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TAX LAW NEWS - TAX LITIGATION
From the daily archives:
The Paterson administration wants to change the way New York businesses get tax breaks for job creation, proposing credits for research and development, capital investment and payroll costs for new jobs in high technology, biotechnology, clean energy, finance and manufacturing.
The proposed Excelsior Jobs Program would replace the Empire Zones Program, which provides tax incentives for [...]
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National Taxpayer Advocate Nina E. Olson today released her annual report to Congress, warning that increased demands on the IRS have eroded the agency’s ability to meet taxpayer service needs and expressing concern that IRS collection practices are harming financially struggling taxpayers without producing significant revenue gains.
In the preface to the report, Olson noted that [...]
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Giant fraud insider trading case director pleads guilty
This year, the alternative minimum tax will gather $63 billion from American families with an income of as little as $75,000, according to the Senate Finance Committee. The AMT may now hit tax filers who are school teachers, construction workers and bus drivers. Call them the new rich.
The [...]
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