Latest From the Blog
Tax Tip of the Week | No. 252 | Executors Beware
If you should be named the Executor of an estate, you need to be aware that you could be held personally liable for any unpaid taxes of the deceased.
Tax Tip of the Week | No. 251 | Create a Tax Break - Buy Your Parents' Home
Do you have aging parents that live in an appreciated home, but no longer reap any tax benefits from ownership? For example: home is paid off and there is no mortgage interest deduction for them to deduct.
Tax Tip of the Week | No. 248 | Businesses To Benefit From New BWC Changes
The Ohio Bureau of Workers' Compensation (BWC) Board of Directors on April 23, 2014 approved $2.2 billion in employer credits to help with the proposed switch from retrospective to prospective billing.
Tax Tip of the Week | No. 247 | The Affordable Care Act's Impact on Ohio
Preliminary numbers are coming out about the impact of the Affordable Care Act and what it means for Ohio.
Tax Tip of the Week | No. 245 | It Is Better to Extend vs. Not File on Time
If you haven’t filed your tax return by now, you should probably consider filing for an extension. It is a lot easier to file for an extension than it is to amend a return later for a mistake you made trying to rush your return to completion. Even more costly is if the IRS finds a mistake you made and assesses underpayment penalties and interest.
Tax Tip of the Week | No. 244 | Be Careful With IRA Rollovers
In Bobrow v. Commissioner (TC Memo 2014-21), the Tax Court ruled that the one-rollover-per-year rule applies to all of a taxpayer's IRAs rather than to each IRA separately. This ruling conflicts with IRS Publication 590 which gives the following example: