by usoftax_admin | Apr 22, 2024 | Tax News
Developers in New York City could qualify for new property tax abatement programs for building affordable housing and converting office buildings into affordable housing units under the New York state budget that Democratic Gov. Kathy Hocul signed into law. by usoftax_admin | Apr 22, 2024 | Tax News
The U.S. Tax Court on Monday upheld the IRS’ decision to deny a $22.7 million loss deduction claimed by a Connecticut partnership, finding that underlying transactions involving a bankrupt Brazilian company’s debt obligations amounted to a disguised... by usoftax_admin | Apr 22, 2024 | Tax News
A Florida man is liable for penalties after failing to report approximately $7 million in income across 11 tax years, the U.S. Tax Court ruled Monday. by usoftax_admin | Apr 22, 2024 | Tax News
Iowa will lower the tax rates imposed on some captive insurance companies’ reinsurance premiums under a bill signed into law by the governor. by usoftax_admin | Apr 22, 2024 | Tax News
A trial will be needed to decide whether two Louisiana water companies are correct in arguing that a conservation district’s charges for pumping water are considered taxes, the state Board of Tax Appeals ruled. by usoftax_admin | Apr 22, 2024 | Tax News
North Carolina’s total revenue collection from July through March was $434 million higher than during the same period last year, according to a report by the state controller office.