by usoftax_admin | Nov 18, 2024 | Tax News
A Missouri property that is owned and operated by a bank branch was properly valued at $1.1 million, the state’s tax commission ruled, saying the bank’s appraiser was not persuasive in her argument that the value should be lowered to $725,000. by usoftax_admin | Nov 18, 2024 | Tax News
A nursing home operator pled guilty for the second time in Newark federal court on Monday to a $38.9 million employment tax fraud scheme involving care centers he owned across the country. by usoftax_admin | Nov 18, 2024 | Tax News
The Maryland Tax Court doesn’t need further evidentiary hearings to reach a decision to strike down the state’s digital advertising tax, Peacock, Google and Apple told the court. by usoftax_admin | Nov 18, 2024 | Tax News
The international minimum tax agreement known as Pillar Two is changing how countries compete for corporate investment, in part by prompting some governments to retool their tax credit systems in ways that could edge out jurisdictions with fewer resources. by usoftax_admin | Nov 18, 2024 | Tax News
The Internal Revenue Service has nearly 70 artificial intelligence tools in use or in development, but the agency needs speed up its development of governance procedures to make sure AI is being used safely and securely, the Treasury Inspector General for Tax... by usoftax_admin | Nov 18, 2024 | Tax News
A federal judge dismissed Arizona’s challenge to the Internal Revenue Service’s position that rebates the state paid to taxpayers with dependents in 2023 were subject to federal tax, saying the state lacked standing to bring the case.