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.
Tax Issues
Articles
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.
Indiana gets $159K from Sephora tax fraud settlement
International beauty supply chain Sephora USA Inc. has paid Indiana a settlement to end a fraud lawsuit filed against it, Attorney General Curtis Hill’s office announced.
Refusal to hand over Trump’s tax returns sets up legal fight
Treasury Secretary Steven Mnuchin has made it official: The administration won’t be turning President Donald Trump’s tax returns over to the Democratic-controlled House. The move, which was expected, is sure to set in motion a legal battle over Trump’s tax returns.
Tax Court denies boat maker’s motion to strike investigatory report
A southern Indiana barge and water vessel manufacturer hit rough waters after the Indiana Tax Court denied its motion to strike an investigatory report and testimony presented in its income tax refund litigation.
Tax Court rules for gamblers in interpretation of federal modification
The Indiana Tax Court granted partial summary judgment to two professional gamblers who received unwanted adjustments to their adjusted gross income tax liabilities after the court concluded the Indiana Department of State Revenue’s interpretation of federal modification was unreasonable.
Former Indy-area attorney pleads guilty to tax evasion
A former attorney in Brownsburg who prepared tax returns for clients in the Indianapolis area has pleaded guilty to trying to evade payment of his own taxes and faces as much as five years in prison and a $250,000 fine.
State lawmakers working to close loophole in online sales, hotel taxes
Indiana is one step closer to closing what lawmakers describe as a loophole in online sales and hotel tax collection.
Suspended attorney to serve 6 months for bankruptcy fraud, embezzlement
A suspended Fort Wayne attorney will serve six months in jail and has been ordered to pay nearly $240,000 in restitution after he pleaded guilty to embezzlement and tax fraud charges stemming from personal and client bankruptcy proceedings.
Manafort gets 47 months; Trump feels ‘very badly’ for ex-campaign chair
Former Trump campaign chairman Paul Manafort has been sentenced to nearly four years in prison for tax and bank fraud related to his work advising Ukrainian politicians, much less than what was called for under federal sentencing guidelines.
Tax Court vacates previous remand in McCordsville dispute
Three months after remanding a dispute to the Indiana Board of Tax Review with instructions to conduct another hearing, the Indiana Tax Court has vacated that opinion and ruled the claims by co-trustees are barred and untimely.
Tax Court upholds 26 percent increase in home valuation
The Indiana Tax Court has upheld a 26 percent increase in a home valuation after finding that the homeowners failed to properly rebut the removal of an obsolescence adjustment.
IndyBar: Nothing is Certain Except for Death and Taxes … Unless You Have a Property Tax Exemption
Whether a property qualifies for a property tax exemption is a question routinely asked in real estate transactions as developers and buyers explore options to reduce and budget for ongoing costs.
Portage mayor convicted of bribery, tax charge
A jury has convicted a northwestern Indiana mayor of one count each of bribery and tax obstruction while acquitting him of a second bribery count. The jury returned the verdicts Thursday against 38-year-old Portage Mayor James Snyder.
Tax Court affirms reduced Jeffersonville Meijer assessment
The Clark County assessor has lost her appeal of a determination that lowered the assessed value of a Jeffersonville Meijer store when the Indiana Tax Court found she failed to prove the decision was contrary to law, unsupported by substantial evidence, or was an abuse of discretion.
Maurer students again offering free tax services
Starting this week, Indiana University Maurer School of Law students will continue their annual tradition of helping qualified Monroe County residents prepare their taxes for free.