How Casino Operators Can Avoid a Stacked Property Tax Deck

How Casino Operators Can Avoid a Stacked Property Tax Deck

    In the perplexing world of property taxation, it's hard enough to get an appropriate assessment on a good day but even harder when the deck is stacked against you, Ben Blair wrote in the September 2014 issue of Casino Journal. In the shadow of the Great Recession, local tax assessors …

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Indiana Department of Revenue adds back Manufacturer’s substantial inter-company interest expenses claimed on corporate income tax returns

Indiana Department of Revenue adds back Manufacturer’s substantial inter-company interest expenses claimed on corporate income tax returns

  In a September 2014 ruling, a multi-national manufacturer with Indiana locations protested the Indiana Department of Revenue’s decision to add back interest expenses claimed on its corporate income tax returns.  Manufacturer and its affiliates filed separate Indiana income tax returns.  Upon …

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Missing transmittal envelope was not the intentional spoliation of evidence justifying Indiana Tax Court’s dismissal of income tax appeal

Missing transmittal envelope was not the intentional spoliation of evidence justifying Indiana Tax Court’s dismissal of income tax appeal

An Indiana gambler lost another hand in the latest ruling by the Tax Court on his continuing discovery disputes with the Indiana Department of Revenue. On September 18th the Court denied Nick Popovich’s motion for default judgment, costs, and attorney’s fees as sanctions for the Department’s alleged …

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Indiana property tax exemptions: Church permitted to file letter in lieu of application; Trade Association failed to prove split between exempt educational and non-exempt use; conservation group’s 300+ acres of woodlands, lakes and tillable land exempt

Indiana property tax exemptions: Church permitted to file letter in lieu of application; Trade Association failed to prove split between exempt educational and non-exempt use; conservation group’s 300+ acres of woodlands, lakes and tillable land exempt

  Church properly used letter of notification (and not official application) to claim exemption; previously granted exemption rolled forward.   The Indiana Board of Tax Review applied a 100% property tax exemption to a church in Trinity Springs Baptist Church v. Martin County Assessor, Pet. No. …

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Illinois court holds that tax deed was not void for lack of proper notice

Illinois court holds that tax deed was not void for lack of proper notice

Excalibur Energy (“Excalibur”) attempted to void a tax deed for certain property for which the defendant, Marilyn Rochman, also claimed ownership. To achieve this end, Excalibur filed a new action in circuit court for ejectment claiming that because the tax deed did not include a legal description of the …

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Indiana Supreme Court refuses to apply a company’s foreign source dividend deduction to its NOL calculations

Indiana Supreme Court refuses to apply a company’s foreign source dividend deduction to its NOL calculations

On August 25, 2014, the Indiana Supreme Court issued its decision in Indiana Department of State Revenue v. Caterpillar, Inc., holding that the plain meaning of the Indiana tax statutes prohibited the company from increasing its net operating losses (NOLs) by deducting foreign source dividend income.  The Court …

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