1099s Explained: The Basics
Receiving a 1099 is becoming more and more common with the rise in small businesses, side hustles, and the desire for a second stream of income. With ..
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What are Deferred Tax Liabilities?
Last week we broke down deferred tax assets and how they can help reduce tax liability. Today, we’re breaking down its counterpart: deferred tax..
Read MoreSpecial Need Planning: ABLE Accounts
If you are the parent or grandparent of a child with special needs, the importance of incorporating a special needs planning component into your..
Read MoreWhat Are Deferred Tax Assets?
When looking into the net worth of a business or individual, one of the first couple of things we look at are assets and liabilities. Assets are..
Read MoreHow Are Gambling Winnings Taxed?
Most people dabble in gambling at some point in life. It might look like a day at the racetrack, a quick stop at the gas station for a lottery ticket,..
Read MoreHow Does an ILIT Fit Into My Estate Plan?
Funeral planning may not be the first thing you think about when you contemplate your estate plan; however, it is something that you should consider..
Read MoreWhat Happens If I Die Without an Estate Plan in Place?
Every adult should have at least a rudimentary estate plan in place; yet, over half of all Americans do not. This is the case despite most of those..
Read MoreHow to Keep Good Tax Records
Tax time can be a stressful period for individuals and businesses alike. However, maintaining accurate and organized tax records throughout the year..
Read MoreCan I Have a Passport If I Owe Back Taxes?
A passport is an essential travel document that allows individuals to explore new horizons, visit foreign lands, and experience diverse cultures...
Read MoreWhen Does the IRS Pursue Criminal Charges?
Tax evasion and tax fraud are federal crimes that involve the willful attempt to either evade the assessment or the payment of taxes. But at what..
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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