Tax Law

Ohio uses a rather complex formula to calculate property taxes for farmland. Instead of paying a percentage of the presumed value of the land, as is the case for most residential homeowners, farmer’s property tax is calculated on the current use of the land. The...

Tax audit. You only have to say the words to feel some discomfort. Sure, you prepare and pay your taxes every year, but you know you are not a tax expert. You may even hire a CPA or a tax attorney to assist with your tax planning or the preparation of your taxes. But...

This week, the Ohio Supreme court heard oral arguments in a case that one of the justices suggest will not be decided with their decision. The question involves the Ohio Commercial Activity Tax and the state’s imposition of it on out-of-state retailers. A state’s...

With the income tax filing deadline of April 18 just past, few people probably want to think any further on taxes or their liability for their payment. At least, not for a few months. Unless you have to pay quarterly taxes or estimated taxes, most who file need not...

For individuals and businesses in Ohio and throughout the country, receiving a notice or letter in the mail from the IRS can be a confusing, even frightening experience. Perhaps you are being audited, accused of criminal tax evasion, or are the target of an IRS...

Farming in Ohio has plenty of challenges. There is always the weather, where springtime flooding, a broiling summer drought or a late-season hail storm can leave a framer with little to show for a year’s toil. There are commodity price fluctuations that may be...

Taxes, like real estate, are always local. It really does not matter what an overall tax rate for some people or businesses happens to be, what matter to you or your business is the tax rate you pay. In recent years, Ohio has seen some significant tax reductions at...

For a business owner, the payment of taxes is an unpleasant reality. Your business may face many taxes; income tax, property tax, special business taxes and payroll taxes. To many, they are all taxes, but to the Internal Revenue Service, payroll taxes are of special...

Americans love lists. The internet especially loves lists. The top ten this, the bottom twenty that, five reasons you should do this, top three mistakes every business makes; no matter the subject, there is a list. Of course, you may not be interested in the top ten...

In our last post, we were discussing the topic of out of state taxation of a business that has no presence in Ohio. Under traditional conceptions of taxation, such a business would have no nexus with Ohio, other than that some customers were located here, and would...