Indiana House Republicans are mulling legislation to delay local referendums to increase school property taxes until the fall election, a move that could have major implications for a rebuilding plan for Indianapolis Public Schools.
A House lawmaker is reviving an effort to make changes to the business personal property tax that would offer a bit of a windfall to small-business owners while reducing local government revenue.
The official start date of the 2023 tax filing season is Jan. 23, when the IRS will begin accepting and processing 2022 returns, the agency announced Thursday.
Indiana lawmakers are drawing up changes to the state’s property tax system, with high value assessments last spring pointing toward potentially high bills this year. But their approach has been cautious.
An Indianapolis physician has pleaded guilty to understating his taxes by about $361,000 over a four-year period, a felony.
When buying out a spouse’s business interest, the temptation is to draw funds from the corporation to pay. However, the potential unintended tax consequences of this approach can be both significant and detrimental.
Democrats in Congress released six years’ worth of former President Donald Trump’s tax returns on Friday, the culmination of a yearslong effort.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The Indiana Supreme Court has made alternations to the requirements for filing appeals of final determinations in certain tax disputes, among other changes.