Should You E-File Your Tax Returns?

With just two weeks remaining until tax returns are due, let’s see how the numbers add up with respect to tax filings within Indiana: More than 3.2 million Indiana individual tax returns are filed each year. Eighty-five percent of these returns are filed electronically. So, why are taxpayers choosing to file electronically? E-filed returns are processed

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Where’s My Refund?

This year, approximately two-thirds of Indiana taxpayers are eligible to receive state tax refunds. Filing taxes electronically and choosing to have your refund deposited directly into a checking or savings account is the fastest and safest method to receive your money. The Indiana Department of Revenue takes an average of 14 days to process an

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Questions To Ask Your Tax Preparer

Many taxpayers get help when preparing and filing their taxes. Regardless of who prepares your taxes, you are ultimately responsible for: the information provided on your tax return, filing your tax return (or extension) on time, and paying any taxes, interest, or penalties due. Here are five questions to ask a tax preparer before you

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Tax Return Tips

Millions of Hoosiers complete tax returns every year. Whether you have years of tax filing experience or you’re a first-time filer, these tips will help you have a simple and stress-free tax season. Determine whether you need to file. If you live in Indiana, work in Indiana, or have income from Indiana sources, you likely

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Tax Refund Delay

Tax refunds may come later than usual this year thanks to Uncle Sam. Total tax refund volume is down 33% through late January compared to the year ago period as cited by the IRS. The delay is a new tax law, The PATH Act, aimed at combating fraud, especially for those who claim the Earned

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Out-Of-State Income Tax Returns

Do you live in one state and have investments in another state? If so, you may find your income tax filings a bit more complicated. Full-year residents of a state must report all income that is reported for federal income tax purposes on their resident income tax return. If your out of state income source

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How Can You Prevent Identity Theft During Tax Season?

It’s the time of year when we scramble to gather our W-2s to file taxes before the April 18 individual income tax deadline. As you gather important paperwork, remember it is vitally important to keep this information safe from identity thieves. How can you prevent an identity thief from stealing your refund? We are so

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Tax Season 2017 Is Here!

Tax season 2017 has officially launched! Have you started gathering documents in anticipation of the April 18 deadline? Remember that as you’re preparing for the upcoming tax season, identity thieves are too. This time of year, fraudsters are especially prominent. They’re gearing up to steal real taxpayer identities and file fraudulent tax returns to steal

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Attention Indiana Auto and Equipment Dealers

The Indiana Department of Revenue gave us all quite a scare by revising the “trade in deduction” guidance when computing Indiana sales tax liability. Essentially, the revised interpretation reduced the value of a trade by any lien or encumbrance when calculating sales tax. Under this interpretation, if a customer is “upside down” on the trade

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Notice to all Auto and Equipment Dealers

Urgent Notice to all Auto and Equipment Dealers: The Indiana Department of Revenue recently changed their guidance on the sales tax deduction attributable to the value of a trade in.  Before December 1, 2016 the fair market value of the trade in reduced the sale subject to Indiana sales tax.  Effective December 1, 2016 guidance

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