Trump sues IRS, Treasury for $10B for tax-return leak
The suit was filed Thursday in Miami federal court by Trump, his sons Donald Jr. and Eric, and the Trump Organization, which manages the president’s real estate holdings.
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
Indiana set to opt out of some of Trump’s federal tax cuts
Republican fiscal leaders, however, haven’t said which of the dozens of other new federal tax cuts—including the temporary deductions for workers who receive tips and overtime wages—will be extended to state taxes.
Municipal groups welcome newly filed bills to adjust local income tax structures
The proposed legislation would allow Indiana municipalities to collect more income taxes, in most cases, and would remove requirements that income tax rates be voted on each year.
Bankruptcies surge as companies grapple with inflation, tariffs
At least 717 companies filed for bankruptcy through November, according to data from S&P Global Market Intelligence. That’s roughly 14 percent more than the same 11 months of 2024, and the highest tally since 2010.
Indiana lawmakers to weigh joining Trump’s tax cuts
Republican legislators are poised to take up proposals on conforming the state tax code with federal rules after the legislative session resumes Jan. 5.
US tariffs are having an uneven effect on holiday prices and purchases
Along with the unpredictable tariffs, stubborn inflation and weak hiring have shaken consumer confidence in the U.S. economy.
Supreme Court weighs Trump tariffs in a trillion-dollar test of executive power
The Constitution says Congress has the power to levy tariffs. But the Trump administration argues that in emergency situations the president can regulate importation taxes like tariffs.
A major question for the Supreme Court: Will it treat Trump as it did Biden?
Key legal principles at the heart of conservative challenges to major initiatives in the Biden years are driving the arguments in the fight against Trump’s tariffs, which is set for arguments at the high court on Wednesday.
Beyond redistricting: Indiana’s special session to tackle tax update, too
Gov. Mike Braun has asked legislators to bring the state’s tax code in line with recent, major federal changes — warning of “discrepancies” between Indiana and federal law that could complicate 2025 tax filings.
IN Tax Court orders Tippecanoe County assessor to obtain counsel for appeal
The Indiana Tax Court denied a county assessor’s attempt to represent his office in an appeal before the court, citing his lack of legal expertise as a risk of a non-attorney representing others and his use of a fictitious citation.
IN Supreme Court reverses tax court decision, rules in favor of Lake County assessor
The Indiana Supreme Court reversed a state tax court decision on Tuesday, in a case that examined the constitutionality of Indiana’s one-acre limit on a homeowner’s property tax liability.
United States imposes 17% duty on Mexican tomatoes
The U.S. government said Monday it is immediately placing a 17% duty on most fresh Mexican tomatoes after negotiations ended without an agreement to avert the tariff.
Cigarette, gas tax hikes coming to Indiana July 1
The price of a pack of cigarettes is expected to average $11 after the tax jumps from $1 to $3, per the Indiana Chamber of Commerce. Other tobacco and nicotine products will also get pricier.
Strategic legislative revisions aid renewed Indiana drive for tolling
Indiana Gov. Mike Braun’s administration is getting serious about tolling to make up for falling fuel tax revenue and upgrade aging highways — eight years after former Gov. Eric Holcomb’s administration backed away from the prospect.
Muncie-area tax preparer gets prison sentence after falsifying 382 tax returns
Christina Moles, (also known as Tina Lashley), 50, of Redkey was sentenced to 18 months in prison after she pleaded guilty to wire fraud and aiding and assisting the making of a false federal income tax return.
Indiana Legislature adopts tight budget with cigarette tax hike, widespread cuts
The Indiana Legislature approved a pared-down $46.2 billion state budget bill early Friday morning that will triple the state’s cigarette tax and cut funding for a wide swath of entities and programs.
China imposes a 34% tariff on imports of all U.S. products starting April 10
China announced Friday that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. President Donald Trump’s “Liberation Day” slate of double-digit tariffs.
Indiana lawmakers seek to regulate, tax low-THC products
On Wednesday, lawmakers on the House Ways and Means Committee voted to add a 15% excise tax to the products. The legislation now moves to the full House.
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.
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.