The bill is a response to the Ohio Department of Taxation’s interpretation that the state sales and use tax can be applied to certain electronic information services and automatic data processing.
There's been a surge of fraudulent emails impersonating the IRS and using tax transcripts as bait to entice users to open documents containing malware.
The IRS has announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
The state Tax Expenditure Review Committee on Nov. 13 released its first report on credits, deductions and exemptions that all together cost the state more than $9 billion in foregone revenue.
Ohio’s 10th District Court of Appeals is set to hear arguments next week in appeals filed by cities looking to block centralized collection of municipal net profits taxes.
The IRS has announced that eligible employers who provide paid family and medical leave to their employees may qualify for a new business credit for tax years 2018 and 2019.
Taxpayers may continue to deduct 50% of the cost of business meals if the taxpayer is present and the food or beverages are not considered lavish or extravagant.
Sep 27, 2018, 10:35 AM
by
Jessica Salerno Shumaker
Ohio businesses with a taxable year that begins on Aug. 1 and that want to file their 2019 municipal net profit tax return with the Ohio Department of Taxation must register by midnight, Oct. 1.
The IRS on Aug. 22 announced a change in the format of tax transcripts and provided a preview of proposed changes in the methods of distributing tax transcripts to taxpayers and their authorized third parties, such as tax practitioners.
Employer payments or reimbursements in 2018 for employees’ moving expenses incurred prior to 2018 are excluded from the employee’s wages for income and employment tax purposes, the IRS said this week.
The planned end of the current OVDP reflects advances in third-party reporting and increased awareness of U.S. taxpayers of their offshore tax and reporting obligations.