News & Resources
Have questions? Looking for helpful resources and links? We’ve put together these resources to help you get answers to your questions. Need more information, give us a call! Also, don’t forget to check out our blog for the latest information.
Below are the resources we’ve assembled to help you on your financial journey. Click these buttons to quickly find the information you’re looking for and please don’t hesitate to give us a call if you have any questions.
Latest news, blogs, events and resources from our team…
Our goal is to share pertinent information with you through our blogs, resource links, social media posts and updates. On our blog you’ll find all the tools resources and information you need. Have questions? Give us a call!
Tax Season How-to: What to Provide
Information Required to Produce Your Tax Return *All forms needed to produce your tax return should be issued or available to you prior to January 31st. If filing jointly, please provide forms and information for both the primary taxpayer and spouse. Below is...
Story: Tech Intern Shares His Internship Experience
Our 2021 fall intern recaps his Storen Financial experience Each year Storen Financial hosts multiple interns in many different roles within our organization. Bryce joined our team for the fall of 2021. Here's his story... Bryce Miller IUPUI – Biomedical Informatics...
IRS in the news, refund delays and other issues
National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of processing and refund delays "National Taxpayer Advocate Erin M. Collins today released her 2021 Annual Report to Congress, calling calendar year 2021 "the most challenging...
Virtual Event: Medicare General Enrollment Details – February 22
Have questions about Medicare? General enrollment is available through March 31st. Join us for this virtual event on February 22nd, where Ruth Hoffman, Storen Financial’s Medicare Benefits Specialist, walks you through the Medicare process, enrollment guidelines and...
UPDATE: IRS letters coming for tax season
IRS sending information letters to recipients of advance child tax credit payments and third Economic Impact Payments The IRS started issuing information letters to advance child tax credit recipients in December. Recipients of the third round of the Economic Impact...
Congrats to Doug Johnson for passing the EA exam!
Congratulations to Senior Tax Accountant, Doug Johnson! We'd like to take a moment to congratulate Doug on passing all 3 of the exams for the Enrolled Agent certification! We surprised Doug with confetti and cheers on his big achievement (pictured)! He can now add...
Now Hiring – Bookkeeper
Bookkeeper Storen Financial is an established independent investment and accounting firm in the Indianapolis area, headquartered in Zionsville, serving clients in 43 states. A local institution for over 50 years with a focus on team, family, and community involvement,...
Scams & Identity Theft
Phone scams, email phishing scams, and identity theft continue to grow and become more sophisticated. We are providing information courtesy of the IRS and the Indiana Department of Revenue to assist you. We will also keep our blog updated as we learn of new developments.
Please know that the IRS will never initiate contact with you over the phone demanding money, nor will they demand that you pay by a cash card immediately or you will be arrested. This is just one scam—but one that has happened all over the U.S. and many cases here in Central Indiana. Be aware!
Helpful links to read the most up to date information:
How can we help?
At Storen Financial, we offer so much more than tax preparation and accounting services. We go beyond the numbers to provide our clients with financial planning, in-depth consulting, and year-round support. Looking for more info? Click below to learn more.
Frequently Asked Questions
How do I track my refund?
NEW! IRS2Go is the official mobile app of the IRS. Click here to learn more and as always, feel free to contact us with any questions you have.
Is there an age where Social Security is not taxed?
How are Indiana State and Local taxes calculated?
For new residents of Indiana, there is a learning curve on understanding State & Local taxes. Indiana has a flat rate for the State of 3.23%. So if you have $10,000 or $1,000,000 of taxable income, you are taxed at the same rate. In addition to this, each individual pays a county tax and each County can set their own tax rate. County rates range from .35% for Jefferson to 3.38% for Pulaski. There are a few exceptions to the rule, but an Indiana taxpayer is subject to County taxes based on where they lived on January 1st of the tax year. Click here to see more FAQs.
How much retirement income is taxed in Indiana?
Like a lot of other States, Indiana does not tax Social Security Benefits. Also, Indiana gives a full or partial deduction for pensions that originate from Railroad Retirement Board, Office of Personnel Management and Defense Finance and Accounting Service (Military Retirement). If one is not lucky enough to be receiving retirement from one of the listed entities, then your retirement income will be fully taxable to State and County. To keep from owing to Indiana on your Tax Return, please ask the Administrator if they will withhold State taxes on the benefits. If they do, then as a rule of thumb, we tell clients that 5% withholding will cover most taxpayers in the state. This covers both State and County rates. If someone knows that they live in a county with a rate greater than 1.7%, then take the percentage up to have withheld 6% or 7%. If the Administrator will not withhold State taxes, then Quarterly Estimates may need to be sent in. Like the Federal, Indiana can charge an Underpayment Penalty if more than $1,000 is owed at the end of the year.Click here to see more FAQs.
What do I bring to my tax appointment?
Get the full list of the items you need here in this checklist.
The Latest News from Storen
Tax Season How-to: What to Provide
Information Required to Produce Your Tax Return *All forms needed to produce your tax return should be issued or available to you prior to January 31st. If filing jointly, please provide forms and information for both the primary taxpayer and spouse. Below is...
Story: Tech Intern Shares His Internship Experience
Our 2021 fall intern recaps his Storen Financial experience Each year Storen Financial hosts multiple interns in many different roles within our organization. Bryce joined our team for the fall of 2021. Here's his story... Bryce Miller IUPUI – Biomedical Informatics...
IRS in the news, refund delays and other issues
National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of processing and refund delays "National Taxpayer Advocate Erin M. Collins today released her 2021 Annual Report to Congress, calling calendar year 2021 "the most challenging...
Virtual Event: Medicare General Enrollment Details – February 22
Have questions about Medicare? General enrollment is available through March 31st. Join us for this virtual event on February 22nd, where Ruth Hoffman, Storen Financial’s Medicare Benefits Specialist, walks you through the Medicare process, enrollment guidelines and...