Hunsche CPA Group

Ready for baseball season to start!

New Huntington location is official!

Hope to see people at the game tonight!

Struggling with tax debt? An Offer in Compromise (OIC) might be the solution if you’re eligible. The IRS allows qualified taxpayers to settle their debt for less than the full amount owed. If you're facing financial hardship, an OIC can help you get back on track while avoiding overwhelming penalties. The process requires proper documentation, negotiation and a $205 nonrefundable application fee. Be aware that most offers aren’t accepted. But in the right situation, it can significantly reduce an individual’s tax burden. Contact us at (260) 484-7836 to see if you’re a candidate.

Ready to take control of your money? Start with a realistic budget and implement these simple tips to help you spend smarter, save more, and hit your financial goals. https://bit.ly/43p0LIO

📞:(260) 484-7836

5 Tips to Create a Realistic Budget | www.financialhotspot.com Creating a realistic budget is one of the most effective ways to take control of your finances. Whether you're saving for a major purchase, paying off debt, or building an emergency fund, a well-thought-out budget helps you make informed financial decisions. Here are five practical tips to help you....

Small business owners: Don’t leave money on the table! From tax credits to equipment deductions, there are several tax relief programs that can boost your bottom line. https://bit.ly/4kqC1GP

📞:(260) 484-7836

Tax Relief Programs for Small Businesses | www.financialhotspot.com Running a small business comes with a variety of challenges. From managing payroll to staying competitive in your market, the responsibilities can seem endless. One of the most pressing issues small business owners face is managing tax obligations. If you've ever felt overwhelmed by your tax burden,...

Suppose you have a spouse with past-due child support or debts to federal or state tax agencies. You file a joint tax return, and the refund is seized or reduced due to your spouse's debts. But what if you aren't responsible for the debts? You may be eligible for "injured spouse" relief. (This differs from "innocent spouse" relief, which may be provided if one spouse understates taxes due on a joint tax return and the other spouse didn't know about the errors.) There are processes to follow for injured spouse relief that we can help with. Contact us at (260) 484-7836.

Dealing with international taxes? Tax treaties can help you avoid double taxation, reduce tax rates, and simplify compliance. https://bit.ly/3ZtXK8G

📞:(260) 484-7836

Understanding Tax Treaties and Their Benefits | www.financialhotspot.com Tax treaties might seem complex, but understanding them can help you save money and avoid double taxation. Whether you're an expat, a business owner operating internationally, or just curious about how countries work together to simplify taxation, this guide is for you. Let's dive into what tax trea...

Changing jobs? Avoid the tax hit and possible early withdrawal penalties of a lump-sum distribution from your 401(k) or other employer-sponsored retirement plan. If your balance is at least $7,000, leaving it in your old plan is easy. But watch out for additional fees and limited investment options. Alternatively, rolling over the balance to your new employer’s plan simplifies retirement asset management. But investment choices may still be limited. If you don’t mind managing two plans, a rollover to an IRA may be your best option. An IRA offers nearly unlimited investment options. Need guidance? Contact us at (260) 484-7836.

Making your maximum 2025 IRA contribution earlier in the year provides some key benefits: Your money has more time to grow tax-deferred (or tax-free in the case of a Roth IRA), and you won't risk forgetting to contribute later. However, tying up funds too soon could limit cash available for other financial needs or investment opportunities. The best timing depends on your specific situation. Let's discuss the right strategy for you. Call us today at (260) 484-7836.

Estate planning is an ongoing process that requires regular reviews and revisions to ensure it meets your goals. Family changes like marriages, divorces, births, adoptions and deaths, as well as significant health changes, warrant a review. Increased income or net worth may necessitate new wealth protection strategies. Moving to a new state or changes in tax laws can also impact your plan. Contact us at (260) 484-7836 for help achieving your estate planning goals! Ensuring your estate plan stays aligned with your goals means regular reviews and adjustments. Family events, health changes, financial growth, or even relocation can impact your plan. Stay proactive and let us help you achieve your estate planning goals! Contact us at (260) 484-7836 for expert guidance.