On behalf of Mockensturm Limited | Dec 30, 2016 | Uncategorized
One of the more difficult concepts of tax law is that for the most part, it is arbitrary. While there is some narrative that follows from the idea that tax is typically owed on “all income from whatever source derived,” the devil is in the details and if...
On behalf of Mockensturm Limited | Dec 23, 2016 | Uncategorized
As an employer, one of your more important jobs is to properly determine if the individuals who work for you are employees or independent contractors. You probably know that employees bring with them a host of obligations for you as an employer. Payroll taxes and...
On behalf of Mockensturm Limited | Dec 16, 2016 | Uncategorized
In most cases when a law enforcement agency wants information, it can use a summons, for instance, if it wants additional information from a taxpayer concerning details of their tax returns from specific years. A summons typically is issued by a court for an...
On behalf of Mockensturm Limited | Dec 9, 2016 | Uncategorized
Last week, we looked at the factors the Tax Court uses to determine if compensation paid to employee/owners of a company qualify as “reasonable.” In a case involving a concrete contractor, the court found that the five-factor test supported the...
On behalf of Mockensturm Limited | Dec 2, 2016 | Uncategorized
When a company pays employees, it is presumed to some degree, that it pays them only enough to prevent them from leaving and going to work elsewhere. This equation changes when the company is controlled by the individual being paid. The IRS often suspects owners are...
On behalf of Mockensturm Limited | Dec 1, 2016 | Income Taxes
There’s now little doubt that federal income taxes will change in one way or another under the new administration. But what about state taxes? One possible proposal to watch out for in Ohio is a move to a flat income tax. Ohio State Senator Bill Coley says he...
