by usoftax_admin | Mar 14, 2025 | Tax News
The Internal Revenue Service didn’t do anything wrong when it rejected a California couple’s offer to settle more than $235,000 in tax liabilities for less than half that amount, the U.S. Tax Court said Friday, noting the couple had more than $1 million in... by usoftax_admin | Mar 14, 2025 | Tax News
Arizona would expand its transaction privilege and use tax exemptions for aircraft communication instruments and tools used to maintain an aircraft to general aviation aircraft under a bill passed in the state Senate. by usoftax_admin | Mar 14, 2025 | Tax News
A private prison operator with facilities in Texas was correctly denied a sales tax exemption granted to government agencies or instrumentalities of the state, the Texas Supreme Court ruled Friday. by usoftax_admin | Mar 14, 2025 | Tax News
Hogan Lovells, Reed Smith and Paul Weiss guided Franklin BSP Realty Trust’s $425 million acquisition of commercial real estate finance company NewPoint Holdings JV LLC, boosting the REIT’s multifamily loan offerings. by usoftax_admin | Mar 14, 2025 | Tax News
Taxpayers in six West Virginia counties will have until Nov. 3 to file individual and business tax returns and make payments after portions of the state were hit by severe storms in February, the Internal Revenue Service said Friday.