by usoftax_admin | Jan 29, 2025 | Tax News
A California woman is ineligible for relief from the tax liability she and her husband accrued due to incorrectly claimed retirement fund withdrawals, the U.S. Tax Court ruled Wednesday, upholding the Internal Revenue Service’s decision to deny the... by usoftax_admin | Jan 29, 2025 | Tax News
The U.S. Tax Court rejected arguments Wednesday by a man challenging the collection of his taxes that employees of the Internal Revenue Service’s independent appeals office serve in violation of the U.S. Constitution. by usoftax_admin | Jan 29, 2025 | Tax News
Maine should increase its cigarette excise tax and lower the cannabis excise tax while increasing the cannabis sales tax, the governor said in her State of the Budget address. by usoftax_admin | Jan 29, 2025 | Tax News
An Alabama couple must pay over $2.5 million in taxes and penalties after the U.S. Tax Court on Wednesday upheld an IRS determination that the value of property they contributed to charity was worth roughly $4 million, not the nearly $16 million they claimed. by usoftax_admin | Jan 29, 2025 | Tax News
South Carolina would exempt overtime pay from individual income tax under a bill introduced in the state House of Representatives. by usoftax_admin | Jan 29, 2025 | Tax News
A home’s tax valuation based on mass appraisal was valid, the Minnesota Tax Court ruled, saying the homeowners failed to show evidence of market value below the local assessor’s determination.