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

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44 Convicted Criminal Aliens Arrested in CT and MA
abc40March 1, 2012

By Jessica Michalski - email HARTFORD, CT (WGGB) – The US Immigration and Customs Enforcement Department has arrested 44 convicted criminal aliens in Connecticut and Massachusetts. During a four-day targeted enforcement operation in both CT and MA that ...more »

InterRent REIT Results for the Fourth Quarter and 2011 Results
Daily Commercial NewsMarch 1, 2012

UN) ("InterRent" or the "REIT") today reported financial results for the fourth quarter and year ended December 31, 2011. With the repositioning of InterRent's existing portfolio well in hand and demonstrating strong and sustainable results, the REIT...more »

Tax Law News and Stories

Audit Defence
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Utility Watchdog Hounded by FBI, Whistleblowers
Voice of San DiegoMarch 1, 2012

The move comes a week after an FBI agent subpoenaed UCAN's internal records and nearly a year after two employees alleged that UCAN had embezzled money, awarded illegal bonuses, set up suspicious bank accounts and failed to properly audit its books.more »

Irs Filing & Compliance
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IRS Begins Issuing Test Results for Tax Preparers
ForbesMarch 13, 2012

Fortunately, for many tax preparers, the waiting game for the new return preparer competency test is coming to an end: the IRS has begun providing test results to those who have taken the test. Preparers who score at least 350 on the 120 question test ...more »

Business Audit Defence
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Brookstone Law PC: Official Audit Shows 80 Percent of Foreclosures Have ...
San Francisco Chronicle (press release)March 2, 2012

... Fla., Brookstone Law, PC is a law firm comprised of attorneys with experience and success in business, corporate and personal finance, employment, entertainment and media, art and museum, intellectual property and real estate law.more »

Personal Irs Disputes
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Scrutiny of Political Nonprofits Sets Off Claim of Harassment
New York TimesMarch 7, 2012

“The largest contributors should stand by the ads they've paid for, the voters should know who's behind these ads, and these super PACs should not be allowed to abuse our tax code by masquerading as nonprofit charities.” The pushback is likely to be ...more »

Property Taxes
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Cut in real estate tax sparks call for refunds
Santa Rosa Press DemocratMarch 5, 2012

She paid about $250000 for her house, and Cotati would have collected $750 on the property transfer tax rate the city had in place at the time, rather than $275 specified by state law and the amount that reflects Cotati's recently revised rate.more »

Corporate Income Taxes
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Thank Chris Christie for plan to cut our income taxes
Gloucester County Times - NJ.comMarch 5, 2012

Chris Christie for wanting to grant all taxpayers a lower state income tax bill in the future. I am glad to see state aid to 23 school districts is being cut back. If they do not improve, they should be cut back. The Democrats, of course, ...more »

Sales Tax & Use Tax
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Top 500 tax delinquencies include 23 in local area
Contra Costa TimesMarch 3, 2012

By Will Bigham, Staff Writer More than 20 local people and businesses were identified Friday in a list of the top 500 sales and use tax delinquencies released by the state Board of Equalization. The delinquencies each exceed $100000, and together total ...more »

Estate Taxes & Gift Taxes
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Facebook IPO highlights tax break for options
The Deal PipelineMarch 1, 2012

He said that under current law, options Facebook has provided to founder and CEO Mark Zuckerberg may be booked against earnings at 6 cents a share while at the same time valued at their expected $40 offering price for tax purposes.more »

Tax Evasion Defence
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Couple guilty of tax evasion
Regina Leader-PostMarch 2, 2012

REGINA -- A farm couple from the Alida district in southeast Saskatchewan, has been found guilty of tax evasion and faces sentencing this spring, the federal government's Canada Revenue Agency says. In a news release issued Thursday, ...more »

International Taxation
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Tax flavored malt beverages as liquor, court rules
msnbc.comMarch 2, 2012

"Now these out-of-state corporations will have to follow the law and pay their fair share like the rest of us," he said. But Nebraska lawmakers could begin debate as early as this week to redefine the beverages as beer for tax purposes. State Sen.more »

Tax Planning
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Tax planning? Good luck with that
MarketWatchMarch 2, 2012

It's almost impossible, thanks to profound uncertainty with regard to tax law. Still, there are some steps you can take. Some customers lured into new bank accounts by awards such as department-store gift cards and frequent-flier miles are getting an ...more »

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