Tax

Oct 22, 2018, 10:16 AM by User Not Found

The Treasury Department and the IRS have issued proposed regulations and other published guidance for the new Opportunity Zone tax incentive.

Oct 18, 2018, 11:31 AM by User Not Found

The fate of municipal tax reform in Ohio could hang upon a definition; specifically, the meaning of the word “levy” in the Ohio Constitution.

Oct 18, 2018, 11:18 AM by User Not Found

A recent Supreme Court decision has kept online retailers and states on their toes.

Oct 11, 2018, 12:04 PM by User Not Found

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.

Oct 8, 2018, 09:34 AM by User Not Found

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.

Oct 4, 2018, 11:15 AM by User Not Found

Are you aware of all the changes made under the 2017 Tax Cuts and Jobs Act?

Oct 4, 2018, 11:01 AM by User Not Found

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 30, 2018, 22:05 PM by User Not Found

Criminals are gearing up to steal money and personal information from unsuspecting victims as the fall season approaches.

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.

Sep 25, 2018, 22:19 PM by User Not Found

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.

Sep 25, 2018, 22:11 PM by User Not Found

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.

Sep 17, 2018, 08:27 AM by User Not Found

The IRS has launched a new web page that contains information about the updated agreement.

Sep 17, 2018, 08:18 AM by User Not Found

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.

Sep 17, 2018, 08:09 AM by User Not Found

The IRS has announced that interest rates will remain the same for the calendar quarter beginning Oct. 1.

Sep 14, 2018, 16:25 PM by User Not Found

Some decisions of the Ohio Board of Tax Appeals may now be appealed directly to the Ohio Supreme Court rather than to a lower court first, thanks to action by The Ohio Society of CPAs.

Sep 13, 2018, 11:45 AM by Jessica Salerno Shumaker

The Ohio Department of Taxation, in cooperation with the IRS and tax prep software vendors, will offer Modernized e-File (MeF) for taxpayers and tax practitioners who have opted to file the 2018 municipal net profit tax return with ODT.

Aug 19, 2018, 22:07 PM by User Not Found

Tax practitioners should remind clients with children and other dependents to use the Withholding Calculator at IRS.gov to do a “paycheck checkup.”

Aug 6, 2018, 17:59 PM by User Not Found

The Treasury Department and the IRS have issued proposed regulations on the new 100% depreciation deduction that allows businesses to write off most depreciable business assets in the year they are placed in service.

Aug 6, 2018, 17:54 PM by User Not Found

The proposed regulations affect United States shareholders with direct or indirect ownership in certain specified foreign corporations.

Aug 2, 2018, 11:24 AM by Jessica Salerno Shumaker

It’s now been one month since the launch of the modernized Ohio Business Gateway (OBG). On July 25, the Ohio Department of Taxation announced it will not assess a penalty or charge additional interest to those it can verify have been impacted by recent issues with the OBG.