Tax Assessment

IRS Goes Back 41 Years To Assess Gift Tax

by Charles (Chuck) Rubin on 5/6/2013

If a taxpayer does not file a tax return, the statute of limitations for most federal taxes never commences. Thus, in theory, the IRS can go back as many years it wants to such an “open” year to audit and assess tax....more

Time For Superior Court Revaluation Appeals Is Running Out

by Pullman & Comley, LLC on 5/3/2013

Most boards of assessment appeals have mailed notices of their decisions, or are about to do so, to property owners who challenged their October 1, 2012 revaluation assessments this past winter....more

Tax Court Of Canada Appeal Of Large Corporation Thwarted By Wording Of Objection

by Cheryl Gibson | Dentons on 4/11/2013

Since 1995, the Large Corporation Rules found in subsections 165(1.11), 169(2.1) and 152(4.4) of the Income Tax Act (Canada) have applied to discourage large corporations from objecting to tax assessments as a means of...more

Spotlight on Mississippi: Legislation Enacted to Amend Statute of Limitations for Tax Assessments

by Baker, Donelson, Bearman, Caldwell &... on 4/5/2013

On March 27, 2013, Governor Phil Bryant signed House Bill 892 amending the rules setting forth the time period during which the Department of Revenue (Department) may conduct an examination of a taxpayer's Mississippi income,...more

Collection Due Process Hearings: Is It A Second Chance For Taxpayers To Litigate A Matter Previously Missed?

by Anthony Diosdi | Moskowitz LLP on 4/1/2013

It happens all the time. Taxpayers are assessed tax liabilities by the Internal Revenue Service (IRS). To make matters worse for many taxpayers, they fail to timely petition the United States Court to contest the assessment....more

March 2013 - SALT Shaker Newsletter

by Mary Alexander, Andrew Appleby, Zachary Atkins, Madison Barnett, Todd Betor, Scott Booth, Christopher Chang, Timothy Gustafson, Sahang-Hee Hahn, Jessica Kerner, Pilar Mata, more +Kathryn Pittman, David Pope, Jack Trachtenberg | Sutherland Asbill & Brennan LLP on 4/1/2013

In this issue: - Delivered by Independent Contractors, Undelivered by P.L. 86-272: Order Fulfillment Activities Subject Out-of-State Seller to New York Corporation Franchise Tax - Everything’s Bigger in Texas,...more

Understanding the Basics of Philadelphia's New Actual Value Initiative

by George Kroculick, Michael J. McCalley | Duane Morris LLP on 3/28/2013

Originally published in The Legal Intelligencer on March 27, 2013. The city of Philadelphia's new property tax program is coming and your assessment is likely going up, but it is not all bad news. Still, commercial...more

Tax Topics - March 21, 2013: "You Can't Always Get What You Want (But If You Try Sometimes, You Might Get What You Need)"

by Joel A. Nitikman | Dentons on 3/25/2013

Originally Published in CCH Canadian Ltd. on March 21, 2013. One might think that it would go without saying, but obviously not, that the Tax Court of Canada is neither a court of equity nor a section 96 court. That...more

Appellate Notes: Week of March 18, 2013

by Edward McCreery III | Pullman & Comley, LLC on 3/22/2013

In This Issue: - SC18921- Redding Life Care, Inc. v. Redding - SC18846- Bauer v. Bauer - SC18947- State v. Charlotte Hungerford Hospital - AC34075- Carrillo v. Goldberg - AC33764- Alarmax...more

Legal Alert: IRS Proposes Rules on Health Insurer Fee

by Dennis Allen, Ellen Dunn, Thomas A. Gick, Jeffrey Mace, Michael Miles, M. Kristan Rizzolo, Linda Sciuto, Vanessa Scott, W. Mark Smith, William Walderman, Carol Weiser, P. Bruce Wright | Sutherland Asbill & Brennan LLP on 3/14/2013

The Internal Revenue Service (IRS) has released proposed regulations on the health insurer fee under section 9010 of the Patient Protection and Affordable Care Act (PPACA). The regulations, which were published in the Federal...more

