Tax Law News. Crime Stories, Law on News and Legal Publications in February, 2017

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Metra Faces Lawsuit Of Racial Discrimination Against Employees
CBS LocalFebruary 1, 2017

“It was excessively punitive,” said Jill Willis, Lee's attorney, on behalf of the men along with eight other African American Metra police officers, she has filed this federal lawsuit, accusing Metra of racial discrimination. “It appears to be a ...more »

SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have ...
Yahoo FinanceFebruary 1, 2017

31, 2017 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of ...more »

Tax Law News and Stories

Audit Defence
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Jury deliberating in Ben Allen trial
Jackson Clarion LedgerFebruary 7, 2017

Allen has insisted on his innocence, and much of the trial evidence has aided his defense, including the testimony of prosecution witness Derrick Garner of the state auditor's office, who investigated the Partners and said he found no proof Allen ...more »

Irs Filing & Compliance
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A Creative Way to Fund Your Entrepreneurial Passion: Your 401(k)
Kiplinger Personal FinanceFebruary 13, 2017

... IRS feel about it? Let's start with the IRS. They looked into this in 2010 and their Employee Plans Compliance Unit concluded this was not abusive in avoiding taxes, but certainly only would benefit one person – the 401(k) owner. ... Other IRS ...more »

Business Audit Defence
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Audit criticizes US Bank Stadium authority for giving family, friends special suite access PressFebruary 7, 2017

The audit found that the Sports Facilities Authority didn't break any law through its use of the free tickets, but recommended that legislators change the law to limit its use of complimentary tickets. It did find the Authority didn't follow a law ...more »

Personal Irs Disputes
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'Breaking Bad': IRS attorney busted on methamphetamine distribution charge
CNBCFebruary 1, 2017

The Office of Professional Responsibility's mission is to ensure that tax practitioners, preparers and others in the tax system "adhere to professional standards and follow the law," according to the IRS's website. Vitayanon's LinkedIn page, which says ...more »

Property Taxes
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Quakertown school director eyes more work to cut 2017-18 budget
The IntelligencerFebruary 2, 2017

As part of next year's budget plan, the school board unanimously agreed to a "Budget Opt Out Resolution," meaning any potential tax increase will stay within the limits of Act 1, the state's property tax law. While that percentage is 2.5 percent for ...more »

Corporate Income Taxes
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For Tax Raids, Reason Need Not Be Revealed After Retrospective Change To Law
NDTVFebruary 6, 2017

Another change is that the income tax authority, based on "reason to believe", can authorise another authority to "requisition from some other officer or authority to deliver books of account, documents or assets of the assessee to the income tax ...more »

Sales Tax & Use Tax
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What is the Wyoming use tax?
Cody EnterpriseFebruary 2, 2017

... on equal footing for tax payments. The use tax state applies equally to business and private consumer purchases. If a business orders supplies from an out-of-state vendor and those supplies are delivered to Wyoming, that transaction is subject to a ...more »

Estate Taxes & Gift Taxes
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Rex Smith: Free speech, pulpit speech and tax laws - TU Editors' Blog
Albany Times Union (blog)February 5, 2017

Each school day when I was a little boy began with the Pledge of Allegiance, followed by all the students bowing their heads to recite the Lord's Prayer.more »

Tax Evasion Defence
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Econet dogged by US$300 million tax evasion & externalisation allegations, dismisses case as false
Technology ZimbabweFebruary 5, 2017

Econet Wireless Zimbabwe – the country's largest mobile network operator, and some ZIMRA bosses are alleged to have connived in the evasion of taxes and externalising of cash between 2009 and 2013. An article published in the Sunday Mail highlights ...more »

International Taxation
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Should Colorado women pay “tampon taxes”? One state lawmaker says no.
The Denver PostFebruary 13, 2017

Exempting tampons would cut state sales tax collections by $2.4 million annually, according to the Colorado Legislative Council, but because of a quirk on Colorado tax law, the state actually wouldn't see a drop in revenue under today's financial ...more »

Tax Planning
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What will the estate tax look like under Trump?
InvestmentNewsFebruary 5, 2017

While it's clear that President Donald J. Trump wants to scrap the estate tax, it's not clear what financial advisers should be telling their clients as details about the law's demise get sorted out. Mr. Trump has suggested he wants to eliminate the ...more »


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