by usoftax_admin | Sep 28, 2023 | Tax News
An Indiana printing business was correctly denied a sales tax refund on its electricity purchases because it was unable to prove that it bought its electricity from a public utility and paid taxes on the transaction, the Department of State Revenue said. by usoftax_admin | Sep 28, 2023 | Tax News
The value of an Ohio motel property was best determined at $35 million, the price paid during the most recent sale of the property, the Ohio Court of Appeals affirmed Thursday. by usoftax_admin | Sep 28, 2023 | Tax News
A Missouri Menards home-improvement store was properly valued at $17.7 million because the owner failed to provide a better method of valuation, the state Tax Commission ruled. by usoftax_admin | Sep 28, 2023 | Tax News
An Indiana man was correctly assessed additional state income tax after his adjusted federal income was increased due to unreported retirement income, the Department of State Revenue said in a letter of finding. by usoftax_admin | Sep 28, 2023 | Tax News
A Missouri-based car dealership and auto repair shop were correctly valued at a total of $3.5 million, the state tax commissioner ruled, finding that the income and sales comparison valuation approaches used by the companies were unpersuasive. by usoftax_admin | Sep 28, 2023 | Tax News
New York state must recompute real property tax credits that passed through to two couples who were S corporation shareholders, the state Tax Appeals Tribunal affirmed in a ruling released Thursday, saying the state was wrong about how an acquisition affected the...