by usoftax_admin | Mar 5, 2024 | Tax News
U.S. tax revenue would have been reduced by $1.4 billion in 2021 under a proposed system to reallocate a share of tax payments to where large multinational corporations have customers but lack a physical presence, the Joint Committee on Taxation said Tuesday. by usoftax_admin | Mar 5, 2024 | Tax News
Although valuations of urban office properties have dwindled with remote and hybrid work persisting following the height of the pandemic, Kroll Bond Rating Agency expects four major cities to have tools to account for a decline in commercial property tax... by usoftax_admin | Mar 5, 2024 | Tax News
A Florida federal court should force an appraiser to hand over documents the IRS says it needs for an investigation into a partnership’s $57 million tax deduction for a conservation easement donation, the U.S. argued in a petition Tuesday, saying the appraiser... by usoftax_admin | Mar 5, 2024 | Tax News
The Michigan Tax Tribunal rejected a bank property owner’s contention that a large staircase in the middle of the building warranted a reduced valuation due to limited usable space, saying the feature didn’t impede the property’s floor plan. by usoftax_admin | Mar 5, 2024 | Tax News
The owner of a manufacturing company was sentenced in California federal court to 10 months in prison for avoiding taxes on almost $4.5 million in income by failing to report his foreign sales to the Internal Revenue Service, the U.S. Department of Justice said. by usoftax_admin | Mar 5, 2024 | Tax News
Federal district courts lack jurisdiction to refund penalties for failing to report foreign accounts, which means a Georgia man must refile in the U.S. Court of Federal Claims to try to recover $284,000 that he was penalized, a Georgia federal court said in dismissing...