Assessing Montana Real Property is Like Valuing a Cup of Coffee

When is assessing Montana property for property tax purposes like valuing a cup of coffee? The Montana Tax Appeal Board explained when it recently affirmed the property tax assessed value of Montana lake front property.[1] The taxpayer, in arguing for a reduced value to his land, the taxpayer calculated his property value by looking at…

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First Time Penalty Abatement of Federal Income Tax Penalty

The IRS imposes penalties on various taxpayer deficiencies. Penalties may include failure to file tax returns, failure to pay tax, substantial underreporting of income and many other penalties. Penalties can be abated or waived by the IRS upon a showing of reasonable cause by the taxpayer. However, the IRS also has a First Time Penalty…

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Montana Property Taxpayers Cannot Readily Rely on the Courts to Overturn Tax Appeal Board Decisions (Part 2 of 2)

In a previous article, I began examining Peretti v. State of Montana, Department of Revenue, 373 P.3d 447, 2016 MT 105. The case involves a Montana property taxpayer who had challenged her property tax but received unfavorable rulings from both the County Tax Appeal Board (“CTAB”) and the Montana Tax Appeal Board (“MTAB”), the administrative…

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Montana Property Taxpayers Cannot Readily Rely on the Courts to Overturn Tax Appeal Board Decisions (Part 1 of 2)

When it comes to property taxes, Montana taxpayers who disagree with their property tax assessment must follow a statutorily prescribed appeal process.[1] Following a discretionary opportunity to meet with the Montana Department of Revenue in an informal review to see if the tax dispute can be resolved without a tax appeal, the taxpayer must first…

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