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TAX LAW NEWS - TAX LITIGATION
From the daily archives:
The Internal Revenue Service today released the new form that eligible homebuyers need to claim the first-time homebuyer credit this tax season and announced processing of those tax returns will begin in mid-February. The IRS also announced new documentation requirements to deter fraud related to the first-time homebuyer credit.
The new form and instructions follow major [...]
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The Idaho Tax Commission presented a bill Jan. 14 that it estimates could bring in at least $500,000 annually from out-of-state business executives who fail to pay income taxes they owe to the state.
The House Revenue and Taxation Committee agreed to print the bill and will later hold a full hearing on it.
The proposal deals [...]
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