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The Pros and Cons of Hardship Distributions to Participants

by Stacey L. Spencer, QKA | Manager, Employee Benefit Services Group In my last article, I discussed the burden of proof on the plan sponsor to assure a hardship request meets the IRS criteria. In this piece, we will look at the pros and cons of taking hardship distribution from the participant’s perspective. As a reminder, a hardship distribution ...

Now is the Time to Make Sure You Are Taking Good Care of Your Financial Self

By Jim Wagoner, CPA | Partner, Director of Tax Services Group and Larry Greenwalt, CPA | Chairman of the Board Of course you should also be taking good care of your physical self also! These two areas are in fact inter-related. You have heard many times about the importance of regular physical exams, good choices in food selection (and moderation), ...

State Surplus Means Automatic Refund for Hoosiers

by Felicia Rupp | Senior, Tax Services Group Governor Mitch Daniels announced Tuesday that Hoosiers will be receiving an automatic refund on their 2012 Indiana tax returns due to a $2 billion surplus at its fiscal year end June 30. Single taxpayers can expect to get at least $100 while joint filers can expect at least $200. The exact amount taxpayers ...

How the Recent Supreme Court Ruling Affects What You Should Do Now

by Marie Jett, CPA | Manager, Tax Services Group and Larry Greenwalt, CPA | Chairman of the Board   On June 28, 2012 the Supreme Court, in a split 5 to 4 decision, upheld the individual mandate part of the Health Care Reform that each person must have health insurance. With the Supreme Court ruling behind us, we want to highlight the major tax ...