WHEATFIELD — Wheatfield quilter and founder of Angels Wrapped in Love Darlene DeVries is putting her sewing skills to work once again to sew surgical style facemasks for individuals, nursing homes, and hospitals as demand for the protective masks increases along with the number of people tes…

DEMOTTE — The Kankakee Valley Post News asked followers on Facebook if they are working during the 14-day Stay-At-Home order put into effect Tuesday, March 24, at 11:59 p.m. And if still working, what job do they go to. Many of those who responded were working in retail and restaurants or fa…

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DEMOTTE — One Knight and One Kougar were recently named as IBCA/Subway All-State Honorable Mentions. Covenant Christian senior Ben Lins continued to rack up the honors as he and former Knight and current Kougar senior Gavin Herrema were both named as members of the All-State Honorable Mentio…

The headline isn’t totally true. I’m sure there are viruses which do occur outside or even commonly outside, but from what I can tell from all the media reporting, the Covid-19 is mostly sprea…

DEMOTTE — With a few minutes of starting to talk to her, one thing becomes evident, Judi Rajkovi, has several passions – having fun, growing flowers and plants, her dogs and her husband, Monte Richardson. Rajkovi and her husband, who she fondly refers to as “Mr. Bloomers, are the owners of J…

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RENSSELAER — In response to concerns regarding the COVID-19 risk, Jasper County REMC has decided to restrict access to their headquarters as of March 20. The not-for-profit electric cooperative is an essential service to its members and takes the wellness of its workforce very seriously.

DEMOTTE — Due to heightened CDC regulations regarding limiting person to person contact, we have determined that it is best for our customers and employees to limit DSB banking business to drive-up windows only effective Thursday, March 19. Our KV Banking Center and Tysen’s Banking Center lo…

DEMOTTE — The DeMotte Chamber of Commerce celebrated the new Burns Family Pizzeria on Friday, March 13, with a ribbon cutting at the restaurant, which is located at 806 15th St. SE.

It seems that this mild winter has brought out some of Indiana’s most notorious pests a little early this year. Speaking from experience, it is already time to check your kids before they come in the house and find your household tweezer’s, ticks are out! Most insect pests in Indiana are mer…

It would be an understatement to say that it has been a strange week across our country, as we begin staring down the barrel of what will undoubtedly be a disruption of our day to day activiti…

During this heightened time of concern due to the COVID-19 pandemic, we want customers in the communities we serve to know that their safety and well-being is of utmost importance to us. We understand that this situation has changed how our customers function and operate in their daily lives…

Barrack Obama won many awards while he was president. I’m sure he was proud of most of them. Probably not so much when the decidedly pro-Obama news network, CNN, named him Gun Salesman of the Year multiple times. Never in U.S. history did so many citizens flock to gun stores to exercise thei…

If you’ve never used bleach and have questions about it, we’ve got you covered. Bleach is great for disinfecting surfaces, clothes, and linens. Other types of soaps and detergents are better for routine cleaning. Bleach is for when you want to sanitize, as well as get your clothes nice and bright.

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EVANSVILLE, Ind., March 30, 2020 /PRNewswire/ -- Escalade, Incorporated (NASDAQ: ESCA) - The Board of Directors of Escalade, Inc. is pleased to announce the appointment of Scott Sincerbeaux as the organization's next President and Chief Executive Officer. Mr. Sincerbeaux brings a wealth of Retail, Wholesale, and Ecommerce experience and a keen understanding of the changing consumer landscape and retail marketplace. He will join Escalade on April 27, 2020.

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BATESVILLE, Ind., March 30, 2020 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) announced today that its wholly-owned subsidiary Milacron LLC has completed the sale of its Cimcool business to DuBois Chemicals, Inc. All conditions were met, including the employee consultations required by Dutch law, allowing for the transaction to be completed in a single closing and resulting in cash proceeds to Hillenbrand of approximately $224 million.

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MoneyTips


By Eric Olsen, Executive Director, HELPS Nonprofit Law Firm

At this time of year, creditors sometimes send out what is called a Form 1099-C. They email it to the Internal Revenue Service (IRS) and copy the person who owes them debt. The form tells the IRS that they, the company who is owed the debt, has tried (unsuccessfully) to collect and the unpaid debt is now "written off."

Seniors are often told by their tax preparers that they now have to pay taxes on the debt contained in the 1099-C, as it is now considered income they received. This is almost always NOT the case and I shudder to think of all the taxes that have been paid because of a 1099-C when it wasn't necessary. Often, you don’t have to pay if you know what to do.

The rule is that to the extent a person is insolvent, meaning their debts exceed their assets, they DO NOT OWE TAX. IRS Form 9...

Shed Debt And Owe Tax

Tax Season Begins January 27

Should You Use Tax Preparation Software?

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MoneyTips

The Tax Cuts and Jobs Act (TCJA) of 2017 gave most Americans a break on their upcoming taxes – but you don't need legislation to cut your taxes even further with sound investment strategies that focus on tax optimization.

Here are a few ways to help yourself at Uncle Sam's expense.

1. Shift Toward Capital Gains – The TCJA narrowed the gap between individual tax rates and capital gains taxes, but it's still preferable from a tax perspective to have investments that rely on price appreciation for returns instead of income generation. Returns on the former are taxed at the capital gains rate (15-20%, with a few exceptions) while returns on the latter are taxed per the standard income brackets.

