Comprehensive Tax & Legal Solutions

Mockensturm, Ltd. Legal Blog

Special tax considerations for flipping houses

In today’s world, there are a lot of ways out there for trying to make some extra money. One of these is flipping houses. This involves a person buying a fixer-up house, performing repair and renovation work on it and then trying to sell it for a profit. There are...

The benefits of having a business partner

From the time you were a child, you have learned the value of teamwork. Teachers may have paired you up for projects, and coaches taught you to work together for a victory. Later, you discovered that sharing the burden of a task made the work go faster, more...

Ohio near the middle for startup friendliness

There are various things it can be crucial for a person to be aware of when starting a business. Among these are what legal matters they need to address related to starting their company. Letting important startup legal matters slip through the cracks could not only...

What is the gift tax?

There are certain federal taxes beyond income taxes that a person could potentially be exposed to. One of these is the gift tax. The federal gift tax is a tax on qualifying gifts a person gives to another above a certain amount in a given year. The tax is on the...

Report: Venture capital funding up in Ohio

There are various specifics about the geographic area a business is starting up in that can have significant implications for the company during the startup process. One is what business-related laws are present in the area. Such laws can impact what compliance issues...

Change your will when big life events occur

One of the first documents that any person getting their estate plan together should draft is a will. Your will dictates so much in your estate that without one, it is very easy for your loved ones and beneficiaries to become entangled in complicated litigation over...

Tax planning: Not just for tax season

All kinds of critical tax issues can come up for a person during tax season. However, that season does not have a monopoly on such issues. There are plenty of significant tax issues that the months outside of tax season can see. For example, a recent article on the...