On behalf of Mockensturm Limited | Jun 30, 2016 | Uncategorized
In our last post, we were discussing whether a taxpayer’s treatment of income from an ESBT was reasonable and if they were entitled to a refund of a penalty imposed by the Ohio Department of Taxation.The taxpayer had disputed the tax obligation imposed on the...
On behalf of Mockensturm Limited | Jun 24, 2016 | Uncategorized
Tax policy is often slow to evolve. A new section of the federal tax code or Ohio tax statutes may be added or an older section amended, but after this change, there may be little in the way of interpretative guidance from the Internal Revenue Service or the...
On behalf of Mockensturm Limited | Jun 17, 2016 | Uncategorized
Development easements can be a successful way to marry a tax shelter to protecting the environment or historical elements of property you own. With a development easement, you create an easement that prohibits development on the property and in return, receive a tax...
On behalf of Mockensturm Limited | Jun 16, 2016 | Payroll Taxes
Running a business often involves deciding what bills to pay – and when to pay them. Peaks and valleys in business are common in any industry. For instance, the change in the price of gas can impact a company in many ways — from increased costs in...
On behalf of Mockensturm Limited | Jun 16, 2016 | Uncategorized
No one enjoys paying taxes. On the other hand, you know they have to be paid, and work to make certain your withholding on your paycheck or your estimated taxes will cover the needed amount of your yearly taxes. Least favorite of all are taxes that you may not have...
On behalf of Mockensturm Limited | Jun 3, 2016 | Uncategorized
A record number of Americans have given up their citizenship and some claim that it is because of an obscure federal tax law. The law, known as the Foreign Account Tax Compliance Act (FATCA), requires that all Americans who have assets in foreign financial accounts...
