Tax Law Blog

The Ohio legislation would like to phase out state income taxes, a measure that has some critics questioning the math.

Employers in Ohio and across the U.S. are obligated to collect, report, remit, and document taxes withheld from employees that are paid over to state coffers and the U.S. Treasury. Failure of that duty can lead to personal liability for business...

If you opened a 529 account for your child to pay for educational expenses, new rules mean new options for funds leftover in the account.

The Internal Revenue Service (IRS) recently announced its ten-year Strategic Operating Plan to revitalize the agency, support its mandate, and create a taxpayer-first culture.

The Internal Revenue Service (IRS) gave itself a well-deserved pat on the back for its performance in the 2023 Tax Season.

Do you have any non-fungible tokens (NFTs)? The Internal Revenue Service plans to issue guidance on how it will consider them as valuable collectible items.

A tax-friendly tool to help a child pay for college may help you pass along generational wealth. For families interested in the educational future of a child, a 529 Savings Plan offers the means for parents and grandparents to help beneficiaries pay...

Corporations need tax and compliance support throughout the year. Understanding the benefits of working with a tax provider can help you make the right decisions for your company.

Out with the old and in with the new. Each year, changes to taxes and laws go into effect on the first of the calendar year. This year is no different.

For taxpayers with significant tax debt, an Offer in Compromise (OIC) may sound like a pretty good deal. An OIC provides an opportunity to reduce your tax liability—but it is by no means free.