The Indiana Department of Revenue wants taxpayers who sent in paper checks for payment of their 2010 income tax liability to anticipate that those checks could take until June 1, 2011 to process. The Department received about 500,000 paper returns and checks after the April 18 deadline. These returns and payments must be processed manually. Manual processing takes more time than processing returns and payments which were submitted electronically.
How To Avoid the 10-Year Tax Trap With an Inherited IRA
Inheriting an IRA might feel like a financial win, but the rules today are different than they were just a few years ago. If you’re not up to date, an unexpected tax bill could catch you off guard. Here’s what changed, and how to plan around it. Changes Made by the...