Tax Law

In January, we noted that some former NFL players had sued Cleveland regarding the tax rate applied to their playing in the city when they were active with the NFL. Cleveland used a unique method of calculating the income tax owed, based on the number of days they...

Unfiled or unpaid business or payroll taxes can create serious problems. Depending on how the business is set up, the IRS can and will pursue the owners or managers personally for the employee share of the taxes withheld by the company and not sent to the government....

When it comes to tax policy, there are two ways of making changes. You can lower the need for revenues, and then reduce tax collections. Or you can increase taxes to raise revenue. The first option is difficult as cutting programs are difficult. There are often...

All is not lost if you weren’t able to file your 2014 Federal and Ohio income taxes by the April 15, 2015 deadline. As with many things in life, an ounce of prevention is worth a pound of cure when it comes to filing your taxes.  Even if you didn’t file an extension,...

Everyone is familiar with sales tax. We see it on every receipt of every taxable purchase we make in Ohio. If you operate a business in the state, you are also familiar with calculating the amount of sales tax you must charge your customers and remit to the Ohio...

During this “Offer heyday” thousands of Offers were accepted and these companies were many times successful (though never as much as they claimed). However, the very success of the program produced a backlash at the IRS, and since the program allows for significant...

If you run your own small business, you know every penny counts. Which means many small business owners operate their businesses out of their homes, rather than adding another expense to ledger. In addition to saving costs of renting office space and time spent...

No one wants to receive a notice from the Internal Revenue Service (IRS) of a tax audit. The prospect of IRS agents going over your financial records with a fine tooth-comb, looking for any discrepancy or mistake, is certainly an unpleasant prospect. And if they do...

With apologies to the character Shrek from the eponymously named movie, tax law is very much like an onion. Although many would suggest that the Internal Revenue Service (IRS) is very much like an ogre, the determination of an answer to many tax questions is akin...

Tax information is valuable. Because your income tax filings contain a significant amount of private, confidential information, and because much of that information has an economic connotation, the Internal Revenue Service (IRS) has again warned all taxpayers to be...