village's gangbusters income tax receipts in 2011 a "pleasant surprise." Don't count on it in future years, she warns. Receipts from the village's 1.5 percent income tax rose 10.9 percent in 2011 to ...more »

Sales Tax & Use Tax
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Hitting the Books: Court Grants Nexus in Tennessee MagazineMarch 1, 2012

In the case at hand, the Tennessee appeals court ruled on January 27 that the Scholastic Book Clubs's use of schools and teachers to foster book sales and deliveries in the state established an adequate physical presence in the state for Tennessee to ...more »

Estate Taxes & Gift Taxes
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TAX TIPS: Mortgage Debt Forgiveness; 10 Key Points
Lahontan Valley NewsMarch 2, 2012

One of those exceptions is available to homeowners whose mortgage debt is partly or entirely forgiven during tax years 2007 through 2012. Normally, debt forgiveness results in taxable income. However, under the Mortgage Forgiveness Debt Relief Act of ...more »

Tax Evasion Defence
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Ex-Mo. plant manager convicted of tax evasion
Boston.comMarch 1, 2012

LOUIS—A former manager at a now-closed Ford Motor Co. plant in eastern Missouri has been convicted of evading taxes on more than $2 million in kickbacks. The US Attorney's office says 55-year-old John Perry, formerly of Lake St. Louis and now of ...more »

International Taxation
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Group backs reform of sin tax law
Philippine StarMarch 1, 2012

MANILA, Philippines – A public advocacy and economic development organization here supported the position of President Benigno Aquino III to reform the country's sin tax law. This as the Aquino administration aimed to hike the revenue collections ...more »

Tax Planning
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Help clients save with tax tips
Advisor.caMarch 9, 2012

Many Canadians tend to think of filing income taxes as a last-minute “must-do” task, but little pre-deadline planning can help alleviate tax season stress and also help your clients save some money. “Tax planning shouldn't be left until the annual tax ...more »


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