Tax Blog

Top 5 Takeaways from the National NATP Conference

August 21, 2019

Blog by Tim McGuffin, EA - Staff Accountant

Members of the Storen Financial team recently attended the National NATP Conference in Chicago, IL in order to further our tax knowledge and gain insights into the most recent changes in the tax law. 

The National Association of Tax Professionals’ goal is to help tax professionals serve their clients with the...


Help Send Storen Over the Edge

August 16, 2019

Storen will be raising $3000 to send Lynn Prust, Doug Johnson, and one of our clients, Greg Lanham over the edge on September 27th in the heart of downtown Indianapolis!

These three will be rappelling 17 stories down the Barnes & Thornburg Building. All of the proceeds from this event will benefit Central Indiana Youth for Christ. Indy's Over the Edge is a fundraiser to help stop...


Shred-it Day August 24th

August 8, 2019

Our Shred-it Day is coming in August! 

The Rays paper shredding truck will be at our Brownsburg office on August 24th to instantly shred all your personal documents on site. Our Shred-it event is a secure way to get rid of your documents containing personal information all at one time. We enjoy providing this service to our clients and surrounding community. We...


How are Indiana taxes different than other states?

July 24, 2019

Blog by Doug Johnson – Staff Accountant, Storen Financial

Did you, a friend, or family member just move to Indiana and have questions about your taxes?  Here are a few of the most frequently asked questions related to the differences between Indiana and other state’s tax returns. 


How are Indiana State and Local taxes...


New Building Update and FAQs

July 18, 2019

Blog by Greg Storen, MBA – Owner, Storen Financial

Our new building in Zionsville, Indiana is moving along at a rapid pace! We currently have brick on 1/3 of the structure and indoor framing is well underway. As our new office takes shape, we thought we’d answer a few questions that have come up about our move...

Frequently asked...


American Tax Professional Group Meeting

June 27, 2019

Kim Storen and Greg Storen attended the American Tax Professional Group Meeting (ATPG) in Helena, MT this week. This is a group of 15 large tax practice owners from around the country.  Large is defined as a practice preparing from 500 tax returns to 9000 returns (Storen completes approximately 5400 annually). 

These meetings give our team an opportunity to hear various...


Charitable Giving and the New Tax Cuts and Jobs Act

June 21, 2019

The 2017 Tax Cuts and Jobs Act made major changes to the tax code including a decrease in individual income tax rates and an increase in the standard deduction to $24,000 for a Married Couple and $12,000 for a Single Filer. The nearly doubled standard deduction means it may be more advantageous for taxpayers to file using the lump sum deduction rather than itemizing all the mortgage interest...


2018 Filing Extensions

April 2, 2019

Have you filed your 2018 return? Tax Day is quickly approaching and time is running out! Do not fret; if we prepared your 2017 return as a courtesy to you, we will automatically extend your return at no additional cost. By filing Form 4868 your time to file will be extended by six months to October 15th. However, April 15th will remain your deadline to pay 2018 tax liability. If you...


FAQs: Marginal Tax Rate

February 22, 2019

“What’s the maximum wage can I make before I get moved to the next tax bracket?” is a question our preparers get asked all the time.

What many clients do not understand is The United States uses a progressive tax system and utilizes marginal tax rates. For consumers this means that every dollar you make within a given tax bracket is taxed at the assigned...


Proof of Dependency

February 22, 2019

Reminder: proof of dependency is mandatory! If you are claiming dependents on your 2018 return, then you will need proof of residency and relationship in order to receive the $2,000 Child* Tax Credit or $500 Other Dependent** Tax Credit. These credits can make a large difference in the outcome of a return so it is important to bring the documentation required to receive the...


FAQs: Gifting

January 14, 2019

Will I pay tax on gifts I provide? Will the recipients of my gift pay tax on the amount?

Every year our accountants get questions on gifting and the rules that surround it. Debate no longer; gifting does not create negative current tax year outcomes! Gifts are not included in recipients’ income but instead are tracked on a separate Gift Tax Return of the giver, if the amount...


