Indiana taxpayers to get $125 refunds as state gives back $545M in surplus
Indiana taxpayers will get a $125 refund after they pay their 2021 state income taxes, the governor’s office announced Wednesday afternoon.
Tax Issues
Articles
Tax Court reverts Hobart mall’s property tax assessments, finds neither party met burden of proof
Neither an assessor nor a longtime northern Indiana shopping mall met their burdens of proof in an appeal contesting tax assessments of the mall’s property for 2015 and 2016, the Indiana Tax Court concluded, ordering for the assessments to revert back to their 2010 value.
Apellate court affirms forfeiture of 504 tax sale certificates purchased by ineligible buyer
The Indiana Court of Appeals did not buy a Lake County man’s argument that state statute allows ineligible buyers at tax sales to avoid forfeiture by paying delinquent property taxes, finding the man had time to clear his debt but never did so.
Tax dispute over JW Marriott headed for trial
A decade-old dispute over the assessment of Indianapolis’ largest hotel is headed for trial after the Indiana Tax Court declined to enter summary judgment for either the owner of the downtown JW Marriott or the Marion County assessor.
Tax sale CLE coming to Indy next month
Lawyers can get more than seven hours of continuing legal education credit during an Indiana tax sale seminar in Indianapolis next month.
Buyer prevails in tax sale dispute with mortgage holders
A financial group has secured a reversal in its favor from the Indiana Court of Appeals after its originally successful bid at a tax sale went south.
DC statehood approved by House as Senate fight looms
A decades-long movement to reshape the American political map took a further step Thursday as the House of Representatives approved a bill to make the nation’s capital the 51st state.
Biden’s ‘jobs Cabinet’ to sell infrastructure as GOP resists
President Joe Biden is setting about convincing America it needs his $2.3 trillion infrastructure plan, deputizing a five-member “jobs Cabinet,” including former South Bend Mayor Pete Buttigieg, to help in the effort. But the enormity of his task is clear after Senate Minority Leader Mitch McConnell vowed to oppose the plan “every step of the way.”
Intentional misclassification of construction workers causing concern
Workers on construction sites across Indiana can be found nailing plywall from atop scaffolds, scaling roofs or painting newly built homes. But what isn’t evident is whether those workers are part of a shady trend construction industry experts say is a serious concern — payroll tax fraud.
Adams and Engel: Planning considerations for IRC Section 1031 exchanges
Many commercial real estate owners, even those who previously did not intend to sell, are considering selling their real estate to take advantage of current market conditions. With transactions seemingly becoming quicker each year, it is important for owners to consider many factors when preparing to sell their real estate, including executing an Internal Revenue Code (IRC) Section 1031 exchange.
Trump’s taxes in hand, Manhattan DA’s probe heats up
With former President Donald Trump’s tax returns finally in hand, a team of New York prosecutors led by a newly hired former mob-buster is sending out fresh subpoenas and meeting face-to-face with key witnesses, scrutinizing Trump’s business practices in granular detail.
Rokita joins Republican AGs questioning stimulus barring tax cuts
Republican attorneys general from 21 states, including Indiana, are questioning a provision in the $1.9 trillion pandemic rescue plan that bars states from using its funds to offset tax cuts.
Jury selection set in ex-Portage mayor’s bribery retrial
Jury selection is set to begin Monday in a former northwestern Indiana mayor’s long-delayed retrial on a federal charge alleging that he solicited a bribe from two businessmen.
SCOTUS won’t halt Trump tax record turnover
In a significant defeat for former President Donald Trump, the Supreme Court is declining to step in to halt the turnover of his tax records to a New York state prosecutor. The court’s action Monday is the apparent culmination of a lengthy legal battle that had already reached the high court once before.
Children’s Museum lawsuit over Drake moves ahead amid talks with developer
An effort by the Children’s Museum of Indianapolis to overturn the city’s designation of the Drake apartment building as a historic property has been transferred to federal court — even as the organization continues working with city officials on a plan to salvage the nearby building.
Indiana GOP budget plan boosts school vouchers, smoking tax
Nearly one-fifth of a proposed state funding hike for Indiana’s schools would go toward expanding private school voucher and virtual school programs under a budget plan Republican legislators released Thursday.
Democrats propose $1,400 payments as part of Biden virus relief
House Democrats proposed an additional $1,400 in direct payments to individuals as Congress began piecing together a $1.9 trillion COVID-19 relief package that tracks President Joe Biden’s plan for battling the pandemic and reviving a still staggering economy.
Indiana lawmakers propose using cigarette tax for Medicaid
A House committee made significant changes Thursday to the way Indiana would spend proceeds from a proposal to hike the state’s cigarette tax https://www.theindianalawyer.com/articles/indiana-lawmakers-discuss-doubling-cigarette-tax-rate for the first time in more than a decade and impose a new state tax on vaping liquids.
After rift between partners, court asked to dissolve George & Farinas
Claiming she and her law partner can no longer continue working together, Indianapolis attorney Kathleen Farinas is asking the Marion County Commercial Court to dissolve George & Farinas LLP, appoint a receiver and enter damages against Linda George.
Indiana lawmakers discuss doubling cigarette tax rate
Indiana lawmakers are considering doubling the state’s cigarette tax and imposing a tax on e-cigarettes. If passed, the new $1 per pack tax would be the first increase since 2007 and the measure would also raise taxes on vaping products.