Tax Analysts Tax Notes reports that the IRS Large Business and International Division (LBI) released mandatory, stringent new procedures for enforcing information document requests (IDRs) and issuing summonses, minimizing examiners’ discretion even at the manager level.
As IRS and the Department of Justice Attempt to Do More with Less, Whistleblowers Could Be the Key to Continuing to Combat Tax Shelters.
Tax shelters are an on-going battle for the IRS and the Department of Justice with large amounts of money at stake for the government, the taxpayer, and possibly for a knowledgeable whistleblower.
Tax Analysts Tax Notes is reporting that David Raminfard of Los Angeles pleaded guilty on November 4, 2013, in federal court to one count of conspiracy to defraud the United States (Klein conspiracy).
Tax Analysts Tax Notes reports that Potomac, Maryland, attorney George Nelson Smith pleaded guilty on November 1, 2013 to filing a false tax return and failing to file a tax return.
Denis Field, former CEO of BDO Seidman was acquitted last Thursday on all seven counts against him by a jury for the U.S. District Court for the Southern District of New York, in the case of U.S. v. Daugerdas, 09-cr-00581 (S.D.N.Y. 2009), as reported at accountingtoday.com.
House Bill 3601 A (“HB 3601”) passed the Oregon House of Representatives and the Oregon Senate on October 2, 2013, during a special session. Governor Kitzhaber signed the bill into law on October 8, 2013. The new law is effective January 1, 2014. This is good news for some Oregon taxpayers and bad news for others.
Maine generally requires a charitable organization to become licensed with the state before it solicits, accepts, or obtains contributions in the state.
Now that same sex couples are able to marry in New Jersey (and twelve other states), it is important to understand the tax issues involved.
States use two income tax models—a “flat” tax and a “fair” tax. Under a flat tax, the same tax rate applies to everyone, regardless of his or her income. Under a fair tax, taxpayers with lower incomes pay lower rates and taxpayers with higher incomes pay higher rates. The Illinois Constitution mandates that Illinois have a flat income tax.
As of September 13, 2013, charitable organizations soliciting in Arizona are no longer required to register with the Arizona Secretary of State.