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Tax News on the Net


Tax Audits of Big Business Are Declining, Study Says 
 http://www.nytimes.com/2010/04/12/business/12audit.html?ref=business

 Are big businesses really escaping being audited or are they just more honest or effective at filing error free returns?  As Study by the Transaction Records Access Clearinghouse argues the form while the IRS defends its position based on the latter argument.  Who’s right?  We probably will never know.

 

Smart Tax Strategy: Remember Muni Bonds
 http://www.cnbc.com//id/36325179

Investing in Municipal Bonds might be better than investing in stocks.  According to a CNBC article, which reminds us that home state bonds are unaffected by federal and state taxes and the Medicare surtax, investors might be better with munis because they will otherwise have to reduce healthy stock market returns by the new government taxes that are being introduced.  

Cheers,

Marsha Henry

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