Comprehensive Tax & Legal Solutions
As we move into fall, many individuals who sought an extension are continuing to work on tax issues. Similarly, business owners often look to begin to reconcile the books at this time of year and adjust strategies to push to make year-end goals. Many decisions made...
As a business owner, you likely have a great many matters you must deal with every day. Competing in a crowded and busy marketplace is a full-time job and how to market your business, hire and train your employees, attract new customers while keeping the ones you...
Taxes are often used for more than simply revenue generation. An example is the mortgage tax credit, used to encourage homeownership. To the benefit of millions of taxpayers in Ohio, taxpayers can deduct the interest payment on their home mortgages from their income...
It happens rather frequently. A well-known entertainer or celebrity makes headlines because they have been hit with a massive tax lien for delinquent taxes. Many may wonder how this could happen. They appear to be making many times the income of an ordinary worker,...
Tax law is a very complex area of the law. The vast size of the Internal Revenue Code and is myriad regulations and case law interpreting that material makes it difficult for anyone to easily grasp the material. However, some tax laws are not that complex but make up...
There are many ways to gamble in Ohio. There are major casinos throughout Ohio, including Toledo. There is the Ohio Lottery, and there are a variety of other opportunities, from poker tournaments to bingo games. Most people who gamble see it as an entertainment...
The Internal Revenue Service has many tools at its disposal to collect past due tax debts. The large arsenal of collection instruments available to the IRS includes the authority to create a public record of the tax debt through the use of a tax lien. Tax liens are...
Taxes affect many aspects of your life, from the sales tax you pay on goods when you go shopping to the taxes on your income or that of your business. You may not associate a divorce as having much to do with taxes, but in many cases, in addition to dealing with your...
The Internal Revenue Code (IRC) is intimidating. It is massive, covering hundreds of sections within the federal statutes. It has also grown more complex. In 1955, the IRC consisted of about 400,000 words. Today, it grown to 2.4 million words. But as they say on TV,...
For many small businesses, taxes may be seen as just one of many expenses. When you allocate your revenue to various expenses, you likely prioritize those accounts payable on variable scales of importance. Your utility bills and important contracts may receive their...