The Foreign Account Tax Compliance Act (FATCA) requires foreign financial institutions to indentify U.S. taxpayers and report information about their financial accounts. The primary aim was to prevent taxpayers from using foreign accounts to commit federal tax crimes....
When it comes to business dealings with the country’s neighbor to the north, borders often get blurred, especially here in Toledo, which is not that far from the border. If you conduct business in more than one country, you will need to account for the income you make...
Tim Conway is known for his goofy antics and oddball characters in films as well as on television shows, particularly as a member of the Carol Burnett Show cast. Sadly, the 84-year-old actor now suffers from an advanced form of dementia and lives elder care facility....
The long slow demise of Sears has been painful for those who used to love to look through the famous catalogs. These days the department store chain is perhaps remembered as a brick and mortar precursor to Amazon and other online shopping sites. However, as buying...
The world mourned the loss of Aretha Franklin after her long battle with pancreatic cancer. Despite the fact that she was 76 years old and she knew she had cancer, Franklin left no will for her four children. According to media source, not only does this leave the...
Home equity can come in extremely handy for keeping you financially afloat during retirement or long-term illness. However, it should not be regarded as an ATM to be emptied whenever you feel like it. According to the Associated Press, American homeowners are sitting...
You may remember filing your first 1040-EZ as a teenager with a part-time job. A few easy questions and you were finished except for waiting for your nice refund to arrive. Things are very different now as your life and your employment have become more complicated....
You’ve come up with a great business idea and you’ve made the decision to make this idea into a startup. What you do next matters greatly. A great business idea alone is no guarantee that a startup will be successful. There are a variety of things that could cause a...
Admittedly, there are lots of law firms that dot Ohio’s landscape. And like Mockensturm Ltd., some of them devote their primary attention to more than one practice area. Often, though, and despite such similarity, it is the material differences between firms that are...
It was recently reported in the New York Times that 64 million Americans live in multigenerational households, which is double the number it was 50 years ago. The reasons for doing this are many, including saving on the cost of care for the young and elderly and the...