by usoftax_admin | Jul 16, 2024 | Tax News
A Virginia man was wrongly assessed income tax for services he conducted while living in India, the state’s tax commissioner said in a letter ruling published Tuesday. by usoftax_admin | Jul 16, 2024 | Tax News
A Connecticut contractor was ordered to pay a $1.75 million fine for evading federal corporate and individual income taxes from 2006 through 2010, the U.S. Department of Justice announced Tuesday. by usoftax_admin | Jul 16, 2024 | Tax News
The Florida Department of Revenue should issue Capital One Bank a refund of bank franchise tax because the company did not have a sufficient connection to the state to be assessed the tax, the bank told a state court. by usoftax_admin | Jul 16, 2024 | Tax News
A vacant hospital’s parking area in Pennsylvania was properly valued at $23.2 million, the state Commonwealth Court ruled, finding that a trial court had the discretion to apply the sales comparison approach to the valuation. by usoftax_admin | Jul 16, 2024 | Tax News
The D.C. Circuit upheld Tuesday the U.S. Tax Court’s dismissal of a Mississippi man’s case seeking review of the denial of his whistleblower claim for 30% of the revenue collected by an Internal Revenue Service offshore voluntary disclosure program.