Comprehensive Tax & Legal Solutions
With tax day just having passed, federal taxes can be fresh on people’s minds. How much federal tax liability do people here in the U.S. generally have? Well, reportedly, in 2016, the national per-person average for federal taxes paid was $8,943. This includes income,...
Leasing property for commercial or residential use can be a good way to earn money. However, landlords often have to deal with a number of issues with tenants. When problems start small, it can be easier to address them. Under these circumstances, tenants and...
It may seem hard to believe, but the deadline for Tax Day 2017 is now just over a week away, falling, oddly enough, on Tuesday, April 18 owing to an especially peculiar calendar year that sees April 15 fall on a Saturday and the following Monday fall on a designated...
It appears that Ohio has seen a fair amount of startup activity so far this year. According to recent data from the state’s Secretary of State’s office, 12,827 new businesses submitted business filings this March here in Ohio. This is the highest new filing total of...
Sometimes an audit happens by chance, but in many other cases, it happens because of some sort of discrepancy that the IRS discovers in your tax filing. It can be extremely stressful to be audited when you have put many hours into sorting all your paperwork and...
Estate planning can be a difficult topic for a lot of people to talk or even think about. After all, making end-of-life plans and deciding what will happen to your assets when you are gone can be uncomfortable. However, creating an estate plan can be crucial for many...
On January 18, the U.S. Treasury Department proposed regulations pertaining to tax audits for large partnerships. These rules also apply to limited liability companies and other business entities treated as partnerships for federal tax purposes. Although the rules...
Given that Tax Day 2017 is still roughly six weeks away, it would not come as anything of a surprise to learn that there are still many people who have yet to complete their federal income tax returns. For some, this delay may have to do with their accountant’s busy...
One of the most important elements of tax planning and preparation is recordkeeping. While this may seem the epitome of the routine and mundane, you must realize that it may be one of the most important parts of asserting any claim or defense, should the Internal...
If you run your own business, you may have goals that extend beyond making money and selling your product or service. Your plans may include creating a legacy, especially if you inherited the business or intend to pass it along to your children. However, building a...