Tax and financial planning news from around the web: January 6 – 10, 2025

Written on Jan 10, 2025

The Ohio Department of Taxation reminds all financial institutions tax practitioners and taxpayers that the first estimated tax payment for the 2025 FIT tax year is due by Jan. 31, 2025. Visit tax.ohio.gov or contact the Ohio Department of Taxation at 888.405.4039 with any questions regarding the FIT. 

The Justice Department filed an emergency request with the U.S. Supreme Court, asking it to lift the injunction on the beneficial ownership information reporting requirement under the Corporate Transparency Act after a federal appeals court reversed itself on the injunction last week.