by usoftax_admin | Mar 7, 2025 | Tax News
In a statement Friday, CEO Mark Koziel, CPA, CGMA, said the AICPA is discussing the state of the IRS with agency officials in the wake of layoffs. “A modern, functioning IRS is essential for Americans to meet their tax obligations,” the statement said. by usoftax_admin | Mar 7, 2025 | Tax News
The city of Grand Rapids, Michigan, is looking to push into federal court a state lawsuit filed by cannabis companies looking to upend the fees, fines and residency requirements of the municipality’s social equity program, arguing Friday that their claims all... by usoftax_admin | Mar 7, 2025 | Tax News
South Dakota instructed its Legislative Research Council to review the state’s property tax policies and identify ways to provide property tax relief to homeowners under a concurrent resolution approved by state lawmakers. by usoftax_admin | Mar 7, 2025 | Tax News
A trio of Utah-based Walmart retail properties were correctly assessed at a collective $52 million for property tax, a Utah appeals court said, finding that a lower court didn’t make any errors when valuing the three properties. by usoftax_admin | Mar 7, 2025 | Tax News
New Jersey and other states with similar False Claims Acts should amend them to cover misappropriated municipal funding, and state and local tax fraud, which would encourage more whistleblowers to come forward and increase their recoveries, says Kenneth Levine at... by usoftax_admin | Mar 7, 2025 | Tax News
A trust created to convert assets to cash and distribute them under a bankruptcy plan will still qualify as a liquidating trust if it extends its term a fifth time, so long as a bankruptcy court approves, the IRS said in a private letter ruling released Friday.