Alert: 2013 Municipal Revaluations in Connecticut

by Laura Cardillo, Elliott B. Pollack, Gregory Servodidio, Tiffany Kouri Spinella | Pullman & Comley, LLC on 3/14/2013

The deadline for formally protesting an assessment to the boards of assessment appeals of the municipalities listed below is March 20, 2013. Appeal forms will be available at the assessor's office as the deadline approaches. ...more

Does The January 1, 2013, Assessment Represent Your Property’s Fair Value?

by Marie-Pierre Gauthier, Pierre Huard | Heenan Blaikie LLP on 2/25/2013

Dans certaines municipalités, un nouveau rôle triennal pour les années 2013, 2014 et 2015 est entré en vigueur le 1er janvier 2013. Vous avez reçu un avis d’évaluation établissant la nouvelle valeur de votre immeuble. Si vous...more

Commonwealth Court Opinion Contains Important Lessons for Property Owners

by Randy Varner | McNees Wallace & Nurick LLC on 2/22/2013

On January 23, a panel of the Commonwealth Court in Krohn v. Snyder County Board of Assessment Appeals, Nos. 116 and 117 C.D. 2012 (January 23, 2013), overturned an attempt by Snyder County to reassess a two acre tract of...more

Commonwealth Court Confirms Use of Appeal Filing Date as Valuation Date for Real Estate Assessment Appeals

by Timothy J. Horstmann | McNees Wallace & Nurick LLC on 2/18/2013

The Commonwealth Court has held that the proper date of valuation in an Allegheny County assessment appeal is the appeal filing date, not the first day of the tax year under appeal. The school district had appealed the...more

IRS Issues Proposed Regulations for Employer-Shared Responsibility under ACA

by Baker, Donelson, Bearman, Caldwell &... on 2/18/2013

On December 28, 2012, the IRS issued proposed regulations with respect to employer-shared responsibility regarding health coverage under the Affordable Care Act of 2010 (ACA). Employers are permitted to rely on these proposed...more

Ready or Not, Here It Comes: Philadelphia's Actual Value Initiative Assessments Are in the Mail

by George Kroculick, Michael J. McCalley | Duane Morris LLP on 2/15/2013

Today, the Philadelphia Office of Property Assessment (OPA) begins mailing out the new "Actual Value Initiative" (AVI) reassessment figures to every property owner within the city. The new assessments are intended to reflect...more

W.L. Gore’s Impact on Pending Maryland Cases and Audits

by Stephen Blazick, Alexandra Sampson | Reed Smith on 2/15/2013

In a case decided late last month, Comptroller of the Treasury v. Gore Enterprise Holdings, Inc. and Future Value, Inc., Nos. 1696 and 1697 (January 24, 2013), the Maryland Court of Special Appeals held that patent royalties...more

PA Tax Law News - February 2013

by James Fritz, Timothy J. Horstmann, Megan F. Luck, Sharon R. Paxton, Randy Varner | McNees Wallace & Nurick LLC on 2/15/2013

In This Issue: PA Governor Proposes Corporate Tax Cuts; Add-Back Legislation Reintroduced; PA Supreme Court Issues Business/Nonbusiness Income Decision; Philadelphia Property Reassessments; Commonwealth Court Addresses...more

New Jersey Property Tax Appeal Time

by Susan Feeney, Frank Ferruggia, Daniel Zazzali | McCarter & English, LLP on 2/15/2013

It is property tax appeal season in New Jersey. If you own or lease commercial, residential and/or investment property in New Jersey, now is the time to review whether you should file a 2013 appeal. ...more

Allegheny County Property Owners – Be on the Lookout for Notices Changing Assessments for Tax Years 2012 and 2013; and April 1,...

by Dusty Kirk, Peter Schnore | Reed Smith on 1/24/2013

Allegheny County’s Board of Property Assessment Appeals and Review continues to hold hearings of tax appeals of the countywide reassessment figures, which are to be implemented for the first time in tax year 2013. In recent...more

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