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Teacher Not Entitled To Business Deductions, Tax Court Says

by usoftax_admin | Jul 25, 2024 | Tax News

A teacher who told the U.S. Tax Court that she had self-published six books and was passionate about conducting missing persons research was denied business deductions for the activities Thursday after the court determined she wasn’t primarily trying to turn a...

Ohio Board Incorrectly Calculated Land, Improvement Value

by usoftax_admin | Jul 25, 2024 | Tax News

An Ohio warehouse property had its land value incorrectly increased to $1.2 million, from $715,000, a state appeals court ruled Thursday after finding no evidence was presented that warranted a change in its value.

Pa. Dept. Urged To Review Concerns Over Biz Income Rule

by usoftax_admin | Jul 25, 2024 | Tax News

The Pennsylvania Department of Revenue should review stakeholders’ critiques of a proposed regulation that outlines what constitutes apportionable business income and meet with aggrieved stakeholders to ensure the regulation is consistent with state tax law, an...

Neb. Bill Resurrects Digital Ad Tax Plan In Special Session

by usoftax_admin | Jul 25, 2024 | Tax News

Nebraska lawmakers, calling for property tax relief in a special legislative session, resubmitted Thursday a proposal to fund property tax cuts with a tax on gross receipts from digital advertising services and by broadening the state’s sales tax regime.

NJ Justices Affirm Verizon’s Local Tax Bill On Equipment

by usoftax_admin | Jul 25, 2024 | Tax News

A Verizon entity must pay personal property tax on equipment at a switching station in a New Jersey borough, the state Supreme Court ruled Thursday, upholding lower court rulings that agreed with the town’s application of a law outlining when telephone companies...
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