Posts Tagged ‘tax news’

Stop Tax Haven Abuse Bill: Preventing Offshore Tax Evasion Another Sign IRS Enforcement is on the Rise

Monday, March 9th, 2009

Last week, Sen. Carl Levin, chairman of the Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations, examined the recent deferred prosecution agreement between the Department of Justice and UBS AG Bank of Switzerland, as well as the DOJ’s ongoing attempts to force the bank to identify its U.S. customers with secret Swiss bank accounts.
Recently, a senior executive of a large Swiss bank was charged with conspiring with other
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Posted in Tax news and tips | 1 Comment »

How Does the New Economic Stimulus Law Affect Your Tax Bill?

Thursday, February 26th, 2009

The federal economic-stimulus packaged includes tax provisions focused on cutting marginal tax rates and expanding tax incentives.  While the new tax agenda increases taxes on upper-income Americans, it also includes plenty of tax cuts.

To fund deficit-reduction and other federal projects, the new stimulus law would increase a range of taxes - which falls in line with President Obama’s pledge to cut taxes for the middle class while allowing tax cuts
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Posted in Tax news and tips | 2 Comments »