by usoftax_admin | Aug 2, 2024 | Tax News
Food and beverage packaging company Pactiv Evergreen has said it shouldn’t have to repay the state of North Carolina $12 million in economic incentives after it shut down a local mill, arguing the underlying agreement is contradictory and the state is purely out... by usoftax_admin | Aug 2, 2024 | Tax News
The Internal Revenue Service mischaracterized installment sales as potentially abusive tax shelters in last year’s rule proposing additional reporting requirements for such deals, an Idaho capital assets dealer told a federal district court. by usoftax_admin | Aug 2, 2024 | Tax News
Two vacant parcels in Colorado were correctly classified as residential, the Colorado Court of Appeals said, upholding a state assessment board finding that the parcels were used in conjunction with an adjoining residential parcel. by usoftax_admin | Aug 2, 2024 | Tax News
Defunct real estate firm HFZ Capital Group pled guilty in an $86 million criminal case Friday, admitting that its former top executive Nir Meir evaded New York City property taxes and stole funds from commercial and residential building projects. by usoftax_admin | Aug 2, 2024 | Tax News
A Colorado rehabilitation hospital should be classified as a commercial property for tax purposes because it was predominantly designed for its services and not for residency, a state appeals court said, reversing a state assessment board.