by usoftax_admin | Aug 15, 2024 | Tax News
An Alabama partnership asked the U.S. Tax Court to reverse an Internal Revenue Service adjustment that cut its roughly $52 million deduction for its donation of a conservation easement, saying, among other things, that the IRS defied the Administrative Procedure... by usoftax_admin | Aug 15, 2024 | Tax News
A Pennsylvania Court of Common Pleas correctly ruled that a school district did not violate the state’s uniformity clause when using a monetary threshold to decide which property tax assessments to appeal, the state Commonwealth Court affirmed Thursday. by usoftax_admin | Aug 15, 2024 | Tax News
A North Carolina partnership lied and hid details related to a fraudulent conservation easement donation for 2018, the Internal Revenue Service told the U.S. Tax Court, saying the partnership is wrong in claiming the IRS improperly slashed its almost $47 million... by usoftax_admin | Aug 15, 2024 | Tax News
Energy tax attorneys have been knee-deep in project finance deals for the past year since the Inflation Reduction Act of 2022 triggered a flurry of clean energy investments, but the work, they say, has been fulfilling as part of broader efforts to save the... by usoftax_admin | Aug 15, 2024 | Tax News
Businesses that think they improperly received COVID-era employee retention credits have another chance to apply for a voluntary disclosure program that could reduce their penalty and allow them to avoid future audits, penalties and interest, the Internal Revenue...