by usoftax_admin | Jul 17, 2024 | Tax News
The Internal Revenue Service correctly disallowed a New Hampshire couple’s claimed individual retirement account deduction because they never actually made a contribution to such an account, the U.S. Tax Court said Wednesday. by usoftax_admin | Jul 17, 2024 | Tax News
In allocating risk among different components of a business for transfer pricing purposes, analysts need to consider governments’ varying interpretations of guidance from the Organization for Economic Cooperation and Development, a panel of economists said... by usoftax_admin | Jul 17, 2024 | Tax News
A group of properties used as a Veterans of Foreign Wars post in Minnesota should be subject to a lower property tax classification because they weren’t used for revenue-making purposes, the state’s tax court ruled. by usoftax_admin | Jul 17, 2024 | Tax News
A group of Missouri property owners can’t proceed with their appeal of assessments they claimed were unconstitutional taxes, a state appeals court ruled, finding the challenge was time-barred as an appeal of a special assessment. by usoftax_admin | Jul 17, 2024 | Tax News
Owners of a commercial fishing and boat fabrication business in Oregon are permitted adjustments to their 2018 income and expense deductions, the state tax court said, allowing a deduction for boat depreciation and some per diem expenses. by usoftax_admin | Jul 17, 2024 | Tax News
A water services company operating in New Jersey told the state’s tax court that the Division of Taxation erred in denying its attempt to exclude $25 million in intercompany dividends for tax years 2017 and 2018, because the amounts were wrongly included in its...