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Mass. Tax Board Won’t Lower Value Of Boston House

by usoftax_admin | Mar 29, 2024 | Tax News

A Boston home was correctly assessed, the Massachusetts Appellate Tax Board said in a decision published Friday, finding that an analysis of nearby homes failed to show it was overvalued.

IRS Clarifies Low-Income Bonus Energy Credit Applications

by usoftax_admin | Mar 29, 2024 | Tax News

The Internal Revenue Service released guidance Friday on requirements and other application information for solar and wind project owners that want to apply for this year’s bonus tax credit program for building their facilities in low-income communities.

Ark. High Court Says Dealership Owes Tax On Loaned Cars

by usoftax_admin | Mar 29, 2024 | Tax News

An Arkansas car dealership that let its employees use designated cars as an employee benefit owes sales tax on the cars because the employees enjoyed the vehicles without restriction, the state Supreme Court ruled.

Senate Bill Seeks Credit For No-Emission Electric Lawn Tools

by usoftax_admin | Mar 29, 2024 | Tax News

A bill introduced Friday in the Senate would provide small businesses with a tax credit on the purchase of zero-emission electric landscaping equipment.

Green Energy Credit Sales Spur Surge In Tax Insurance

by usoftax_admin | Mar 29, 2024 | Tax News

A new way for project owners to monetize clean energy tax credits by selling them for cash has turbocharged demand for insurance policies to cover various risks tied to the transactions, which can often be worth hundreds of millions of dollars.

Tax Preparer Gets 30 Months For $780K COVID Aid Scheme

by usoftax_admin | Mar 29, 2024 | Tax News

A North Carolina tax preparer who fraudulently obtained $780,000 in pandemic relief loans and laundered money was sentenced in federal court to 30 months in prison and three years of supervised release, prosecutors announced.
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