by usoftax_admin | Dec 20, 2024 | Tax News
Recently proposed rules for previously taxed earnings and profits aren’t able to be relied on by taxpayers until they are finalized because they contain new approaches that have to be properly vetted through a notice and comment period, an IRS official said... by usoftax_admin | Dec 20, 2024 | Tax News
A Michigan tax panel “rubber-stamped” a city’s $16.5 million valuation of an apartment complex, the state appeals court found, saying questions of fact remained on the city’s consideration of the property’s purchase price. by usoftax_admin | Dec 20, 2024 | Tax News
Over the past year, federal courts have issued decisions further delimiting the power of the Internal Revenue Service, with the First Circuit affirming a decision to allow agency summonses for cryptocurrency account records and an Arizona federal court rejecting a... by usoftax_admin | Dec 20, 2024 | Tax News
A gift card company will pay nearly $4.4 million for helping a retailer wrongly keep unused gift card funds belonging to New York residents, the state attorney general said Friday. by usoftax_admin | Dec 20, 2024 | Tax News
A Michigan municipality should not have boosted the assessment of a property by adding in the value of a third duplex it had erroneously omitted from its tax rolls, the state appeals court said, reversing a state tax panel.