JW Marriott tax appeal survives motion to dismiss
The third appeal of a 2010 tax assessment against the JW Marriott in downtown Indianapolis has survived a motion to dismiss brought by the Marion County assessor.
Tax Issues
Articles
Tax Court has jurisdiction in riverboat casino case, judge affirms
Arguments about who has jurisdiction in an Indiana riverboat casino case ended Thursday with a ruling that the Indiana Tax Court has retained jurisdiction over the case.
Tax sale for which landowner wasn’t given notice reversed
The LaPorte County auditor’s failure to check records that would have revealed the actual address of a Michigan City property owner whose land was sold without notice for back taxes was a denial of constitutional due process, the Indiana Court of Appeals ruled Tuesday. The appeals court reinstated the landowner’s challenge to the tax sale results and remanded the case.
Soshnick: Debunking fiction? Tax affecting S corporation valuations in divorce cases
A recent case from a United States district court has garnered much notoriety and created major waves that may revive the important conceptual topic and signify broader acceptance of S corporation tax affecting in business valuations.
IndyBar: A Changing Landscape — Q&A with Ben Blair and Changes You Need to Know About Unclaimed Property Laws
Why is the Tax Section hosting an event on unclaimed property? We sat down with Ben Blair of Faegre Baker Daniels LLP and speaker at the upcoming program on August 6, “Escheat Happens: What Lawyers Need to Know About Unclaimed Property Liability” to talk a little bit about it.
House committee files lawsuit over Trump tax returns
A House committee has filed a lawsuit in federal court seeking President Donald Trump’s tax returns.
Tax Court reverses denial of Goshen library budget for $60 overage
The Indiana Tax court has reversed a decision that cut a Northern Indiana public library’s funding after it was found to be $60 over budget for the 2018 tax year. The tax court ruled the Department of Local Government Finance abused its discretion in its decision.
Divided Supreme Court upholds civil forfeiture reimbursement of law enforcement
The practice of diverting civil forfeiture proceeds away from the Common School Fund to reimburse law enforcement costs is constitutional under Article 8, Section 2 of the Indiana Constitution, the Indiana Supreme Court has ruled, answering the longstanding question of whether the constitution requires all forfeiture proceeds to go to the Common School Fund.
Jailed Fort Wayne attorney gets interim suspension for embezzlement convictions
A Fort Wayne attorney currently serving a six-month embezzlement sentence in federal prison has been suspended from the practice of law in Indiana effective immediately following his felony convictions. The Indiana Supreme Court issued an order of interim suspension against Randall B. Stiles, who was sentenced in March to six months behind bars for two counts of felony bankruptcy fraud and one count of misdemeanor failure to file a tax return.
Justice backs Mnuchin’s refusal to turn over Trump’s taxes
The Justice Department issued a legal opinion Friday finding Treasury Secretary Steve Mnuchin was right to withhold President Donald Trump’s tax returns from a House committee that subpoenaed them.
Lueken: Tax Cuts and Jobs Act requires review of irrevocable trusts
Have you reviewed your clients’ estate plans since the Tax Cuts and Jobs Act of 2017 (“Tax Act”) took effect? Among its myriad changes, the Tax Act drastically increased the federal estate tax exemption.
Kissel & Snellenbarger: When to tell the IRS about gifts to children
When giving gifts to children, we think about birthdays and achievements, but we rarely question whether those gifts are taxable or reportable. Even if only using a portion of your lifetime exemption, be sure gifts to children are reported when necessary.
Crime sentences, vaping tax up for Indiana lawmaker panels
Indiana lawmakers will be looking at prescription drug prices, crime sentences and taxes on vaping liquids in the coming months. Those are among the more than 40 topics that leaders have assigned to committees ahead of next year’s General Assembly session.
JW Marriott’s second assessment appeal also premature, Tax Court rules
The Indiana Tax Court has again dismissed an appeal filed by downtown Indianapolis JW Marriott owner Convention Headquarters Hotels LLC regarding its real property assessment, after the judge similarly ruled the appeal as premature.
Tax Court remands for revaluation of shopping center
Capitalization rates determined by the Indiana Board of Tax Review for an Anderson shopping center were found to be improper by the Indiana Tax Court and were thus reversed Wednesday.
Search warrants tied to former Trump lawyer Cohen released
Months before the FBI raided the office and hotel room of Donald Trump’s former personal lawyer Michael Cohen, investigators were examining the flow of foreign money into his bank accounts and looking into whether the funds might be connected to a plan to lift sanctions on Russia, according to court filings unsealed Wednesday.
Tax Court affirms calculated property tax cap on Kokomo property
The Indiana Tax Court has affirmed the property tax liability assessed against a Howard County urban development company, finding issue with the company’s argument concerning Indiana’s definition of gross assessed value.
Tax Court limits boat maker’s witness, expands discovery
The Indiana Tax Court has partially denied the Indiana State Department of Revenue’s motion to exclude a tax service provider’s report in the Department’s litigation against a southern Indiana boat maker.
SCOTUS says 1 state can’t be sued in another’s courts
The Supreme Court of the United States is ruling that one state cannot unwillingly be sued in the courts of another, overruling a 40-year precedent.
Tax Court affirms $2.12 million assessment of Anderson Wigwam
Anderson Wigwam high school basketball arena owners have lost their appeal of a final determination upholding the assessment of its real property for the 2015 tax year at more than $2 million.