Trump’s tax returns released after long fight with Congress
Democrats in Congress released six years’ worth of former President Donald Trump’s tax returns on Friday, the culmination of a yearslong effort.
Taxes
Articles
Should the state ax its individual income tax?
A powerful Indiana Senate Republican plans to introduce legislation next year to create a commission to consider changes to Indiana’s tax structure, including phasing out the state income tax.
IRS mandatory presidential audit policy goes under spotlight
An IRS policy governing the audits of tax returns filed by U.S. presidents is under new scrutiny after a report found the agency failed to perform the mandatory inspection of Donald Trump’s returns until Congress pressed for information about the process.
Indiana Senate proposes reevaluating state’s tax structure
Some state senators are touting the possibility of reinventing Indiana’s tax structure to determine whether the state could eliminate individual and corporate income taxes.
Trump Organization convicted in executive tax dodge scheme
Donald Trump’s company was convicted of tax fraud Tuesday for helping executives dodge taxes on extravagant perks such as Manhattan apartments and luxury cars.
Treasury making Trump taxes available to House committee
The Treasury Department said Wednesday it has complied with a court order to make former President Donald Trump’s tax returns available to a congressional committee.
Appellate court provides reprieve to homeowners not notified of tax sale
Citing the requirements of equity and due process, the Court of Appeals of Indiana has reversed a tax sale, finding the homeowners did not receive any notice that their Madison County property was being sold.
Supreme Court OKs handover of Trump tax returns to Congress
The U.S. Supreme Court on Tuesday cleared the way for the imminent handover of former President Donald Trump’s tax returns to a congressional committee after a three-year legal fight.
Council committee OKs $15.5M in TIF bonds for Marion Co. Jail II redevelopment
The planned $120 million revamp of the former Jail II building and Arrestee Processing Center in downtown Indianapolis by 1820 Ventures could be aided by $15.5 million in tax increment financing bonds, pending full City-County Council approval.
Tax Court affirms Lake Co. assessments, cites lack of evidence in record
A development company seeking a significant reduction in Lake County tax assessments failed to offer sufficient evidence to support a reduction, the Indiana Tax Court has affirmed.
Roberts delays handover of Trump tax returns to House panel
Chief Justice John Roberts on Tuesday put a temporary hold on the handover of former President Donald Trump’s tax returns to a congressional committee.
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.
‘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.