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Feb 09, 2024
The Ohio Department of Taxation Division of Tax Equalization proposes the following rule: 5703-25-20: Procedure for valuation of federally subsidized residential rental property.
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Feb 09, 2024
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.
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Feb 09, 2024
The oral arguments in the Schaad v. Alder case were held nearly one year ago on March 1, 2023. While we still await the Ohio Supreme Court’s decision determining whether taxpayers can obtain 2020 municipal income tax refunds, members can attend an upcoming municipal income tax symposium.
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Feb 09, 2024
Tax revenues are down about half a percent for the fiscal year so far after another underperformance in January, but the overall revenue picture and sizable underspending leave Ohio’s budget on solid footing.
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Feb 09, 2024
The fourth quarter 2023 commercial activity tax (CAT) return is due Feb. 12 for all CAT practitioners and taxpayers.
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Feb 02, 2024
On Wednesday evening, the U.S. House passed bipartisan tax legislation by a vote of 357 to 70 that would temporarily expand individual tax credits and revive several business tax breaks.
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Feb 02, 2024
Lawmakers reviewing Ohio’s property tax system spent nearly two hours quizzing county auditors about the ins and outs of reappraisals, Board of Revision challenges, abatements and exemptions and potential reforms during a hearing Jan. 24.
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Feb 02, 2024
The IRS is encouraging businesses to review their eligibility for the Employee Retention Credit as the agency’s law enforcement arm, Criminal Investigation (CI), begins a series of educational sessions for tax professionals.
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Feb 02, 2024
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.
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Jan 26, 2024
In November, the Ohio Department of Taxation (ODT) mailed Verification of Income – Missing Ohio IT1040 letters to some taxpayers in error.
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Jan 26, 2024
Ohio would phase out its income tax (on nonbusiness income) entirely and eliminate the Commercial Activity Tax (CAT) as well under plans announced Tuesday.
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Jan 26, 2024
A $78 billion tax package with major benefits for companies took a significant step towards becoming law Jan. 19, when a key House panel overwhelmingly approved the bill by a vote of 40-3.
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Jan 26, 2024
In case you missed them, here are some recent interesting tax and financial planning news items from around the web.
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Jan 19, 2024
On Tuesday, the chief tax writers in Congress announced a framework of a compromise tax bill that would temporarily expand individual tax credits and revive several business tax breaks.
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Jan 19, 2024
The newly formed Joint Committee on Property Tax Review and Reform met for the first time on Jan. 10 to learn more about the current state of property taxation in Ohio. The committee was created as a part of HB33 (Edwards) to make recommendations on pending legislation related to property taxation.
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Jan 19, 2024
Tax filing season will officially begin on Monday, Jan. 29, 2024, the IRS announced. The agency will start accepting and processing tax returns that day, and the IRS is anticipating it will receive over 128.7 million individual tax returns by the April 15 tax deadline.
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Jan 12, 2024
The IRS recently announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax filing season when the IRS will begin accepting and processing 2023 tax returns.
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Jan 12, 2024
While legislative efforts to either delay or suspend the Beneficial Ownership Information (BOI) reporting requirements remain ongoing, the Corporate Transparency Act (CTA) went into effect on Jan. 1, 2024, and the initial deadlines for filings will begin to come due 90 days into 2024.
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Jan 12, 2024
Register now for these webinars in January to learn more about how these changes can affect your business.
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Jan 12, 2024
The Personal Income Tax accounted for the shortfall, coming in $266.8 million or 28.4% below the estimate for the month.