by usoftax_admin | Jul 24, 2024 | Tax News
The U.S. Senate set the stage Wednesday for the chamber to proceed with votes on two of President Joe Biden’s picks for U.S. Tax Court seats. by usoftax_admin | Jul 24, 2024 | Tax News
With better facts and greater emphasis on the Kentucky Constitution, Walgreen Co. may succeed in its latest Kentucky Court of Appeals challenge to a tax assessor’s method of valuing leaseholds on real property for purposes of determining ad valorem tax, say Mark... by usoftax_admin | Jul 24, 2024 | Tax News
The upper house of Nigeria’s Parliament passed an amendment to its finance bill that included a 70% one-time levy on banks’ foreign exchange gains, an increase over the 50% rate originally proposed by the country’s president. by usoftax_admin | Jul 24, 2024 | Tax News
A Michigan car wash was correctly valued at $4.4 million, the state Tax Tribunal said after rejecting the property owner’s argument that the value should be reduced due to functional obsolescence. by usoftax_admin | Jul 24, 2024 | Tax News
Chicken Soup for the Soul Publishing LLC settled its appeal of a nearly $143,000 Ohio commercial activity tax assessment, ending a case in which it alleged that a federal law that limits state taxes on net income protected certain gross receipts from tax. by usoftax_admin | Jul 24, 2024 | Tax News
A Florida federal court upheld a $15 million immediate tax assessment against a man who transferred his father’s estate into trusts for himself and his mother and refused to pay what the IRS claimed was tax debt on his father’s undisclosed offshore...