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Court Pauses Order To Sell Office Park In $16M Tax Battle

by usoftax_admin | Apr 24, 2024 | Tax News

A New Jersey federal court paused its order allowing the U.S. government to sell a family trust’s office park to satisfy a trustee’s $16.2 million tax debt Wednesday, giving the family time to appeal a decision approving the sale to the U.S. Supreme...

Fla. Woman Had Run Out Of Fixes, 11th Circ. Rules

by usoftax_admin | Apr 24, 2024 | Tax News

A district court did not err in dismissing the complaint of a Florida woman after she was given multiple opportunities to address barred claims and failed to adequately do so, the Eleventh Circuit said Wednesday.

Iowa House Advances Ballot Question Toward Flat Income Tax

by usoftax_admin | Apr 24, 2024 | Tax News

Iowa would require a flat individual income tax and would prohibit a graduated income tax under a proposed amendment to the state constitution that was passed as a resolution in the House of Representatives.

Mich. House Bill Aims To Shield Info In Tax Tribunal Cases

by usoftax_admin | Apr 24, 2024 | Tax News

Michigan would establish a process for parties to request that certain information, including trade secrets, financial information and personal information, remain confidential during proceedings before the state tax tribunal under a bill introduced in the state House...

Tax Court Backs IRS On Accuracy-Related Penalty

by usoftax_admin | Apr 24, 2024 | Tax News

The Internal Revenue Service complied with supervisory approval requirements when it levied a $99,000 accuracy-related penalty on two Florida men, the U.S. Tax Court ruled Wednesday.

Va. Income Tax Applies To Man Paying A Mortgage In State

by usoftax_admin | Apr 24, 2024 | Tax News

A Virginia man who moved to another state is still domiciled in Virginia after he failed to abandon his home, the state tax commissioner ruled. 
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