Tax

Feb 6, 2019, 21:36 PM by User Not Found

Last week’s appeals court decision in favor of the Ohio Department of Taxation over cities was good news for the state’s economy for several reasons, said Barbara Benton, CAE, OSCPA’s VP of government relations.

Feb 1, 2019, 15:49 PM by User Not Found

The Ohio Society of CPAs this week sent a letter to Ohio’s Congressional Delegation urging them to provide relief to taxpayers in the wake of tax reform and the recent federal government shutdown.

Jan 29, 2019, 16:28 PM by User Not Found

In a win for Ohio’s CPA profession – and Ohio taxpayers – the state’s 10th District Court of Appeals on Jan. 29 upheld a lower court decision supporting the constitutionality of centralized collection of municipal net profits taxes and other municipal tax reforms adopted in recent years by the Ohio General Assembly.

Jan 23, 2019, 16:56 PM by User Not Found

Ohio businesses with a taxable year that begins on Dec. 1 that want to file their 2019 municipal net profit tax return with the Ohio Department of Taxation must register by midnight, Feb. 1.

Jan 23, 2019, 16:56 PM by User Not Found

As in past years, some taxpayers will be required to take an ID confirmation quiz.

Jan 20, 2019, 15:27 PM by User Not Found

Safe harbor enables many rental real estate owners to claim deduction.

Jan 16, 2019, 15:51 PM by User Not Found

We asked CPA members of OSCPA’s Federal Tax Committee about the more pressing issues this busy season, and they started with the deduction for qualified business income, the 199A deduction.

Jan 16, 2019, 15:01 PM by User Not Found

As busy season ramps up, accountants should be aware of what they might need to learn about Qualified Opportunity Zones.

Jan 14, 2019, 13:40 PM by User Not Found

The IRS on Jan. 7 began processing requests for transcript information made through the Income Verification Express Service program.

Dec 31, 2018, 09:31 AM by User Not Found

The IRS has issued Revenue Procedure 2019-08 to provide guidance on deducting expenses under Section 179(a) and on deducting depreciation under Section 168(g).

Dec 21, 2018, 16:22 PM by User Not Found

A look forward at the OSCPA-driven improvements to Ohio's municipal tax system.

Dec 12, 2018, 16:39 PM by User Not Found

If CPAs are feeling anxious about tax reform, they need to attack the problem through education and by focusing on high-value services.

Nov 29, 2018, 11:14 AM by User Not Found

The Tax Cuts and Jobs Act is so complex it defies understanding – even by those who wrote it. But Cari Weston, CPA, MST, CGMA, director of tax practice & ethics for the AICPA, said it is worth it for CPAs to try.

Nov 29, 2018, 10:59 AM by User Not Found

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.

Nov 26, 2018, 09:17 AM by User Not Found

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.

Nov 19, 2018, 16:15 PM by User Not Found

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.

Nov 16, 2018, 13:57 PM by User Not Found

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.

Nov 8, 2018, 09:20 AM by Jessica Salerno Shumaker

The Ohio Department of Taxation has announced that registration is open for the municipal net profit tax filing for the 2019 tax year.

Oct 25, 2018, 10:54 AM by Jessica Salerno Shumaker

The Ohio Department of Taxation on Oct. 23 published a new information release regarding the municipal net profit tax net operating loss deductions.

Oct 22, 2018, 10:20 AM by User Not Found

The half-day learning event is scheduled for Nov. 14 from 8:20 a.m. to noon.