Tax

Apr 15, 2019, 13:14 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 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 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 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 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 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 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 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 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 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.

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

Taxpayers who have elected to have the Department of Taxation administer the municipal net profit tax for their companies must file declarations and make estimated payments directly via the Ohio Business Gateway.

Apr 2, 2019, 10:37 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 deduction is in effect.

Apr 2, 2019, 10:30 by User Not Found

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

Mar 30, 2019, 10:10 by User Not Found

On March 28th, the Joint Committee on Taxation published “Overview of Limitation on Deduction of Business Interest: Section 163(j).”

Mar 28, 2019, 10:52 by Jessica Salerno Shumaker

Ohio businesses that have a taxable year that begins on February 1st, and want to file their 2019 municipal net profit tax with the Ohio Department of Taxation, must register on or before, April 1st on the Gateway.

Mar 27, 2019, 07:20 by User Not Found

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

Mar 21, 2019, 14:58 by User Not Found

One of the trickiest parts of this year’s busy season has been calculating how properly compensated for the additional work required for 2018 tax returns.

Mar 21, 2019, 14:45 by User Not Found

It can be difficult for clients to recognize the benefits of filing tax extensions.

Mar 18, 2019, 10:12 by User Not Found

The Joint Committee on Taxation has published a 32 page “Overview of Deduction for Qualified Business Income: Section 199A.”

Mar 18, 2019, 10:10 by User Not Found

The form has not been changed so it will be easy to overlook an important requirement.