Month: July 2012

The Pros and Cons of Hardship Distributions to Participants

by Stacey L. Spencer, QKA | Manager, Employee Benefit Services Group In my last article, I discussed the burden of proof on the plan sponsor to assure a hardship request meets the IRS criteria. In this piece, we will look at the pros and cons of taking hardship distribution from the participant’s perspective. As a […]

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State Surplus Means Automatic Refund for Hoosiers

by Felicia Rupp | Senior, Tax Services Group Governor Mitch Daniels announced Tuesday that Hoosiers will be receiving an automatic refund on their 2012 Indiana tax returns due to a $2 billion surplus at its fiscal year end June 30. Single taxpayers can expect to get at least $100 while joint filers can expect at […]

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How the Recent Supreme Court Ruling Affects What You Should Do Now

by Marie Jett, CPA | Manager, Tax Services Group and Larry Greenwalt, CPA | Chairman of the Board   On June 28, 2012 the Supreme Court, in a split 5 to 4 decision, upheld the individual mandate part of the Health Care Reform that each person must have health insurance. With the Supreme Court ruling […]

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