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

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Televangelist Who Said God Would Destroy LGBT Community Charged With Fraud, Tax Evasion
NewNowNextMay 1, 2017

A televangelist who claimed the gay community would suffer God's punishment is suffering the wrath of the Internal Revenue Service: The Texas offices of Pastor Benny Hinn were raided by IRS investigators on Wednesday, though Hinn himself was not ...more »

Former Gov. McDonnell: 'I Wouldn't Take Any Gifts' If I Could Do It Over
NewsmaxMay 1, 2017

The former Virginia governor who accepted $177,000 from a local businessman in personal loans and expensive gifts in exchange for political favors said in a "60 Minutes" interview that aired Sunday that he would take it all back if he could. Bob ...more »

Tax Law News and Stories

Audit Defence
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Billionaire Robert Mercer did Trump a huge favor. Will he get a payback?
Idaho StatesmanMay 1, 2017

Renaissance said then that its tax calculations were “appropriate under current law” and that it had “cooperated fully” with the IRS inquiry. Robert Martin, a lawyer in the IRS's chief counsel's office who co-authored the agency's legal notices on the ...more »

Personal Irs Disputes
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IRS Implementation of ACA's Employer Shared Responsibility Provision Falls Short Based on Results of Recent Audit
The National Law ReviewMay 3, 2017

Based on a recent audit conducted by the Treasury Inspector General for Tax Administration (TIGTA), the IRS' processes and procedures to ensure compliance with the employer information reporting requirements mandated by the employer shared ...more »

Corporate Income Taxes
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Qatar cabinet approves draft law on income tax and VAT
The Peninsula QatarMay 3, 2017

Doha: The Cabinet in its meeting today approved a draft law on income tax and its draft executive regulation. The Cabinet also approved a draft law on Value-Added Tax (VAT) and its draft executive regulations. The Prime Minister H E Sheikh Abdullah bin ...more »

Property Taxes
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County eases rules on overdue property taxes
Oneonta Daily StarMay 4, 2017

COOPERSTOWN — Otsego County residents behind on their property taxes this year can work out an installment payment plan beginning June 1 after the county Board of Representatives voted unanimously to approve a new law on tax payments ...more »

Sales Tax & Use Tax
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Permanent complexity: Sales and use taxes today and tomorrow
Accounting TodayMay 2, 2017

According to Thomson Reuters' Davis, “Because of the already complex laws governing use tax, we do not foresee too many new regulations being added. However, like sales tax audits, states' opportunity to collect more tax revenue through indirect tax ...more »

Estate Taxes & Gift Taxes
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NY Democrats introduce law that would force Trump's tax returns to be released
TheBlaze.comMay 1, 2017

In an interview with CBS News that aired Sunday, Trump narrowly sidestepped the issue. “Right now, I'm under audit. After the audit is complete. It's a routine audit, but I have a very big tax return. You've seen the pictures. My tax return is probably ...more »

Tax Evasion Defence
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Critical Anti-Tax Evasion Legislation Under Attack | Tax Justice Blog
Tax Justice Blog (blog)May 2, 2017

The Foreign Account Tax Compliance Act – or FATCA – is a financial disclosure and transparency law designed to crack down on international tax evasion by ...more »

International Taxation
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Legislative Update: State Tax Laws for 2017
Lexology (registration)May 9, 2017

The amendment provides that a corporation shall be treated as a Subchapter S corporation for Arkansas income tax purposes if the corporation has elected Subchapter S treatment for federal income tax purposes for the same tax year. Similarly, a ...more »

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