Trump Organization faces criminal tax fraud trial over perks
The Trump Organization is on trial this week for criminal tax fraud — on the hook for what prosecutors say was a 15-year scheme by top officials to hide the plums and avoid paying taxes.
Taxes
Articles
‘Ferocious rate’ of gifting as sunset nears for exemption: Transfer of assets spurred by coming cut in exemption, market downturn
Even though asset values and wealth are being squeezed in today’s economic environment of inflation, rising interest rates and possible recession, estate planning attorneys are looking beyond the current market conditions to the calendar.
Changes made to Indiana Tax Court Rules about filing times, small tax cases
The Indiana Supreme Court has made alternations to the requirements for filing appeals of final determinations in certain tax disputes, among other changes.
Indiana well-positioned to legalize iGaming, state study says
Should Indiana legalize internet casino gambling, better known as iGaming, its introduction would be a “relatively smooth process,” bringing hundreds of millions in tax revenue, according to 103-page Indiana Gaming Commission report released Tuesday.
Statute of limitations correctly applied under Indiana Accountancy Act in tax dispute, COA affirms
The correct statute of limitations was applied in a dispute between an accountant and a business that claimed the accountant’s work resulted in it paying significantly more in federal and state taxes, the Court of Appeals of Indiana has ruled.
Hoosier lawyer is lone plaintiff in lawsuit to block student debt cancellation plan
An Indiana attorney who claims to qualify for the Biden administration’s student loan forgiveness plan is challenging the debt relief, asserting he will face a state tax liability and be worse off because of the U.S. Department of Education’s “end-run around Congress.”
Clarksville man faces prison time for $1M tax fraud scheme
A Clarksville-based private investigator has been sentenced to nine months in federal prison after pleading guilty to a $1 million tax fraud scheme.
NY attorney general sues Donald Trump, his company
New York’s attorney general sued former President Donald Trump and his company on Wednesday, alleging business fraud involving some of their most prized assets, including properties in Manhattan, Chicago and Washington, D.C.
Indiana will tax loan forgiveness, similar to other states
Indiana will tax student debt relief as income, reflecting similar policies in other U.S. states following the Biden administration’s announcement of a forgiveness plan last month.
Tax Court upholds Gary property assessments
A Lake County property owner who saw just one of his four real property assessments reduced for the 2017 year has failed to convince the Indiana Tax Court that the Indiana Board of Tax Review erred in its determinations.
Indiana’s special legislative session cost $240K
Indiana taxpayers were out close to a quarter-million dollars for a special legislative session that saw the passage of a near-total ban all abortions in the state, as well as a deal providing wraparound social services and inflation relief.
Indiana agencies start sending new round of tax rebates
Indiana state tax rebate payments have started to be made by direct bank deposit or printed checks, although some taxpayers will have to wait until October to receive the money.
Trump executive pleads guilty in tax case, agrees to testify
A top executive at former President Donald Trump’s family business pleaded guilty Thursday to evading taxes on a free apartment and other perks, striking a deal with prosecutors that could make him a star witness against the company at a trial this fall.
Townsend: WOTCs can increase diversity, reduce labor shortages
In a tight labor market with diversity, equity and inclusion front of mind, some employers have expanded their outreach to prospective employees under the federal Work Opportunity Tax Credit (WOTC).
Hoosiers could see mailed tax refund checks as early as next week
Hoosiers who still haven’t received their $125 automatic taxpayer refund can expect to see checks in a matter of weeks, state officials said. Hoosiers across the state should also see the $200 payment approved during the special legislative session arrive soon, too.
Indiana governor signs relief bill alongside abortion ban
Indiana’s governor signed a relief bill Friday night that will provide $200 rebate payments from the state’s surging budget surplus.
Indiana House passes spending, inflation relief bill
The Indiana House approved a bill Friday that would provide $200 rebate payments from the state’s surging budget surplus.
Indiana Republicans still split on tax rebate proposal
Indiana Republican lawmakers remained far from agreement Wednesday on whether to go along with the governor’s proposal to give each taxpayer a $225 rebate from the state’s surging budget surplus.
Indiana House advances proposal for spending some of $6.1B surplus
The Indiana House on Friday voted 93-2 to use the state’s unexpected surplus to send $1 billion in taxpayer rebates proposed by Gov. Eric Holcomb.
Indiana House proposes larger, costlier taxpayer ‘refund’ plan
House and Senate Republicans in the Indiana General Assembly remain on a collision course over how to provide inflation relief for Hoosiers after committees from both chambers passed bills that take vastly different approaches.