Tax

Feb 18, 2019, 09:56 AM by User Not Found

Beginning the week of Feb. 25 the IRS is expanding the availability of “Returns Per PTIN” information in the PTIN system to all PTIN holders.

Feb 13, 2019, 16:46 PM by User Not Found

Many Ohio businesses will miss out on the chance to save on some of their tax compliance burden – estimated by the Ohio Department of Taxation to collectively save Ohioans more than $800 million in administrative costs – if they ignore a deadline coming up March 1.

Feb 11, 2019, 12:57 PM by User Not Found

The IRS is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

Feb 11, 2019, 12:54 PM by User Not Found

The IRS has expanded eligibility for its Identity Protection PIN test program to taxpayers in the top 10 locations where identity thefts are reported to the Federal Trade Commission.

Feb 6, 2019, 21:36 PM by User Not Found

Last week’s appeals court decision in favor of the Ohio Department of Taxation over cities was good news for the state’s economy for several reasons, said Barbara Benton, CAE, OSCPA’s VP of government relations.

Feb 1, 2019, 15:49 PM by User Not Found

The Ohio Society of CPAs this week sent a letter to Ohio’s Congressional Delegation urging them to provide relief to taxpayers in the wake of tax reform and the recent federal government shutdown.

Jan 29, 2019, 16:28 PM by User Not Found

In a win for Ohio’s CPA profession – and Ohio taxpayers – the state’s 10th District Court of Appeals on Jan. 29 upheld a lower court decision supporting the constitutionality of centralized collection of municipal net profits taxes and other municipal tax reforms adopted in recent years by the Ohio General Assembly.

Jan 23, 2019, 16:56 PM by User Not Found

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

Jan 23, 2019, 16:56 PM by User Not Found

As in past years, some taxpayers will be required to take an ID confirmation quiz.

Jan 20, 2019, 15:27 PM by User Not Found

Safe harbor enables many rental real estate owners to claim deduction.

Jan 16, 2019, 15:51 PM by User Not Found

We asked CPA members of OSCPA’s Federal Tax Committee about the more pressing issues this busy season, and they started with the deduction for qualified business income, the 199A deduction.

Jan 16, 2019, 15:01 PM by User Not Found

As busy season ramps up, accountants should be aware of what they might need to learn about Qualified Opportunity Zones.

Jan 14, 2019, 13:40 PM by User Not Found

The IRS on Jan. 7 began processing requests for transcript information made through the Income Verification Express Service program.

Dec 31, 2018, 09:31 AM by User Not Found

The IRS has issued Revenue Procedure 2019-08 to provide guidance on deducting expenses under Section 179(a) and on deducting depreciation under Section 168(g).

Dec 21, 2018, 16:22 PM by User Not Found

A look forward at the OSCPA-driven improvements to Ohio's municipal tax system.

Dec 12, 2018, 16:39 PM by User Not Found

If CPAs are feeling anxious about tax reform, they need to attack the problem through education and by focusing on high-value services.

Nov 29, 2018, 11:14 AM by User Not Found

The Tax Cuts and Jobs Act is so complex it defies understanding – even by those who wrote it. But Cari Weston, CPA, MST, CGMA, director of tax practice & ethics for the AICPA, said it is worth it for CPAs to try.

Nov 29, 2018, 10:59 AM by User Not Found

The bill is a response to the Ohio Department of Taxation’s interpretation that the state sales and use tax can be applied to certain electronic information services and automatic data processing.

Nov 26, 2018, 09:17 AM by User Not Found

There's been a surge of fraudulent emails impersonating the IRS and using tax transcripts as bait to entice users to open documents containing malware.

Nov 19, 2018, 16:15 PM by User Not Found

The IRS has announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.