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 »

Dedicated to Social Media, Part II: InterContinental Hotels Group.
4HoteliersMarch 1, 2012

... they share a common to dedication to social media and to keeping pace with the changing tastes and behavior of travelers. Like Sartori, Charles Yap's reputation precedes him. As Director of Global Brand Communications at IHG, he is a serial tweeter ...more »

Tax Law News and Stories

Audit Defence
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Ark. city's residents to consider tax to pay IRS
The Oshkosh NorthwesternMarch 11, 2012

BLYTHEVILLE, Ark. (WTW) — Blytheville officials will see if they were successful in their efforts to persuade local voters to approve a 1-cent sales tax proposal that will be used to retire a $3.8 million Internal Revenue Service debt.more »

Irs Filing & Compliance
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Steering through the Busy Tax Season Without Getting Pulled Over
Accounting TodayMarch 30, 2012

By Patricia Dampf When someone drives down the highway and spots a police car on the side of the road, a sense of paranoia overwhelms the individual even though no law has been broken. Tax practitioners should have that same feeling each time they ...more »

Business Audit Defence
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NJ Audit Finds State Health Plan Cheaper for Towns
Insurance JournalMarch 1, 2012

All four of the audited government entities also failed in some way to comply with state contracting law when procuring health insurance services, the audit found. For example, Haddon Township failed to seek quotes from competing vendors when awarding ...more »

Personal Irs Disputes
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IRS battling conservatives over tax-exempt status
The Seattle TimesMarch 1, 2012

Yet over the years, the IRS has periodically been accused of political vendettas by liberals and conservatives alike, usually without merit, tax experts say. The latest dispute comes early in an election year in which the IRS is under pressure to ...more »

Property Taxes
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Our View: Taxpayers deserve relief that tax cap fix would provide
Rockford Register StarMarch 2, 2012

A bill passed by the Illinois House fixes what some see as a loophole in the tax cap law. Senate Bill 2073, approved 74-39, prohibits taxing entities from increasing property taxes when overall property values decline. 50% Off Spa Manicure & Pedicure ...more »

Corporate Income Taxes
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Miss. seeks to close $30 million in tax loopholes
CBS NewsMarch 2, 2012

JACKSON, Miss. — Corporations could end up paying around $30 million more in income taxes under changes to the tax code approved Thursday by the Mississippi House Ways and Means Committee. But it's not a tax increase, said Rep. Jerry Turner, R-Baldwyn ...more »

Sales Tax & Use Tax
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TaxConnex to Present at ISPAmerica 2012 Tax Compliance VoIP Workshop
Houston ChronicleMarch 1, 2012

TaxConnex, America's leading independent provider of sales and use tax outsourcing services, invites Telecom and VoIP service providers to meet and hear TaxConnex's Founding Partner, Robert Dumas, CPA at the ISP America conference.more »

Estate Taxes & Gift Taxes
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Governor signs private school tax credit bill into law
Arizona RepublicMarch 1, 2012

Jan Brewer signed into law Wednesday a bill that doubles the amount individual taxpayers can take as a tax credit for contributions to private-school scholarship funds. The current maximum private-school scholarship tax credits are $503 for singles and ...more »

Tax Evasion Defence
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Grand jury indicts former Maine selectwoman for extortion, tax evasion ...
The RepublicMarch 1, 2012

She was also indicted on charges of making false statement to obtain worker's compensation benefits. In addition, Carole and Marshall Swan are charged with filing false federal income tax returns from 2007 through 2011.more »

International Taxation
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Law provides dollar-for-dollar tax credit
YourWestValley.comMarch 1, 2012

Jan Brewer signed legislation Wednesday to allow individuals to divert more money they would otherwise owe the state to instead help children attend private and parochial schools. The new law provides a dollar-for-dollar income tax credit of up to $500 ...more »

Tax Planning
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Chat@4: Smart tips to avoid tax-planning TRAPS
RediffMarch 2, 2012

If that has been your idea of tax planning, then you need to avoid some of the common traps that one would fall into. If you have questions on which are the best options available for you to save tax then do join us for a chat with our financial expert ...more »

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