County officials determine property taxes by assessing the value of homes using what critics call an outdated calculation that doesn’t reflect the current real estate market. That forces homeowners to ...
But ordinary income tax rates still apply to distributions for other than qualified medical expenses. The IRS doesn't consider inheritances to be taxable income. That includes inheritances of cash ...
ITAT Ahmedabad held that provisions of section 68 of the Income Tax Act doesn’t apply in the matter of non-utilisation of amounts received towards Corporate Social Responsibility (CSR) activities.
State law prohibits counties from waiving or altering the property tax payment requirements, even for properties affected by natural disasters. Some social media users are angry that North Carolina ...