2 New Dates! 2019 Tax Law Conversation

January 14, 2019

Due to overhelming demand we have added two new dates for a conversation with Kim Storen, EA, about recent changes in the tax law! 



 Monday, January 28th, 2019


Storen Financial Featured in Hendricks County Business Leader Magazine

January 10, 2019

The Storen family has left its mark on central Indiana

By Deanna Hindsley

The year I graduated from high school, Pat Storen began his career. I didn’t know Pat then and little did I know that 55 years later I would be writing the story of Storen Financial. 

That same year in 1963, his son Greg was born. In the winter months of each tax season, Pat traveled...


Tax Law Update Conversation with Kim Storen, EA

December 11, 2018

Do you have questions about the significant tax law changes for 2018 and how they may affect you?

Join us for an in-depth conversation with Kim Storen, Owner and EA, 

 Tuesday, January 15th, 2019

6pm - 7pm


Zionsville Building Groundbreaking Update!

Staff Report

October 4, 2018

Businesses announce groundbreaking for new building
on Zionsville Town Hall campus

A new chapter for longtime Zionsville business owners begins Fri., Oct. 5, 2018, when officials will
break ground at 5 p.m. for the new 1120 West building in front of the new Zionsville Town Hall.

Greg Storen, owner of...


New Zionsville Location


August 29, 2018

We are excited to announce the Zionsville Office will soon have a new location!  Today, we closed on the land for our new building at 1120 W. Oak Street, Zionsville. The new location will be in front of Town Hall next to Starbucks. We are moving from our current 1600 sq ft space to a new 4500 sq ft space in the new building!  Construction will begin in October of this year. Our...



Seena Gressin, FTC

December 29, 2017

Are you looking forward to getting your tax refund in the new year? Tax identity thieves may be looking forward to getting your refund too. That’s why the FTC has designated January 29-February 2, 2018 as Tax Identity Theft Awareness Week. Learn to protect yourself from tax identity theft and IRS imposter scams, and what to do if someone you know becomes a...


Fun Facts from Filing Season 2017

date provided by

May 22, 2017

We know taxes aren't typically "FUN" but here are some "fun facts" from Filing Season 2017, courtesy of

Total number of returns processed as of 4/21/2017: 128,789,000

122,164,000 of those returns were e-filed.

312,255,666 visits were made to

$268.296 Billion in...


Did you file an extension? Important deadlines ahead!

staff report

May 16, 2017

Did you file an extension?

Keep in mind that the deadline for most extended filers is October 16th, 2017. 
You don't need to wait that long, however. Many of our clients who chose to extend their returns have already been in to have appointments to complete their returns. 

Own a business and filed an extension? Your tax return may be due...


Due date to file your Business Property Tax is May 15th

staff report

May 11, 2017

Business owners,

Don't forget that May 15th is the deadline to file your business (tangible) property tax return with your local county. Be aware--they do not grant


We're here year-round to serve you!

staff report

April 24, 2017

Tax season may be over, but remember, we're here year-round to serve you.

Have a question? Give us a call!

Starting a business and want to discuss accounting, payroll and tax needs? We're ready to help!

Want to schedule a tax projection meeting so you are ready next year? Right


Office hours and closures

staff report

April 18, 2017

HOURS: We will be here until 5 p.m. on Tuesday April 18th.

(April 18th is tax day, the last day to file your return in a timely manner.)

We will be closed Thursday, April 20th and Friday, April


Is that tax call a Scam? IRS turns over overdue taxes to private debt collectors.

staff report with information provided by

April 5, 2017

After years of telling you that the IRS will not call to collect your debt, it looks like things are changing a bit. Some overdue tax debt will be turned over to private debt collectors.


Some key points though:

You will get a letter mailed to you first warning that you are affected.

You will never be asked to pay with gift...


