So that our non-subscribers can get a better flavor of the types of questions we answer for our current subscribers please see below for a listing of questions which we have answered, and that have recently been added to our Tax FAQ Database.
Our very own Steven Mercatante Esq. will be a featured speaker for Convey Compliance's C2 Summit scheduled Sunday, September 23, 2012 - Tuesday, September 25, 2012 in Dallas, Texas.
We continue to get quite a bit of questions about the tax compliance guidance we offer at TIR. As such we thought we would give you a flavor for how we approach helping our clients - in this case by providing you with a free webinar from last spring on regulatory and compliance changes that were made in 2010-2011.
As we have reported previously, more and more former unpaid interns are filing lawsuits against employers for being forced to work as a full time employee without being compensated for work performed; thus violating federal and state wage, hour, and tax laws regarding the proper classification of interns vs. workers.
In April leading regulatory officials testified before Congress regarding an increased focus on measures to close the estimated net $385 billion tax gap (the actual tax gap as of 2006 has been estimated at $450 billion - with enforcement measures recovering $65 billion).
Kentucky's Department of Revenue (DOR) is instituting a tax amnesty program running from July 1, 2012 to June 30, 2013. The program will cover tax liabilities incurred during the time period December 1, 2001 to October 1, 2011.
This may have gone under your radar during these hectic days of the filing season but please note that, once again, both the US House (via H.R. 4123) and the US Senate (via S.1245) are both seeking to make your compliance job that much tougher when it comes to worker classification issues.
JP Morgan Chase agreed to pay a $20 million fine to settle a case filed by the Commodity Futures Trading Commission; a case filed because of JP Morgan's role in the demise of Lehman Brothers - specifically via the overextension of credit for approximately the two years leading up to Lehman's bankruptcy in 2008.
Though we acknowledge that issues surrounding worker classification and those associated with unclaimed property are still among the most important facing you this compliance season - take note: a challenger has emerged.
