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Ind. Tax Board Hikes Home Value Based On Purchase Price

by usoftax_admin | Apr 15, 2024 | Tax News

The Indiana Board of Tax Review increased the valuation of a couple’s home based on its purchase price after finding that a sales comparison analysis by the property owners was insufficient to justify a lower value.

Tax Court Finds Woman Liable Despite Divorce Decree

by usoftax_admin | Apr 15, 2024 | Tax News

A Connecticut woman is jointly and severably liable for tax liabilities despite a divorce decree that calls for them to be her ex-husband’s responsibility, according to a transcript released Monday by the U.S. Tax Court.

Neb. Revenue Collection Climbs To $311M Over Estimates

by usoftax_admin | Apr 15, 2024 | Tax News

Nebraska general fund receipts for July through March were $311 million, or 5.8%, more than a budget projection, according to a monthly report by the state Department of Revenue published Monday.

Detroit Fire Safety ‘Tax’ Case Heads To Mich. Justices

by usoftax_admin | Apr 15, 2024 | Tax News

The Michigan Supreme Court will hear a challenge to Detroit’s fire safety inspection fees, taking up an appeal from a pipe fitter’s proposed class action alleging that the charges amounted to unlawful taxes.

AICPA Calls For Clearer Forms For Tax-Exempt Orgs

by usoftax_admin | Apr 15, 2024 | Tax News

The Internal Revenue Service ought to clarify filing requirements for forms in order to simplify the filing process for tax-exempt organizations, the American Institute of Certified Public Accountants said in a letter made public Monday.

‘Magician’ Tax Preparer Arrested On $100M Fraud Charges

by usoftax_admin | Apr 15, 2024 | Tax News

The owner of a New York tax preparation business who was known as “the magician” was arrested Monday on charges that he caused more than $100 million in tax losses to the government over a decade, according to the U.S. Department of Justice.
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