Hillsborough County Tax Collector’s Post

Minnesota--Tax court reduces value of taxpayer's office building. "We find [taxpayer's expert] presented the court with a sound mix of comparables, credibly explained his adjustments, and thus his conclusion is valid. As the County offered no contradictory or supplemental evidence, we adopt [taxpayer's expert's] analysis. ... The County had the opportunity to put on its own expert, who could have opined to a 5% vacancy rate, or cross-examine [taxpayer's expert] as to the validity of his. This it did not do; we will not adopt a lower vacancy rate without credible evidence to support it. ..." Minnesota Office Plaza LLC v. County of Ramsey, case number 62-CV-22-2621, in the Minnesota Tax Court https://lnkd.in/gtM4GXvy

For years, the overwhelmed IRS didn’t have enough power to properly enforce tax laws and collect unpaid taxes due to the COVID-19 pandemic. In late 2023, the IRS has restarted automated collection notifications. Then, its brand-new special reminders went out starting in January 2024. Starting this August, the IRS massively mailed out the Final Notices of Intent to Levy and Hearing Rights. #AcePlusTaxResolution #IRSCollections2024 #TaxEnforcement #TaxDebtRelief #IRSLevyNotices

Attorneys Phil Pires and Jason Buchsbaum would like to remind you that the Deadline for the Board of Assessment Appeals is fast approaching. If you are considering challenging your assessment or would like more information about tax appeals in general, read the article below and reach out to us today:

In yet another case from the 7th Circuit, taxpayers continue to lose in Court regarding the R&D Credit. This week, the 7th Circuit Court of Appeals upheld the Tax Court’s decision in Moore v. Commissioner. I wrote about the Tax Court case when it was first published and was surprised to see the decision had been appealed since it had been firmly decided against the taxpayer. The 7th Circuit felt the same way and upheld the lower court decision in a brief three-page opinion. The entire opinion can be summed up in one of the final lines of the decision: “The problem is not simply the lack of written records (though that is a big problem); it is that Robert could not even estimate how much of his research involved ‘experimentation’ either in a colloquial sense or under the regulations’ specifications.” With that background, it is not surprising the Court ruled against the taxpayer.

Who’s Feeling the Tax Pinch Right Now? September is the perfect time to secure significant tax savings! By now, you likely have a clear picture of your tax situation and financial goals for the year. However, waiting any longer could mean missing out on the best opportunities to save. Why Act Now? I offer a complimentary tax planning and financial review with no commitment required. If we devise a plan that saves you $5,000 or more in taxes immediately, you can choose to continue. If not, you still benefit from the free tax planning discussion. Know Someone with a High Tax Bill? If you know anyone facing a higher-than-expected tax bill this year, please share this offer with them. I’ll do my best to accommodate all requests this month before the busy October accounting and tax filing season kicks in. Ready to Save? Use the scheduler link at https://TaxProblems.CPA or respond to this message to book your session. Let’s make the most of your tax savings opportunities!

For years, the overwhelmed IRS didn’t have enough power to properly enforce tax laws and collect unpaid taxes due to the COVID-19 pandemic. In late 2023, the IRS has restarted automated collection notifications. Then, its brand-new special reminders went out starting in January 2024. Starting this August, the IRS massively mailed out the Final Notices of Intent to Levy and Hearing Rights. https://buff.ly/47u5vP3 #AcePlusTaxResolution #IRSCollections2024 #TaxEnforcement #TaxDebtRelief #IRSLevyNotices

For years, the overwhelmed IRS didn’t have enough power to properly enforce tax laws and collect unpaid taxes due to the COVID-19 pandemic. In late 2023, the IRS has restarted automated collection notifications. Then, its brand-new special reminders went out starting in January 2024. Starting this August, the IRS massively mailed out the Final Notices of Intent to Levy and Hearing Rights. https://buff.ly/47u5vP3 #AcePlusTaxResolution #IRSCollections2024 #TaxEnforcement #TaxDebtRelief #IRSLevyNotices

If you work in tax and have a question, come get it anwsered in our informal session this Friday. See you there!

While Colorado didn’t see a lot major state tax law changes for 2024, there are a few items that Coloradans should pay attention to, including the one-time TABOR refund for qualifying individuals and updates to the taxable wage base for businesses. Get the details in our latest blog: https://lnkd.in/gEJqC6JT Hackstaff, Snow, Atkinson & Griess attorneys are well-versed in state and federal tax law, and can help you navigate any tax legal matters. Contact us today for a free consultation. #hsaglaw #taxlaw #coloradotaxlaw #coloradobusinesslaw

It is not unusual for taxpayers to find themselves in a position where they disagree with a tax decision issued by HMRC. There are a number of different options open to taxpayers seeking to use the review and appeals process. #TaxAppeals #TaxPenalties