by usoftax_admin | Jul 16, 2024 | Tax News
A Connecticut contractor was ordered to pay a $1.75 million fine for evading federal corporate and individual income taxes from 2006 through 2010, the U.S. Department of Justice announced Tuesday. by usoftax_admin | Jul 16, 2024 | Tax News
The Florida Department of Revenue should issue Capital One Bank a refund of bank franchise tax because the company did not have a sufficient connection to the state to be assessed the tax, the bank told a state court. by usoftax_admin | Jul 16, 2024 | Tax News
A vacant hospital’s parking area in Pennsylvania was properly valued at $23.2 million, the state Commonwealth Court ruled, finding that a trial court had the discretion to apply the sales comparison approach to the valuation. by usoftax_admin | Jul 16, 2024 | Tax News
The D.C. Circuit upheld Tuesday the U.S. Tax Court’s dismissal of a Mississippi man’s case seeking review of the denial of his whistleblower claim for 30% of the revenue collected by an Internal Revenue Service offshore voluntary disclosure program. by usoftax_admin | Jul 16, 2024 | Tax News
A New York couple was properly denied tens of thousands of dollars worth of deductions on their federal income taxes by the Internal Revenue Service, since the pair neither qualified nor adequately substantiated their claims, the U.S. Tax Court said Tuesday. by usoftax_admin | Jul 16, 2024 | Tax News
As one taxing body out of many in Allegheny County, Pennsylvania, the School District of Pittsburgh lacks standing in its lawsuit seeking to force a countywide reassessment of property values, the county said in its preliminary objections to the suit.