China slaps extra tariffs of up to 15% on imports of major U.S. farm exports
China announced Tuesday it will impose additional tariffs of up to 15% on imports of key U.S. farm products, including chicken, pork, soy and beef.
Taxes
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Sunsetting soon: Attorneys seeing high interest in estate tax provision as December 2025 end date nears
For some estate law attorneys who handle planning for wealthier clients, Dec. 31, 2025, is circled on their calendars.
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Leading with passion: Tax Court judge Wentworth reflects on career ahead of retirement
While law was the path she wanted, it wasn’t what she chose to do at first. Instead, now-Indiana Tax Court Judge Martha Blood Wentworth was told her options were chorus teacher or nurse — never lawyer.
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Halfway point: A look at key legislation in 2nd half of 2023 session
Here is an update on key legislation affecting not only lawyers, but all Hoosiers statewide. Updates are as of March 10.
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Articles
Trump plans tariffs on Mexico and Canada for Tuesday, while doubling existing 10% tariffs on China
The prospect of escalating tariffs has already thrown the global economy into turmoil — with consumers expressing fears about inflation worsening.
Musk’s DOGE seeks access to personal taxpayer data, raising alarm at IRS
The news comes as roughly 150 million taxpayers prepare to file returns by the April 15 deadline.
Tariffs could reach deep into manufacturing-heavy Indiana
Tariff talk is big these days as economists, manufacturers, industry groups and consumers—everyone, it seems—consider the potential impact of tariffs announced by the Trump administration. Indiana’s manufacturing-heavy economy is especially vulnerable to the uncertainty from tariffs and retaliatory tariffs between nations.
Trump signs a plan for reciprocal tariffs on US trading partners, ushering in economic uncertainty
President Donald Trump on Thursday rolled out his plan to increase U.S. tariffs to match the tax rates that other countries charge on imports, possibly triggering a broader economic confrontation with allies and rivals alike as he hopes to eliminate any trade imbalances.
Trump readies matching tariffs on trade partners, possibly setting up major economic showdown
President Donald Trump is taking additional action to upset the world trade system, with plans to sign an order as soon as Wednesday that would require that U.S. tariffs on imports match the tax rates charged by other countries.
Trump says he will announce 25% steel and aluminum tariffs
President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week.
Republican leaders cast doubt on new state tax relief
Despite being a top priority for new Indiana Gov. Mike Braun, Republican leaders in the General Assembly seem to be taking a more cautious approach to new state tax relief in budget discussions.
Pledges to boost border enforcement prompt Trump to pause tariffs on Canada and Mexico
President Donald Trump on Monday agreed to a 30-day pause on his tariff threats against Mexico and Canada as America’s two largest trading partners took steps to appease his concerns about border security and drug trafficking.
Trump agrees to pause tariffs on Mexico, but import taxes still in place for Canada and China
U.S. President Donald Trump held off Monday on his tariff threats against Mexico for one month of further negotiations after Mexican President Claudia Sheinbaum agreed to send 10,000 members of her country’s national guard to the border to address drug trafficking.
Trump says Americans could feel ‘some pain’ from tariffs as he threatens more import taxes
President Donald Trump said Sunday that Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China, and claimed that Canada would “cease to exist” without its trade surplus with the United States.
Trump says tariffs on Canada and Mexico coming Saturday, and he’s deciding whether to tax their oil
President Donald Trump said his 25% tariffs on Canada and Mexico are coming on Saturday, but he’s still considering whether to include oil from those countries as part of his import taxes.
Libraries fire back on bill to remove taxing authority
A proposal from Republican Sen. Gary Byrne of Byrnesville would remove taxing authority from library boards and give it to the county.
A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?
Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people’s bank accounts or sent in the mail by a paper check.
Tax collections lag, bringing revenues below projections
Indiana’s revenues are down as tax collections continue to lag behind estimates, according to November’s state revenue report. Projections are based on analysis from December 2023 and due for an update next month.
Supreme Court won’t revive Michael Cohen’s lawsuit against Trump claiming retaliatory imprisonment
The Supreme Court rejected an appeal Monday from Michael Cohen, who wanted to hold his former boss and ex-president Donald Trump liable for a jailing he said was retaliation for writing a tell-all memoir.
Indiana ranks well in national fiscal report, earns a ‘B’
Truth in Accounting’s Financial State of the States report gave Indiana a ‘B’ grade, ranking it 15th in the nation.
Treasury proposes rule to prevent large corporations from evading income taxes
Treasury’s proposed rule will be open for comment until Dec. 12, the department said, and there will be a proposed hearing on the rule Jan. 16.
Indianapolis accountant pleads guilty to defrauding IRS of millions
An Indianapolis CPA faces up to three years in prison after he pleaded guilty to assisting in the preparation of false tax returns on behalf of clients who participated in an illegal tax shelter.
Supreme Court upholds a tax on foreign income over a business-backed challenge
The Supreme Court on Thursday upheld a tax on foreign income over a challenge backed by business and anti-regulatory interests, declining their invitation to weigh in on a broader, never-enacted tax on wealth.