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Americans Overseas Launch Residence Taxation Lobby Group

by usoftax_admin | Jul 31, 2024 | Tax News

An advocacy group representing U.S. citizens living abroad announced it has officially registered as a lobbyist to continue to push Congress to pass residence-based taxation laws for the benefit of individuals comparable to those for corporations.

Minn. Tax Court Agrees Parking Lot’s Value Is $4M, Not $10M

by usoftax_admin | Jul 31, 2024 | Tax News

A Minneapolis parking lot would be best valued as a buy-and-hold investment property and thus its assessed value should be lowered from $10.3 million to $3.9 million, the Minnesota Tax Court said.

Minn. Shopping Center’s $97M Value Upheld By State Justices

by usoftax_admin | Jul 31, 2024 | Tax News

A Minnesota shopping center was correctly valued for tax purposes at nearly $97 million, the state Supreme Court said Wednesday, rejecting the property owner’s argument that the valuation should consider a calculation of effective rent instead of market...

Ex-Chicago Alderman Should Serve Full Supervision, Feds Say

by usoftax_admin | Jul 31, 2024 | Tax News

A former Chicago alderman and attorney convicted of tax crimes should not be allowed an early reprieve from his court-ordered supervision because it has become his main form of punishment following his compassionate release from prison, the government has told an...

How To Grow Marketing, Biz Dev Teams In A Tight Market

by usoftax_admin | Jul 31, 2024 | Tax News

Faced with fierce competition and rising operating costs, firms are feeling the pressure to build a well-oiled marketing and business development team that supports strategic priorities, but they’ll need to be flexible and creative given a tight talent market, says...

TaxAct Customers’ Attys Want $5.8M Fee For $23M Deal

by usoftax_admin | Jul 31, 2024 | Tax News

The attorneys for TaxAct Inc. customers who secured a $23 million deal to resolve claims that the company was secretly sharing confidential taxpayer information with Meta and Google asked a federal judge to award them more than $5.8 million in fees for their...
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