by usoftax_admin | Sep 4, 2024 | Tax News
An Indiana woman adequately proved she had more than $465,000 in substantiated gambling losses over six years, the U.S. Tax Court said Wednesday, though she failed to substantiate her claimed business losses. by usoftax_admin | Sep 4, 2024 | Tax News
The Internal Revenue Service should increase its scrutiny of real estate investment trusts to determine whether companies are benefiting from REIT tax benefits while flouting rules, including those that limit the level of a REIT’s ownership in a company, Sen.... by usoftax_admin | Sep 4, 2024 | Tax News
Colorado will cut property tax assessment rates and impose caps on the growth of local revenue under legislation signed into law Wednesday by Gov. Jared Polis, staving off two ballot initiatives critics said would have devastated local government budgets. by usoftax_admin | Sep 4, 2024 | Tax News
The owner of a Massachusetts apartment building that contains a commercial space was unable to have the property’s valuation reduced because its evidence of comparable sales didn’t account for differences in the properties, the state Appellate Tax Board... by usoftax_admin | Sep 4, 2024 | Tax News
Maryland will join the IRS’ free electronic tax filing program known as Direct File in 2025, the U.S. Department of the Treasury and the Internal Revenue Service announced Wednesday. by usoftax_admin | Sep 4, 2024 | Tax News
Former Massachusetts state senator Dean A. Tran denied charges Wednesday that he stole pandemic unemployment assistance and cheated on his taxes, with his attorney telling a jury that the lawmaker simply made a series of paperwork “mistakes.”