Income Tax
Latest News
New York to Send Child Tax Credit to Recipients by Mail
FASB Issues 2024 Investor Outreach Report
Professionals on the Move – Aug. 2024
State CPA Society News & Updates – Aug. 2024
Ohio women sentenced for using fake W-2s fo file bogus income tax returns
Three women convicted on charges of preparing fraudulent income tax returns were sentenced Friday by U.S. District Court Judge Jack Zouhary and ordered to repay the IRS.
Small nonprofits getting cut in healthcare tax credit
Due to the federal budget impasse, certain small non-profits nationwide will see an 8.7 percent cut in a federal tax credit they have received since 2010 for providing health care insurance for their employees.
IRS Income Tax Tables for 2014 Tax Season
The below tax tables were released by the IRS and are the official rates for individuals and married taxpayers when they file their returns before April 2014. These are, then, the official rates for tax year 2013, which ends Dec. 31, and for which filers who pay estimated taxes during the year should follow.
Ohio Senate passes state budget
The Ohio Senate passed the two-year, $61.7 billion budget today along party lines, offering up tax cuts for business owners and more money for schools, including 13 of 16 in Franklin County.
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Tim Cook Defends Apple’s Tax Accounting
Associated Press Video: Apple's CEO, Tim Cook is disputing assertions by a Senate panel that the company avoids billions of dollars in U.S. taxes by shifting profits to foreign affiliates. (May 21)
In Kentucky, not paying taxes can result in loss of drivers and professional licenses
Beginning July 1, Kentuckians who don't pay their state taxes can lose their drivers and professional licenses and their ability to register and license a vehicle.
New Oklahoma tax bill challenged by attorney as unconstitutional
Oklahoma City attorney Jerry Fent challenged a highly touted tax-cut bill Thursday. Fent filed suit with the Oklahoma Supreme Court alleging that House Bill 2032 violates the state Constitution because it contains more than one subject.
Ohio Governor trying again on fracking tax
Ohio Governor John Kasich is trying to revive a twice-killed new severance tax on shale drilling by offering to send some of the proceeds back to 33 counties in Ohio's Appalachian region.