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NY High Court To Review Tax On Co.’s Ad Analysis Services

by usoftax_admin | Jun 20, 2024 | Tax News

New York’s highest court agreed Thursday to hear a research company’s appeal of a lower court’s finding that its services that measure the effectiveness of advertising campaigns constitute taxable information services.

Ind. Rental Property Value Incorrectly Increased, Board Says

by usoftax_admin | Jun 20, 2024 | Tax News

An Indiana rental property’s assessment will be reduced to its value from a previous tax year because the local assessor’s market-based rent analysis failed to support an increased valuation, the state tax review board determined.

Tomato Cos. Can’t Take Immediate Deductions, 9th Circ. Told

by usoftax_admin | Jun 20, 2024 | Tax News

Two companies that supply 40% of the U.S.’ tomato paste and diced tomatoes should not be allowed to deduct costs of restoring their production facilities before the actual restoration occurs, the IRS told the Ninth Circuit on Thursday in urging it to uphold a...

EU Court Rejects Co.’s Portuguese Tax Breaks Appeal

by usoftax_admin | Jun 20, 2024 | Tax News

An appeal contesting a European Commission decision against a Portuguese tax exemption scheme was rejected by the European General Court, which found a Panama-based food company unable to prove why recovering the illegal state aid should be prohibited.

Online Photos Not Proof Of Taxable Sales, Miss. Justices Told

by usoftax_admin | Jun 20, 2024 | Tax News

A Mississippi trial court erred in ruling that a couple’s yard sale transactions were taxable as the decision relied upon Facebook photos used by the state tax department as evidence, the couple told the state Supreme Court.
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