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AbbVie Asks Court To Compel IRS Docs For $1.6B Dispute

by usoftax_admin | Sep 13, 2023 | Tax News

The D.C. District Court must compel the Internal Revenue Service to fulfill multiple Freedom of Information Act requests for documents relevant to the agency’s $1.6 billion tax dispute with AbbVie, the pharmaceutical giant said in a new action.

Cloud Co.’s Lack Of Tax Expertise Hurt Investors, Suit Says

by usoftax_admin | Sep 13, 2023 | Tax News

Cloud computing technology company DigitalOcean Holdings Inc. was hit with a proposed class action by investors who allege that the company concealed ineffective financial controls and later admitted it did not possess the expertise to evaluate complicated tax...

La. Marketplace Facilitators Must Collect Tax, Notice Says

by usoftax_admin | Sep 13, 2023 | Tax News

Marketplace facilitators that do business in Louisiana must collect tax on sales made through their platforms regardless of whether the seller or facilitator has a physical presence in the state, a final bulletin said.

Detroit Mayor Links Fighting Blight With Property Tax Cuts

by usoftax_admin | Sep 13, 2023 | Tax News

The Detroit mayor’s plan to lower property taxes for most homeowners — while, he said, fighting blight in the city — would be addressed by five bills that a Michigan House panel discussed Wednesday.

RI Taxpayer Owes Use Tax For Truck Purchases, Division Says

by usoftax_admin | Sep 13, 2023 | Tax News

A man is liable for use tax on two trucks bought in Rhode Island, the state Division of Taxation ruled in an administrative decision, finding he could not be considered a nonresident of the state in the years he bought the trucks.

Hotelier Owes $200K In Error Penalties, Tax Court Rules

by usoftax_admin | Sep 13, 2023 | Tax News

A real estate investor is liable for nearly $200,000 in accuracy-related penalties after improperly depreciating a hotel property, the U.S. Tax Court ruled Wednesday.
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