Accounting News Roundup: Everyone Hates Barnier's Audit Reform Ideas; GOP ...
Going ConcernNovember 30, 2011
An IRS worker first spotted a single bedbug at the Seattle office in October. An exterminator trapped a second bug, and that was enough for IRS officials to send in the hounds. Reversing a position it had maintained for 36 years, the Internal Revenue ...more »
: Former Massachusetts Scientist and Businessman Sentenced to Prison for ...
Middle East North Africa Financial NetworkNovember 30, 2011
The case was investigated by IRS-CI and the DOT-OIG. The Defense Contract Audit Agency also assisted with the investigation. The case is being prosecuted by Assistant US Attorney Steven H. Breslow for the District of Massachusetts and Trial Attorney ...more »
Wine & Bull
Willamette WeekNovember 30, 2011
Certainly, the $41000 in dispute is big money for most people. IRS data for 2008, published this summer, show that two-thirds of Oregon tax filers claimed gross incomes of $50000 or less. But the contested sum is peanuts for the Pamplins, amounting to ...more »
Seafood distributor accused of bribing IRS agent
NOLA.comNovember 29, 2011
Vinh Q. Tran, of Cutoff, is accused of paying about $6000 in cash and providing "other things of value" to the agent over the past four years to influence the agent's audit of his seafood distributing business, according to the bill of information. ...more »
FBI: Spanaway 'sovereign citizen' planned to track down justice's children
Seattle Post IntelligencerNovember 29, 2011
Armed with their belief, adherents flout traffic and tax laws, file nonsensical claims with the IRS, and sometimes threaten harm to government workers who've gotten in their way. Leaming, the FBI agent said, is associated with at least three men ...more »
Tax notices needn't ruin your holidays
OCRegisterNovember 28, 2011
Here is the link: irs.gov/individuals/article/0,,id=243822,00.html. This program has a lot of paperwork to complete, but it may be a good option if you can't pay your full tax liability, or if doing so creates a financial hardship. For tax audit...more »
Legal & Public Notices 11/20/11- Substitute Trustee's Sales
Murfreesboro PostNovember 28, 2011
The sale will be conducted subject (1) to confirmation that the sale is not prohibited under the US Bankruptcy Code and (2) to final confirmation and audit of the status of the loan with the holder of the Deed of Trust. The notice requirements of TCA ...more »
The Alchemy of Our Awesomely Affluent
truthoutNovember 28, 2011
The IRS is still playing catch-up. An IRS crackdown of sorts did start in 2008. But the super rich haven't flinched much. One reason: The odds of getting audited remain low. Another: Even if wealthy taxpayers do get challenged on prepaid forwards, ...more »
Billionaires avoid reporting cash gains to IRS
Fort Wayne Journal GazetteNovember 27, 2011
“The problem is not that people like Warren Buffett pay tax at a 17 percent rate, it's that they can use complex transactions not available to most Americans to get cash from their appreciated stock without paying any taxes at all,” Miller said. ...more »
Chestertown Fire: Don't Ask & We Won't Tell
North Country GazetteNovember 26, 2011
Every charitable organization, and any charitable organization registered or required to be registered pursuant to article eight of the estates, powers and trusts law, except as otherwise provided in section 172a of Executive Law which intends to ...more »
The dirty dozen: 12 documents every attorney should review before serving on ...
Jacksonville Daily RecordNovember 25, 2011
Under 607.0850, an organization has the power to indemnify any person who was a director against liability incurred in connection with any proceeding, provided the person acted in good faith and in a manner he or she reasonably believed to be in the ...more »
Important Points for a Taxpayer in an IRS Audit
ForbesNovember 25, 2011
1930). The point of an audit is not exactitude but assuring substantial compliance with the law. Congress has overridden the Cohan Rule in the case of travel and entertainment expenses. Internal Revenue Code Section 274(d) disallows deduction of travel ...more »
Families of disabled must be alert to avoid theft
The TennesseanNovember 25, 2011
According to a state audit obtained by The Tennessean, $101054.92 was stolen from Life Action patients in Nashville and Greeneville. The audit was performed by the Tennessee Department of Intellectual and Developmental Disabilities, which contracted ...more »
Madoff's lawyer does an IRS deal; let's see who gets the dough
GenevaLunchNovember 24, 2011
Why is my first reaction skepticism, I wonder, when I see the headline that Irving Picard has done a deal with the IRS and is expected to get back $326 million for Bernard Madoff's former clients? Picard is the lawyer assigned to get back some of the ...more »
County treasurer requests extra worker
Sealy NewsNovember 24, 2011
The auditor's office has been operating without one assistant auditor since one was fired for not filing payroll taxes with the IRS in 2010. The auditor's office is under the jurisdiction of District Judge Jeff Steinhauser, though the funding comes ...more »
