Last week we wrote about the many responsibilities that federal and state tax codes place on business owners. From payroll taxes to estimated taxes to the intricacies of the Affordable Care Act, there are a host of ways that tax issues impact businesses and their owners. Sometimes, of course, business […]
In yet another story that seems like something straight out of a James Bond movie, a Vatican accountant, a former Italian spy, and a financial broker have been arrested and charged with tax evasion and possibly money laundering. A complex scheme involved the former Italian spy moving over $26 million […]
In what was one of the two most anticipated cases in the Supreme Court’s docket this year (and arguably in many years), the Supreme Court ruled in United States v. Windsor that the federal Defense of Marriage Act (DOMA) was unconstitutional as it violated the Constitution’s Equal Protection and Due […]
Sprint, the third largest wireless carrier in the country, has been charged with tax fraud for willfully failing to pay a portion of sales taxes owed, according to the complaint filed by the state of New York. Sprint tried to have the case dismissed, but the judge refused the dismissal […]
In our first post about the impacts of the recent Supreme Court decision, United States v. Windsor, in which the federal Defense of Marriage Act (DOMA) was partially struck as unconstitutional, we discussed the fact that many surviving same-sex spouses may qualify for tax refunds for payments made on their […]
Payroll taxes are not the only taxes that businesses must concern themselves with. There are numerous other tax issues that affect businesses, from estimated tax payments to the need to keep good records in case of tax audits. These are basic issues that affect businesses in Texas and across the […]
When the IRS puts out a carrot, it doesn’t necessarily leave it out indefinitely. For example, the agency has rolled out more than one program in recent years regarding the disclosure of previously unreported offshore accounts. But in order to encourage participation, these programs typically come with an ending date. […]
One small step for a few island territories could mark a giant leap forward in corporate tax accountability. For years, certain islands represented more than fun in the sun for vacationers: for companies in the know, they were synonymous with tax shelters. Now, on the wave of a global crackdown […]
Back on June 5th, we posted an article discussing how many of the largest companies in the world were coming under scrutiny in Europe for allegedly not paying their fair share of taxes. One of those companies, Starbucks, began making payments today. The interesting thing is that it does not […]
ormer Prime Minister Silvio Berlusconi cannot seem to get out of the news. Part of it might have to do with the fact that he owns a controlling share in Italy’s Mediaset, the largest media company in the country. The rest might have to do with the alleged tax fraud […]