Tax Time -- The Countdown is On!

staff report

March 30, 2017

Procrastinators, greetings from Storen Financial! We are here to serve you in your time of need, but time is running out. Your best option is to gather up your documents and stop in for a few minutes to fill out a handful of forms, and then leave the rest to us. Just ask for our "Drop-off Service."


And remember, if you're thinking about filing an extension, it's not a...


It's not too late-Make your appointment today!

staff report

March 21, 2017

The countdown is on to the end of tax season!

laughingDon't worry, we still have time to do your taxes! smile



Are you looking for tax forms?

staff report

March 9, 2017

Are you looking for tax forms? Hitting the local library or an IRS service center?

We have great news for you!

Most forms can be found at

Save yourself some time and check there


Way Back When-A Little Tax History

staff report with information provided by

March 7, 2017

Americans have been been paying income tax since 1862....

Here is how the first 10 years went.

Don't you long for the day of 3-5% tax on incomes?money-mouth

Historical Highlights of the IRS (courtesy of...


The IRS has 1 BILLION, yes BILLION, dollars in unclaimed refunds

staff report with information provided by

March 2, 2017

Whoa! We could not believe this.

The IRS has $1 Billion, yes 1 B-I-L-L-I-O-N, in unclaimed tax refunds.

So we read the fine print, and there is a catch. These are potential refunds for people who have not yet filed their 2013 returns.

Indiana alone is estimated to have 21,700 people due an average of $788 for a total of more...


Where's My Refund? There's an App for that!

staff report

February 28, 2017

Where's My Refund?

There's an App for that! Really! You can also check online or by phone.

As tax professionals, we aren't privy to any inside knowledge about the status of your refund. We use the same tools that are available to you.

How you check is up to you.


Online Resources from the IRS can help you avoid the Rush

staff report with information provided by

February 23, 2017

Online Options Help You Avoid Rush

February marks the peak demand for IRS toll-free telephone and office services. They receive thousands of telephone calls per hour. But, the vast majority of people calling or seeking appointments at Taxpayer Assistance Centers can find their answers faster on...


Make Tax Time Less Taxing

staff report

February 22, 2017

It's Tax Time! Are you pressed for time? Ask us about our convenient drop off option. Stop in, fill out a couple of forms, leave your documents, and we will take it from there. We will call you with any questions, or to ask for additional items. Once your return is complete, we will contact you and you can pick it up at your convenience! Call 317.852.7000 for more information on this option...


IRS releases Dirty Dozen tax scams for the season

staff report with information provided by

February 21, 2017

Interesting aware!

Report courtesy of


IRS Recaps “Dirty Dozen” List of Tax Scams for 2017

Each year, the Internal Revenue Service issues a list of the top 12 tax-related scams it sees throughout the year. The IRS “Dirty Dozen” highlights various schemes that taxpayers may encounter anytime,...


Happy Valentine's Day!

staff report

February 14, 2017

Happy Valentine's Day to You, our awesome clients!

Things we love at tax time: 

10. A waiting room filled with our great clients! :)

9. kids laughing in the playroom

8. hot coffee & cold water--oh and McAllister's Tea!

7. Questions--keep 'em coming! That's what we're here for--and why we log...


NEW State of Indiana Security Features for tax filing

courtesy of Indiana Department of Revenue

January 24, 2017

This report is courtesy of the Indiana Department of Revenue:

The Indiana Department of Revenue again will implement the Identity Protection Program for the 2017 tax season. This program is designed to not only stop fraud, but to deter fraud in the state of Indiana. Since its inception in 2014, the Identity Protection Program has stopped more than $100 million in fraudulent refund...


Refunds delayed! Already. :( And Season hasn't even started

staff report

January 9, 2017

Refunds are delayed even before they started! The IRS is cautioning taxpayers to be patient. Don't count on that refund landing in your bank account in a timely fashion. It will be a waiting game this year.

They are forecasting refund delays--UNTIL at least FEB. 27th--for those taxpayers claiming the Earned Income Tax Credit or the Additional Child Tax...


