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Tax

New Map Reveals States Americans Are Moving To, Leaving New Map Reveals States Americans Are Moving To, Leaving
New Map Reveals States Americans Are Moving To, Leaving A new map is putting America’s moving patterns in sharp focus. The Tax Foundation analyzed newly released IRS migration data showing where taxpayers moved between 2022 and 2023, using returns filed in calendar years 2022 and 2023. The data shows continued movement toward the South and Sun Belt, with major gains for states including Texas, Florida, North Carolina, South Carolina, and Tennessee. Texas gained the most income tax filers from interstate migration, with 56,473, followed by Florida at 55,349, North Carolina at 39,118, South Carolina at 29,214, and Tennessee at 24,104, according t…
Tax Judge Slices $850M Off American Dream Mall’s Valuation, Reports Say Tax Judge Slices $850M Off American Dream Mall’s Valuation, Reports Say
Tax Judge Slices $850M Off American Dream Mall’s Valuation, Reports Say A New Jersey tax court judge has slashed the assessed value of the American Dream megamall in East Rutherford by $850 million, marking a nearly 50% drop this year alone, Bloomberg reports.  The ruling made last Thursday, July 31, brings the property's 2025 valuation to $1.65 billion, down from the $3.3 billion figure earlier this year. The initial $800 million cut came in March, followed by this latest reduction, according to CoStar. The move represents a win for Triple Five Group, the mall's owner, which has long argued that the complex was overvalued, Bloomberg said. However, the dec…
New Scam Involving Fraudulent Texts Impersonates IRS New Scam Involving Fraudulent Texts Impersonates IRS
New Scam Involving Fraudulent Texts Impersonates IRS A new scam involves unsolicited text messages impersonating the Internal Revenue Service (IRS), the agency says. The fraudulent messages falsely claim recipients are eligible for a $1,400 Economic Impact Payment and instruct them to click a deceptive link to "claim" the funds. How The Scam Works Victims receive a text message that appears to be from the IRS, stating they are owed an Economic Impact Payment. The message urges them to provide personal information to process the supposed payment. Scammers promise the money will be deposited into a bank account or mailed as a check within 1-2…