As a business owner, you know just how exhausting the tax season can be. Not only are you responsible for your private, individual tax returns, you must also worry about filing taxes for your business. This is no mean feat. In fact, the National Small Business...
The deadline for tax season is just over a month away. If you are preparing your taxes, you are probably trying to think of the best ways to cut down on the amount that you owe the IRS. You’re not the only one: According to a recent survey from the American Institute...
If you were to hazard a guess, do you think that Americans are less likely to cheat on their diets, academic tests, romantic partners or taxes? The answer may surprise you–a recent study has shown that Americans are far less likely to cheat on their tax returns than...
On Wednesday, the class-action lawsuit that was brought by several Ohio municipalities challenging the state’s ability to collect local taxes has been struck down by a Franklin County judge. The lawsuit, filed by over 100 municipalities, challenged a recent law passed...
For the next couple months, you will likely be seeing people standing on street corners with signs advertising tax services and countless TV ads for tax preparers promising fast refunds. There will be kiosks set up in malls and departments stores with tax preparers on...
Probate is the process in which a court oversees the distribution of your property after you are deceased. During probate, any of your outstanding debts will be addressed and your assets will be distributed according to your will. The probate process for your estate...
The costs of running a small business can add up quickly. One of the upsides of being a small business owner is the ability to deduct several business expenses from your federal taxes. This can relieve part of the financial burden of owning a small business. Now that...
Now that tax season has begun, it is more important than ever to understand the relevant points of the recently-passed tax overhaul. Last week, our blog examined five significant piece of information from the new tax reform. This week, we will conclude our examination...
It’s never too early to think about taxes. Sure, there are plenty of things that are much more pleasant to think about, like root canals or traffic jams. But getting a jump on your 2017 taxes is a great idea–the sooner you finish them, the sooner you can relax. Going...
It’s only a few months until tax season. With the recent overhaul of the United States tax law passed by the Trump administration, taxes may seem a bit more confusing this year. Although the overhaul’s most significant changes won’t affect your 2017 returns, there are...