10 Things that Cause Tax Audits of US Expatriates

"1. Not Reporting All Of Your Taxable Income. 2. Filling Out Forms 2555 Incorrectly. 3. Form 1116 (foreign tax credit) not done correctly. 4. Taking Higher Than The Average Deductions. 5. IRS Finders Fee Program. 6. Business Meals, Travel And Entertainment. 7. Claiming 100% Use Of Your Car For Business. 8. Large Cash Transactions. 9. Math Errors. 10. Failure to Properly Abandon your State Tax Domicile." Continue reading

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Ohio Lawsuit Seeks To Use Court Precedent To Shut Down Speed Cameras

"Earlier this month a Hamilton County, Ohio judge declared Elmwood Place in contempt of court for ignoring a ruling that found speed cameras to be an unlawful 'scam.' A group of lawyers is seeking to replicate that legal success by shutting down the automated ticketing machines in New Miami, a village of 2000 residents located twenty miles to the north, with a class action lawsuit filed on Friday, citing the March decision in the hope that a Butler County Court of Common Pleas judge would agree that the automated ticketing ordinance fails to provide adequate due process to vehicle owners that receive a ticket from Optotraffic demanding payment of up to $180." Continue reading

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Prices Fuel Outrage in Brazil; ’46 New Tax Rules Per Day’

"Brazil’s street protests grew out of a popular campaign against bus fare increases. Renting an apartment in coveted areas of Rio has become more expensive than in Oslo, the capital of oil-rich Norway. Soaring prices for basic foods like tomatoes prompted parodies of President Dilma Rousseff and her economic advisers. Inflation stands at about 6.4 percent, with many in the middle class complaining that they are bearing the brunt of price increases. Companies grapple with 88 federal, state and municipal taxes, a number of which are charged directly to consumers. The Brazilian authorities issue an estimated 46 new tax rules every day." Continue reading

Continue ReadingPrices Fuel Outrage in Brazil; ’46 New Tax Rules Per Day’

Experiment finds D.C. residents are the least honest Americans

"George Washington famously said he could not tell a lie, but people in the city that bears his name don’t seem to feel so conflicted. One in five in the US capital failed to drop a suggested $1 in an honor box when they helped themselves to tea at unmanned kiosks set up by Honest Tea, a beverage company. In a statement, Honest Tea said it set up 61 such kiosks around the country, including at least one in every state plus the District of Columbia, over 11 days in July. The most honest folks were in Alabama and Hawaii, where everyone paid without exception, followed by Indiana and Maine with a 99 percent honesty score." Continue reading

Continue ReadingExperiment finds D.C. residents are the least honest Americans

Tax watchdog: IRS travel costs are ‘excessive’

"A handful of Internal Revenue Service officials spent most of their time traveling for work in 2011 and 2012 and amassed thousands of dollars in seemingly excessive costs for transportation, hotels and meals, the tax-collecting agency’s watchdog said in a report on Tuesday. 12 IRS officials claimed more than $60,000 a year in travel expenses for fiscal year 2011 and nine executives surpassed that figure in 2012, mostly in travel to Washington, said the Treasury Inspector General for Tax Administration (TIGTA), the IRS watchdog. Some executives traveled for more than 80 percent of their working days in the past two years, the report said." Continue reading

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Florida Study Documents Shortened Yellows At Camera Intersections

"An investigative reporter's claim that Florida cities have been exploiting shortened yellow times at red light camera intersections has been vindicated by a report commissioned by the city of St. Petersburg. WTSP-TV's Noah Pransky has been documenting timing shortfallsthroughout the region since last month, and a new report by the engineering firm Kimley-Horn and Associates confirms several of St. Petersburg's photo enforced intersection approaches fail to meet the minimum specified under state law. They found half of the photo enforced intersections had problems with shortened yellows. As of March, 47,715 tickets worth $7,538,970 have been issued." Continue reading

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Federal Government Consummates Theft of “Camp Zoe” in Missouri

"Rush Limbaugh’s net worth is estimated to be in excess of $400 million, and his annual income more $30 million. He owns several homes and a number of private aircraft. He was certainly a ripe target for prosecution and 'asset forfeiture' – or he would have been, had he been a commoner like Jimmy Tebeau, rather than the politically connected grandson of retired federal Judge Rush Hudson Limbaugh Sr., whose name is affixed to the courthouse where the entertainer’s cousin consummated the theft of Tebeau’s business and property." Continue reading

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California City Retreats From Red Light Camera Referendum

"City leaders in Riverside, California are backing off the promise made last November to allow residents to make the call about whether to keep or eliminate red light cameras. The city council votes later today on a staff recommendation to pull the plug on the public vote. The city has already postponed the ballot measure that was to be considered in June." Continue reading

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Levi Chavez, ex-New Mexico police officer, acquitted of wife’s murder

"A jury acquitted Levi Chavez of murdering his wife and trying to make the hairdresser's death look like a suicide. Prosecutor Bryan McKay, who told jurors during closing arguments that Chavez used his department-issued gun to commit 'cold-blooded, calculated, planned-out murder,' declined to comment after the verdict. A wrongful death lawsuit from the family of Tera Chavez alleges the former officer killed his wife to keep her from disclosing an alleged staged theft of a truck for insurance money. Chavez acknowledged having a string of mistresses, searching a website on how to kill someone with martial arts moves, and ignoring his wife's calls for help." Continue reading

Continue ReadingLevi Chavez, ex-New Mexico police officer, acquitted of wife’s murder

80% dip in India gold imports linked to rampant smuggling

"Customs officials recently apprehended a gold consignment at Delhi's IGI Airport coming from Dubai where the smuggler had converted gold bars into staple pins with silver coating. These pins were stapled on the boxes of TVs he was legally importing. In another case, DRI officials apprehended a consignment where capacitors of picture tubes of TV sets were made of gold. 'Unless you have specific information you can't catch such consignments. Who would break open a TV and look at the capacitor of its picture tube for smuggled gold. Though we have had good success, we believe a lot of consignments are finding their way into the country,' said the officer." Continue reading

Continue Reading80% dip in India gold imports linked to rampant smuggling