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Archive for May, 2015

After-tax life

After-tax life

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Sales tax holiday break wins OK from the Louisiana House
Suspension of the sales tax holidays would generate an estimated $ 4.5 million. “It's everybody putting a little bit in the pot to get us over this hill,” said state Rep. Jack Montoucet, D-Crowley. House Concurrent Resolution 15 suspends a general sales …
Read more on The Advocate

Kansas revenue chief relays veto threat on business taxes
Brownback proposed Saturday that the state modify the policy to raise $ 24 million during the next fiscal year. Legislators are considering business-tax proposals raising as much as $ 101 million. Jordan twice told GOP senators that Brownback would veto …
Read more on Albany Times Union

Kilgore to return 0K in sales tax overpayments to state
A company misreported information to the state from 2007 to 2011, but by 2011, that company had stopped remitting sales taxes to Kilgore. Selleck said the comptroller's office cannot release more details about the mistake, including the name of the …
Read more on Longview News-Journal

IRS starts 2015 tax season, opens free file and e-file
Taxpayers who purchase their own software can also choose e-file, and most paid tax preparers are now required to file their clients' returns electronically. In addition to Free File, commercial software companies also are currently available for …
Read more on Cape Gazette

2 Singapore cases highlight free speech limits
… of teen video blogger Amos Yee and independent news and opinion website "The Real Singapore" have focused attention on free speech limits, and perhaps the next election, in this cosmopolitan but famously strict city-state. (AP Photo/Wong Maye-E, File).
Read more on East Oregonian (subscription)

Contract for SCC technology overhaul mired in court fight
CGI: Revenue management system and the electronic tax filing for the Virginia Department of Taxation, and the e-file system for the State Corporation Commission. PCC: Has not worked in Virginia, but a company spokesman says PCC is an approved vendor …
Read more on Richmond.com

Washington, DC (PRWEB) September 30, 2014

Earlier this year, a U.S. district court sentenced Ty Warner, the creator Beanie Babies, to two years’ probation for tax evasion. Mr. Warner had earlier pled guilty to criminal charges for not declaring offshore Swiss accounts and paid $ 53 million to the U.S. government as part of his settlement, along with $ 27 million in back taxes. [DOJ Press Release at 1.usa.gov/1t2P0NA. Jan 14, 2014]

The Department of Justice (DOJ) is now appealing the sentence of probation without jail time.

[U.S. v. Warner, U.S. Court of Appeals for the Seventh Circuit, Docket No. 14-1330.]

Kevin E. Thorn, Managing Partner of Thorn Law Group, explains, “It can be argued that the federal government is out to make an example of Ty Warner by appealing his sentencing and re-questing prison time.” Thorn anticipates the DOJ is “signaling to all U.S. taxpayers that the U.S. government takes failure to disclose offshore accounts seriously and will continue to seek jail time for those who have been hiding assets and accounts overseas.” Thorn also notes, “The federal government has many ways of finding out information about U.S. taxpayers with undisclosed overseas accounts, – one of the new ways is through the Foreign Account Tax Compliance Act, “FATCA”. Under FACTA, foreign banks and financial asset managers – including brokers and trustees – are required by law to disclose the accounts that belong to Americans who have undisclosed overseas accounts valued at more than $ 50,000. [See, http://www.irs.gov/fatca.]

Kevin E. Thorn, states, “United States Taxpayers with undisclosed offshore accounts should come forward and get back into compliance immediately by entering into the IRS’s Offshore Voluntary Disclosure Program.” He points out, “The penalty for not disclosing offshore accounts can be devastating; “adding”, U.S. Taxpayers with undisclosed foreign bank accounts should also be aware that once the DOJ and the IRS obtain the identities of those U.S. Taxpayers with hidden foreign accounts in overseas banks, the federal government will not allow those account holders to enter into the IRS’s Offshore Voluntary Disclosure program, the IRS and DOJ may prosecute them instead, or seek maximum civil penalties.

