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Tax Digest

Oct 13, 2010

2009AP3122, 2009AP3123 Bonstores Realty Two LLC v. City of Racine Board of Review, et al.

Tax Property tax assessment Bonstores Realty Two, LLC and J.C. Penney Company, Inc. (collectively appellants) appeal from an order affirming the City of Racine Board of Review’s decision upholding the city assessor’s valuation of the Boston Store and Penney store in the Regency Mall for the 2008 tax assessment. The appellants argue that the Board […]

Oct 13, 2010

New IRS rules target tax return preparers

The Department of the Treasury is at it again. They are broadening the rules of ethics that govern practice before the IRS in a continued effort to clean up the tax business. The IRS will now require everyone that prepares "all or substantially all" of a tax return to register with the IRS and receive a Preparer Tax Identification Number (PTIN). As before, the new rules are more expansive than nec[...]

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