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 plans to...
Categories
- Blog (11)
- Blog1 (10)
- Business And Real Estate Transactions (10)
- Chapter 7 (2)
- Income Taxes (10)
- IRS (11)
- Offers In Compromise (1)
- Payroll Taxes (5)
- Prenuptial agreement (1)
- Probate And Estate Planning (11)
- Property Taxes (8)
- Tax Audits And Appeals (10)
- Tax Law (11)
- Tax Planning (10)
- Uncategorized (151)
Archives
- January 2021 (1)
- October 2020 (1)
- August 2020 (1)
- July 2020 (1)
- May 2020 (1)
- July 2019 (2)
- May 2019 (2)
- April 2019 (6)
- March 2019 (5)
- February 2019 (6)
- January 2019 (6)
- December 2018 (4)
- November 2018 (5)
- October 2018 (5)
- September 2018 (4)
- August 2018 (5)
- July 2018 (5)
- June 2018 (6)
- May 2018 (5)
- April 2018 (5)
- March 2018 (6)
- February 2018 (5)
- January 2018 (5)
- December 2017 (5)
- November 2017 (5)
- October 2017 (6)
- September 2017 (5)
- August 2017 (7)
- July 2017 (5)
- June 2017 (5)
- May 2017 (6)
- April 2017 (6)
- March 2017 (6)
- February 2017 (2)
- January 2017 (6)
- December 2016 (6)
- November 2016 (5)
- October 2016 (5)
- September 2016 (5)
- August 2016 (5)
- July 2016 (3)
- June 2016 (6)
- May 2016 (6)
- April 2016 (6)
- March 2016 (4)
- February 2016 (2)
- January 2016 (1)
- December 2015 (4)
- November 2015 (2)
- October 2015 (4)
- September 2015 (2)
- August 2015 (3)
- July 2015 (2)
- June 2015 (3)
- May 2015 (4)
- April 2015 (4)
- March 2015 (3)
- February 2015 (2)
- January 2015 (2)
- December 2014 (2)
Recent Posts
The IRS has a dedicated team that focuses exclusively on the wealthy
On behalf of Mockensturm Limited | Oct 4, 2016 | Income Taxes, IRS
As we move into fall, many individuals who sought an extension are continuing to work on tax issues. Similarly, business owners often look to begin to reconcile the books at this time of year and adjust strategies to push to make year-end goals. Many decisions made...
Payroll and income taxes: Hiring your kids for a summer job
On behalf of Mockensturm Limited | Jul 6, 2016 | Income Taxes, Payroll Taxes
Summer jobs are a great way to generate income for college and a substantial learning experience for high school and college students. The Bureau of Labor Statistics says that last July, more than 20 million people between the ages of 16 and 24 were employed. Sole...
Tax season is just around the corner. Are you ready?
On behalf of Mockensturm Limited | Mar 3, 2016 | Income Taxes
Have you avoided filing a tax return for several years? Are you worried that you might be audited by the IRS? Did you buy a home, start a business or get married in the past year? Regardless of the circumstances, as tax season approaches, it's important to make sure...
Top income earners paid more income tax in 2013 than in 21 years
On behalf of Mockensturm Limited | Dec 31, 2015 | Income Taxes
Most taxpayers know that income is taxed at different rates, depending on how much the taxpayer has earned in the year. For instance, in 2013 a single taxpayer paid 25 percent on the income he or she earned above about $36,000, and 28 percent on income above about...
U.S. Supreme Court won’t review order against ‘jock tax’
On behalf of Mockensturm Limited | Nov 17, 2015 | Income Taxes
It was way back in January when we first discussed the way the city of Cleveland taxes professional athletes’ income when they come to town to play one of the local sports teams. As we explained then, currently Cleveland calculates the taxes on visiting NFL...
How much would Ohio make from marijuana taxes?
On behalf of Mockensturm Limited | Oct 10, 2015 | Income Taxes
According to the Ohio Department of Taxation, legalization of marijuana could bring in as much as $300 million in new tax revenue to the state. That figure is based on the assumption that there would be little integration of the wholesale and retail marijuana...
Ohio restaurant “smashed” by unpaid taxes
On behalf of Mockensturm Limited | Sep 25, 2015 | Income Taxes
When you run your own business or a small business, you know there are many pieces that go into the puzzle that makes up a successful business. You generally need a great concept and provide a great product or service that allows you stand apart from similar...
Your type of business affects your tax rate
On behalf of Mockensturm Limited | Sep 11, 2015 | Income Taxes
Many states use tax rates and other tax treatment as a means of luring businesses to the state and retaining those in the state. Ohio is no different, and the discussion out of the legislature every year always includes heated debates regarding how to change...
What is a severance tax?
On behalf of Mockensturm Limited | Aug 14, 2015 | Income Taxes
The Ohio legislature has been considering changing the state's severance tax recently. In the last session, the legislature created tax policy study commission, whose job is to examine the state's severance tax and put together proposals to reform the tax to...