Personal Irs Disputes. Legal news and articles for December 28 - 31, 2011

As Puerto Rican tax credit ended, profits went abroadJudge grants bail to jailed W. Pa. councilmanTax scams that can get you into big trouble with the IRSCounty likely to sell land to hospitalHow to Build Your Financial Dream TeamNew Jersey HeraldJudge grants bail to jailed W. Pa. councilmanIRS Summons? Meet John Doe2012 tax tips for small businessesFive Important Tax Tips to Get Ready for 2012Erie Co. councilman trying to get out of jailLibrary marks 'Mob Month'New US tactic for suspected Swiss bank tax cheatsNRA Raises $200 Million as Gun Lobby Toasters Burn Logo on BreadAlly Financial, Comcast, Madoff, Actavis, Deutsche Bahn in Court NewsNew US tactic for suspected Swiss bank tax cheats

Top Picks in News

Gingrich ethics case still leaves scars, Democrats certain to use it against ...
Washington PostDecember 25, 2011

In 1999, the IRS said they were not. In settling the case, Gingrich acknowledged he gave false information to the ethics committee in denying that a Republican political action committee he led — GOPAC — was connected to a college course he taught ...more »

Shinnecock medicine man wants IRS to sweat
New York Daily NewsDecember 23, 2011

IRS spokeswoman Diane Besunder declined to comment. Smith's lawyer Scott Moore did not return multiple calls. A Long Island federal judge in 2008 tossed out another suit filed by Smith in which he claimed that his income on the reservation was ...more »

Personal Irs Disputes. News and Stories

As Puerto Rican tax credit ended, profits went abroad
Minneapolis Star TribuneDecember 31, 2011

Without a break, any cash brought back to the United States would be taxed at the federal income-tax rate of 35 percent, with a credit for foreign income taxes already paid. Medtronic, based in Fridley, paid income taxes in fiscal 2011 at a rate of ...more »

Judge grants bail to jailed W. Pa. councilman
Beaver County TimesDecember 31, 2011

The judge says Beeman must abide by the law upon his release and keep the court apprised of his correct address. She also notes that Beeman is not allowed to drive. Beeman's ultra-libertarian views have also prompted the IRS to seek $2.1 million in ...more »

Tax scams that can get you into big trouble with the IRS
Washington PostDecember 31, 2011

This position is erroneously based on a provision of the tax code (Section 6020) that allows the IRS to determine the tax liability of a taxpayer and to prepare a tax return for persons who do not file or who file a false return. ...more »

County likely to sell land to hospital
Orland Press RegisterDecember 31, 2011

Foundation board President Rick Thomas said this week the foundation has state approval for its nonprofit status, and he expects to have an answer from the IRS soon. "We anticipate receipt of its approval any day," Thomas said, adding the foundation ...more »

How to Build Your Financial Dream Team
Wall Street JournalDecember 30, 2011

By KAREN BLUMENTHAL With stock markets volatile, tax rates uncertain and estate laws facing review next year, these are challenging times even for the best professional advisers. Are yours making the grade? The turning of the calendar is a good time to ...more »

New Jersey HeraldJudge grants bail to jailed W. Pa. councilman
New Jersey HeraldDecember 30, 2011

... release and keep the court apprised of his correct address. Beeman's ultra-libertarian views have also prompted the IRS to seek $2.1 million in back taxes, penalties and interest from him. His lawyer says the IRS has wrongly inflated the amount owed.more »

IRS Summons? Meet John Doe
ForbesDecember 30, 2011

How does the IRS get on to you, you might wonder? Increasingly, one important technique is the John Doe Summons. It blew the lid off the hushed world of Swiss banking in 2008 when a judge allowed the IRS to issue a John Doe summons to UBS for ...more »

2012 tax tips for small businesses
BizReportDecember 30, 2011

And, with audits for small businesses on the increase, here are a few tips to keep you out of the IRS office - or at least make the visit as painless as possible. by Kristina Knight According to a Syracuse University study audits of small businesses ...more »

Five Important Tax Tips to Get Ready for 2012
Channel InsiderDecember 30, 2011

If you claim employer credits for an employee and then try to shirk your payroll tax obligation because you classify them as a contractor, that sends big red flag to the IRS, Rocket Lawyer warns. Rocket Lawyer Says: "To prevent this situation, ...more »

Erie Co. councilman trying to get out of jail
Beaver County TimesDecember 29, 2011

Beeman's ultra-libertarian views have also prompted the IRS to seek $2.1 million in back taxes, penalties and interest from Beeman. Andrezeski says the IRS has wrongly inflated the amount owed. Posted in State, State on Thursday, December 29, ...more »

Library marks 'Mob Month'
Las Vegas Review - JournalDecember 29, 2011

Panelists will be Larry Halper, former special agent for the IRS Criminal Investigations Unit; Dennis Arnoldy, a private investigator formerly with the FBI when he was the case agent on the Tony Spilotro investigation in Las Vegas; and attorney Jeffrey ...more »

New US tactic for suspected Swiss bank tax cheats
ReutersDecember 29, 2011

NEW TACTIC IN SHOWDOWN The subpoenas, at least a dozen of which have been issued over the past year or so, are the latest twist in a showdown between Switzerland and the United States over the battered tradition of Swiss bank secrecy. Swiss law, dating ...more »

NRA Raises $200 Million as Gun Lobby Toasters Burn Logo on Bread
BusinessWeekDecember 29, 2011

The NRA told the IRS it gave $20347 to Morganton, North Carolina, city officials to support youth programs. The city says it received $8412, a difference of $11935. Oklahoma State University, which supports a number of youth shooting programs across ...more »

Ally Financial, Comcast, Madoff, Actavis, Deutsche Bahn in Court News
BloombergDecember 29, 2011

George Steinbrenner and the IRS settled the issues raised in the audit in an agreement accepted on March 1, 2007, according to the complaint. That agreement resulted in adjustments to the tax returns of the beneficiaries of a family trust, ...more »

New US tactic for suspected Swiss bank tax cheats
ReutersDecember 28, 2011

"This is a very hot issue right now," said Nathan Hochman, former assistant attorney general for the Tax Division of the Justice Department who is now in private practice at the law firm Bingham McCutchen. Hochman said that defense lawyers representing ...more »

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