News Links for 7-29-13

Lots of tax-related events happened over the weekend. Facebook strikes again, as a woman brags on the popular social media network about her tax fraud. Check out these stories!

Bolt Strikes At Diamond League Games, Says UK Races Hinge On Tax Laws

He only agreed to race in the event because the British government extended the exception, initially extended to Olympic athletes, to allow international athletes to compete tax-free. Otherwise, under the current law, Bolt, like other athletes are ...

 

U.S. Seeks PNC, Wells Fargo, JP Morgan Records To Find Tax Cheats--From ...

In the latest example of how the world's wealthy nations have ramped up cooperation against offshore tax evasion, the U.S. Department of Justice is for the first time using ?John Doe? summonses to ferret out suspected tax cheats from another ...

 

Kuroda Sees Japan Economy Weathering Planned Sales-Tax Rise

Bank of Japan Governor Haruhiko Kuroda indicated little concern that a planned sales-tax rise would derail an economic rebound as Prime Minister Shinzo Abe considers whether to proceed with the move. ?A two-step sales tax increase won't give major ...

 

A New, Dangerous Job in Mogadishu: Tax Collector

The Somali traders in Mogadishu's markets have long faced down Islamist rebels and warlords demanding money. Now they say there is a new predator: the government tax man. Militias extorted cash from civilians during much of the last two decades of ...

 

IRS Employees Union Is 'Very Concerned' About Being Required To Enroll In ...

Former acting Internal Revenue Service (IRS) Commissioner Steve Miller (R) and Treasury Inspector General for Tax Administration, J. Russell George are sworn in before testifying before a full House Ways and Means committee hearing on 'Internal ...

 

Why Should the Internal Revenue Service Be Beyond Reproach?

But under a little-noticed provision of the Internal Revenue Code, citizens who claim that the IRS has made a mistake risk paying a large fine if it turns out that they are wrong. That provision, too, betrays a lack of concern for First Amendment ...

 

Senate Dems propose increasing IRS budget

Senate Democrats on Tuesday proposed increasing the budget of the Internal Revenue Service and other financial agencies next year. The IRS would get $12.07 billion in funding under the Financial Services subcommittee bill reported to the full Senate ...

 

Internal Revenue Service scandal ties to Obama appointee

Internal Revenue Service scandal ties to Obama appointee. Posted: July 23, 2013 - 4:15pm. Advertisement. Does anyone recall when the Internal Revenue Service (IRS) scandal broke? Fingers were pointed at some rebel agents in the Cincinnati office.

 

IRS says woman bragged about tax fraud on Facebook

They provide a glimpse of how criminals have used identity theft and gaps in IRS security measures to file bogus tax returns and collect billions of dollars in fraudulent refunds. The national scandal centered in Tampa has been the focus of ...

 

5 from Passaic charged in $2.5M tax refund scam

Perpetrators of such refund scams typically use Social Security numbers and other personal identifying information obtained from unwitting residents of Puerto Rico because they are not required to pay income tax unless they work for U.S.-based ...

 

7 more Mississippians indicted for stolen identity tax refund fraud

Seven more Mississippians have been indicted on stolen identity tax refund fraud for allegedly filing tax returns with someone else's identity in order to get fraudulent refunds. Stolen identity refund fraud occurs when a person, without permission ...

 

IRS, States Call on IBM, LexisNexis, SAS to Fight Tax Fraud

A Miami law-office employee admitted in February he had accessed his firm's LexisNexis account and stolen thousands of Social Security numbers of prison inmates?prime targets for tax-fraud identity theft because they are unlikely to file returns?and ...

 

Changes to Portland arts tax call for a public vote

The Department of Revenue estimates that the pension exemption will reduce arts tax collections by up to $600,000 for tax year 2012, which equates to more than 17,000 tax filers. On Wednesday, commissioners discussed a range of additional changes, ...

 

Taiwan Considers Luxury Tax Rule Change to Curb Property Prices

Taiwan (TWGDCONY) is considering changes in luxury tax rules to narrow the gap between property prices and incomes amid slower pace of economic expansion. ?Current rules have flaws, for example, we are unable to tax those deep-pocket investors, who ...

 

Will you save from NC's tax changes?

The tax reform measure state legislators approved last week will change the game for the first time since the 1930s. Beyond affecting your personal income taxes, other tweaks will cap the gas tax, eliminate the North Carolina death tax, and reduce the ...

 

Tax-law changes to squeeze seniors

The changes the budget made in property taxes undo a break implemented by Democrats. For years, the state gave a property-tax break ? the homestead exemption ? to Ohioans at least 65 years old who earned less than $26,200 a year. In 2007, Gov.

 

FratPAC Lobbies Congress For Tax Breaks, To Stop Anti-Hazing Law

Fraternities and sororities have their own lobbying group on Capitol Hill, fighting for tax breaks for frat houses and opposing an anti-hazing measure, Bloomberg News reports. The Fraternity and Sorority Political Action Committee, or FratPAC, spent ...

 

Seminar on tax law Tuesday in Farmington

Seven hours of continual professional education on tax law are being offered by a variety of New Mexico groups for attending a one-day seminar on Tuesday from 8 a.m. to 5 p.m., at San Juan College, Henderson Fine Arts Building, rooms 9008-9010, ...

With Online Tax Pros you can electronically file taxes online directly from home using our professional online filing service. When you file through Online Tax Pros you are receiving the industry's highest standards for online taxes security, guaranteed error-free electronic tax filing calculations, and an easy way to prepare your taxes.

Online Tax filing is one of the fastest and most affordable ways to file your income tax return. When you file through Online Tax Pros, there is notification on your account regarding the status of your return within 48 hours. We make it happen for you quickly and easily at an affordable price. You may even qualify to file your taxes online for free.

These posts are for informational use only to educate people about their online income taxes and the financial world around them. If you found this helpful, share the original article or this one, and help spread the word! With tax season rapidly approaching let us get you the best income tax return you can possibly have by e-filing! Give us a comment if you want to share your opinion on any one of these stories.

 

Visit our site: http://www.onlinetaxpros.com

And our blog: http://www.onlinetaxprofessionals.blogspot.com

Please like us on Facebook: http://www.facebook.com/onlinetaxpros