Blog

  1. 2021 Advanced Child Tax Credit

    Parents Claiming Minor Children If you do not or will not have children under the age of 18 listed on your 2019, 2020, or 2021 tax returns, please ignore this letter.  For parents claiming minor children (children under age 18) …

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  2. Are You the Victim of Identity Theft?

    If you have ever been a victim of identity theft with the IRS, you will automatically receive in the mail every year a one-time PIN # to use when you file your tax return.  Several clients give me the PIN …

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  3. Indiana College Donation Credit

    Here we go again, letting you know one more time that there is another way to receive tax credits towards your Indiana tax return liability. If SGOs or NAPs tax credits seem too complicated to contribute or complete, then the …

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  4. Scholarship Granting Organization Tax Credit (SGO Credit)

    If you are keeping up with our blog posts, you might have seen that we mentioned one way Indiana payers could save on their state taxes. In the last post, we talked about Neighborhood Assistance Program Tax Credits and what …

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  5. Indiana Neighborhood Assistance Program Credit (NAP Credit)

    Saving on your year-end taxes can sometimes be confusing and hard to figure out. People think that the more money you make, the more taxes you will have to pay, but that is not always the case. Many Hoosiers do …

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  6. SEP IRA for the Self-Employed

    Imagine living the good life; being your own boss and business is good.  But even after you retire, you still want the good life.  Investing in a SEP IRA is one way you may be able to keep the good …

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  7. Backdoor Roth IRAs

    The backdoor Roth IRA-its name makes it sound sneaky.  It sounds stealthy.  It sounds like a way to beat the system.  But what is it really? High-earning taxpayers are not allowed to contribute to a Roth IRA—why?  That’s an excellent …

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  8. Roth IRAs

    Just like Britney Spears, Roth IRAs have been popular since 1998.  But with all the different types of IRAs out there, you could go crazy trying to figure out which one is right for you.  Read on to help yourself …

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  9. Traditional IRAs

    So, you have some extra money, and someone told you that you should put it in a traditional IRA.  But what exactly is a traditional IRA, and why would you want to invest in one? A traditional IRA is a …

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  10. 2Q Estimated Tax Payment are Due

    For those who make estimated tax payments, it is that time of year again!  June 15th is the due date for second-quarter estimated taxes. Anyone who makes significant amounts of money that do not have taxes withheld from it should …

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  11. Memorial Day

    In observance of Memorial Day, SBS will be closed Mon., May 30th.

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