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Mar 01, 2024
A veteran of Ohio tax administration told the General Assembly’s property tax study panel Wednesday that the flagship policy for preventing spikes in tax bills no longer works well.
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Mar 01, 2024
The IRS announced interest rates will remain the same for the calendar quarter beginning April 1, 2024.
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Mar 01, 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 23, 2024
Most companies say they have made materially significant mistakes regarding indirect tax, according to a survey which also found only a minority of companies identify as risk averse in this area.
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Feb 23, 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 20, 2024
It’s the season for IRS ERC exam. Have you or your clients heeded all the warnings and lifelines that the IRS has provided?
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Feb 16, 2024
An ODT updated information release has been issued to clarify whether a consolidated elected taxpayer or combined taxpayer group must register and pay the commercial activity tax when total taxable gross receipts fall below certain thresholds.
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Feb 16, 2024
The IRS is alerting tax professionals of a scam email impersonating various software companies in an attempt to steal Electronic Filing Identification Numbers (EFINs).
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Feb 16, 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 14, 2024
The Ohio Supreme Court today issued a 5-2 decision in the Schaad v. Alder case, Slip Opinion No. 2024-Ohio-525, effectively denying impacted Ohio taxpayers from seeking a refund of municipal income tax paid to a municipality where they neither work nor live.
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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.