Ohio’s 10th District Court of Appeals this week unanimously denied a motion for reconsideration collectively filed by over 160 cities seeking to overturn laws that enabled sweeping, pro-taxpayer municipal income tax changes.
State Sen. Kirk Schuring, R-Canton has sponsored legislation authorizing a nonrefundable income tax credit equal to 10% of a taxpayer’s investment in an Ohio opportunity zone.
Taxpayers who have elected to have the Department of Taxation administer the municipal net profit tax for their companies must file declarations and make estimated payments directly via the Ohio Business Gateway.
The IRS has clarified the tax treatment of state and local tax refunds arising from any year in which the new limit on the state and local tax deduction is in effect.
Ohio businesses that have a taxable year that begins on February 1st, and want to file their 2019 municipal net profit tax with the Ohio Department of Taxation, must register on or before, April 1st on the Gateway.
One of the trickiest parts of this year’s busy season has been calculating how properly compensated for the additional work required for 2018 tax returns.
The state's gas tax has remained at 28 cents per gallon since 2005, but legislators are discussing an 18-cent increase to address the condition of Ohio's roads and bridges.
OSCPA Tax Policy Director Greg Saul, Esq., CAE, said members of the Society's Federal Tax Committee have raised concerns that they need more guidance than was provided in Revenue Procedure 2018-40.
Less confusion, less hassle and less frustration. That’s the difference opting in to centralized collection could make for you and your business this year.
Many Ohio businesses will miss out on the chance to save on some of their tax compliance burden – estimated by the Ohio Department of Taxation to collectively save Ohioans more than $800 million in administrative costs – if they ignore a deadline coming up March 1.