2. Qualified Pass-Through Income – The TCJA also handed a huge, albeit temporary, gift to many small-business owners by allowing a 20% tax d...

Tax-Loss Harvesting 101

Tax-loss Selling

Tax-Loss Harvesting Causes Buy Opportunities

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MoneyTips

Does your ability to pass on your wealth to your heirs depend on where you live ... and die? Indeed, it does. Federal estate taxes apply no matter where you live within the U.S., but eighteen states subject their citizens to estate taxes or inheritance taxes. The difference between the two is that estate taxes are subtracted from an estate before it is dispersed to the heirs, while the inheritance tax applies to the heirs — even if they live in a different state than the deceased.

Inheritance taxes only apply in six states: Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania. All of these states completely exempt spouses from paying inheritance tax, and New Jersey exempts domestic partners, too. Children and siblings are also often exempted. Nebraska and Pennsylvania are the only states where children and grandchildren...

Do I Have To Pay Taxes When I Inherit Money?

Generation-Skipping Transfer Tax 101

6 Hot Taxation Topics (Infographic)

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MoneyTips

Thanks to the Affordable Care Act (ACA), you should receive 1095 forms along with the W-2, 1099, and other tax forms that you receive from employers and financial institutions. The 1095 forms verify your health care insurance status for tax purposes. 1095-A forms debuted in 2015, while taxpayers received 1095-B or 1095-C forms for the first time in 2016.

All You Need to Know About the ObamaCare Tax Forms

Form 1095-A is issued through the Federal Health Insurance Marketplace for those who purchased health insurance through the marketplace. Effectively, it is your proof of insurance if you are receiving insurance outside of an employer. All consumers who received cost assistance through the marketplace need the 1095-A form to be able to file their taxes properly.

Forms 1095-B and 1095-C are complementary forms...

Tax Impact Of The Affordable Care Act

ObamaCare Savings

8 Of 9 Financially Vulnerable Americans Used Tax Refunds To Pay Bills

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MoneyTips

Let's assume that you drew the short straw on the 2019 tax cuts, and you owe Uncle Sam this year. How do you plan to pay? There are plenty of ways other than the old-fashioned check submitted with a paper tax return.

If you file electronically, why not pay electronically? Electronic Funds Withdrawal (EFW) is available whenever you e-file your taxes.

When you e-file your taxes through commercial software, a paid tax preparer, or the IRS Free File program, simply submit an EFW payment request. You'll provide bank account information so funds may be withdrawn from your account directly. If you e-file early, you can schedule the funds to be paid at a later date (but before the due date for your return).

Hidden Costs Of Paying Taxes by Credit Card

Should You Pay Your Taxes With A Credit Card?

You Owe Taxes, But Can’t Pay the Bill

The societal response to the Covid-19 outbreak in the United States has led to most people practicing social distancing, and large segments of some states’ populations essentially in social isolation. Spending more time than usual indoors and away from social situations, and the lack of facetime with friends is something many people are struggling with. Time alone without that social outlet is for some people new, uncomfortable and even scary.

With the current coronavirus outbreak going on around the world, many employees are being forced to work from home to support “social distancing.” While this may come easy for some companies or employees, others might not be used to this new work environment.

You’ve likely read a lot about the coronavirus or talked about it with friends or co-workers. It’s been on almost every major news outlet website, newspaper or TV station in the last few months. The coronavirus was first detected in China, and it’s now been detected in about 60 locations internationally, including the U.S., according to the Centers and Disease Control and Prevention (CDC).

You’ve reached the significant milestone of retirement. Although you might be out of the workforce, that doesn’t mean you can’t splurge a little and treat yourself to a vacation — and still stay active. After all, retirement is a great time to travel the world and visit certain spots you’ve always wanted to see in person.

There’s no shortage of medical information on the internet; so, when it comes to men and prostate cancer, how do you separate myth from fact? What about dated and current information?

LOS ÁNGELES — María López lo conoció en una clase de bachata, cumplía con todo lo que ella buscaba: un excelente bailarín, inteligente, con un título de ingeniería, alto, moreno y guapo. Después de un mes de citas, él le reveló que estaba en el país ilegalmente. Ella también carecía de estatus legal, aunque tenía la relativa protección de estar en el programa de Acción Diferida para ...

SACRAMENTO, California — Cuong Nguyen, un refugiado vietnamita que llegó a Estados Unidos a los 11 años de edad, aceptó repartir drogas después de enterarse cuando tenía poco más de 20 años de que su padre debía una gran suma de dinero. Fue acusado en 2006 y cumplió una sentencia de 24 meses. Pero Nguyen fue detenido repentinamente por el Servicio de Inmigración y Control de Aduanas (ICE, por ...

¡Qué rico! Justin Bieber lanzará un nuevo sencillo, un nuevo álbum y se va de gira. "Yummy" (¡Qué rico!) es el nombre del nuevo sencillo de la estrella pop canadiense que saldrá el 3 de enero. Le seguirá un nuevo álbum, aún sin título, y una gira de conciertos por América del Norte que hará escala en al menos 45 ciudades. La gira comienza el 14 de mayo en el CenturyLink Field de Seattle y ...

Free-agent safety Eric Reid wants an investigation and a revote on the collective bargaining agreement because of language added to the accord after it was ratified. In a letter Monday to the NFL Players Association, Reid's attorneys said language in the CBA was altered after March 15, when players voted 1,019-959 in favor of the 10-year agreement. His lawyers point to a change in the language ...