Tax Law

various blank USA tax forms

IRS Tax Credits for Schooling

If you, your spouse, or child is a student, you could qualify for the American Opportunity Tax Credit or the Lifetime Learning Credit.  Even if you qualify for both credits, you can only claim one per student in a tax year. The American Opportunity Tax Credit can be taken for […]

Read More

set of american dollar bills as background

Donald Trump’s Proposed Tax Legislation

Tax rates for married taxpayers with income less than $75,000 is supposed to be 12%.  If income is between $75,000 and $225,000 and you’re a married taxpayer, the tax rate is supposed to be 25%.  For taxpayers earning more than $225,000 the rate is supposed to be 33% if you’re […]

Read More

Entity Forms to Consider When Starting Your Indiana Business

When starting a business in Indiana, entrepreneurs should consider the advantages and disadvantages of forming a sole proprietorship, a corporation, and a limited liability company. The simplest form of business is the sole proprietorship.  A sole proprietorship is a business entity owned by one individual who performs the majority of […]

Read More