Archive for April, 2009



Procrastinating on filing return can invite heavy hand of tax man
The Gazette (Montreal), Canada
The Gazette welcomes reader questions on tax and investment matters. If you have a query you'd like addressed in this column, please send it to Paul Delean, Montreal Gazette Business Section, Suite 200, 1010 Ste. Catherine St. W., Montreal, Que.,


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Councilor liens on Boston to settle tax cases
Boston Herald, United States
All told, some 916 unresolved tax lien cases - spanning the 1900s and worth a combined $9.7 million - are languishing in legal limbo, even as the city prepares to lay off 565 workers, including 212 teachers and classroom aides.
City Council explores options on back taxes Boston Globe
all 2 news articles


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$540m Tassie racing pledge
Tasmania Mercury, Australia
Citi Investment Research said the “sweetener” would send TOTE's price tag soaring from an expected $100 million to more than $300 million. But it leaves the Government committed, in a legally binding deed, to finding $27 million a year from the Budget


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Sacramento companies land on state's list of largest tax debtors
Bizjournals.com, NC
AKA Industries of Sacramento had a $241193 state tax lien filed against it on May 21, 2003. The FTB sent letters in October to 1000 people and businesses who stood a chance of making the list. The FTC reports that it collected about $14 million in


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Hanesbrands Inc. Reports First-Quarter 2009 Results
MarketWatch (press release)
other expenses, and the tax effect on these items. See Table 4 for details and reconciliation with reported operating results consistent with generally accepted accounting principles.) In March, Hanesbrands announced that it amended its first-lien


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are these tax lien sales worth investing in and can i make some good money doing it?

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Dallas City Council candidates Brint Ryan and Ann Margolin in spat
Dallas Morning News, TX
The IRS rejected his appeal, then filed a tax lien against his Dallas home in January so he'd pay the taxes, Ryan said, noting that he paid the bill in full immediately and had the majority of the disputed money returned to him.


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Tax on selling ESOP back to company
Sify, India
The quantum exempt will be the entire capital gain if the investment is more than or equal to the net consideration. The exemption will be the investment multiplied by the capital gain and divided by net consideration, if the amount invested is less


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Fair Game A Reality Check on Mortgage Modification
New York Times, United States
Another perverse incentive that the bill would create involves the problem of conflicting interests among investors who own the first mortgage on a property and holders of the second liens. First liens of any kind take priority and are supposed to be


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Baldwin Bro — Dirty, Sexy Unpaid Money
TMZ.com, CA
We've obtained a tax lien, filed last month, showing the couple owes The State $39561.79 from 2007. He ain't the only celebrity in the hole to CA — Snoop owes $284k and Xzibit owes a more than half a mil. 1. First of all, that's a pic of STEPHEN


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