by usoftax_admin | Jul 24, 2024 | Tax News
Chicken Soup for the Soul Publishing LLC settled its appeal of a nearly $143,000 Ohio commercial activity tax assessment, ending a case in which it alleged that a federal law that limits state taxes on net income protected certain gross receipts from tax. by usoftax_admin | Jul 24, 2024 | Tax News
A Florida federal court upheld a $15 million immediate tax assessment against a man who transferred his father’s estate into trusts for himself and his mother and refused to pay what the IRS claimed was tax debt on his father’s undisclosed offshore... by usoftax_admin | Jul 24, 2024 | Tax News
An Ohio chicken farm was overvalued by the local tax board, the state board of tax appeals said, after taking into consideration an appraisal by the owner that valued the property based on its special use as a hatchery. by usoftax_admin | Jul 24, 2024 | Tax News
The Internal Revenue Service detailed standards and procedures Wednesday for a written report on a carbon sequestration facility’s greenhouse gas emissions that project owners must submit and get agency approval on before claiming the carbon oxide tax... by usoftax_admin | Jul 24, 2024 | Tax News
The Michigan Court of Appeals properly ruled that insurance companies that are part of Nationwide should file their taxes as a unitary group, the company told the appeals court, saying the state Treasury Department’s request for reconsideration should be...