Tax

Mar 6, 2025, 00:00 AM by Natalie Rooney

In a March 2 update, the Treasury Department announced that with respect to the Corporate Transparency Act, it not enforce any penalties or fines associated with the BOI reporting rule under the existing regulatory deadlines.

Feb 28, 2025, 02:00 AM by Natalie Rooney

With the Ohio legislature expected to have over 30 property tax reform bills introduced, hearings have begun on some of the proposals in both the House and Senate Ways & Means Committees.

Feb 28, 2025, 02:00 AM by Natalie Rooney

The average tax refund this year is down 32.4% compared to last year, according to early filing data from the IRS.

Feb 28, 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.

Feb 27, 2025, 02:00 AM by Natalie Rooney

Franklin University established its VITA program in 2013 to provide accounting and finance majors with experiential and service-learning opportunities through preparing tax returns at no charge for those in need.

Feb 21, 2025, 02:00 AM by Natalie Rooney

FinCEN has announced that the new beneficial ownership information reporting deadline is March 21, 2025. AICPA and the state societies continue to urge FinCEN to grant a longer extension period than a 30-day filing extension.

Feb 21, 2025, 00:00 AM by Jessica Barboza

The Ohio Department of Taxation is reminding all sales and use tax practitioners and taxpayers that the due date for January 2025 Sales and Use Tax Returns is Feb. 24, 2025.

Feb 21, 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.

Feb 14, 2025, 00:00 AM by Jessica Barboza

Gig economy workers are now faced with a lower threshold for 1099-K income reporting to the IRS, and a new survey shows that many of them are surprised to learn that this will result in higher tax bills for them.

Feb 14, 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.

Feb 7, 2025, 02:00 AM by Natalie Rooney

The Ohio Society of CPAs on Feb. 5 testified as a proponent to the House Ways & Means Committee on House Bill 14, the annual federal/state tax conformity legislation. Later that afternoon, the Ohio House unanimously passed the legislation by a 93-0 vote.

Feb 7, 2025, 02:00 AM by Natalie Rooney

Gov. Mike DeWine on Feb. 3 announced his FY 2026-2027 executive budget proposal, and higher taxes on tobacco, sports gambling and adult use cannabis would pay for several new programs.

Feb 7, 2025, 00:00 AM by Jessica Barboza

The FATCA Registration System now requires all users to sign in using either Login.gov or ID.me, the IRS’s credential service providers. The update adds a higher level of security and complies with National Institute of Standards and Technology (NIST) digital identity guidelines.

Feb 7, 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.

Jan 31, 2025, 00:00 AM by Jessica Barboza

The IRS is reminding businesses to submit wage statements and certain information returns to the federal government by Jan. 31.

Jan 31, 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.

Jan 24, 2025, 00:00 AM by Jessica Barboza

The 2025 tax filing season starts on Monday, Jan. 27, 2025, for Form 1040 filers, and will feature expanded and enhanced tools to help taxpayers.

Jan 24, 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.

Jan 17, 2025, 00:00 AM by Jessica Salerno Shumaker

The Internal Revenue Service and the Ohio Department of Taxation both recently announced that the 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced tools to help taxpayers as a result of their modernization efforts.

Jan 17, 2025, 00:00 AM by Jessica Barboza

The Ohio Department of Taxation is reminding all commercial activity tax (CAT) practitioners and taxpayers that the fourth quarter 2024 CAT return is due Feb. 10, 2025.