by usoftax_admin | Nov 7, 2024 | Tax News
There are too many factual disputes between the Internal Revenue Service and a Texas holding company regarding a determination that it owed nearly $2.9 million in deficient taxes plus $622,000 in penalties, and a trial will be needed to resolve them, the U.S. Tax... by usoftax_admin | Nov 7, 2024 | Tax News
A group of Florida counties and tax collectors asked the Florida Supreme Court Thursday to reverse a decision that found they could not reopen a bond validation judgment issuing $5 billion in bonds for renewable energy and hurricane mitigation projects, arguing they... by usoftax_admin | Nov 7, 2024 | Tax News
The Multistate Tax Commission work group studying how to harmonize state rules for taxing digital products said Thursday that it would investigate another group’s model for how to tax products that are sold in a bundle. by usoftax_admin | Nov 7, 2024 | Tax News
Colorado voters overwhelmingly approved a ballot measure that allows the state to keep and spend sports betting tax revenue beyond a previously approved statutory cap and use the money for water projects instead of refunding it to casinos, according to unofficial... by usoftax_admin | Nov 7, 2024 | Tax News
A Minnesota home was over-assessed and should have its valuation reduced by $50,000, according to the state’s tax court, taking into consideration a comparable sales analysis presented by the owners. by usoftax_admin | Nov 7, 2024 | Tax News
An Arizona company that launders, sanitizes and rents textiles to the healthcare industry was correctly denied a use tax exemption because it was not a manufacturing or processing operation eligible for the break, an Arizona appeals court said Thursday.