It's almost Tax Time!

staff report

January 5, 2017

It's almost tax time!

We're so excited to see you. Can now to schedule your appointment at either of our 2 convenient locations: 317-852.7000

We have a ton of client resources for you located under the "Client Resources" tab on our website. Check them


Happy! Merry Merry! Joy! Peace!

Storen Financial

December 20, 2016

We hope you have a wonderful holiday season filled with happiness, joy and peace! It's almost time for The Most Wonderful Time of the Year for us--TAX Season!

If you're as excited as us, you can call now to schedule your tax appointment by calling 317.852.7000.

If you're not quite that excited, take some time to start gathering your tax items....


Taxes & Trump

staff report

November 22, 2016

Our clients have been asking what tax changes they might see based on President Elect Trump's Tax Plan. We won't be issuing any political statements, but thought we would pass on some highlights of his proposal and some caveats.

Keep in mind, tax changes were not included in his plan for his first 100 days in office issued today. Also, any changes to the 4 million word tax code...


Be glad you filed! IRS going after non-filers!


October 27, 2016

We're sharing some news straight from the Treasury Inspector General for Tax Administration! Be glad that you file a return. (And if you haven't gives us a call and we will help.)


WASHINGTON — The Treasury Inspector General for Tax Administration (TIGTA) today publicly released its audit report of the Internal Revenue Service’s (IRS) nonfiler...


Direct news from the IRS: New Scam-Fake Tax Bill Emails


September 22, 2016

Remember, the IRS will not email or use social media to send you a bill!

Article courtesy of the IRS

IRS and Security Summit Partners Warn of Fake Tax Bill Emails

WASHINGTON — The Internal Revenue Service and its Security Summit partners today issued an alert to taxpayers and tax professionals to be on guard...


Deadlines! There's more to tax deadlines than April 15th!

staff report

September 8, 2016

April 15th! We're all familiar with the tax deadline. After the 15th, we can just take it easy, right? Nope! We're here year-round to serve you. In fact, just next week, on Sept. 15th, there is another important deadline.

If your business filed an extention last spring, your time is up. Sept. 15th is the deadline to file your tax return. Don't delay!

Also, if you are in...


A taxing dilemma....Did you miss the 60-day time limit for properly rolling over an IRA? The IRS issued some relief!

staff report with information provided by

August 30, 2016

 On  August 24, 2016, the IRS issued Revenue Procedure 2016-47, which allows an individual to complete a late 60-day rollover of retirement funds using a self-certification.

Before this procedure was issued, if an individual withdrew funds and didn't get them rolled...


Congratulations Chloe!

staff report

August 15, 2016

CONGRATULATIONS CHLOE! We are so proud of Brownsburg's own, Olympic Athlete--AND MEDAL WINNER-- Chloe Dygert!

She won a silver medal in the track cycling team pursuit event! WOW!


Welcome National Association of Tax Professionals!

staff report

August 9, 2016

The Team at Storen Financial would like to welcome the National Associate of Tax Professionals to Indianapolis! Our very own Kim Storen has been working with the Indiana Chapter of NATP to host a great conference for attendees from all over the country. We'll be sharing what all of our Storen tax professionals learned this


The pride of Brownsburg, Indiana! Go Chloe!

staff report

July 28, 2016

Did you know Brownsburg has an athlete headed to the Olympics?

 Chloe Dygert!


Summer Camp!

News from the IRS

June 21, 2016

Are your kids headed to summer camp while you work this summer? Or while you look for work? If your kids are under age 13, you might be able to claim it as a childcare expense. Check out IRS Publication 503 at this link for more information:   


Is work clothing deductible?

tax staff report

June 20, 2016

Have you ever wondered if the clothing you are required to wear for work is tax deductible? According to a recent ruling, most clothing is probably not deductible. 


The Tax Court said there are  three criteria used to determine if you can deduct the cost of clothing as a business expense:

1) The clothing is required and essential in the...


