Tax news from around the web: Jan. 29 – Feb. 2, 2018

Written on Jan 28, 2018

The new tax law has business owners rethinking their business strategy
Although there are still many unknowns about the tax law, some small-business owners have already figured out how they stand to gain from it and are changing their plans to maximize their benefits.

3 governors say they will sue feds over new tax law
The governors of New York, New Jersey and Connecticut said Jan. 26 they are forming a coalition to sue the federal government over the newly enacted tax overhaul that caps deductibility of state and local taxes.

A day late forecloses tax court hearing regardless of misleading IRS notice
When you miss deadlines in tax matters, the consequences vary. Sometimes it is "no harm, no foul", sometimes there is a mild financial penalty, sometimes there is a severe financial penalty. And then there is the Tax Court.

Tech Corner – Unprecedented Android spyware designed to listen in at selected places
A newly discovered variety of Android malware that Kaspersky Lab calls “one of the most powerful spyware tools that we have ever seen for this platform” can surreptitiously record audio when a device enters locations attackers choose, the security company warns.

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