Tax

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

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

Sep 17, 2018, 08:18 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 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 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 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 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 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 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 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.

Jul 26, 2018, 11:07 by Jessica Salerno Shumaker

Ohio Tax Commissioner Joe Testa on Wednesday said the Ohio Department of Taxation will not assess a penalty or charge additional interest to those it can verify have been impacted by recent issues with the Ohio Business Gateway.

Jul 26, 2018, 10:18 by Jessica Salerno Shumaker

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

Jul 23, 2018, 10:05 by User Not Found

The IRS and the Security Summit partners have outlined critical steps for tax professionals to protect their computers and email as well as safeguarding sensitive taxpayer data.

Jul 19, 2018, 09:56 by User Not Found

Learn what items will be exempt from sales and use tax.

Jul 19, 2018, 09:53 by User Not Found

The Ohio Department of Taxation this week issued a reminder to all commercial activity tax (CAT) practitioners and taxpayers that the second quarter 2018 CAT return is due Aug. 10.

Jul 9, 2018, 08:50 by User Not Found

Financial planning website SmartAsset’s fourth annual study analyzed sales, property, income, fuel and Social Security tax data to rank locations on how friendly they are for retirees.

Jul 9, 2018, 08:46 by User Not Found

In case you missed them, here are some recent interesting tax news items from around the web, including cryptocurrency-related tax crimes and why millionaires are fleeing California.

Jul 5, 2018, 15:35 by Jessica Salerno Shumaker

The Ohio Society of CPAs and other business groups on Monday filed an amicus brief detailing further arguments for the need for the centralized collection and administration of the municipal net profits tax.

Jul 5, 2018, 15:29 by Jessica Salerno Shumaker

Gov. Kasich on June 29 signed House Bill 133 into law, making official an OSCPA-requested fix of an unclear tax policy that was costing businesses money.

Jul 5, 2018, 15:25 by Jessica Salerno Shumaker

The Ohio Business Gateway’s new platform went live on Monday, July 2. Those who did not pre-register need to do so soon to avoid filing delays.