Blog

  1. Roth IRA Conversions and the new tax law

    The new tax law should be causing Financial Planners and Tax Advisers to have more of their clients undertake Roth IRA conversions due to the fact that many experts agree that Federal income tax rates must increase because the Federal …

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  2. Tax Planning due to new tax law changes

    I recently met with two different small business clients and we made some changes that will allow them to save several thousand dollars per year in Federal income taxes.  This is possible for both of these Indiana businesses due to …

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  3. Scams where people call and claim to be Internal Revenue Service Agents

    Several of our clients have received phone calls from people claiming to be with the Internal Revenue Service in the last few weeks.  These phone calls are scams and recently many of the people calling are even leaving messages with …

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  4. Memorial Day Holiday

    Spring flowers have bloomed and the trees have leaves so that must mean that summer is just around the corner! Next Monday is the unofficial beginning of the season and we hope you have something planned to enjoy the holiday. …

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  5. No Passports for Delinquent Taxpayers!

    Planning an international trip this summer?  Make sure your taxes are paid up before applying for your passport!  Thanks to the FAST Act that was signed into law in December 2015, starting January 2018 the State Department has the ability to deny …

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  6. New Reasons to set up Donor Advised Fund

    With the new standard deduction set at $12,000 for single filers or $24,000 for married filers, less people will be able to itemize their deductions. Bunching deductions into one year has always been a tax strategy so you itemize one …

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  7. HSA Contribution Limits for 2018

    Every year the IRS announces the new contribution limits to HSA plans. For 2018, they announced that the 2018 limit for a family plan was $6,900 and the limit for an individual plan was $3,450. For some reason, the IRS …

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  8. Appealing Property Tax Assessment

    If you own real estate in Allen County Indiana, you have recently received or will soon receive a notice from the Allen County Assessor (state forms 21366 or Form 11). Basically, this is the annual reassessment of your real property …

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  9. What happens if I didn’t pay or file my taxes by the deadline?

    Tax season for 2018 is finally over.  The close did not go as smoothly as expected as the IRS’s computer systems crashed on the due date. Thus, the IRS gave everyone an extra day to file and pay their taxes. …

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  10. Business Tangible Personal Property Taxes

    As one tax season ends, another, more local one begins: business tangible personal property taxes (PPT). Don’t be fooled by the name, this has nothing to do with your personal belongings.  The technical definition of business personal property is everything …

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