Mr. Thorn also notes, “The risk of financial penalties for a U.S. taxpayer with undisclosed off-shore accounts is becoming a certainty, and now the federal government also wants to push for prison time for violators of these U.S. tax laws.” Thorn recommends that U.S. citizens with un-disclosed overseas accounts contact an experienced tax attorney as soon as possible in order to discuss their rights and options. Thorn further explains, that “U.S. taxpayers with undisclosed overseas accounts should not take any more chances of being penalized and possibly imprisoned.

U.S. taxpayers with undisclosed overseas accounts who are concerned about the legal risks should talk to a tax attorney at Thorn Law Group as soon as possible for guidance and advice about the IRS’ Offshore Voluntary Disclosure Program (OVDP).

For additional information on the news that is the subject of this release, contact Kevin E. Thorn, Managing Partner of Thorn Law Group at 202-270-7273 or visit us at http://www.thorntaxlaw.com/.

About Thorn Law Group, PLLC: Thorn Law Group, PLLC is a law firm dedicated to helping cli-ents resolve complicated tax, criminal tax, and international tax problems.


Kevin E. Thorn

Managing Partner Thorn Law Group, PLLC



Mount Airy, Maryland (PRWEB) May 21, 2015

Century of Mt. Airy, the leading Ford, Chrysler, Dodge, Jeep and Ram dealer in Maryland, is throwing the largest Memorial Day Tent Sale ever this Memorial Day weekend at the Mt. Airy Carnival Grounds. This spectacular event starts Thursday, May 21, and runs through Monday, May 25. Consumers planning on buying a new or used vehicle can’t afford to miss these savings. The vast selection of over 400 Ford, Chrysler, Dodge, Jeep, Ram and Commercial vehicles will be priced lower than ever. Vehicles for every budget and lifestyle – Century of Mt Airy has it all. Family minivans, work trucks, stylish sedans, muscle cars, convertibles, electric & hybrid, off road ready Jeeps and more all at drive home prices. The Century Memorial Day Tent Sale will also host the largest selection of commercial trucks and fleet vehicles on display in the area. For those who love adventure there will be a large selection of customized and lifted 2015 Jeep Wranglers by the Century Jeep Off Road Shop.

Century Memorial Day Tent Sale savings include ***0% financing for 72 months on select vehicles. Rebates up to $ 2,000. That’s savings up to $ 7,000 in finance charges alone. No payments for 90 days. Total savings up to *$ 10,000 off MSRP. +$ 750 Military rebate for active, retired and veterans.

The Tent Sale also has the finest selection of Used Cars on one lot. Century Certified pre-owned vehicles have already built a reputation for being exceptionally clean vehicles and sound purchases at affordable prices. Exclusively for this event, Century will have over 75 Century Certified pre-owned vehicles at the Mt. Airy Carnival Grounds starting at **$ 7,000. These exceptional vehicles are as close to being new as it gets. Century vehicle buyers will be present, offering top dollar for trades.

This event literally brings the community together and ensures that vehicle buyers are not only getting the best price but also the best service from an auto group that can be trusted. Consumers are invited to come out, bring the family and drive home their Century vehicle.

Century of Mt Airy is a Mt Airy, Maryland, locally-owned and operated family of dealerships that has been serving the Washington/Baltimore corridor and surrounding counties for over 30 years. Century prides itself on pairing the right car with the right customer, and strives to always exceed expectations. Whether buying a vehicle to travel back and forth to work, taxi for kids football games or a road adventure, Century is truly “your dealer for life.”

For live video updates and to watch videos on Century Tent Sale vehicles, consumers can check out Century’s online TV Station, Century TV!

*$ 10,000 off vehicle  C158300. MSRP $ 70,265. Sales price $ 59,988.

Price includes all rebates. Plus tax,tags destination and a $ 300 processing fee.

See dealer for details. ***0% for 72 months on select Ford vehicles on approved credit from

Ford Motor Credit. All sale prices include rebates exclude destination,

taxes, tags and a $ 300 processing fee. **All sale prices include rebates exclude destination,

taxes, tags and a $ 300 processing fee. +See dealer for full details.

Mt. Airy Carnival Grounds:

1003 Twin Arch Rd, Mt. Airy, MD 21771 United States

For more information, please contact:

Joe DeGiorgi, Managing Partner Century of Mt. Airy

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