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IRS Targeted Atty In Bank Records Suit, Justices Told

by usoftax_admin | Mar 6, 2024 | Tax News

The Internal Revenue Service violated an attorney’s free speech rights by targeting him based on a tax analysis he posted online, he argued in asking the U.S. Supreme Court to consider overturning a ruling allowing the agency to obtain his bank account...

Mich. Tribunal Says Rented Airport Hangar Not Tax-Exempt

by usoftax_admin | Mar 6, 2024 | Tax News

An airport hangar in Michigan that is owned by a regional airport authority and leased to a business is subject to a city’s lessee-user tax despite being exempt from property tax, the state Tax Tribunal held.

Mich. House Bill Would Require Addback Of DEI Expenses

by usoftax_admin | Mar 6, 2024 | Tax News

Michigan would require businesses to add back expenses for costs associated with diversity, equity and inclusion programs when calculating state corporate income tax under a bill introduced in the state House of Representatives.

First Woman To Be Permanent Top IRS Atty Begins Tenure

by usoftax_admin | Mar 6, 2024 | Tax News

The first woman to permanently serve as chief counsel of the Internal Revenue Service began her tenure Wednesday.

Md. Tax Court OKs Valuing Boat Slips, Condo Units Separately

by usoftax_admin | Mar 6, 2024 | Tax News

Two boat slips in a Maryland condominium development were correctly valued separately from the units for which they were exclusively reserved, the Maryland Tax Court ruled, affirming the methods of a local assessor.

Mich. Bill Proposes Tax Credit For Returnable Container Sales

by usoftax_admin | Mar 6, 2024 | Tax News

Michigan would allow distributors to claim a refundable tax credit for the sale of returnable beverage containers under a bill introduced in the state House of Representatives.
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