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February 7, 2012



IRS audits of higher income taxpayers increase...

Auto/ truck maximum values updated for 2012 cents-per-mile/fleet-average valuation...

Tax gap grows to $450 billion; compliance rate holds steady...

IRS eliminates tort test for exclusion of personal injury/sickness damages...

IRS relief for IRA owners entering into broker indemnification agreements...

AL - Diesel fuel sold to charter fishing boats exempt...

AZ - Procedures specified for requesting extensions to file withholding returns...

AR - Standard mileage rate revised for second half of 2011...

CO - Time adjustment required when using comparative sales data...

DC - All retirement account distributions taxed at highest rate...

FL - Floating interest rate remains at 7% for first half of 2012...

GA - Corporation not devoted entirely to charitable pursuits denied exemption...

ID - Forestland tax redesignations may be made in 2012...

IN - Extension guidance updated...

KS - Taxability of multistate direct mail transactions examined...

KY - Interest rates set for 2012...

LA - Ballot measure to prohibit new tax or fee on immovable property approved...

ME - 2012 withholding tables released...

MD - Emergency status provided for green energy regulations...

MA - Conference bridging service taxable...

MI - Filing requirement for federally disregarded entities extended further...

MN - Tax evasion involving recreational vehicles investigated...

MO - Taxability of textbooks included in tuition discussed...

NJ - Madoff victims entitled to refunds...

NY - Application for award of administrative costs denied...

NC - Guidelines issued on DOR's authority to adjust net income or require filing of combined return...

OH - InvestOhio program registration period begins...

OK - Attorney General addresses economic development plans involving tax revenue-based compensation...

PA - DOR updates bulletin on restricted credits...

WA - Taxability of insurers explained...

WV - Guidance on contractor entitlement to pass-through exemptions reissued...