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Jan 05th
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IRS: Man ran secret bank from Wash. home (AP) E-mail

The Des Moines, Wash., home of Robert Arant, who is accused of operating a 'warehouse bank' out of his home in the south Seattle suburbs, is seen Tuesday, May 1, 2007. According to court documents unsealed Tuesday, Arant took  at least $28 million from people around the country who wanted the discretion of a Swiss bank account without going to Switzerland. (AP Photo/Elaine Thompson)AP - A man operated a "warehouse bank" out of his suburban home, taking at least $28 million from people around the country who wanted a discrete bank account, according to court documents.

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IRS: Man ran secret bank from Wash. home (AP) E-mail

The Des Moines, Wash., home of Robert Arant, who is accused of operating a 'warehouse bank' out of his home in the south Seattle suburbs, is seen Tuesday, May 1, 2007. According to court documents unsealed Tuesday, Arant took  at least $28 million from people around the country who wanted the discretion of a Swiss bank account without going to Switzerland. (AP Photo/Elaine Thompson)AP - A man operated a "warehouse bank" out of his suburban home, taking at least $28 million from people around the country who wanted a discrete bank account, according to court documents.


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US investment bank faces SKorean tax audit (AFP) E-mail

Goldman Sachs' offices in New York. Tax authorities have conducted an audit of the South Korean operations of the US investment bank, the company said Wednesday(AFP/Getty Images/File/Mario Tama)AFP - Tax authorities have conducted an audit of the South Korean operations of US investment bank Goldman Sachs, the company said Wednesday.


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Two arrested in alleged $5M tax refund fraud E-mail
The Denver District Attorney's Office and investigators from the Colorado Department of Revenue have arrested two people and are searching for a third person accused of stealing $5 million through phony tax refunds.
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Cigarette tax increase assured E-mail
Hoosiers or anyone from a neighboring state who likes to take advantage of Indiana's low cigarette prices should buy their cigarettes today.
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Home Office Deduction Many people whose small businesses qualify them for a home office deduction are afraid to take it because they've heard it will trigger an audit. But this deduction is no longer a red flag for an IRS audit. These tips can help you determine if you qualify to take the deduction--and rest easy when...
Brought to you by TurboTax.com
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General
Philly trying to preserve jobs while making cuts (AP) AP - Nearly a year ago, Mayor Michael Nutter took office amid glowing optimism: With the slogan "A New Day, A New Way," he promised to add hundreds of police officers, scale back taxes and help more Philadelphians get college degrees.
 
Filing Taxes
5 Smart Ways to Use That Refund Sample ImageWhile nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
Investment Taxes
OMB Control Numbers The Disclosure, Privacy Act, and Paperwork Reduction Act Notice for the
IRS Form 1040 states in part:
You are not required to provide the information
requested on a form that is subject to the Paperwork
Reduction Act unless the form displays a valid OMB
control number.
The fact that such a warning is printed on the IRS Form 1040
 
Work and Business Taxes
Tax Tips for Married Business Owners When married couples run unincorporated small businesses, they can really get nailed by the federal self-employment tax (SE tax). In fact, these small-business owners often face SE tax bills that exceed their federal income tax bills.
Home and Family Taxes
Broke states offering amnesty for tax cheats Desperate to bring in revenue in the middle of a recession, states across the country are adopting tax amnesty programs, offering to let people pay their past-due bills.
 
 
  • Newsflash
    AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday.
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