John P. Holloway, CPA, PC

John P. Holloway, CPA, PC A CPA Firm Dedicated to helping Individuals and Businesses with serious IRS & State Tax Problems. If you owe the IRS $10,000 or more, we can help you.

Thinking of launching a business? You might be able to deduct up to $10,000 of start‑up and organizational costs in year...
05/28/2026

Thinking of launching a business? You might be able to deduct up to $10,000 of start‑up and organizational costs in year one—and amortize the rest over 15 years. Surprisingly, those $5,000 breaks phase out after $50K of costs. Keep spotless records and make the right election. Find out how.

Learn how to legally deduct start-up and organizational costs for your new business. Expert tax guidance from Midwest Tax Resolution, LLC in Carmel, Indiana.

Believe it or not, a $35 city arts fee can snowball into stiff penalties and collections when taxpayers miss a separate ...
05/27/2026

Believe it or not, a $35 city arts fee can snowball into stiff penalties and collections when taxpayers miss a separate payment portal. Portland’s overhaul would exempt ~151,000 people—but fragmented rules still create compliance traps. Learn how to avoid surprise assessments and protect your finances. Find out.

Discover why confusing local taxes like Portland's arts tax lead to severe penalties, and how Midwest Tax Resolution helps clients solve state and IRS tax debt.

Had to repay a bonus or unemployment you’d already paid taxes on? Under IRC §1341 the IRS may let you reclaim taxes — so...
05/26/2026

Had to repay a bonus or unemployment you’d already paid taxes on? Under IRC §1341 the IRS may let you reclaim taxes — sometimes as a credit — if the repayment exceeds $3,000. Don’t double-pay. Find out how we can help.

Forced to repay a bonus or previously taxed income? Discover how the Claim of Right doctrine can lower your tax liability with Midwest Tax Resolution.

June 15 is a big one for businesses: payroll deposits and corporate estimated taxes are due — and missed payroll taxes a...
05/22/2026

June 15 is a big one for businesses: payroll deposits and corporate estimated taxes are due — and missed payroll taxes are treated as trust funds, which can make owners personally liable. Want peace of mind? Find out what to do next.

Stay compliant with June 2026 business tax deadlines. Learn about payroll deposits, corporate estimated taxes, and how our Carmel CPA firm helps with tax debt.

Think a $70K hire costs just $70K? Think again — payroll taxes, benefits & overhead can push it to $90–$100K. Avoid cash...
05/22/2026

Think a $70K hire costs just $70K? Think again — payroll taxes, benefits & overhead can push it to $90–$100K. Avoid cash-flow traps: learn when to hire vs. use contractors and how to calculate the fully loaded cost. Find out how.

Thinking of hiring? Midwest Tax Resolution explains the true costs beyond salary—from payroll taxes to training—so you can protect your cash flow.

Summer's here—but so are key June tax deadlines: Q2 estimated payments & expat returns due June 15, tips due June 10, RM...
05/22/2026

Summer's here—but so are key June tax deadlines: Q2 estimated payments & expat returns due June 15, tips due June 10, RMD info June 1. Surprising: late-filing penalties can be 5%/month. Want peace of mind? Find out how.

Discover important June 2026 tax deadlines, including Q2 estimated payments, expat filing extensions, and expert tips to avoid IRS underpayment penalties.

Traveling abroad for business? The IRS looks at trips day‑by‑day — airfare may be fully deductible only in narrow cases,...
05/21/2026

Traveling abroad for business? The IRS looks at trips day‑by‑day — airfare may be fully deductible only in narrow cases, and even weekends can count as business days. Keep a daily log and receipts to protect deductions. Find out what qualifies.

Understand IRS rules for deducting international business travel, including the Sandwich Rule and allocation methods for mixed-use trips.

Side hustles = freedom — and a hidden tax risk. Small app payments can become big IRS bills if you don’t track income or...
05/20/2026

Side hustles = freedom — and a hidden tax risk. Small app payments can become big IRS bills if you don’t track income or pay estimated taxes. Learn how to avoid penalties, use real business deductions, and get back in compliance. Find out.

Earning from multiple apps and gigs? Discover the tax traps first-time freelancers face and how Midwest Tax Resolution helps you avoid IRS collection issues.

Thinking of giving your home to a child to avoid probate? Surprise: that simple deed can trigger big capital gains, gift...
05/19/2026

Thinking of giving your home to a child to avoid probate? Surprise: that simple deed can trigger big capital gains, gift-tax paperwork, lost homestead breaks, and Medicaid risks. Learn safer strategies. Find out.

Learn the tax risks and benefits when transferring a home to a child or beneficiary, including gift tax, life estates, and capital gains issues.

Did you know small reconciliation errors can trigger IRS scrutiny? When QuickBooks and your bank don’t match, tax season...
05/18/2026

Did you know small reconciliation errors can trigger IRS scrutiny? When QuickBooks and your bank don’t match, tax season can turn into an emergency. Reconcile monthly to catch duplicates, missing expenses, and avoid headaches. Read now.

Keep your business compliant and safe from tax trouble. Learn how to reconcile your accounts in QuickBooks Online step-by-step with this 2026 guide from IN CPAs.

Rising medical bills? Pairing a High‑Deductible Health Plan (HDHP) with a Health Savings Account (HSA) can lower out-of-...
05/18/2026

Rising medical bills? Pairing a High‑Deductible Health Plan (HDHP) with a Health Savings Account (HSA) can lower out-of-pocket costs and unlock tax benefits. Surprising: HSA funds roll over and grow tax-free—build a medical safety net while saving on taxes. Find out.

Discover how pairing an HDHP with an HSA offers critical tax benefits and better control over healthcare spending for Indiana taxpayers.

Address

160 W. Carmel Drive, Suite 289
Carmel, IN
46032

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(317) 966-3203

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