Taxes
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Over Three in Four Adults Want Overhaul to U.S. Social Security System, Survey Says
Six Reasons Why the IRS Can’t Regulate Tax Return Preparers
According to a new federal court of appeals case, the IRS doesn’t have the authority to regulate tax return preparers who routinely file returns on behalf of taxpayers.
Ohio Small Businesses Get New Income Tax Deduction
Beginning with the 2013 tax year, an individual taxpayer filing the IT 1040 is allowed a deduction amounting to 50 percent of the taxpayer's Ohio small business income of up to $250,000.
Deployed Military Forces Can Get Free Tax Help
Ohio's deployed military personnel may receive free tax preparation services from volunteer tax experts.
What Unearned Income Means on a Dependent’s Income Tax Return
A couple of years ago, a reader told me that he was very perplexed. He was trying to prepare his daughter’s tax return, but was coming up with a huge tax bill. Why?
How to Enhance Client Relationships, Even During Busy Season
Accountants, especially during busy season, have significant demands on their time, so it's critical to understand how to balance a desire to develop deeper client relationships and work-related time constraints.
Are Relocation Assistance Payments Taxable?
I have been preparing tax returns for a very, very long time. Yet, I usually feel as if I know nothing. So, when someone asks me a question, even when I am pretty sure of the answer, I look it up.
Obamacare May Be Delayed, But The Excise Tax Isn’t – How Much Can It Cost Businesses?
The recent decision to postpone the employer mandate to provide affordable health care coverage to full-time employees under Obamacare (the “play or pay rules”) is welcome news to certain mid-sized companies.
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The Dirty Dozen Tax Scams for 2014 – IRS Cautions Taxpayers
The Internal Revenue Service today issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud.