Tax & Accounting Blog

Amendment To Washington Filing Requirements For Improvements To Benefit Fish And Wildlife Habitat

Amendment To Washington Filing Requirements For Improvements To Benefit Fish And Wildlife Habitat

Washington State legislation recently amended the filing requirements for the property tax exemption for improvements to real and personal property that benefit fish and wildlife habitat, water quality, or water quantity. The new legislation provides that: (1) the claim for exemption must be filed on or before October 31 during the year for exemption in … Read More

All IRS Operations Closed on Five “Furlough Days”

All IRS Operations Closed on Five “Furlough Days”

The Internal Revenue Service has announced that all IRS operations will be closed on May 24, June 14, July 5, July 22 and August 30, 2013. This includes all IRS offices nationwide, including all toll-free hotlines for taxpayer assistance, the National Taxpayer Advocate Service, and the nearly 400 taxpayer assistance centers. IRS employees are furloughed … Read More

Federal district court in Arizona issues final decision in demutualization case

Federal district court in Arizona issues final decision in demutualization case

On April 19, 2013, the federal district court in Arizona issued a final decision in the Dorrance case.  2013 WL 1704907.  This follows a preliminary decision in July, 2012.  See our previous bulletin, “Open Transaction Doctrine does not apply in insurance company demutualization case,” July 16, 2012. Background: A mutual insurance company has no … Read More