News & Resources

Partnership Holding Property for Development

The Tax Court recently examined the character of the gain on property sold to Centex Homes by GDLP (a limited partnership). The Tax Court examined several factors and found many favored the taxpayers, including: The property had never been substantially

Read More

IRS Data Breach

  The IRS announced Tuesday, May 26, 2015 that criminals used taxpayer data acquired from non-IRS sources to gain access to information through the IRS’ “Get Transcript” application. This data included Social Security information, date of birth and street address.

Read More

The Month of May in Indiana

  The greatest spectacle in racing will occur in Indiana this weekend. We pray for safety and enjoyment for all of the auto drivers, crew members and racing fans. Indianapolis will welcome over 400,000 spectators to the largest single-day sporting

Read More

State of Indiana Refund Opportunity

  The U.S. Supreme Court ruled that Maryland’s personal income tax scheme is Unconstitutional, and we see an opportunity to file refund claims for open years in the state of Indiana. In a 5-4 decision, the U.S. Supreme Court has

Read More

State and Local Tax Update – Spring 2015

Ohio CAT Tax and the Bright-Line Presence Standard: The Ohio Board of Tax Appeals recently upheld the “bright-line presence” nexus standard with regard to the Commercial Activity Tax (CAT). In two similar cases, retailers (Newegg, Inc. and Crutchfield, Inc.) with

Read More

Big Win for Indiana Microbreweries!

  Senate Bill 297 was passed in the 2015 legislative session. The bill increases the limits of the amount of beer that a small brewery can produce, and sell in-state, annually by threefold (from 30,000 barrels to 90,000).  The other

Read More

Withheld Income Tax in Cleveland

  Cleveland, Ohio lost a case against Jeff Saturday and, in another related case, to a Chicago Bears linebacker. Jeff Saturday was hurt and going through physical therapy in Indianapolis during a Colts/Browns game in 2008. While he was watching

Read More

Is Your Business Growing?

  Spring is the time when flowers and grass grow, but how about your business? Many states and localities offer tax credits and incentives to encourage economic development.  Oftentimes, a business can overlook tax credit opportunities because management is too busy

Read More

Don't Miss
an Update!

Are you ready for a customized approach?

Request a consultation