News & Resources

Nevada’s New Commerce Tax

  Last week, Nevada enacted a new Commerce tax that is based on gross revenue assigned to Nevada.  (The definition of Nevada gross revenue includes all sales of tangible products shipped to a buyer in Nevada, services performed for Nevada

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Indiana Sub S Corporations May Now File Electronically

  The 90,000 Indiana Sub S Corporations are now able to electronically file their 2014 annual business tax filings (IT-20S).  The Indiana Department of Revenue will expand electronic filing to other Corporation types in the future. Our tax department encourages

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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

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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.

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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

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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

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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

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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

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