Tax

Jun 20, 2025, 00:00 AM by Jessica Barboza

The Ohio Department of Taxation is reminding all sales and use tax practitioners and taxpayers that May 2025 monthly sales and use tax returns are due on June 23, 2025. Returns must be filed for each period the account is active.

Jun 20, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

Jun 13, 2025, 00:00 AM by Jessica Barboza

The IRS released its annual Data Book detailing the agency's activities during fiscal year 2024 (Oct. 1, 2023 – Sept. 30, 2024). This year’s edition marks the publication’s 30-year anniversary; the first Data Book covered fiscal years 1993 and 1994 and was available in 1995. Prior to 1993, the IRS published annual reports, which date back to 1863. The Data Book provides a fiscal year statistical overview of the agency’s operations including returns received, revenue collected, taxpayer services provided, tax returns examined (audits), efforts to collect unpaid taxes and other details about the work of the IRS.

Jun 13, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

Jun 12, 2025, 01:00 AM by Natalie Rooney

OSCPA joined AICPA and 52 other state societies and jurisdictions to urge the U.S. Senate Finance Committee to retain the ability for all pass-through entities to deduct state and local taxes at the entity level.

Jun 6, 2025, 02:00 AM by Natalie Rooney

The Ohio Senate adopted the latest version of the budget bill on June 3. The big news was the Senate moving Ohio to a flat tax on nonbusiness income phased in over two years.

Jun 6, 2025, 02:00 AM by Natalie Rooney

Gov. Mike DeWine announced that the state’s 2025 Sales Tax Holiday will run from Friday, Aug. 1 through Thursday, Aug. 14. This is the first time the tax holiday will run for two full weeks.

Jun 6, 2025, 02:00 AM by Natalie Rooney

President Trump has issued Executive Order 14247 “Modernizing Payments To and From America’s Bank Account,” which transitions federal disbursements to electronic payments. Written comments and information are requested on or before June 30, 2025.

Jun 5, 2025, 00:00 AM by Jessica Barboza

Ohio will have a sales tax holiday from 12:00 a.m. Friday, August 1, until 11:59 p.m. Thursday, August 14, 2025.

Jun 5, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

May 30, 2025, 02:00 AM by Natalie Rooney

Please urge Congress to retain the entity level deductibility of SALT for all pass-through entities, as originally intended by the Tax Cuts and Jobs Act of 2017, approved by the IRS in Notice 2020-75 and currently in effect in Ohio with the IT 4738.

May 30, 2025, 02:00 AM by Natalie Rooney

An executive order signed in March means the IRS will discontinue issuing paper checks for tax refunds as of Sept. 30.

May 30, 2025, 00:00 AM by Jessica Barboza

The IRS is reminding taxpayers living and working abroad to file their 2024 federal income tax return and pay any tax due by Monday, June 16, 2025.

May 30, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

May 23, 2025, 00:00 AM by Jessica Barboza

The AICPA is asking accountants to reach out to their congressional representatives and protest the proposed elimination of the ability of pass-through entities such as accounting firms to deduct state and local taxes.

May 23, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

May 13, 2025, 02:00 AM by Natalie Rooney

The IRS announced that interest rates will remain the same for the calendar quarter beginning July 1, 2025.

May 13, 2025, 02:00 AM by Natalie Rooney

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

May 8, 2025, 02:00 AM by Natalie Rooney

All Commercial Activity Tax (CAT) practitioners and taxpayers are reminded that the first quarter 2025 CAT return is due May 12, 2025.

May 5, 2025, 02:00 AM by Natalie Rooney

With tax season over and peak periods for disasters approaching, now is a good time for taxpayers to think about protecting important tax and financial information as part of a disaster emergency plan.