Indiana Corporate Income Tax:  Wireless Service Providers’ Refund Claims Fail to Connect in Tax Court

Indiana Corporate Income Tax: Wireless Service Providers’ Refund Claims Fail to Connect in Tax Court

In Vodafone Americas Inc. and Vodafone Holdings LLC v. Ind. Dep’t of State Rev. (June 18, 2013), Taxpayers (collectively “Vodafone”) owned various entities that, in turn, owned a 45% interest in a general partnership organized under Delaware law.  The partnership (doing business as Verizon Wireless) provided … [Read more...]

Indiana Tax Court Decides Foreign Source Dividends Are Deductible in Calculating Indiana NOLs

Indiana Tax Court Decides Foreign Source Dividends Are Deductible in Calculating Indiana NOLs

On March 28, 2013, the Indiana Tax Court issued its decision in Caterpillar, Inc. v. Indiana Dept. of State Revenue, holding that dividend income from foreign subsidiaries is deductible when calculating Indiana net operating losses.  The decision presents an opportunity for Indiana taxpayers with income from … [Read more...]