Consider Introducing Your Employees to the IRS Before It Introduces Them to You

Consider Introducing Your Employees to the IRS Before It Introduces Them to You

The IRS wants employers to get to know their employees, if they do not know them already, and the agency has two effective tools to help them do that.  The first tool, audit and enforcement, has been used for a long time; it is well-worn, and many would say the IRS is proficient in its use.  The second tool, the … [Read more...]

Colorado legislature passes pilot program for Denver property tax appeals

Colorado legislature passes pilot program for Denver property tax appeals

On March 8, 2013, Colorado Governor John Hickenlooper signed into law House Bill 13-1113.  The legislation creates a pilot program that authorizes the governing body of the city and county of Denver, at the request of the Assessor, to elect an alternative protest and appeal procedure for property tax disputes.  … [Read more...]

Indiana Board of Tax Review rules on application of new statute permitting use of comparable assessments to challenge a property’s value

Indiana Board of Tax Review rules on application of new statute permitting use of comparable assessments to challenge a property’s value

          Indiana Code § 6-1.1-15-18, added to Indiana law by P.L. 146-2012, provides that to accurately determine a property’s market value-in-use, a taxpayer or an assessing official may: (1) in a residential property proceeding, introduce evidence of the assessments of comparable properties located in the same … [Read more...]

Illinois District Court Finds that Fannie Mae, Freddie Mac, and FHFA Not Subject to Illinois Real Estate Transfer Tax

Illinois District Court Finds that Fannie Mae, Freddie Mac, and FHFA Not Subject to Illinois Real Estate Transfer Tax

On February 13, 2013, the Honorable Judge Kapala for the Northern District of Illinois partially granted declaratory judgment for Plaintiffs Fannie Mae, Freddie Mac, and the Federal Housing Finance Agency ("FHFA"), entering judgment that Plaintiffs were exempt from Illinois real estate transfer tax by virtue of … [Read more...]