For individuals and businesses in Ohio and throughout the country, receiving a notice or letter in the mail from the IRS can be a confusing, even frightening experience. Perhaps you are being audited, accused of criminal tax evasion, or are the target of an IRS...
Farming in Ohio has plenty of challenges. There is always the weather, where springtime flooding, a broiling summer drought or a late-season hail storm can leave a framer with little to show for a year’s toil. There are commodity price fluctuations that may be...
Taxes, like real estate, are always local. It really does not matter what an overall tax rate for some people or businesses happens to be, what matter to you or your business is the tax rate you pay. In recent years, Ohio has seen some significant tax reductions at...
For a business owner, the payment of taxes is an unpleasant reality. Your business may face many taxes; income tax, property tax, special business taxes and payroll taxes. To many, they are all taxes, but to the Internal Revenue Service, payroll taxes are of special...
Americans love lists. The internet especially loves lists. The top ten this, the bottom twenty that, five reasons you should do this, top three mistakes every business makes; no matter the subject, there is a list. Of course, you may not be interested in the top ten...
In our last post, we were discussing the topic of out of state taxation of a business that has no presence in Ohio. Under traditional conceptions of taxation, such a business would have no nexus with Ohio, other than that some customers were located here, and would...
When it comes to taxing an out of state business, the standard test has been whether the retailer has a significant nexus with the state. The easiest way to find this significant nexus has been whether the retailer has physical assets located within a state or has...
Have you avoided filing a tax return for several years? Are you worried that you might be audited by the IRS? Did you buy a home, start a business or get married in the past year? Regardless of the circumstances, as tax season approaches, it’s important to make sure...
Though taxpayers cannot predict whose returns the IRS will choose to audit, there are things you can do to shield yourself from tax problems. Nobody wants to deal with the headaches of dealing with the IRS, so following these rules, as provided by Forbes, can make...
This time of year, many older Ohioans are living thousands of miles away, fleeing the cold and the snow of winter in Florida, Arizona or other warm-weather destinations. For those with the time and the means, this can be a pleasurable way to spend part of the year,...