Holding Redlich’s Post

"The U.S. Supreme Court faces a decision of monumental importance, crucial to our nation’s future. The citizenry is poised on the edge of its seat, awaiting the outcome. No, I’m not talking about the recent matters involving the Colorado Supreme Court, insurrection, and the 14th Amendment. I refer to something far more vital — the case argued to the Court on December 5, 2023, concerning the direct tax clause,1 the mandatory repatriation tax (MRT) of section 965, and the 16th Amendment. We tax folks have our priorities." via Tax Notes #expats #AmericansAbroad #AmericansOverseas #taxation #TaxReform

The Property Tax Appeal Board (PTAB) recently rejected a taxpayer’s efforts to dismiss taxing districts from a property tax appeal. Read more about this update in our latest law alert: https://ow.ly/yKsx50Sftvy #RSLaw #PTAB #Taxing

Texas law requires local taxing units to make taxpayers aware of budget and tax rate proposals and to give taxpayers the opportunity to provide feedback. A directory to find your local county’s Truth in Taxation website, with all taxing units’ information, and the property tax info specific to your property can be found here: https://bit.ly/3D54H60. #tax #propertytax

NY Bill Killing Opportunity Zone Tax Breaks Clears State Senate According to the article, "the Senate voted 41-20 to approve the measure, S543B, fully decoupling the state from the Opportunity Zone program—a part of the 2017 federal tax law intended to spur economic development in low-income areas by giving capital-gains tax breaks to investors." #newyork #NYtax #ny #opportunityzone #NYOZ #NYcredits #taxcredits #tax #taxes #statetax #stateandlocaltax #SALT #multistatetax #middlemarket #privateequity #realestate

Here's how to reduce your personal tax bill, legitimately https://buff.ly/45WLkaz #economy #accountants #tax #taxadvice #accountancy #HMRC #taxadvisers #bookeeping #London #Streatham #clients

#TaxAlert 🚨 Income Tax Department's alert spree! 3 million salaried taxpayers asked to address TDS-refund mismatches. Need help with filing your taxes? Book a free #KarmaConversation with Turtle today and our experts will help you get on the right track! Link in comments. #financialplanningzarurihai #personalfinance #financialplanning #newyear #holidayseason #taxes

The statutory interpretation canon dictating that exemptions from taxation are strictly construed against the taxpayer is frequently used by the IRS in order to enforce their own interpretation of the tax code on all those subject to taxation. The recent case of Bibeau v. Commissioner, T.C. Memo. 2023-66, demonstrated this canon’s interaction with another that would instead favor the taxpayer. Read about it here: https://bit.ly/3qRJsAt We are here to help you resolve intimidating tax issues. Regardless of the tax situation you are facing, we will provide a straight-forward assessment of your issues and a range of solutions to fit your goals. #Tax #TaxExemption #TaxLaw

Are you a landlord? Ensuring you pay the correct amount of tax is crucial for compliance, but it can be challenging. Read our concise landlord tax guide for expert advice and guidance. Learn more about our property tax services here: https://bit.ly/3VK7ZD6 #Landlord #Tax #Compliance #PropertyTax

Taxes, freedom and morality, by Philippe Martin.  Issues related to freedom for taxpayers to make choices and to the morality of taxpayer’s or tax administration’s behavior are often raised before tax courts. In case law, the principles of freedom and legality tend to prevail over moral considerations. But morality becomes relevant when it has a legal basis.  Find this article in the issue 2-2024 of the Fiscalité Internationale Review (https://lnkd.in/eMw7B-YR). To receive by e-mail the news published on the Review's website, subscribe to the free news feed (https://lnkd.in/es-PAAvH).   #internationaltaxation #taxation #taxlaw 

Interesting discussion in Tax Notes about the scope and implications of the Supreme Court’s ruling in Corner Post Inc. v. Federal Reserve. “A claim accrues when the plaintiff has the right to assert it in court — and in the case of the APA, that is when the plaintiff is injured by final agency action.” As the article highlights, this ruling might have significant implications in the tax world. But not only this ruling, Judge Kavanaugh commented in his concurrence that the remedy for a successful APA challenge is vacatur. About this, David W. Foster comments, “Courts that invalidate Treasury regulations should set them aside not just for the person bringing the APA challenge, but for all purposes.” This result seems reasonable especially for Regulations that have defects ab initio that render them invalid, such as the failure to comply with the notice-and-comment procedure. https://lnkd.in/gnWZSqaW