Tax Law

Marco Rubio’s deeds and words don’t match – CNN

Rubio’s proposal –the Responsible Child Tax Credit Eligibility Verification Act of 2012– would stiffen the filing requirements for Individual Taxpayer Identification Number applicants. This is being done, according to a Rubio spokesperson …

Public has reason to feel nervous – Wichita Eagle

The primary cause is uncertainty about the tax law’s deep cut in the income tax. Supporters tout it as an economic development tool that will propel the state toward prosperity, but a good number of nonpartisan analysts say that won’t … Continue reading

Tax break for businesses costs $336M in NC – CharlotteObserver.com

State Sen. Dan Clodfelter has supported tax breaks before. But the Democrat couldn’t back this one, even though he and his 175 partners at a Charlotte law firm will benefit. He said the more than $600,000 in tax breaks going … Continue reading

Dallas Tax Attorney Nick Nemeth Warns That IRS Audits Stand To Increase In The Coming Years – PRLog (free press release)

Nick Nemeth, Founder of The Law Office of Nick Nemeth, a Dallas Tax Law Firm, recently published a blog on his website (www.MyIRSTeam.com) warning taxpayers that the IRS is becoming more aggressive than ever. The blog, titled “Warning to Small … Continue reading

Property tax overhaul poses challenge for counties – Athens Banner-Herald

ATLANTA — A state law aimed at helping taxpayers is causing more of them to appeal their property tax bills to county officials, who say the extra workload in some cases is costing hundreds of thousands of dollars. For example, … Continue reading

Medical device tax becomes proxy for philosophical dispute between U.S. Senate candidates – Evansville Courier-Press

INDIANAPOLIS — A dispute over the new health care law’s tax hike on medical device-makers became a proxy last week for the larger philosophical differences between Indiana’s two U.S. Senate hopefuls. It started when the Republican candidate …

Property tax overhaul poses challenge for counties – Macon Telegraph

A state law aimed at helping taxpayers is causing more of them to appeal their property tax bills to county officials, who say the extra workload in some cases is costing hundreds of thousands of dollars. For example, Fulton County … Continue reading

Altria Resolves Tax Dispute with IRS Regarding Philip Morris Capital Corporation Leases – Yahoo Finance

changes to income tax laws; legislation, including actual and potential federal and state excise tax increases; increasing marketing and regulatory restrictions; the effects of price increases related to excise tax increases and concluded …

More on IRS tax liens – Chicago Tribune

A federal tax lien is generally self-cancelling after the tolling … Where the lien has to be filed, which depends on state law, changes the effect of the lien. An example of this would be in a state requiring filing … Continue reading

Obama says Congress needs to act on jobs – YAHOO!

Unemployment increased to 8.2 percent. Republican Sen. John Cornyn of Texas says Democrats are promoting “gimmicks” and unless Congress and Obama act, Americans will deal with a tax increase of nearly $500 billion. He says the tax hike could push … Continue reading