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Calif. Resident Kept State Domicile, Owes Tax, OTA Says

by usoftax_admin | Jan 7, 2025 | Tax News

A person who traveled from California to Florida and back is considered a California resident and domiciled in California and thus owes additional state income tax and interest, the California Office of Tax Appeals affirmed.

Calif. Hydroponics Co. Can’t Escape $1M Tax Bill

by usoftax_admin | Jan 7, 2025 | Tax News

A California company selling hydroponics equipment is not entitled to a redetermination of more than $1 million in tax liability, and no adjustments to state audits of the company’s unreported taxable sales are required, the state Office of Tax Appeals...

Mont. Bill Floats Mine, Data Center Property Tax Changes

by usoftax_admin | Jan 7, 2025 | Tax News

Montana would lower the property tax rate imposed on metal mines, certain agricultural land and railroads but raise the rate on data center property as part of a bill introduced in the state Senate.

Calif. Resident’s Late Filing Means No EITC Refund, OTA Says

by usoftax_admin | Jan 7, 2025 | Tax News

A California resident filed her state tax return too late and is not entitled to a refund she claimed for the state earned income tax credit, the Office of Tax Appeals ruled.

Canada To Keep Collecting New Gains Tax Amid Halt In Gov’t

by usoftax_admin | Jan 7, 2025 | Tax News

Canada’s tax authority will continue collections of capital gains tax that reflect proposed changes to the levy despite a suspension of Parliament that will hold up the proposal for months, the country’s Department of Finance said Tuesday.

Mont. Bill Calls For Property Tax Appraisals Every 2 Years

by usoftax_admin | Jan 7, 2025 | Tax News

Montana would require all real property to be reappraised every two years for tax purposes as part of a bill introduced in the state House of Representatives.
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