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Plan administrators: What not to overlook with enrollment forms

May. 23, 2017

Have you considered everything that there is about employee benefit plan enrollment forms?  Well, consider this. All of us are aware that being prudent when it comes to administering employee […]

What are my odds of being audited?

May. 19, 2017

The IRS reports that the audit coverage rates are at low levels. In fact, the rate for individuals fell 16 percent from FY 2015 to FY 2016. The 0.7 percent […]

When must individuals pay estimated taxes?

May. 02, 2017

Are you self-employed or have income derived from sources other than employment? Have you wondered, “when must individuals pay estimated taxes?” Several federal income taxes are paid from money that […]

What are miscellaneous itemized deductions?

Apr. 18, 2017

Miscellaneous itemized deductions are certain nonbusiness expenses that individuals as taxpayers who otherwise itemize deductions may take against their taxable income. Such miscellaneous expenses are allowed only to the extent […]

How do I maximize start-up deductions for a new business?

Apr. 13, 2017

Starting a new business venture can be exciting, but rather costly. There are certain tax advantages that can help alleviate some of the financial burden associated with entrepreneurship. Learn how […]

How are LLCs taxed?

Apr. 06, 2017

An LLC (limited liability company) is not a federal tax entity. LLCs are organized under state law. LLCs are not specifically mentioned in the Tax Code, and there are no […]

New guidance issued for claiming the Payroll Tax Credit for increasing research activities

Apr. 04, 2017

New IRS guidance explaining how a small start-up business can take advantage of a new option regarding the research credit was recently announced. Though small start-ups entities often have little […]

Early credit scores matter

Mar. 23, 2017

March is Credit Education Month! Most high school and college students are too busy thinking about final exams to worry about their credit score, but poor financial choices now can […]

What to do if you receive an IRS suspicious return letter

Mar. 22, 2017

Tax-related identity theft spikes during the filing season. Many taxpayers discover for the first time that they are victims of identity theft when they receive an IRS suspicious return letter. […]

Make sure your nonprofit still exists under Ohio law

Mar. 21, 2017

Almost all nonprofit corporations incorporated in Ohio need to file a verified statement of continued existence with the secretary of state. This form provides the corporate name, place where the […]