Check out this week's report of tax related legislation.

Recent challenges, ranging from the pandemic to widespread social unrest born of racial inequalities, have caused employers across all industries to take a careful look at their diversity and inclusion practices in the workplace and likewise have created a unique need for diverse legal counsel. The Indianapolis Bar Association takes pride in its diverse legal community and is committed to promoting continued diversity as evidenced in its annual Diversity Job Fair, and we need your help.

Check out this week's report of tax related legislation.

The IRS has issued guidance related to the reinstatement of the excise tax, also known as the Superfund chemical tax, imposed on certain chemicals and modifies the applicable tax rates, effective July 1, 2022. This tax is imposed on any taxable chemical sold by the manufacturer, producer, or importer of the chemical.

Have you heard? The IRS has provided guidance on its new documentation requirements for administrative refund claims related to the R&D credit for increasing research activities. The IRS has posted its guidance in FAQ format.

The 2022 IndyBar Tax Planning and Updates CLE on January 25 is designed to give you a better understanding of a wide variety of tax issues at the federal level. The issues we'll cover apply to both individuals and business entities and will primarily focus on 2021 developments resulting from federal legislation, court cases on tax related issues and IRS publications and regulations.

Starting January 1, 2022 IRS Freedom of Information Act (FOIA) fees for search efforts, review efforts and duplication of records increased to the following, regardless of requester category type.

The IndyBar is proud to be a finalist for the ABA's 2022 Louis M. Brown Award for Legal Access! You can help our Virtual Ask a Lawyer program win the Brown Select Award, which is determined by public vote.

Local government taxing districts that include Southlake Mall likely will have to pay millions of dollars in refunds to the mall's owners after a long-running property tax assessment dispute was resolved Wednesday in the mall's favor.

Sens. Ron Wyden, D-Ore.; Pat Toomey, R-Pa.; and Cynthia Lummis, R-Wyo are drafting an amendment to cryptocurrency language in the infrastructure bill which would clarify who qualifies as a “broker”. The current language was criticized by cryptocurrency industry advocates as overly broad and including entities who do not broker digital assets or have customers whose information needs to be reported to the IRS.