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Monday, December 19, 2011

NEWSWIRE




Tuesday, December 13, 2011

SPORTS

Aramis headed to Milwaukee, pending physical
The Brewers-Cubs rivalry may get a little more interesting. Aramis Ramirez, considered the top free-agent third baseman, reportedly agreed to a three-year deal Monday with one of the Cubs' rivals, the Brewers, pending a physical.


Interesting choices pepper non-tender deadline
The Hot Stove reached another high point Monday night, with clubs making some tough decisions on whether to tender contracts to players under team control.


Pirates pick up McGehee in swap with Brewers
The Pirates and Brewers swapped arbitration-eligible players on Monday, with power-hitting infielder Casey McGehee coming to Pittsburgh in exchange for right-hander Jose Veras.

Red Sox ‘still eyeing’ Ryan Madson?
Market for Nene slimming?
D-backs addition of Cahill makes Saunders expendable
Michael Cuddyer leaning toward rejoining Twins
Ankle sprain shouldn’t sideline Ben Roethlisberger
Rangers focused on trade for pitcher, not signing Fielder
Clippers waiting on Chauncey Billups
Rays acquire Badenhop in trade with Marlins

NEWSWIRE

Retail Sales Rise Less Than Expected
Retail sales rose less than expected in November as a drop in receipts for food and beverages weighed against stronger sales of motor vehicles, the Commerce Department said on Tuesday


Another Grim Year for 2012: Mark Dow
The same trends that have defined the global economy for much of the last two years will remain in place in 2012, says hedge fund manager Mark Dow of Pharo Management


The Real Victims of Jon Corzine & MF Global’s Bankruptcy
The embattled former Senator, Governor, head of Goldman Sachs, and CEO of MF Global will testify again today, this time in front of his pals and former peers in the U.S. Senate.


Howard Buffett: Why His Future Role Means Nothing for Investors
Buffett unofficially announced that his son, Howard, will eventually take the reins of the 8th largest company in America... sort of.


WaMu settles dispute, eyes bankruptcy exit
Apple in talks to buy Anobit for $400-$500M
Banks park more money with ECB
Unemployment benefits extension reviewed for 9th time
Agencies face budget curbs in $1 trillion bill
Jon Corzine testifies again, $1.2 billion still missing
House and Senate agree on sweeping defense bill
Army helicopters crash on Washington base, 4 dead
Obama: Headed for a landslide?

Monday, December 12, 2011

SPORTS

NEWSWIRE

SF Becomes First U.S. City to Top $10 Minimum Wage
Come New Year's Day, San Francisco will make history by becoming the first city in the nation to scale a $10 minimum wage.


IPO Fever: Busiest Week in Four Years
As many as 11 companies are expected to go public, including online gaming king Zynga.


How Much Money Do You Need to Feel Rich?
A new survey asked Americans what income level they consider to be "rich." Here’s a breakdown of the responses.


Holiday Shopping Guide: Consumers Go Mobile and Go for Deals, Gilt’s Lyne Says
This week tends to be one of the busiest for online retailers as consumers place their orders before the cutoff for guaranteed holiday arrival.


A New Way to Access the Pre-IPO Market
Zynga, Jive Software and Michael Kors are set to go public in one of busiest IPO weeks in four years.


7 Ways to Tweak Your Retirement Plan for 2012
Even the best-built plan needs a check-up. Here's a list of tips, tweaks and reminders for the year ahead.



NEWSWIRE

IRS Sets Deductible Mileage Rates for 2012
The Internal Revenue Service released on Friday the optional standard mileage rates that business taxpayers can use in 2012 to figure the deductible costs of operating a vehicle for business, charitable, medical or moving purposes, and for the most part they have not changed a great deal.


Thomson Reuters Acquires Web Designer Emochila
The Tax & Accounting business of Thomson Reuters has acquired San Francisco-based Web design company Emochila for an undisclosed sum.


Olympus Tries to Clean up Its Accounting
Olympus has until December 14 to fix its financial statements in the wake of a high-profile accounting scandal if the camera maker wants to retain its listing on the Tokyo Stock Exchange.


House Republicans Offer Payroll Tax Cut Bill
House Republicans introduced their version of a payroll tax cut extension bill on Friday, a day after competing Republican and Democratic versions of payroll tax cut legislation failed for the second time to advance in the Senate.


Group Disputes State Tax Avoidance Study
A pro-business lobbying group is disputing the claims in a recently released report that found some of the most profitable corporations avoiding billions of dollars in state taxes.


IRS to Use SAS Analytics to Combat Fraud
The Internal Revenue Service has signed a $6.25 million contract with the SAS Institute to use the company’s analytical software to help it identify tax evasion and fraud as part of the agency’s Return Review Program.


Corzine Faces Congress over MF Global Bankruptcy
Former U.S. Senator and New Jersey Governor Jon Corzine faced questions from a skeptical congressional panel Thursday over his role in the collapse of MF Global and the disappearance of $1.2 billion from customer accounts.


New York State and Yonkers withholding tax changes
We're developing new tables that will be effective January 1, 2012. Sign up for Subscription Service to get the tables as soon as they're available.



