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Colo. Woman Accused Of Tax Crimes Must Keep GPS Monitor

by usoftax_admin | Feb 5, 2024 | Tax News

A woman indicted on charges of evading $2 million in taxes must continue wearing her ankle monitor as a condition of release, a Colorado federal court ruled, after the U.S. government noted that she has a permit to work in Dubai.

High Court Case Could Reshape Local Development Fees

by usoftax_admin | Feb 5, 2024 | Tax News

If last month’s oral arguments are any indication of how the U.S. Supreme Court will rule in Sheetz v. County of El Dorado, it’s unlikely the justices will hold that the essential nexus and rough proportionality tests under the cases of Nollan, Dolan and...

Tax Court Sustains 12 IRS Determinations Against Couple

by usoftax_admin | Feb 5, 2024 | Tax News

An Arkansas couple are liable for more than $800,000 in unpaid taxes and penalties after they failed to make a convincing case against Internal Revenue Service determinations, the U.S. Tax Court said Monday.

Okla. Gov. Calls For Income Tax Cuts

by usoftax_admin | Feb 5, 2024 | Tax News

Oklahoma should cut its personal income tax rate and any other taxes the Legislature sees fit, the governor said in his State of the State address Monday.

Tax Court Unswayed By Man’s Estoppel Claims In $13M Suit

by usoftax_admin | Feb 5, 2024 | Tax News

A California man is liable for more than $13 million after failing to prove that the Internal Revenue Service does not meet the requirements to recast a certain transaction, the U.S. Tax Court ruled Monday.

Ala. Net Tax Collections Through January Up $38M

by usoftax_admin | Feb 5, 2024 | Tax News

Alabama collected $38.4 million more in revenue from October through January than in the same period last fiscal year, according to a report by the state Department of Revenue.
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