Tax

May 2, 2019, 10:22 AM by Jessica Salerno Shumaker

The Ohio House Finance Committee on May 2 accepted several tax changes to the amended version of Ohio’s biennial budget, chief among them to significantly cut the benefits from Ohio’s Business Income Deduction.

Apr 29, 2019, 13:26 PM by User Not Found

Some people mistakenly thought a smaller refund was a sign they did not get a tax cut.

Apr 29, 2019, 13:24 PM by User Not Found

In case you missed them, here are some recent interesting tax news items from around the web.

Apr 29, 2019, 11:45 AM by User Not Found

The IRS has issued guidance that provides additional details about investment in qualified opportunity zones.

Apr 29, 2019, 11:20 AM by User Not Found

Small business owners experienced tax relief on many fronts with the passage of the Tax Cuts and Jobs Act (TCJA) in 2017. But many of the benefits, including the valuable Small Business Deduction, are scheduled to expire after Dec. 31, 2025, absent Congressional action.

Apr 25, 2019, 10:52 AM by Jessica Salerno Shumaker

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

Apr 22, 2019, 09:35 AM by User Not Found

The IRS has issued guidance that provides additional details about investment in qualified opportunity zones.

Apr 22, 2019, 09:31 AM by User Not Found

In case you missed them, here are some recent interesting tax news items from around the web.

Apr 18, 2019, 10:30 AM 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 first quarter 2019 CAT return is due May 10.

Apr 18, 2019, 10:24 AM by User Not Found

What you need to know to keep up with conversation at the neighborhood barbecue

Apr 15, 2019, 13:14 PM by User Not Found

Anyone can request an automatic tax-filing extension, but some people get extra time without asking, according to the IRS.

Apr 15, 2019, 13:11 PM by User Not Found

The IRS has announced the results of a national two-week education and enforcement campaign to combat employment tax crimes.

Apr 14, 2019, 19:34 PM by User Not Found

The IRS has announced the results of a national two-week education and enforcement campaign to combat employment tax crimes featuring visits to nearly 100 businesses showing signs of potential serious noncompliance and taking several dozen legal actions against suspected criminals.

Apr 14, 2019, 19:31 PM by User Not Found

In case you missed them, here are some recent interesting tax news items from around the web.

Apr 9, 2019, 14:15 PM by User Not Found

The IRS has clarified the tax treatment of state and local tax refunds arising from any year in which the new limit on the state and local tax (SALT) deduction is in effect.

Apr 9, 2019, 07:22 AM by User Not Found

The IRS is providing additional expanded penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

Apr 8, 2019, 11:23 AM by User Not Found

U.S. citizens and resident aliens — including those with dual citizenship — with a foreign bank or financial account face an April 15 deadline to file their annual Report of Foreign Bank and Financial Accounts.

Apr 8, 2019, 11:20 AM by User Not Found

In case you missed them, here are some recent interesting tax news items from around the web.

Apr 5, 2019, 14:37 PM by User Not Found

Ohio’s 10th District Court of Appeals this week unanimously denied a motion for reconsideration collectively filed by over 160 cities seeking to overturn laws that enabled sweeping, pro-taxpayer municipal income tax changes.

Apr 4, 2019, 10:16 AM by Jessica Salerno Shumaker

State Sen. Kirk Schuring, R-Canton has sponsored legislation authorizing a nonrefundable income tax credit equal to 10% of a taxpayer’s investment in an Ohio opportunity zone.