Tax

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.

Oct 4, 2024, 00:00 AM by Jessica Salerno Shumaker

The Federal Reserve for the first time in four years cut the interest rate by 0.5 percentage points last month, which could not only stimulate the broader economy but also affect state budgets going forward, including Ohio’s.

Oct 4, 2024, 00:00 AM by Jessica Barboza

The IRS says it is opening a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the Employee Retention Credit.

Oct 4, 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.

Sep 27, 2024, 00:00 AM by Jessica Salerno Shumaker

The Ohio Department of Administrative Services recently shared with OSCPA that through Sept. 16 only 35% of current OH/ID users have completed required Ohio Business Gateway actions prior to an upcoming deadline.

Sep 27, 2024, 00:00 AM by Jessica Barboza

The IRS has released Notice 2024-68 announcing the special per diem rates effective Oct. 1, 2024, which taxpayers may use to substantiate the amount of expenses for lodging, meals and incidental expenses when traveling away from home.