When Doves Cry

tax staff report

May 12, 2016

When Doves Cry--Do you have a will?

If you are of a certain age, you might have stayed up to hear "When Doves Cry" on the Top 10 at 10 on the local radio station. If you're like us, you're mourning the passing of Prince.

We're not the only ones crying. It seems Prince died without a will. You might think it doesn't matter--no spouse, no kids, plenty of money. What's the...


Yikes! Did the IRS send you a letter? Here's What to Do.

Storen Financial Staff Report

April 19, 2016

Tax season is over, but don't worry, we are here all year long to help you. 

This comes in handy if you get a letter from the IRS. 

It's usually no cause for alarm. They literally send out millions of letters and notices each year.

Our advice to you is simple.

Open it... Don't leave it sitting collecting...


Payment Tips from the IRS including the "No Staple Request" (see #9)

courtesy of the IRS at

April 15, 2016


Paying Your Taxes; Tips to Remember

The IRS offers several payment options if you owe federal tax. Here are some key points to keep in mind when you pay your taxes this year.

1. Never send cash. Electronic payment options are the quickest and easiest way to make a tax payment. You can pay online, by phone or with your mobile device.

2. When...


IRS creates Tax Design Challenge--Do you have Ideas for a better taxpayer experience?

courtesy of the IRS at

April 11, 2016

“Tax Design Challenge” Begins Soon
Public Invited to Imagine the Taxpayer Experience of the Future

Follow us @IRSNews #taxdesign

IR-2016-53, March 30, 2016

WASHINGTON — The Internal Revenue Service today announced the upcoming start of its first Tax Design Challenge crowdsourcing competition to encourage innovative ideas for the taxpayer...


Governor signs ABLE Act into law in Indiana

press release courtesy of

March 22, 2016

Courtesy of

Indianapolis – Governor Mike Pence today signed into law the Achieving a Better Life Experience Act (Senate Enrolled Act 11), which creates a savings program for Hoosiers to better provide for their loved ones with special needs by allowing them to save money for disability-related costs without placing other benefits at risk. The bill is aimed at easing the...


Indiana Department of Revenue stops tax refund fraud


March 17, 2016

According the the Indiana Department of Revenue's twitter feed, they have stopped $2 million in tax refund fraud this tax


Direct Deposit Scam- Don't Be Fooled!

staff report

March 16, 2016

The latest scam reported this tax season from the IRS involves scammers phoning taxpayers at random and saying "I have your tax return ready, can you give me your direct deposit information?" 

(or your social secuity number or other personally identifiable information.)

Unwittingly, some people have given out their bank information or social security number to the...


Adoption Tax Credit-Top Facts

courtesy of the IRS at

March 10, 2016

Top Facts about the Adoption Tax Credit

courtesy of the IRS at

If you adopted or tried to adopt a child in 2015, you may qualify for a tax credit. Here are ten things you should know about the adoption credit.

1. Credit or Exclusion. The credit is nonrefundable. This means that the credit may reduce your tax to zero. If the credit is more than your tax,...


The Top Ten Reasons You Might Be Paying Too Much in Taxes

staff report

March 8, 2016

We compiled a list of the Top Ten Reasons You Might Be Paying Too Much in Taxes.

In no particular order, here they are:

1) Dividends
2) Capital Gains
3) IRA distributions
4) Annuity distributions
5) Retirement distributions creating
taxable social security
6) Missed deductions
7) Not deducting charitable gifts
8) Penalties for...


Dial 317! INDIANAPOLIS Area to get new area code overlay

Staff report

March 3, 2016

Get ready to dial 317 soon, even for local calls. The Indianapolis area is getting a new area code overlay, because we are running out of numbers using the existing 317 area code.

