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IRS Appeals Office’s Easement Deals May Sap Independence

by usoftax_admin | Oct 8, 2024 | Tax News

The IRS Independent Office of Appeals plans to settle certain conservation easement cases with similar terms offered by other IRS divisions, but these upcoming offers might be challenging for taxpayers to navigate and could undermine the office’s independence...

Louisiana High Court Won’t Review Expedia’s Hotel Tax Win

by usoftax_admin | Oct 8, 2024 | Tax News

The Louisiana Supreme Court on Tuesday rejected state and local government appeals of a ruling that said Expedia and some of its affiliates do not owe Louisiana sales taxes on the full price of accommodation rentals they charged to customers booking through their...

Homeowners Again Seek Class Cert. In Tax Foreclosure Suit

by usoftax_admin | Oct 8, 2024 | Tax News

A group of former property owners has asked a Michigan federal judge to recertify a class action seeking to recover profits county treasurers made selling their tax-delinquent properties, saying the addition of class representatives fixes the flaw that dismantled the...

Tax Pact Rejects Option For Multiple Sales Tax Rate Structure

by usoftax_admin | Oct 8, 2024 | Tax News

The Streamlined Sales Tax Governing Board rejected a proposal Tuesday that would have allowed states that participate in the sales tax simplification compact it oversees to adopt a second sales tax rate in a specific area, a move that left Nebraska noncompliant with...

Tax Court Cuts $16.7M Deduction For Conservation Donation

by usoftax_admin | Oct 8, 2024 | Tax News

A partnership that claimed a $16.7 million tax deduction for donating a conservation easement covering land in Georgia was trying to “fleece the public” with its claims that the land could be used for clay mining, a U.S. Tax Court judge said Tuesday in a...

Tax Pact OKs Challenges To State Compliance Determinations

by usoftax_admin | Oct 8, 2024 | Tax News

The Streamlined Sales Tax Governing Board approved on Tuesday a clarification to the tax simplification compact it oversees that specifies that challenges can be lodged against certain board decisions, including whether a state’s tax system complies with the...
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