Deadline looms on estate-tax option
A December 2025 deadline might seem far away — but for those who qualify for the estate-tax provision of the Tax Cuts and Jobs Act, now’s the time to decide whether and how to reduce the size of their estates.
Taxes
Articles
Replacing income tax with sales tax hike would cost poor Hoosiers more, experts say
Axing Indiana’s individual income tax and replacing just half the revenue with a sales tax hike would cost the state’s poorest residents an additional $62 and hand the top 1% of earners a $30,000 tax cut, a think tank told state lawmakers Friday.
Supreme Court dispute over $15,000 IRS bill may be aimed at never-enacted tax on billionaires
Charles and Kathleen Moore are about to have their day in the U.S. Supreme Court over a $15,000 tax bill they contend is unconstitutional.
Purchaser of tax sale parcels met constitutional, statutory notice requirements to property owners, IN Supreme Court affirms
A company’s repeated efforts to notify a Madison County couple by mail that their properties had been sold at a tax sale met federal and state notice requirements, the Indiana Supreme Court affirmed Wednesday.
Tax Court affirms assessment, finding claim waived
A taxpayer failed to prove that it was incorrect to make her present market-based evidence to support her property value, the Indiana Tax Court has ruled in affirming a decision from the Indiana Board of Tax Review.
Hunter Biden sues IRS over tax disclosures after agent testimony
Hunter Biden sued the Internal Revenue Service on Monday, alleging that two agents who claimed interference into the case against him wrongly shared his personal tax information amid escalating legal and political struggles as the 2024 election looms.
Tax Court upholds higher assessments after untimely challenges
After a series of back-and-forth decisions, a higher assessment will remain in place for land owned by a Bartholomew County couple whose challenge to that higher assessment for two tax years was untimely.
Carmel files lawsuit over state law that diverts local income tax funds to Fishers
The city of Carmel filed legal action this week against three state financial agencies over a law that diverts local income tax revenue from Carmel to Fishers.
Hunter Biden plea deal falls through, at least for now, after judge expresses concern over agreement
President Joe Biden’s son Hunter’s plea deal on two tax charges fell apart Wednesday, at least temporarily, after the federal judge hearing his case expressed concern over a related agreement on a more serious gun possession charge.
Annual Tax Sale Seminar set for Aug. 4
The Indiana Tax Sale Seminar will be back again next month for its 24th year.
New state laws taking effect July 1 on birth control, speeding tickets, gas prices
The bulk of this year’s new legislation will take effect July 1, with changes ranging from increased access to contraceptives to greater restrictions for public school educators.
Hunter Biden will plead guilty in deal that likely averts time behind bars in tax, gun case
President Joe Biden’s son Hunter will plead guilty to federal tax offenses but avoid prosecution on a separate gun charge in a deal with the Justice Department that likely spares him time behind bars.
Indiana Tax Court judge to speak at state and local tax symposium
Indiana Tax Court Judge Martha Blood Wentworth will be giving a keynote address at the State and Local Tax Symposium June 16 at Northwestern University’s Pritzker School of Law.
Indiana gas tax hike set following GOP extending annual jump
An Indiana agency confirmed Tuesday that the state’s gasoline tax will go up by one cent this summer under an annual increase that Republican legislators voted recently to extend by three years.
Indy dermatologist gets probation, $360K in restitution for underreporting $1.2M in income
An Indianapolis dermatologist has been sentenced to three years of probation for underreporting at least $1.2 million in taxable income over a three-year period. David Gerstein, 63, of Hamilton County, has also been ordered to pay $360,669 in restitution.
A look at key issues during Indiana’s legislative session
The Indiana General Assembly concluded the year’s regular session early Friday. Here are some key issues debated during the nearly four-month session.
COA reverses setting aside of tax deed, finds ‘constitutionally adequate’ notice
The failure of two property owners to receive any of the multiple notices sent to them regarding the tax sale of their property did not create an “exceptional” case warranting the setting aside of the tax deed, the Court of Appeals of Indiana has ruled.
Chauvin, convicted of killing George Floyd, pleads guilty in tax case
The former Minneapolis police officer convicted in the 2020 killing of George Floyd pleaded guilty Friday to two tax evasion counts, admitting that he didn’t file Minnesota income taxes for two years due to “financial concerns.”
Shipbuilder not entitled to research tax credit, 7th Circuit affirms
The 7th Circuit Court of Appeals has affirmed the denial of a research tax credit for a southern Indiana shipbuilder.
Ex-Anderson Schools bookkeeper sentenced to 28 months after stealing nearly $1M from school corporation
An Anderson bookkeeper who stole nearly $1 million from a school corporation has been sentenced to 28 months in federal prison after pleading guilty to wire fraud and falsifying tax documents.