Key Facts:

  • New area code is 463
  • How to remember: 463 spells IND on the keypad.
  • Customers with existing 317 phone numbers will keep them.
  • When the area code...



courtesy of

February 29, 2016

Five Things You Should Know about the Child Tax Credit  

The Child Tax Credit is an important tax credit that may save you up to $1,000 for each eligible qualifying child. Be sure you qualify before you claim it. Here are five useful facts from the IRS on the Child Tax Credit:

1. Qualifications. For the Child Tax Credit, a qualifying child must pass several...


IRS Reports a New Surge in IRS Email Schemes during the 2016 Tax Season

courtesy of

February 19, 2016

Consumers Warned of New Surge in IRS E-mail Schemes during 2016 Tax Season; Tax Industry Also Targeted

IR-2016-28, Feb. 18, 2016

WASHINGTON - The Internal Revenue Service renewed a consumer alert for e-mail schemes after seeing an approximate 400 percent surge in phishing and malware incidents so far this tax season.


The emails are designed to trick...


Those FAKE IRS phone calls have fired up again

the Team at Storen Financial

February 16, 2016

Boone County has been experiencing another wave of fake but menancing IRS phone calls. My parents and sister have had multiple calls, but they knew they were FAKE calls because we talked about it 2 years ago when the first calls were hitting Indiana. My parents were threatened with a class action lawsuit by the FAKE IRS. My sister was told she could be jailed by the FAKE IRS....


Zionsville Times Sentinel Name Kim Storen #1 Accountant

staff report

February 16, 2016

Congratulations to our very own Kim Storen! The readers of the Zionsville Times Sentinel voted her #1! The Z'List votes were tallied and Kim was named Best Accountant. Proud of


It's Here! Tax Season has Started!

The Team at Storen Financial

January 26, 2016

WE're so excited to see you! It's Here! Tax Season has finally started!

Call now to make your appointment: 317.852.7000

Days, evenings and Saturday appointments available at our Brownsburg AND Zionsville locations.

Wondering what to bring to your appointment? Click here:


Identity Theft Video Series from the IRS is now available on YouTube

courtesy of the IRS at

January 14, 2016

Identity Theft Video Series Available; Special Series to Help Taxpayers Avoid Pitfalls and Stay Safe Online
IRS YouTube Video
Security Summit Identity Theft Tips Overview: English
Taxes.Security.Together.: English

IR-2016-04, Jan. 11, 2016

WASHINGTON — In coordination with the state revenue departments and the tax industry, the Internal Revenue...


IMPORTANT! Tax Amnesty Letter mailed over the weekend from State of Indiana update

November 2, 2015

We've received dozens of calls and emails this morning from our clients asking about a Tax Amnesty letter sent by the State of Indiana featuring the phone number 1-844-464-6829 in the upper right corner.

We contacted the Indiana Department of Revenue this morning about the letter in question and they shared that it was sent by a 3rd party vendor without final approval...


From the What? File: The IRS says no more to $100Million Dollar Checks

September 17, 2015

Are you scratching your head yet? In this latest announcement from the IRS:

Announcement 2015–23, page 311.

The Federal Reserve will not accept checks that are larger than

$99,999,999.00 and agencies have been directed to return

these checks to the originator. Beginning January 1, 2016, IRS

will begin returning checks for more than $99,999,999.00...


State of Indiana announces Tax Amnesty 2015

Courtesy of Indiana Department of Revenue

August 20, 2015

Tax Amnesty 2015 is a limited-time opportunity for both individuals and businesses to pay past-due base taxes free of penalty, interest, and collection fees. Tax liabilities, for all tax types managed by the department, for periods ending prior to Jan. 1, 2013, are eligible to participate in Tax Amnesty 2015. Approximately 40 different tax types are eligible for participation. Taxpayers who...


IRS epic fails for 2015: 8.8 million hangups, 37% of calls answered, 23 minute average "on-hold"

Courtesy of National Taxpayer Advocate

July 30, 2015

News Release
National Taxpayer Advocate Reviews Filing Season and Identifies Priority Areas and Challenges in Mid-Year Report to Congress
IR-2015-97, July 15, 2015

WASHINGTON — National Taxpayer Advocate Nina E. Olson today released her statutorily mandated mid-year report to Congress that identifies the priority issues the Taxpayer Advocate Service (TAS) will address...


