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Neb. Justices Find Co. Officer On Hook For Unpaid Use Tax

by usoftax_admin | Mar 15, 2024 | Tax News

The president of a now-defunct company is liable to pay an additional use tax assessment because he was responsible for the business’ financial management, the Nebraska Supreme Court ruled Friday.

Colo. OKs Local-Option Property Tax Credits

by usoftax_admin | Mar 15, 2024 | Tax News

Local governments in Colorado will be authorized to grant property tax incentives to encourage improvement in areas of local concern under legislation signed into law Friday by Democratic Gov. Jared Polis.

France’s Green Energy Investment Tax Credit Now In Effect

by usoftax_admin | Mar 15, 2024 | Tax News

Companies operating in France’s wind power sector and other clean energy industries will now be able to use the country’s new green investment tax credit, the French finance ministry said Friday.

Ohio Ambulance Co. Says HR Firm Botched Tax Returns

by usoftax_admin | Mar 15, 2024 | Tax News

An Ohio ambulance company accused its human resources management firm of failing to accurately prepare and submit amended tax returns that would have allowed the company to claim pandemic-era tax credits, according to a complaint filed in an Ohio federal court.

Justices Told Estate Incorrectly Taxed On Insurance Payout

by usoftax_admin | Mar 15, 2024 | Tax News

The federal government’s argument that the $3.5 million in life insurance proceeds a company used to redeem a deceased owner’s shares increased both the company’s value and its dead owner’s estate tax liability ignores “economic...

Bechtel’s Appeal Tossed In $8.5M Australian Tax Case

by usoftax_admin | Mar 15, 2024 | Tax News

Bechtel Corp. must pay taxes of AU$13 million ($8.5 million) on costs of transporting employees to a worksite because the travel did not occur in the course of producing income, a Federal Court of Australia panel said Friday.
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