Comprehensive Tax & Legal Solutions
Taxes collected by Ohio and the federal government are used to promote many goals beyond merely raising revenue. Of course, state and federal taxes are used to generate the governmental income that pays for things as varied as the state courts, highways, law...
The IRS collects a substantial amount of money every year from tax filings. In 2015, the IRS collected $3.3 trillion. Unsurprisingly, many individuals have figured out that if they can capture a small fraction of that sum, they can become fabulously wealthy. There are...
When you hear of investigations and audits into the very wealthy, you may wonder if they receive special treatment from the Internal Revenue Service. If you are an ordinary taxpayer or business owner in Ohio, and you undergo a tax audit, you may feel as if the IRS...
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...