Articles

Tax Court finds assessment properly included land

A tenant leasing 31,000 square feet for the operation of five restaurants on the ground level of a parking garage owned by the city of Indianapolis found the Indiana Tax Court had no appetite for the argument that the lease included only the building and not the land underneath.

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Blair and Olsen: On economic downturns, construction problems and taxation

Most of us can relate to the feeling of starting a home project, only to complete half of it (likely not very well) and leave the project as-is for months on end. We certainly can, as much as we might not like to admit it. While our spouses might disagree, partially completed home projects are not really a big deal in the grand scheme of things. But what about partially completed commercial buildings? That’s a different story, especially for tax assessment purposes.

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Suspended attorney indicted on tax charges

Schererville attorney Raymond Gupta, whose law license was suspended in June, has been indicted for tax evasion and failing to file federal tax returns, with the federal government claiming he owes nearly $2 million to the Internal Revenue Service.

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Proper forum for dispute is tax court, not bankruptcy

A federal appellate panel has answered questions as to whether a bankruptcy court can determine the amount of a debtor’s tax obligations when the debtor is unlikely to pay them. Although a U.S. Bankruptcy Court for the Southern District of Indiana answered yes to that question, a district judge disagreed.

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