by Leif Jensen | Oct 31, 2011 | General |
I have just read a story that a CPA threatening to kill an IRS employee over the phone. Now I may have been angry on certain issues while on the phone, especially to a certain horrible utility shall we say. But I never lost it to the point of threatening mortality....
by Leif Jensen | Oct 30, 2011 | General |
Have an embezzlement case of a 42-year-old from Timonium, MD pleaded guilty earlier this month to filing false tax returns in 2007 and 2008 after she neglected to claim over $382,000 embezzled from her former employer, Towson, MD-based employer. All Chicagoans know...
by Leif Jensen | Oct 30, 2011 | General |
The Tax Court has ruled in favor of a landlords who due to a lack of tenants wanted a write-off of rental losses. The details: After buying a home, the owner moved away and rented the property out for years. After her last tenant moved out, she was unable to rent it...
by Leif Jensen | Oct 29, 2011 | General |
IRS will now need a warrant to get taxpayer e-mails from an Internet provider, the agency’s lawyers say in a memo to the field. Agents must now go to court and get a judge’s approval. Before this ruling the IRS just needed an administrative summons to do the trick. ...
by Leif Jensen | Oct 29, 2011 | General |
Apparently the U.S. isn’t the only country interested in tax avoidance by high-incomers. The United Kingdom is planning a crackdown, advertising for 1,000 agents to closely check the tax compliance of the country’s 350,000 wealthiest taxpayers. IRS already has a squad...
by Leif Jensen | Oct 29, 2011 | General |
The Social Security wage base level for 2012 will increase to $110,100. This is a $3,300 increase over this year’s figure and the first increase since 2009. The wage base did not go up in 2010 and 2011 because the law bars any increase in the cap in years when...
