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Calif. Man Must Pay $230K In FBAR Penalties After Default

by usoftax_admin | Mar 7, 2025 | Tax News

A federal court ordered a Californian accused of withholding reports of his Swiss bank accounts from the Internal Revenue Service to pay more than $230,000 after awarding the U.S. government a default judgment.

Ohio Auditor Unlawfully Filed Complaint Over District’s Value

by usoftax_admin | Mar 7, 2025 | Tax News

An Ohio county auditor unlawfully filed a complaint to change the assessed value of properties owned by a water conservancy district, and the county’s board of revision didn’t have the jurisdiction to rule, the state Board of Tax Appeals ruled. 

Kan. House Approves Limits On Property Tax

by usoftax_admin | Mar 7, 2025 | Tax News

Kansas would limit the taxable valuation of real property and would create a property tax funding limit through protest petition under two measures passed in the House of Representatives on Friday.

Md. Panel Wants More Info On Digital Ad Tax Appeal Bill

by usoftax_admin | Mar 7, 2025 | Tax News

A proposal for an administrative appeals process for Maryland’s digital advertising tax hit a delay Friday as a legislative panel asked how the measure would affect several ongoing court cases concerning the tax.

Kansas Tax Collection Through Feb. Beat Estimates By $216M

by usoftax_admin | Mar 7, 2025 | Tax News

Kansas’ tax collection from July through February outpaced forecasts by $216 million, according to a report from the state’s Division of the Budget.
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