Plante & Moran, PLLC is encouraging its accountants and staff to bring their children to work on Saturdays during tax season, a tradition the firm has practiced for almost 20 years. The certified public accounting and business advisory firm offers free Saturday daycare in 11 of its Midwest offices – including Grand Rapids – during the height of tax season. Children ages 6 months to 18 are welcome to attend the drop-in program, which offers games, crafts, snacks, activities, movies – and an opportunity to enjoy lunch with Mom or Dad. [P&M]
Related Posts
Don’t Worry, the IRS isn’t Getting Too Soft
- Caleb Newquist
- July 24, 2009
In 2004, Congress wanted to lay the smackdown on individuals and entities using tax shelters. In order to scare the beejesus out those thinking about the practice, Congress enacted penalties of $100,000 for individuals and $200,000 for entities per non-disclosure to the IRS.
Problem is, Congress, who often pulls out the jump to conclusions mat, didn’t give the IRS any discretion on enforcement so Mom & Pop (who often don’t have kids) shops were getting hammered with fines they couldn’t pay:
In one case cited by the Small Business Council of America, a husband and wife followed the advice of a consultant and set up a limited liability company and Roth individual retirement accounts. When the IRS challenged the way the transactions were done and found income tax deficiencies of $6,812, it was required to impose a penalty of $1.2 million.
The IRS figured that maybe, just maybe, this wasn’t really working the way it was intended and has suspended the collection of fines in order to make the penalties more proportional. Not to worry though, the IRS hasn’t decided whether or not apply the changes retroactively and are only suspending the fines until September 30. They wouldn’t want to tarnish their image as faceless cold-blooded bureaucrats.
IRS Halts Fine Linked To Tax Shelters [WSJ]
Share this:
Wesley Snipes May Still Be Able to Get Back into the Vampire Game
- Caleb Newquist
- June 26, 2010
If it wasn’t for WS, there would be no vampire craze. Sure the last Blade film was six years ago. And sure the first in the series was twelve years ago but it doesn’t mean the man still didn’t start the popularization of bloody-thirsty, sexy undead types.
However, this prison sentence thing hanging over his head has probably made him a bit of a liability. But thanks to some crafty lawyering, he’s been able to stave off the joint long enough to catch a bit of luck.
Since Ponzi-schemer-to-the-stars Kenneth Starr has been outed as a complete shame (not to mention a complete wuss) Wes can get back to the business of making truckloads of cash in this bloodsucking phenomenon:
A federal appeals panel is considering whether the arrest of actor Wesley Snipes’ former financial adviser could pave the way for a new trial on tax evasion charges.
Snipes was convicted and sentenced to three years in prison in 2008, but his attorneys asked the 11th U.S. Circuit Court of Appeals in Atlanta to allow a new request to dismiss the movie star’s conviction or grant him a new trial.
The motion centers on the arrest of Kenneth Starr, the one-time financial adviser to Snipes and other celebrities.
He was a key witness in Snipes’ 2008 trial but was charged in May with securities fraud worth $59 million.
Federal panel considers Wesley Snipes’ appeal [AP]
Share this:
A Short List of Things Donald Trump Has Said About Releasing His Tax Returns
- Caleb Newquist
- February 22, 2016
As noted in the roundup this morning, the Wall Street Journal editorial page, never one […]