Tax Law

Receiving a collection letter from the IRS can unsettle anyone. The Internal Revenue Service has a reputation that often inspires anxiety, but understanding how to respond can ease your worries. Here are some steps to consider after receiving such a letter. You can...

Just like constructing a solid building, resolving tax challenges requires the right blueprint and a clear plan of action. Whether you are managing a construction company or running a growing business, getting past-due Form 941 filings back on track is crucial for...

Receiving a letter from the IRS, especially an audit notice, can trigger anxiety for any taxpayer. While an audit doesn't necessarily imply wrongdoing, it does mean the IRS is taking a closer look at your tax return to verify its accuracy. Understanding the audit...

Owing money can feel overwhelming, especially when the entity you owe money to is the government. Luckily, government agencies understand that people have expenses and may need a little help paying their past due taxes, offering various solutions in the form of...

Before starting a new business, you should understand your future tax responsibilities. This can help you avoid complications and run a smooth operation. Every decision matters, but selecting a business structure that fits your needs is crucial. It will determine the...

Investing in real estate in Ohio can be a lucrative venture with hard work and careful planning. An unfortunate number of those new to real estate investing fail to take tax considerations into account, leading to unnecessary and often preventable losses. Here are...

Financial emergencies can arise unexpectedly, forcing many to consider tapping into their retirement savings. Two common options are 401(k) loans and hardship withdrawals. While both provide access to your retirement funds, they have distinct implications for your...

One thing that can trigger an audit is when you make a tax mistake. This is often why people are very concerned about making unintentional errors. At our firm, we have already discussed how there is a big difference between an accidental mistake and intentional tax...

Most people who are creating an estate plan want to ensure that they’re leaving their loved ones as much as possible. One thing that could eat away at that total inheritance is taxes.  Ohio doesn’t have an estate tax, so you’ll only have to think about federal taxes....

Whether you’re doing taxes as a business owner or an individual, you’re expected to do them correctly. You may not officially have any training or education regarding how to do your taxes, as most people don’t. But there’s still an obligation to follow the regulations...