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NJ Bills Seek Tax Amnesty Program To Increase School Aid

by usoftax_admin | Nov 7, 2024 | Tax News

New Jersey would offer a tax amnesty program next year in an effort to boost funding for schools under legislation that a trio of Republicans filed in the state Assembly and Senate.

Ariz. OKs Property Tax Credits For Unattended Nuisances

by usoftax_admin | Nov 7, 2024 | Tax News

Arizona property owners affected by public nuisances that local governments fail to address could qualify for tax refunds under Proposition 312, a ballot measure approved by state voters.

Varian Not Relevant In Liberty Global Case, US Tells 10th Circ.

by usoftax_admin | Nov 7, 2024 | Tax News

A U.S. Tax Court decision that granted medical device company Varian Medical Systems a deduction for dividends received from foreign subsidiaries does not support Liberty Global’s claims to a $110 million tax refund, the federal government told the Tenth Circuit...

NY ALJ Upholds Tax On Severance Paid To Hawaii Resident

by usoftax_admin | Nov 7, 2024 | Tax News

A Hawaii resident was correctly taxed on a severance payment from a New York employer because her leaving qualified as a taxable termination agreement under state law, a New York administrative law judge determined Thursday.

IRS Reports Collecting Over $5.1T In Revenue In FY 2024

by usoftax_admin | Nov 7, 2024 | Tax News

The Internal Revenue Service collected more than $5.1 trillion in tax revenue and over $98 billion in enforcement revenue in fiscal year 2024, the agency announced Thursday.

Mass. Court Affirms Nix Of Property Tax Appeal Citing Blight

by usoftax_admin | Nov 7, 2024 | Tax News

A Massachusetts homeowner’s request for a property tax abatement because of local blight was properly rejected by a state tax board because the owner did not pay the tax at issue as required, the state appeals court ruled Tuesday.
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