Alert for Indiana Businesses from Secretary of State

Courtesy of

July 2, 2015

Alert for Indiana Businesses

Several businesses have reported receiving a deceptive letter that appears to come from an official government source. The letter solicits an annual fee of $125 and states it will be used for record keeping and processing of a company's annual minutes. It gives the appearance of coming from a legitimate government agency and cites state law. Click...


Here are a few Indiana tax changes from the Indiana Tax Dispatch

Courtesy of the Indiana Tax Dispatch from the Indiana Department of Revenue

July 2, 2015

 The latest Indiana tax dispatch is in, and according to this legislative update here a few of the Indiana tax changes. This will be the first post in a series to keep you informed! 

Effective Jan. 1, 2016, the deduction for insulation is repealed.
Effective Jan. 1, 2016, the deduction for solar-powered roof vents and fans is repealed.
Effective Jan. 1, 2016, the...


IRS Takes Steps to Protect Taxpayers from Identity Theft

courtesy of the IRS

June 15, 2015

IRS, Industry, States Take New Steps Together to Fight Identity Theft, Protect Taxpayers
IR-2015-87, June 11, 2015

WASHINGTON — The Internal Revenue Service joined today with representatives of tax preparation and software firms, payroll and tax financial product processors and state tax administrators to announce a sweeping new collaborative effort to combat identity theft...



Storen Financial

June 15, 2015

OUR INAUGURAL SHRED IT DAY was a complete success! More than 133 carloads of documents used our safe and secure on-site shredding. Thank you to Ray's for coming out that day! 

- - - - -

You're invited to join us on Saturday, May 30th for a FREE drive through Shred-It Day at our Brownsburg location.

Safely recycle your important documents using our secure...


Indiana Department of Revenue Fights Fraud

Doug Johnson

January 16, 2015

The Indiana Department of Revenue will again implement identity verification for the 2015 tax season. If a taxpayer receives a letter from the department asking them to take an Identity Confirmation Quiz, don’t be alarmed. It does not mean that your identity has been stolen. The State is trying to get a handle on the proliferation of fraudulent state tax returns being filed.


Filing Starts JAN. 20, 2015!

Kim Storen courtesy of IRS

December 29, 2014

Tax Season Opens As Planned Following Extenders Legislation

IR-2014-119, Dec. 29, 2014

WASHINGTON -- Following the passage of the extenders legislation, the Internal Revenue Service announced today it anticipates opening the 2015 filing season as scheduled in January.

The IRS will begin accepting tax returns electronically on Jan. 20. Paper tax returns will...


IRS Phone Service Lags Due to Budget Cuts

Kim Storen

December 18, 2014

IRS Phone Service Lags Due to Budget Cuts

The Internal Revenue Service received fewer phone calls from taxpayers this year than in recent years, according to a new government report, but the percentage of callers seeking help who received it remained low while wait times remained high compared to prior...


Congress passed the Extender Bill

Kim Storen

December 18, 2014

Congress passed the Extender bill and cut the budget for the IRS

In flurry of year end activity, congress has approved the Tax Increase Prevention Act of 2014. The new law extends for one year several tax incentives and credits that expired 12/31/13. It also includes the Achieving a Better Life Experience (ABLE) Act, creating tax favored savings accounts for...


New limits for 401k contributions in 2015

Courtesy of the IRS

October 30, 2014

IRS Announces 2015 Pension Plan Limitations; Taxpayers May Contribute up to $18,000 to their 401(k) plans in 2015

WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. Many of the pension plan limitations will change for 2015 because the increase...


