By Felicia Rupp and Marie Jett, CPA | Members of the Tax Services Group The Internal Revenue Service is alerting taxpayers of potential scammers that may be trying to take advantage of you during this tax season. These scammers are using the IRS name and logo to make an email appear authentic in an […]
by Anita Sherman, CPA | Managing Partner and Marie Jett, CPA | Manager, Tax Services Group The election is over. For employers and plan sponsors that adopted a ‘wait and see’ approach before focusing on Obamacare compliance issues, the time for waiting is over. Indiana is not planning on creating an insurance exchange, so individuals […]
By Marie Jett, CPA | Manager, Tax Services Group and Larry Brodnik, CPA | Senior Partner, Tax Services Group On November 21st the Governor announced that Indiana taxpayers who filed/file full year returns for both 2011 and 2012 will receive a credit on their 2012 tax returns equal to $111 (single filer) and $222 (joint […]
by Marie Jett, CPA | Manager, Tax Services Group 2012 FUTA Rates for Indiana Employers When employers pay their federal unemployment taxes (FUTA), they receive a rate credit when they pay their state unemployment taxes. The FUTA rate for employers is 6%. Employers can receive a rate credit of up to 5.4%, effectively making the […]
by Abbey R. Lakin, Senior, Tax Services Group | Marie Jett, CPA, Manager, Tax Services Group In 2009, Indiana lawmakers passed legislation requiring all homeowners to file a simple form with their county auditor verifying their eligibility for the state’s homestead property tax deduction on their primary residence. The legislation required verification forms to be […]
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 […]
by Marie Jett, CPA | Manager, Tax Services Group On March 20, 2012, the Governor signed into law Senate Enrolled Act 293 that changes the exemption amounts and eventually calls for the phase-out of the Indiana Inheritance Tax. Prior to January 2012, the Indiana Inheritance Tax was calculated based on different classes of exemptions and […]
by Felicia Rupp and Marie Jett, CPA | Team Members of the Tax Services Group On February 17, Congress passed H.R. 3630, the Middle Class Tax Relief and Job Creation Act of 2012 (the Act) and sent it to the President for his signature and he is expected to sign the bill promptly.
by Marie Jett, CPA | Manager, Tax Services Group Back on November 21, President Obama signed into law P.L. 112-56, 3% Withholding Repeal and Job Creation Act. Back in 2005, Congress passed a law that would require federal, state, and local governments to withhold 3% from payments made to entities providing services or goods to […]
by Melissa Merrick and Marie Jett, CPA | Team Members of the Tax Services Group In the October 13 issue of our enewsletter, we reviewed with you the tax deductions that are scheduled to sunset in 2011. There are also several tax credits that are scheduled to end in 2011. A tax credit is a […]