Tax Knowledge

//Tax Knowledge

Tax Knowledge

Knowledge is Power!

Stay informed on current tax law!

I know, that’s why you have us… but if you should choose to educate yourself on some of the more common tax policies that concern you, we have broken them down into layman’s terms and explanations.

Have a read and of course, if you have any questions, Don’t hesitate to give us a call at 317-984-7666

2016 Updates

What’s new for 2016: At the end of December 2016, congress unanimously passed a [...]

Adoption

The Basics: Claim the Adoption Credit or exclude up to $13,400 for qualifying adoption [...]

Advice & Consulting

Get professional and personalized advice about tax issues, accounting and financial planning that can [...]

Alternative Minimum Tax

The Basics: The Alternative Minimum Tax (AMT) was designed to catch people who avoid [...]

Charitable Deductions

The Basics: You can deduct your contributions to charitable (non-profit) organizations only if you [...]

Combat Zone Exclusions

The Basics: Exclude certain pay from your income while working in a combat zone. [...]

Divorce

The Basics: Alimony is both deductible by the payer and taxable to the recipient. [...]

Financial Aid

The Basics: When applying for financial aid, you may need to provide a copy [...]

Just Married

The Basics: First of all – Congratulations! Next – call us and let us [...]

Kiddie Tax

Under the kiddie tax rules, part of a child´s investment income might be subject [...]

Late Filing

The Basics: If you file on time, but don’t pay the entire balance you’ll [...]

Medical Deductions

The Basics: If your employer has a flexible spending arrangement, consider using it to [...]

New Baby

The Basics: Qualify for credits including the Child Care Credit, the Child Tax Credit, [...]

Record Keeping

What and how long? The old concept of keeping all receipts and pitching them [...]

Rental Income

The Basics: The money you receive for the use of real estate is taxable [...]

Retirement Planning

The Basics: Social Security is a foundation for retirement, but you will generally also [...]

Saving for Education

The Basics: A Coverdell Education Savings Account (ESA) provides a tax-efficient way to save [...]

Scams and Fraud

Don't Fall Prey to the 2015 Dirty Dozen Tax Scams The Basics: Be wary [...]

Small Business

The Basics: If you conduct a business activity on a regular basis with the [...]

Starting a Business

In this world there are leaders and followers. An entrepreneur is definitely a leader. [...]

Year-End Planning

The Basics If your medical expenses don’t add up to 10% of your adjusted [...]

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