New Jersey lost almost 88,000 taxpayers with income of $5.5 billion to other states in 2010, according to a report by RegentAtlantic Capital LLC, a Morristown-based investment adviser, citing Internal Revenue Service data.
A California businessman stole DuPont Co. trade secrets for a Chinese Company, prosecutors told jurors in San Francisco as they are set to deliberate in a case that’s part of a U.S. crackdown on industrial espionage to benefit China.
The U.S. Internal Revenue Service lacks authority to regulate paid tax preparers, a federal appeals panel said, upholding a lower-court ruling throwing out licensing rules for as many as 700,000 practitioners.
The U.S. Justice Department is appealing the sentence of H. Ty Warner, the billionaire creator of Beanie Babies plush toys who got probation, not prison, for evading taxes on money hidden in a Swiss bank account.
Same-sex married couples will receive many of the same federal legal protections and benefits as their opposite-sex counterparts under Justice Department guidelines to be issued tomorrow, Attorney General Eric Holder said.