News

IRS YouTube Videos Offer Last-Minute Help for Taxpayers

Source: irs.gov - Apr 5, 2012

Thought this was kind of interesting: IR-2012-41, April 4, 2012 WASHINGTON — The Internal Revenue Service reminds taxpayers that IRS YouTube videos can help them with their taxes before the... Read more >

Category: IRS

Will BP Oil Spill Victims Pay Tax On $7.8B Settlement?

Source: forbes.com - Mar 25, 2012

The news release that BP reached a $7.8 billion settlement over its Deepwater Horizon oil spill could mean cash for many victims soon. It’s good news for BP too, although BP must still deal with... Read more >

Category: General Business

Standard deduction works well for some

Source: nola.com - Mar 25, 2012

Published: Sunday, March 25, 2012, 6:43 AM The Times-Picayune By The Times-Picayune I'm working on my taxes and am trying to figure out if it's in my best interest to itemize. Any thoughts?... Read more >

Category: IRS

Audit rates of millionaires nearly double

Source: money.cnn.com - Mar 25, 2012

NEW YORK (CNNMoney) -- The more money you have, the more the IRS wants you. Millionaires were nearly twice as likely to receive a tax audit last year as they were the previous year, according to... Read more >

Category: General Business

Just the facts about taxes

Source: money.cnn.com - Mar 25, 2012

Much of the debate in this election is about taxes -- how much we pay, who pays it, is the burden shared fairly. MONEY magazine separates truth from spin. Do half of us really pay no taxes?... Read more >

Category: IRS

UPDATE 1-U.S. IRS forms 'SWAT team' for tax dodger crackdown

Source: reuters.com - Mar 21, 2012

Tue Mar 20, 2012 5:57pm EDT * Tax evasion by 'transfer pricing' a top target for IRS * Talent comes from Big Four audit, law, consulting firms * 'The deck is stacked against them' - academic on... Read more >

Category: IRS

The U.S. Is Number One. On April 1, Japan cedes the highest corporate tax rate to America.

Source: online.wsj.com - Mar 20, 2012

April 1 is a date that every politician and business executive in America should circle on the calendar. That's when Japan cuts its corporate tax rate to 36.8% from 39.5%. The United States will... Read more >

Category: General Business

Can't Find A Product Or Service? Start A Company

Source: huffingtonpost.com - Mar 20, 2012

Not all innovation comes from the lab. One of Forbes's newest standout billionaires is Sara Blakely, founder of undergarment sensation Spanx. As Blakely explained in a recent Marketplace interview,... Read more >

Category: General Business

TaxMasters files for bankruptcy

Source: money.cnn.com - Mar 20, 2012

NEW YORK (CNNMoney) -- TaxMasters, the Houston-based firm that advertises it can help consumers facing problems with taxes, filed for bankruptcy protection Sunday. The firm, which had a prominent... Read more >

Category: General Business

The Big Easy's Business Leap Forward New Orleans has been reborn as a tech town. Really.

Source: online.wsj.com - Mar 20, 2012

By DOUGLAS MCCOLLAM It's been 10 years, but Tim Williamson's face still registers incredulity as he recalls the conversation. He and several other young New Orleans businessmen had dreamed up... Read more >

Category: General Business

Strange But Legit Tax Deductions

Source: forbes.com - Mar 20, 2012

If you’re searching high and low for tax deductions, take comfort from others who’ve done well at tax time. Of course, no one wants to be challenged, which argues for keeping to the straight... Read more >

Category: IRS

Corporate Tax Deadline Nears

Source: forbes.com - Mar 15, 2012

If you’re a math geek like me, it didn’t go unnoticed that today is π day, or pi day (note to my brother: that’s pi, not pie). Yep, every year, on March 14, those of us who used to be on the... Read more >

Category: IRS

Retailers: U.S. Department of State Issuing New Diplomatic Tax Exemption Cards

Source: dor.wa.gov - Mar 15, 2012

Larry's note: This one's from last year, but thought our retail clients might be interested. Also, follow this link to see what the new cards look like:... Read more >

Category: General Business

Fla. man indicted in N.O. in tax fraud scheme

Source: wwltv.com - Mar 12, 2012

NEW ORLEANS (AP) — A Florida man has been charged in New Orleans with engaging in a tax fraud scheme. A federal grand jury on Friday indicted 48-year-old Yahia Asad, of Tallahassee, Fla., on one... Read more >

Category: IRS

Tax Scam Promises Churchgoers 'Free Money'

Source: wdsu.com - Mar 12, 2012

NEW YORK (CNNMoney) -- The IRS is cracking down on scammers promising elderly and low-income churchgoers "free money" by urging them to claim fraudulent tax refunds. The nationwide scheme, which... Read more >

Category: IRS