Tax news August 2013

Tax

John Dalrymple Named Deputy Commissioner for Services and Enforcement

IRS Acting Commissioner Danny Werfel announced August 30, 2013, former long-time IRS executive John M. Dalrymple has been named Deputy Commissioner for Services and Enforcement.
Tax

FATCA: United States and Switzerland Issue Joint Statement Re Tax Evasion Investigations

Switzerland has encouraged its banks to cooperate with new program that will require significant financial penalties and information sharing from banks that aided secret account holders.
Tax

Crime Watch: August 30, 2013

The Justice Department announced August 20 that Teresa Marie Marty, Charles Tingler, and Victoria Tingler have been charged with conspiracy to defraud the United States and filing multimillion-dollar liens against government officials.
Tax

All Legal Same-Sex Marriages Will Be Recognized for Federal Tax Purposes

The US Department of the Treasury and the IRS on August 30, 2013, ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes.
Tax

Property Tax Bill Flew Past Cheney's Radar

Liz Cheney – US Senate candidate and daughter of Dick Cheney – and her husband, Philip Perry, missed their property tax payment in 2012. Earlier that year, they bought a four-bed, four-bath home in an upscale part of Jackson Hole, Wyoming.
Tax

Another Taxing Opportunity: Plastic Bags in PA

There's nothing new about governments trying to use tax as behavior modification. They've been doing it forever. Now the behavior being targeted in some areas of the country is the choice at the grocery store of "paper or plastic."
Tax

How State Income Taxes May Be Redrawing the Population Map

Not many political potatoes are as hot as taxes. Whatever your opinion about state and local taxes, it's prudent now and then to gauge how the prevailing rates affect a state's fiscal health overall.
Tax

IRS to Michael Jackson Heirs: We Want More Money!

More than four years after he died, Michael Jackson's heirs are still waiting for their shares of his substantial estate. If the IRS has its way, they'll continue to wait a lot longer.
Tax

Prosecutors Get Paid to Watch 'Real Housewives of New Jersey'

As the case against reality star Teresa Giudice and husband Joe unfolds, outtakes from "The Real Housewives of New Jersey" will become part of the evidence for the prosecution to sift through.
Tax

Al Pacino's Tax Lien Sleeps with the Fishes

California can cross one celebrity off its deadbeat list. Al Pacino was into the Golden State for $31,706.04 (knowing what's good for him, the Godfather did not forget the extra four cents).
Tax

IRS Reminder: Highway Use Tax Return Due September 3

The IRS is reminding truckers and other owners of heavy highway vehicles that in most cases, their next federal highway use tax return is due on Tuesday, September 3, 2013.
Tax

US Citizenship No Longer Worth Red Tape and High Taxes for Some

A surprising number of Americans living abroad are giving up and saying "uncle" to Uncle Sam. In quarter two of 2013, more Americans – 1,130 – renounced their citizenship than in all of 2012. That's in addition to 679 in the first quarter.
Tax

IRS Issues Guidance on Health Insurance Credit

Small businesses may already be eligible for a special tax credit for providing health insurance. After issuing guidance on the credit in the form of several notices the past few years, the IRS has now released new proposed regulations summarizing the rules.
Tax

Online FATCA Registration System Now Offered by the IRS

The IRS on August 19 unveiled a new online registration system for financial institutions that need to register with the agency under the Foreign Account Tax Compliance Act (FATCA).
Tax

Coalition Presses Congress to Close Corporate Tax Loopholes

Groups in sixteen states already held or are holding events later this week to demand that Congress close corporate tax loopholes in order to help avoid more deep cuts to essential benefits and services.
Tax

Study: Tax Credits for Obamacare Expected to Average $2,700

Americans who currently purchase their own health insurance through the individual market would receive tax credits averaging nearly $2,700 next year for coverage purchased through new insurance marketplaces under the Affordable Care Act (ACA).
Tax

Lois Lerner Accused of Using Personal E-mail for Official Business

Lois Lerner can't catch a break. Now House Republicans are asking her to provide official documents she purportedly sent to her personal e-mail account.
Tax

Tax Makes Boxing in US a Bad Bout for Pacquiao

Filipino Manny Pacquiao is a superstar among professional boxers. The eight-division titlist isn't one to run from a challenge, but one bout he's had enough of is the one with the US taxman.
Tax

'Hell's Kitchen' Star Feels Heat of Tax Scrutiny - UPDATE!

His familiar scowl appears in millions of homes every week as the star of MasterChef and Hell's Kitchen. But Gordon Ramsay may be scowling over more than culinary imperfections these days.
Tax

Giudices Returned to Court for Tax Fraud

On August 14, Joe and Teresa Giudice appeared in US District Court to enter pleas of not guilty through their attorneys. They didn't speak at all, but a reporter in the courtroom said that at one point, Teresa mopped sweat off her husband's brow.

Pages


Already a member? log in here.