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Friday, October 16, 2009

IRS Leniancy Program Comes to an End

by taxnick on October 16, 2009

The Internal Revenue Service’s investigation into Americans who use foreign banks to evade taxes has all the elements of a Hollywood thriller.
Criminal indictments that have come from the investigation detail complex financial deals, complete with secret communications and people traveling to Hong Kong, Switzerland and the Cayman Islands to have secret meetings with their bankers. [...]

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Georgia Property Tax Cap to Go Down in 2010

by taxnick on October 16, 2009

Even if a homeowner’s property assessment magically soars in Prince George’s County amid a severe real estate downturn, the county won’t be able to reap the benefits next year because of a complex system of tax laws.
The County Council is poised to pass legislation regarding the Homestead Property Tax Credit, a statewide tax limit designed [...]

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