Keeping a beloved home in the family may be appealing, but it can come with a whole host of issues, especially when it comes to the perceived fairness of the transaction. Moreover, the parents could ...

Town government has a few functions that are mandatory and required by State Law. In fact, a line-by-line review of all the services a “town” provides would yield very few mandatory functions, ...

Selling a home below its fair market value can trigger tax considerations that go beyond a standard real estate transaction. When a property is sold at a discount, the IRS may treat part of the ...

The ITAT held that fresh allotment of shares at a value below fair market value attracts Section 56(2)(viia). The term receives includes allotment, and the differential amount was rightly taxed as ...

Fifty-three of Pennsylvania's 67 counties have not conducted a full property reassessment since 2000. One county's most recent assessment was in 1961.

Burrell School District officials believe the $1 redevelopment sales agreement of the former Stewart Elementary School ...

The Income Tax Department has released draft Income Tax Rules, 2026, and forms for public feedback, aiming to simplify taxpayer experience and align with the Income Tax Act, 2025. These new rules, set ...

The article explains how violating the twin conditions under Section 50C(2) can block valuation relief and trigger taxation on higher stamp duty value. It highlights judicial rulings making DVO ...

Fulton County Board of Commissioners Chairman Robb Pitts wants an independent audit of the county’s assessment process for ...

Twelve years after it was ruled unconstitutional in Michigan, counties continue to drain the equity of residents in tax foreclosures.