Thursday, December 8, 2011

NEWSWIRE


As part of the new “Commonly Asked Questions” webinar series, the NNA will be hosting a 30-minute webinar on Monday, December 12 focusing on the proper use and recording of credible witnesses during a notarization. The webinar is free of charge and open to all Notaries. 

DALLAS -- Albert Pujols has agreed to a 10-year deal for at least $250 million with the Los Angeles Angels, sources told ESPN The Magazine's Buster Olney on Thursday.  The deal includes a full no-trade clause, which Pujols had been seeking and may have been a sticking point in his negotiations with the Miami Marlins.  Pujols had turned down an offer from the Cardinals, the only team he has ever played for, about a year ago, but St. Louis was still in the bidding as of Wednesday.


Angels To Sign C.J. Wilson
The Angels completed a deal with lefty C.J. Wilson, an executive who spoke to the team told Joel Sherman of the New York Post.


Corporate Tax Avoidance Cost States $42 Billion

Sixty-eight of the most consistently profitable Fortune 500 companies paid no state corporate income tax in at least one of the last three years, and 20 of the companies averaged a tax rate of zero or less from 2008-2010.

IRS Skirted Stimulus Procurement Rules

The Internal Revenue Service did not always follow the strict purchasing regulations required under the American Recovery and Reinvestment Act of 2009 when it spent the funds it received from the economic stimulus law, according to a new government report.

Small Business Optimism Holds Steady

Optimism among small business owners stayed relatively the same in November as in October, according to payroll provider SurePayroll.

Wednesday, December 7, 2011

NEWSWIRE

The Senate and the ’s tax-writing committees held a rare joint hearing on reforming the tax treatment of financial products such as derivatives.House

The Internal Revenue Service outlined the standards Tuesday for becoming an IRS-approved continuing education provider and accrediting organization.

Senior-level CPA executives are planning to increase their spending next year, but lingering pessimism about the pace of the recovery means they remain reluctant to expand hiring.

The Internal Revenue Service has been doing a better job of auditing small corporations in recent years, according to a new government report, but potential quality concerns remain.

The Internal Revenue Service has filed a $531,720 tax lien against supermodel Christie Brinkley.

Senate Majority Leader Harry Reid, D-Nev., offered Monday to compromise on how to pay for the payroll tax cut extension in an effort to convince more Republican lawmakers to vote for the bill.

The Internal Revenue Service has reportedly backed away from plans to heavily penalize U.S. citizens and dual citizens living in Canada who may have not paid all of their taxes.

The New York State Department of Taxation and Finance today announced a new option taxpayers can choose to receive their State income tax refunds. Beginning next year, a prepaid card will be available as an alternative to paper checks.




Friday, December 2, 2011

NEWSWIRE

Senate Fails to Pass Payroll Tax Cut Extension Bills

Senate Democrats and Republicans were unable to muster the necessary number of votes to pass two competing bills to extend the expiring payroll tax cut on Thursday night. 

 

Average Itemized Tax Return Fee Totaled $233 

The National Society of Accountants has found that the cost of preparing an itemized tax return average $233 across the country, but there was still variation in different parts of the country. 

 

NSA Advises Waiting until after April 15 to Take IRS Tax Prep Exams

The National Society of Accountants is recommending that tax preparers not rush to sign up for the Internal Revenue Service’s upcoming tax preparation compliance exams.

 

IRS Stuck with $153.3M in Undelivered Tax Refunds

The Internal Revenue Service said Wednesday that it has $153.3 million in undelivered tax refund checks waiting to be sent to 99,123 taxpayers across the country.

 

Tax Preparer Gets 6-Month Sentence

A New Jersey tax preparer was sentenced Wednesday to six months in prison for preparing false tax returns for numerous clients that resulted in an estimated tax loss to the federal government of between $30,000 and $80,000.

 

NYS Sales tax returns are due December 20

You must use Sales Tax Web File for your quarterly and monthly returns. See our video and demo to learn more. 

NYS Offer in compromise reform

Individuals seeking a fresh start from overwhelming tax debts may now be eligible for relief under our Offer in Compromise Program if they are facing an undue economic hardship. 

NYS Property tax and assessment administration information

Our site now includes property tax and assessment administration information for individuals, businesses, and government and researchers. We've merged our Web site with the Office of Real Property Tax Services site.

Do you owe back taxes? Our Voluntary Disclosure program allows eligible taxpayers to avoid penalties and possible criminal charges if they satisfy their tax obligations.
Press releases


Press releases


USCIS Redesigns Employment Authorization Document and Certificate of Citizenship to Enhance Security and Combat Fraud
State-of-the-art technology will deter counterfeiting, obstruct tampering, and facilitate quick and accurate authentication

USCIS Improves Processing for Naturalization and Citizenship Forms
Enhancements to Streamline Processing Begin Oct. 30, 2011

DHS Announces 18-Month Extension of Temporary Protected Status for Sudan and Designation for South Sudan
Current TPS Beneficiaries Also Granted Automatic Extension of Work Authorization 


USCIS Announces FY 2011 Grant Recipients During Constitution Week
Funding to Support Citizenship Preparation Programs in 27 States and the District of Columbia


Relief Provided to Thousands of Victims of Crimes
USCIS Achieves Significant Milestone - Approves 10,000 U-Visa Petitions for Second Straight Year