Recent Updates

  • No Change in Interest Rates for the 2007

    No Change in Interest Rates for the 2007

    Lawyer News 12/13/2006

    The Internal Revenue Service today announced there will be no change in the interest rates for the calendar quarter beginning January 1, 2007.  The interest rates are as follows: -  eight (8) percent for overpayments [seven (7) percent in t...

  • CA accountant barred from operating tax scheme

    CA accountant barred from operating tax scheme

    Lawyer News 12/09/2006

    [##_1L|1177299369.jpg|width="180" height="142" alt=""|_##]WASHINGTON – A federal judge in Los Angeles has permanently barred Stephen Drake of Prescott, Ariz., and Kenneth Sorenson of Buellton, Calif., from promoting or operating an alleged tax frau...

  • Fla. Court Shuts Down Promotion of Tax Schemes

    Fla. Court Shuts Down Promotion of Tax Schemes

    Lawyer News 11/22/2006

    A federal court in Tampa, Fla. has permanently barred David Marvin Swanson of Sarasota from promoting an illegal tax fraud scheme that involves sham trusts and limited liability companies, the Justice Department announced today. The court found that ...

  • 2007 Changes Widen Tax Brackets, Expand Benefits

    2007 Changes Widen Tax Brackets, Expand Benefits

    Lawyer News 11/09/2006

    WASHINGTON — Personal exemptions and standard deductions will rise, tax brackets will widen and income limits for IRAs will increase in 2007, thanks to inflation adjustments announced today by the Internal Revenue Service.By law, the dollar amounts...