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Feb 20, 2019
Less confusion, less hassle and less frustration. That’s the difference opting in to centralized collection could make for you and your business this year.
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Feb 18, 2019
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.
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Feb 13, 2019
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.
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Feb 11, 2019
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.
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Feb 11, 2019
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.
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Feb 06, 2019
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.
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Feb 01, 2019
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.
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Jan 29, 2019
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.
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Jan 23, 2019
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.
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Jan 23, 2019
As in past years, some taxpayers will be required to take an ID confirmation quiz.
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Jan 20, 2019
Safe harbor enables many rental real estate owners to claim deduction.
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Jan 16, 2019
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.
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Jan 16, 2019
As busy season ramps up, accountants should be aware of what they might need to learn about Qualified Opportunity Zones.
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Jan 14, 2019
The IRS on Jan. 7 began processing requests for transcript information made through the Income Verification Express Service program.
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Dec 31, 2018
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).
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Dec 21, 2018
A look forward at the OSCPA-driven improvements to Ohio's municipal tax system.
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Dec 12, 2018
If CPAs are feeling anxious about tax reform, they need to attack the problem through education and by focusing on high-value services.
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Nov 29, 2018
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.
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Nov 29, 2018
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.
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Nov 26, 2018
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.