Tax

Nov 15, 2024, 00:00 AM by Jessica Salerno Shumaker

Ohio Business Gateway users only have two more weeks to act before Dec. 2 – that’s when multi-factor authentication becomes an OH/ID login requirement for the OBG.

Nov 15, 2024, 00:00 AM by Jessica Barboza

The IRS is advising enrolled agents whose Social Security number (SSN) ends in 0,1, 2 or 3, that they have until Jan. 31, to renew their status.

Nov 15, 2024, 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.

Nov 14, 2024, 00:00 AM by Jessica Salerno Shumaker

Variances in major tax sources balanced out to an on-target revenue haul in October, according to preliminary figures from the Ohio Office of Budget and Management.

Nov 8, 2024, 00:00 AM by Jessica Barboza

The AICPA is asking the U.S. Department of Treasury and the IRS to issue new guidance to cannabis businesses and tax preparers in anticipation of a change to marijuana’s classification to a Schedule III controlled substance instead of a Schedule I, according to an Oct. 21 letter to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel.

Nov 8, 2024, 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.

Nov 1, 2024, 00:00 AM by Jessica Salerno Shumaker

ODT recently informed OSCPA that a small number of taxpayers received refunds or increases to credit carryforward amounts that should not have occurred.

Nov 1, 2024, 00:00 AM by Jessica Salerno Shumaker

If you haven’t cast your vote yet for the 2024 General Election, your last chance to do so is this Tuesday.

Nov 1, 2024, 00:00 AM by Jessica Barboza

The Department of the Treasury and the IRS have issued final regulations to provide guidance for the Advanced Manufacturing Production Credit established by the Inflation Reduction Act of 2022 (IRA).

Nov 1, 2024, 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.

Oct 31, 2024, 00:00 AM by Jessica Salerno Shumaker

This year’s conference covers some of the most vital topics in the area of taxation including highlighting recent tax decisions, handling tax controversies, TCJA sunset provisions, market and economy considerations in an election year, and much more.

Oct 25, 2024, 00:00 AM by Jessica Barboza

PTIN (Preparer Tax Identification Number) renewal season is now underway for all tax professionals. The fee to obtain or renew a PTIN for 2025 is $19.75. All current PTIN holders will receive formal notification from the IRS Return Preparer Office in the coming weeks.

Oct 25, 2024, 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.

Oct 18, 2024, 00:00 AM by Jessica Salerno Shumaker

This update will let taxpayers file more types of returns, including sales, public utility personal property, employer and school district withholding, adult use cannabis, public utility excise, and natural gas excise taxes.

Oct 18, 2024, 00:00 AM by Jessica Salerno Shumaker

The DOT is reminding sales and use tax practitioners and taxpayers that the September 2024 monthly sales and use tax returns and third quarter 2024 use tax returns are due Oct. 23, 2024. Returns must be filed for each period the account is active.

Oct 18, 2024, 00:00 AM by Jessica Salerno Shumaker

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

Oct 11, 2024, 00:00 AM by Jessica Salerno Shumaker

Specifically, the state finished September with $2.1 billion, $547.1 million or 36 percent over the updated estimate for the month. The estimated revenue for September had been $1.5 billion.

Oct 11, 2024, 00:00 AM by Jessica Barboza

The Department of the Treasury and the IRS today issued guidance addressing long-term, part-time employees in 403(b) retirement plans under the SECURE 2.0 Act, which applies to 403(b) plans beginning in 2025. These plans are similar to 401(k) plans but are generally for employees of charities and public schools.

Oct 11, 2024, 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.

Oct 10, 2024, 00:00 AM by Jessica Salerno Shumaker

OSCPA members have until Dec. 2 before multi-factor authentication becomes an OH/ID login requirement for the OBG. Those practitioners who do not request user access and add their clients before Dec. 2 could lose access to filing and paying in the OBG for their clients.