Corporations Check the Box on Huge Tax Break
Boise WeeklySeptember 30, 2011
The new rule said that, by simply checking a box on IRS Form 8832 [6], businesses could declare them as corporations or partnerships. But within days of its announcement in 1996, tax lawyers were on the phone saying the Treasury Department had ...more »
Canadian Banks, Speculation Curbs, 'Purge' Suit: Compliance
BusinessWeekSeptember 29, 2011
29 to implement agreed changes to the region's bank capital rules. The Dutch government has yet to adopt the necessary legislation to implement the measures, which include limits on the amount of loans a bank can make to a single business, ...more »
Maddin Hauser Shareholder and Attorney Charles M. Lax to Co-Chair, Present at ...
PR.com (press release)September 29, 2011
Monika Templeman, Esq., of the Internal Revenue Service (IRS), Lax will be presenting “A Frank Discussion with the Director of Employee Plans Examinations,” will focus on issues of interest to retirement plan professionals. Southfield, MI, September 29 ...more »
IRS strikes a conciliatory tone toward Canadians
Financial Post (blog)September 28, 2011
Compliance with IRS financial disclosure rules intended to nab US tax evaders in Canada is proving complicated because of the large number of dual US and Canadian citizens, tax lawyers on both sides of the border say. ...more »
Options worsen for non-resident US citizens targeted by the IRS
Vancouver SunSeptember 28, 2011
Or - and these are not strategies he recommends as he has no basis to predict a probable outcome - non-compliant Canadian residents could simply start filing going forward and wait to see if the IRS comes back at them for previous years' filings and ...more »
Options worsen for non-resident US citizens targeted by the IRS
Vancouver SunSeptember 28, 2011
The issue is penalties - huge when the "amnesty" was in effect, and much larger now that it has ended - for failing to file pieces of paper with the Internal Revenue Service bureaucrats. Some of those affected knew they were supposed to file but, ...more »
Tevlin: Bachmann-Hammond: Just the ticket for our times
Minneapolis Star TribuneSeptember 28, 2011
So, we have a pastor who has fought with the IRS for decades, teaming up with a former IRS lawyer in a presidential campaign with an anti-tax platform. On the face of it, we have Bachmann's desperate attempt to solidify the far right of her evangelical ...more »
Maddin Hauser Shareholder and Attorney Charles M. Lax To Co-Chair, Present at ...
dBusinessNews Detroit (press release)September 28, 2011
On the final day of the conference, Oct. 26, the West Bloomfield resident will be presenting with Internal Revenue Service (IRS) Director of Employee Plans Examinations Monika Templeman, Esq., the second highest official at the IRS in the retirement ...more »
Bad options worsen for non-resident US citizens targeted by the IRS
Vancouver SunSeptember 27, 2011
Or — and these are not strategies he recommends as he has no basis to predict a probable outcome — non-compliant Canadian residents could simply start filing going forward and wait to see if the IRS comes back at them for previous years' filings and ...more »
Bad options worsen for non-resident U.S. citizens targeted by the IRS
Vancouver SunSeptember 27, 2011
Or — and these are not strategies he recommends as he has no basis to predict a probable outcome — non-compliant Canadian residents could simply start filing going forward and wait to see if the IRS comes back at them for previous years' filings and ...more »
IRS has lien on BESE member Louella Givens' home for $1.3 million in back taxes
NOLA.comSeptember 27, 2011
Bill Neilson, an attorney and Loyola law school professor who reviewed the records at the request of The Times-Picayune but was not familiar with the particulars of the case, said the records indicate that the IRS is holding Givens accountable for ...more »
What do I do if I am audited by the IRS?
Tax Law Home (blog)September 26, 2011
If the IRS tax notice indicates a balance is due because the IRS is questioning a calculation on your federal tax return, the IRS tax notice will indicate the amount as well. Consult with a tax advisor or tax lawyer. A tax advisor can be the Certified ...more »
Lifting the lid on 'check-the-box'
Financial TimesSeptember 26, 2011
The new rule said that, by simply checking a box on IRS Form 8832, businesses could declare them as corporations or partnerships. But within days of its announcement in 1996, tax lawyers were saying that the Treasury Department had overlooked the ...more »
Unintended taxing consequences
Canadian Lawyer MagazineSeptember 26, 2011
This was all part of a new wave of enforcement to, according to tax specialists, tax/track US citizens who keep large amounts of money overseas. Let me say right here, I don't practise US or Canadian tax law. I am not a tax expert and I don't even try ...more »
IRS, U.S. Banks at Odds Over $1 Billion in Tax Credits from Barclays Deals
ProPublicaSeptember 25, 2011
Young lawyers and accountants looked on it as a game,” one British lawyer directly involved in such deals said. “It is not hard to fool the parliamentary draftsmen.” Foreign tax credits are designed in US law to prevent double taxation of companies ...more »
