US Judge allows Dr Fai to work for Kashmir cause during prison
South Asian News AgencyMarch 31, 2012
Defense lawyer admitted Dr Fai has not reported tax evasion to IRS. “That is a mistake on his part” the lawyer said. It was not an intentional crime committed but a mistake. On these grounds the defense lawyer of Dr Fai requested that his jail sentence ...more »
Thunder Valley tribe fires official accused of fraud
Sacramento BeeMarch 31, 2012
No charges have been filed in the case and Baker's lawyer has said his client did nothing wrong. But the United Auburn Indian Community said Friday that it had fired Baker from the post he had held since December 2003. "He was terminated for cause ...more »
Colleague says Durkee stole $1 million in personal funds
Los Angeles TimesMarch 31, 2012
By January, state and federal officials had filed liens stating that Shallman owed $1.5 million in taxes and penalties, public records obtained by The Times show. Brown said his client has begun to put his house in order, by making "substantial ...more »
TaxMasters Slapped With $195M Fraud Judgment
WIBWMarch 31, 2012
The Texas Attorney General's office said it would "actively participate in the bankruptcy case to seek to recover restitution for customers." TaxMasters' most recent financial reports show it spent nearly $16 million on advertising in 2010, ...more »
TaxMasters slapped with $195M fraud judgment
CNNMarch 30, 2012
By James O'Toole @CNNMoney March 30, 2012: 7:05 PM ET NEW YORK (CNNMoney) -- TaxMasters, the Houston-based tax consultation firm whose ads had been a TV fixture in recent years, has been ordered along with its founder to pay $195 million on charges ...more »
Kashmir Activist Paid by Pakistan Spies Sentenced to Prison
BusinessWeekMarch 30, 2012
“He lied to the Justice Department, the IRS, and many political leaders throughout the US as he pushed the ISI's propaganda on Kashmir,” US Attorney Neil MacBride said in a statement. One document found in the search called for $100000 for ...more »
Lawsuits test UBS advice on offshore bank accounts
ReutersMarch 30, 2012
UBS admitted as part of its agreement in 2009 that it did not collect or require clients to sign the forms, while concealing their identities from the IRS under Swiss bank secrecy laws. Olenicoff, a property developer whose wealth was estimated by ...more »
Understand the IRS' Voluntary Disclosure Program
Texas LawyerMarch 30, 2012
A noisy disclosure occurs when the taxpayer or his attorney contacts the IRS and provides the taxpayer's name, Social Security number and date of birth. If the IRS determines that the disclosure is timely, ie, before the IRS has started a civil ...more »
United Auburn Indian Community fires tribal administrator linked to money ...
Sacramento BeeMarch 30, 2012
The proceeds were spent on commercial properties, vacation homes, luxury cars and other assets, the IRS said. Asked about his termination, Baker's lawyer Tom Johnson said in an email: "The decision is unfortunate. Greg Baker's leadership at the UAIC ...more »
Departing Port Richey mayor: 'My actions have caused me to fail my community'
Bay News 9March 29, 2012
Those changes are now overshadowed by scandal, as Rober finds himself facing legal action from the IRS for under-reporting his income from a business he and his wife, Averill, formerly owned, Gator Water and Wastewater Management.more »
US court presses Dow Co in tax credit case
Chicago TribuneMarch 29, 2012
IRS lawyer Andrew Weiner argued, "The statute does not require that the court turn a blind eye to what was really going on this case. They were conducting normal manufacturing operations and they were also conducting qualified research.more »
Estate planning lays framework for smooth transition
Agri-ViewMarch 29, 2012
He says an estate plan is a piece of the process that is succession planning. For tax and other reasons, Rupar says it makes sense to start transferring operating assets as soon as both generations are comfortable with the commitment.more »
The Misclassification Risks of Hiring Independent Contractors
Law.comMarch 29, 2012
But Emily Sanford Johnson, a labor and employment attorney with United Parcel Service, Inc., believes that companies need to carefully weigh the risks associated with using such workers. Johnson addressed a group of lawyers attending ALM's In-House ...more »
Lawyers Are Employees, Not Independent, Says Fifth Circuit
ForbesMarch 29, 2012
When the firm collected fees on a case, it split them (generally one-half or one-third) with the attorney who handled it. The IRS wanted employment taxes, calling everyone (including Cave himself) an employee. Cave went to Tax Court and lost.more »
The IRS and forgiven debt
Weatherford DemocratMarch 29, 2012
I personally think that the word “forgiven” is used improperly by both the lender and the IRS for tax gain by both parties. I said in the beginning of this article that I was not a contract lawyer and I am certainly not a tax expert.more »
