Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more traditional ways to gamble and play the lottery. If you’re lucky enough to win, be aware
Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July of 2021 rose 17.8% over July of 2020. The median home price
EMPLOYING A REMOTE WORKFORCE? DON’T FALL RISK TO STATE AND LOCAL TAX NONCOMPLIANCE As companies start operating in multiple states or employing remotely based individuals, State and Local Tax becomes something we need to pay more and more attention.
In April 2021, Indiana announced an expansion of the Indiana Small Business Restart Grant to help accelerate economic recovery activity by supporting Hoosier entrepreneurs and small businesses. The program provides working capital to eligible companies by reimbursing certain expenses
As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to family members and loved ones
In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires and other disasters. No matter where you live, unexpected disasters may cause damage to your home or personal property. Before the Tax Cuts and Jobs
Employer-provided life insurance is a coveted fringe benefit. However, if group term life insurance is part of your benefit package, and the coverage is higher than $50,000, there may be undesirable income tax implications. Tax on Income You Don’t
According to the Indiana Department of Revenue, some 2020 IT-40 Income Tax notices were recently sent in error. They incorrectly calculated late penalties on the Q1 & Q2 2020 estimates, since paid July 15, 2021. Their system is supposed
As a follow up to last week’s proposed infrastructure bill, below are some of the items that have been discussed this week by the House Ways and Means Committee during their markup hearings. Increasing the highest individual tax rate
Potential for the estate exemption to go down to $5M indexed for inflation on January 1, 2022. Date of Enactment Changes Changes to grantor trust rules – inclusion of grantor trusts in the estate for post enactment transfers. If
The House Ways and Means Committee is expected to consider legislation Labor Day week that would change the income tax rate on capital gains as part of the pending infrastructure bill. While the language of this bill is not
There may be a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose eligibility for government benefits to which they’re entitled. It can be done though an Achieving a
