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.
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.
The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in February.
Although Majority Republicans in the Indiana Legislature didn’t kill a taxing district meant to help the city of Indianapolis and the not-for-profit Downtown Indy Inc. enhance public safety, beautification and homeless services downtown, the changes they made to the law that authorized it have sent local architects of the district back to the drawing board.
The chief budget architect for the Indiana House of Representatives outlined property tax concerns Wednesday for the next legislative session, with a focus on school referendums and the use of excess levy appeals.
The IRS said it received $225 million from a voluntary disclosure program, which ended on March 22, that let small businesses that thought they received the credit in error give back the money and keep 20%. That money came from more than 500 taxpayers with another 800 submissions still being processed.
Exemptions that allow religious organizations to avoid paying Wisconsin’s unemployment tax don’t apply to a Catholic charitable organization because its on-the-ground operations aren’t primarily religious, a divided state Supreme Court ruled Thursday.
The Pennsylvania-based company that operates Hollywood Casino in Lawrenceburg must pay additional Indiana taxes accumulated over a three-year period, the Indiana Tax Court ruled Wednesday.
The valuation of leased property in an Indianapolis parking garage will stand after the Indiana Tax Court upheld the Indiana Board of Tax Review’s challenged valuation.
A proposed bill that would provide tax exemptions for fetuses drew testimony from pro-abortion-rights and anti-abortion advocates Tuesday — even though the bill admittedly will not become law this year.
The Indiana Toll Road’s lease established it as a publicly maintained road for the 2016 and 2017 tax years, the Indiana Tax Court ruled Wednesday in denying three motor carriers’ claims that they should be awarded motor fuel tax refunds for those years.
A financial company seeking bad debt deductions on defaulted contracts has won partial summary judgment at the Indiana Tax Court.
A Hamilton County woman should have filed her application for a homestead deduction before the end of 2020 to qualify for that assessment year, the Indiana Tax Court ruled Friday in affirming an Indiana Board of Tax Review final determination.
A Bartholomew County property owner timely filed an appeal of their 2018 land assessment, but the Indiana Board of Tax Review’s order to not change the property’s assessed value should stand, the Indiana Tax Court affirmed Wednesday.
The Supreme Court on Tuesday seemed inclined to uphold a tax on foreign income while leaving questions about a broader, never-enacted tax on wealth for another day.
The Supreme Court is taking up a case Tuesday over a Washington couple’s $15,000 tax bill that is widely seen as a test of a never-enacted tax on wealth.
A former financial planner at Carmel-based Valeo Financial Advisors has agreed to plead guilty to two criminal charges related to the misappropriation of $4.69 million in client funds.
A December 2025 deadline might seem far away — but for those who qualify for the estate-tax provision of the Tax Cuts and Jobs Act, now’s the time to decide whether and how to reduce the size of their estates.
Axing Indiana’s individual income tax and replacing just half the revenue with a sales tax hike would cost the state’s poorest residents an additional $62 and hand the top 1% of earners a $30,000 tax cut, a think tank told state lawmakers Friday.
Charles and Kathleen Moore are about to have their day in the U.S. Supreme Court over a $15,000 tax bill they contend is unconstitutional.