Form 1099-Q: What It Is and How to Use It
Did you receive Form 1099-Q this tax year? The Internal Revenue Service (IRS) requires payers to send you this tax form if you took distributions..
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Should I Contest a Will in Indiana?
When a loved one passes away, a period of grieving and heightened emotions typically follows. At some point, the terms of the decedent’s Last Will..
Read MoreAdvantages of Lifetime Gifting
One of the most important aspects of estate planning is gifting assets. Not only must you decide how to pass down assets, but you also need to decide ..
Read MoreForm 1099-PATR: What It Is and How to Use It
If you are a member of a cooperative who received patronage dividends last year, you might find yourself holding Form 1099-PATR this tax season. Not..
Read MoreDo I Need a Will If I Have a Trust?
When creating an estate plan, it is common to utilize a trust to distribute assets efficiently, avoid probate, and provide privacy. If you decide to..
Read MoreWriting Off Gambling Losses on Your 2024 Taxes
The post Writing Off Gambling Losses on Your 2024 Taxes appeared first on TaxAct Blog.
Read MoreEverything You Need to Know About Form W-9
If you’re a freelancer or a career independent contractor, you’re probably familiar with a W-9 form. As far as tax paperwork goes, it’s one of the..
Read MoreWhat Is Form W-2, and How Does It Work?
Have you ever wondered how to make sense of Form W-2? A W-2 form is more than just a piece of paper; it’s a breakdown of your income, taxes, and..
Read MoreOctober Celebrations: National Estate Planning Awareness Week
National Estate Planning Awareness Week (NEPAW) is an annual event that takes place every October, aimed at educating individuals and families about..
Read MoreShould I Use a Trust or a UGMA/UTMA Account to Protect Assets Intended for My Minor Child?
A Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) account is often used by parents or grandparents as a tool to transfer ..
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How lifetime gifting can affect estate administration
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Can You Receive an Early Inheritance from an Indiana Trust?
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Pet Planning in Your Indiana Estate Plan
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Partial Trust Distributions in Indiana