Identity Theft and Fraud-from the IN Dept. OF Revenue

Indiana Department of Revenue

October 7, 2014

State Stops $78 Million in Illegitimate Tax Refunds


From the Indiana Department of Revenue (Sept. 2, 2014) - More than $78 million in wrongfully requested tax refunds was blocked by the Indiana Department of Revenue during the 2014 tax season, including $39 million in attempted identity theft, and $39 million in unearned tax credits and...


Who is Getting Audited?

Kim Storen

September 9, 2014

Posted by: Dan Lacy In: small business, Tax 10 Jun 2014

At Storen Financial, we will represent you in front of the IRS and you will not even have to...


AGGRESSIVE phone scam happening in Central Indiana--be aware!

June 24, 2014

Courtesy of the IRS website...

IRS Reiterates Warning of Pervasive Telephone Scam

IR-2014-53, April 14, 2014


2014 tax law summary

June 18, 2014

Here are a few of the new Indiana Tax Code changes for 2014 as taken from the SYNOPSIS OF 2014 LEGISLATION AFFECTING THE INDIANA DEPARTMENT OF REVENUE APRIL 2014 Prepared by: Indiana Department of Revenue April 1, 2014.  The paper can be found at


Lincoln Park Concert Series

June 11, 2014

Summer is here and so is the Lincoln Park Concert Series, in Zionsville, from 7-8:30 p.m. each WEDNESDAY evening in June and July.

The lineup for the remainder of June:

June 11    Downtown Motown with Lonnie Lester

June 18    Rock and Soul with Karen and the Beast

June 25    Rocking the Blues with The Breakes

Bring a...


IRS Deadline! Small Non-Profit Organizations

May 6, 2014


Personal Property Tax--Due Dates!

April 30, 2014

PPT Blog


By:  Becky Ahlquist

Attention all Indiana business owners and farmers!  We want to remind you that “Business Tangible Personal Property” tax returns are due by May 15, 2014 to your county assessor’s office. 

As the owner of...


Make Next Year's Return Less Taxing

April 25, 2014

Another tax preparation year is in the books! It was a busy season. We know it is a stressful time for people, and we came across this article (courtesy of The Slott Report from Ed Slott of PBS fame) that might make next year a little easier. Don't forget that we are here all year-round to help answer your tax questions.


Zionsville Office opening in January

December 31, 2013

Storen Financial is pleased to announce the opening of a second location in Zionsville in time for tax season, effective January 20,...


Farmers: Livestock replacement extension

November 1, 2013

This blog is for farmers and ranchers that are still suffering from drought and had to sell certain livestock due to weather related conditions.  The IRS announced last week that the period of time to replace those animals sold has been extended by one-year.  Please see the IRS Notice...


SCAM WARNING-straight from the IRS

November 1, 2013

This is a bulletin directly from the IRS!

IR-2013-84, Oct. 31, 2013

WASHINGTON — The Internal Revenue Service today warned consumers about a sophisticated phone scam targeting taxpayers, including recent immigrants,...


What You Should Know Now About the Energy Credit

October 2, 2013

What You Need to Know Now About the Energy Credit

Last night I was in the grocery store and a client stopped me to say that they had just installed energy efficiency improvements to their home and asked what they needed to keep for tax records. I responded with that they needed to keep the manufacturer’s certificate and...


IRS Dirty Dozen Tax Scams

September 11, 2013

The IRS’s annual “Dirty Dozen” list includes common tax scams that often peak during the tax filing season.  The IRS recommends that taxpayers be aware so they can protect themselves against claims that sound too good to be true.  Taxpayers who buy into illegal tax scams can end up facing significant penalties and interest and even criminal prosecution.



Identify Theft with Tax Returns

September 9, 2013

Many people may not realize that the one of the largest growing areas of identity theft is with a tax return. This year 324,670 tax returns were tagged by the IRS as fraudulent, requesting over $2.2 billion in refunds. Identity thieves will hi-jack your social security number and file a false tax return with false W-2s requesting a refund. When the actual person then files a true tax return,...


Client Center

- Tax Records
- Accounting

Phone: 877.STOREN1 • Fax: 317.852.7070