by usoftax_admin | Jul 24, 2024 | Tax News
A personal injury lawyer who also races cars shouldn’t be allowed to deduct about $300,000 for racing-related costs as ordinary business advertising expenses because they’re unrelated to his law practice, the U.S. government told the Tenth Circuit on... by usoftax_admin | Jul 24, 2024 | Tax News
The U.S. Senate set the stage Wednesday for the chamber to proceed with votes on two of President Joe Biden’s picks for U.S. Tax Court seats. by usoftax_admin | Jul 24, 2024 | Tax News
With better facts and greater emphasis on the Kentucky Constitution, Walgreen Co. may succeed in its latest Kentucky Court of Appeals challenge to a tax assessor’s method of valuing leaseholds on real property for purposes of determining ad valorem tax, say Mark... by usoftax_admin | Jul 24, 2024 | Tax News
The upper house of Nigeria’s Parliament passed an amendment to its finance bill that included a 70% one-time levy on banks’ foreign exchange gains, an increase over the 50% rate originally proposed by the country’s president. by usoftax_admin | Jul 24, 2024 | Tax News
A Michigan car wash was correctly valued at $4.4 million, the state Tax Tribunal said after rejecting the property owner’s argument that the value should be reduced due to functional obsolescence.