Audit Defence. Legal news and articles for July 24 - 31, 2012

IRS Reminds Taxpayers To Take Steps To Prepare for Hurricanes, Other Disasters'A new day' for Marine Museum; members elect Lawrence as chairmanRomney Campaign Mum on Previous Tax Rates, AuditRomney Not Sure If He's Paid Less Than 13.9% in TaxesDewey LeBoeuf Clawback Deal Showcases Disgorgement Pains$2.1 million tax refund? It's bogus. Scammer gets prison.Vandersloot subject of IRS, Labor Dept. auditsInfluence Industry: IRS may consider tightening rules for nonprofits that ...Vandersloot subject of IRS, Labor Dept. auditsThe Business Finance Store Provides Options to Save Small Business Owners ...Krystle Marie Reyes Gets 5 1/2 Years For $2.1 Million Bogus Tax RefundThe IRS Is Aggressively Auditing "Global High-Wealth Individuals"—People Just ..."Canyon" Controversy - Blame The Advisers Not The IRSCould Romney Get Audited?Why Americans don't have offshore bank accounts

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Lawyers Say Health Care Law Will Spur Employees to Sue Over Technical Issues
Workforce ManagementJuly 9, 2012

At least four federal agencies (the IRS, the Department of Labor, the Department of Health and Human Services and even the Department of Housing and Urban Development) are writing hundreds of pages of regulations that will apply as health care reform ...more »

Rihanna sues, claims accountants cost her tens of millions
Entertainment Weekly (blog)July 6, 2012

Rihanna's lawyers also blamed the accounting firm for an ongoing IRS audit of her tax returns, saying she was forced to spend significant resources to correct errors resulting from negligence. Since firing the firm and its accountants in September 2010 ...more »

Audit Defence. News and Stories

IRS Reminds Taxpayers To Take Steps To Prepare for Hurricanes, Other Disasters
ForbesJuly 31, 2012

Even a relatively quiet season can result in damage, however, so the Internal Revenue Service (IRS) is reminding taxpayers to take steps to safeguard information and have a strategy for dealing with storm-related interruptions. What do they recommend?more »

'A new day' for Marine Museum; members elect Lawrence as chairman
Fall River Herald NewsJuly 31, 2012

The museum, established in 1968, also lost its federal nonprofit status, although Simister left his written correspondence with the IRS this month showing he and the accounting firm have been seeking reinstatement. Simister and his daughter-in-law ...more »

Romney Campaign Mum on Previous Tax Rates, Audit
ABC News (blog)July 30, 2012

As proof that he had paid all the taxes required by law, Romney said to Muir that he had been audited in the past. The Romney campaign did not respond Monday to questions about when, specifically, the audit took place. “The audit did not result in a ...more »

Romney Not Sure If He's Paid Less Than 13.9% in Taxes
ABC News (blog)July 29, 2012

“From time to time I've been audited as it happens, I think, to other citizens as well, and the accounting firm which prepares my taxes has done a very thorough and complete job pay taxes as legally due,” said Romney. “I don't pay more than ... Romney ...more »

Dewey LeBoeuf Clawback Deal Showcases Disgorgement Pains
ForbesJuly 28, 2012

Avoid IRS Audit Triggers · Robert W. Wood Contributor · What Dewey LeBoeuf Lawyers And Jamie Dimon Have In Common: ... For one thing, if payroll taxes have been paid, getting them back involves the IRS. A list of possibilities includes: Claiming a ...more »

$2.1 million tax refund? It's bogus. Scammer gets prison.
Christian Science MonitorJuly 26, 2012

Tax filing: Has IRS resolved its refund glitch? (+video) ... "She's remorseful and saddened by the impact on her family," the lawyer said. "She has no criminal history." The woman received the refund on a debit card and spent about $150000 before twice ...more »

Vandersloot subject of IRS, Labor Dept. audits
Idaho State JournalJuly 26, 2012

Sixty-one days after the Obama campaign posted the list of Romney donors, Vandersloot said he received a letter from the IRS, his first-ever audit from the agency. “It's all fine and well,” Vandersloot told The Associated Press ...Lawyers and judges ...more »

Influence Industry: IRS may consider tightening rules for nonprofits that ...
Washington PostJuly 25, 2012

Campaign watchdog groups see a glimmer of hope in a new letter from the Internal Revenue Service, which suggests that the agency might consider changes to the rules governing tax exemptions for politically active groups. Some tax experts, however, ...more »

Vandersloot subject of IRS, Labor Dept. audits
Idaho Press-TribuneJuly 25, 2012

The IRS audit will focus on the personal tax returns filed by Vandersloot and his wife for 2008 and 2009. Vandersloot says he has already turned over the notice to his accountant. The Labor Department audit will examine three temporary foreign workers ...more »

The Business Finance Store Provides Options to Save Small Business Owners ...
Melodika.net (press release)July 25, 2012

In addition, Rihanna's lawyers also blamed her former accounting firm for "an ongoing IRS audit of her tax returns, saying she was forced to spend significant resources to correct errors resulting from negligence." Small business owners can learn a ...more »

Krystle Marie Reyes Gets 5 1/2 Years For $2.1 Million Bogus Tax Refund
Huffington PostJuly 25, 2012

"She's remorseful and saddened by the impact on her family," the lawyer said. "She has no criminal history." The woman received the ... The state has recovered about $1.9 million of the money. An Oregon Department of Revenue spokesman said Tuesday that ...more »

The IRS Is Aggressively Auditing "Global High-Wealth Individuals"—People Just ...
AlterNetJuly 25, 2012

In 2009, IRS Commissioner Doug Shulman announced that the IRS had created a new task force to audit people he called "global high-wealth individuals." These new IRS targets, Shulman explained, have tens of millions of dollars in income and assets and ...more »

"Canyon" Controversy - Blame The Advisers Not The IRS
ForbesJuly 25, 2012

The lesson is that Scenario Planning, in the face of possible reactions by the IRS, is necessary to give owners of art and collectibles options. Scenario Planning is apt for planning for artwork and collectibles because it allows the owner, and their ...more »

Could Romney Get Audited?
AlterNetJuly 24, 2012

In 2009, IRS Commissioner Doug Shulman announced that the IRS had created a new task force to audit people he called "global high wealth individuals." These ... There aren't that many people in the "global high-wealth individual" group—only about 8000 ...more »

Why Americans don't have offshore bank accounts
Reuters Blogs (blog)July 24, 2012

The IRS also doesn't really need to be able to investigate all those bank accounts directly, most of the time: all they need to do is ask the account holder directly. If Adam Davidson were ever audited by the IRS, they would ask him for a list of all ...more »

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