The nomination period has begun for the 2024 Boards of Directors for the Indianapolis Bar Association AND the Indianapolis Bar Foundation. There are also opportunities for service with the Association's Section and Division Executive Committees.  Volunteering with IndyBar is an invaluable opportunity to play a role in the future of our legal community.

DATE: November 2022
The Indiana Department of Revenue (“Department”) would like to highlight the process of how a tax warrant is issued as well as provide tips on how to spot a fake tax warrant.

By – Alex Szarenski and Benjamin Floreancig, Katz Sapper & Miller

Tax treatment of research and development expenses has changed for 2022 and beyond, and not for the better. Read on to see just what your authors have to say.

By – Jake Sciaudone and Benjamin Floreancig, Katz Sapper & Miller

Read on as these two clearly lay out exactly how cost segregations effect depreciations. 

Senate Enrolled Act 408 (2020) added IC § 6-8.1-5-1.5 to the Indiana Code. Under this statute, an affected taxpayer, whether an individual, joint filers, or a business, may request a secondary review of a Department of Revenue (DOR) audit result, application denial, investigation, an adjustment to the taxpayer’s original or amended return, or any review of the taxpayer’s records which results in a net operating loss, capital loss, credit, or any tax attribute which does not – at the time of the adjustment – result in an immediate assessment or refund denial for any taxable year.

Effective July 1, 2022, Indiana’s Utility Services Use Tax and Utility Receipts Tax were repealed. Check out Information Bulletin #202.

Indiana imposes a motor carrier fuel tax on certain commercial motor vehicles (e.g., semitrucks) that access and drive on Hoosier roads.  Currently under advisement before the Indiana Tax Court is B.L. Reever Transport, Inc., et al. v. Indiana Department of Revenue, Case No. 20T-TA-00009, which challenges whether the Indiana Toll Road is a public maintained highway for purposes of the motor carrier fuel tax.  The case summary and pleadings are available via Case Search - MyCase (in.gov). 

Hoosiers love their sports. It’s no secret! Professional athletes can also make big bucks. It’s no secret either. But, have you ever wondered what the tax consequences of those big salaries are? If so, I would like to invite you to an important and exciting upcoming IndyBar CLE on August 31 at IndyBarHQ!

Check out this article regarding recent changes in federal tax policy. 
https://www.nytimes.com/live/2022/08/07/us/climate-tax-deal-vote

As a tax practitioner of more than 15 years, it never ceases to amaze me how intimidated people are when receiving notices in the mail. The most common reasons are leaving something off of your tax return, internal adjustments and failure to file or pay. What should you do when you get them? The obvious answer is don’t throw them away!