Latest From the Blog
Tax Tip of the Week | No. 306 | Ohio Municipal Tax Reform
Ohio cities could see fallout from a U.S. Supreme Court decision last week rejecting the way Maryland double-taxes income earned outside the state.
Tax Tip of the Week | No. 305 | Ohio BWC Credit Opportunity
About 11,000 businesses and other employers insured by the Ohio Bureau of Workers' Compensation (BWC) could lose their share of the statewide $1.2 billion premium credit in the pending switch to prospective billing if they don't bring their accounts current by July 1.
Tax Tip of the Week | No. 304 | No Surprise, IRS Service Levels Decline
The number of taxpayer phone calls answered by the IRS dropped significantly during this tax season and call wait times were up, according to an interim report issued by the Treasury Inspector General for Tax Administration (TIGTA). TIGTA found that the IRS’s level of service (defined as the number of calls in the IRS’s toll-free assistance queue that are answered) dropped to 38.5%, compared with 74.7% last tax season.
Tax Tip of the Week | No. 303 | Tax Scams Continue
Tax scams do not end with the tax season. The IRS phone scam continues to victimize taxpayers. Fraudsters make phone calls to taxpayers, pretending to be IRS agents, and inform them that they owe back taxes.
Tax Tip of the Week | No. 302 | Start Your 2015 Tax Planning Now!
Before you put your 2014 federal income tax return in the virtual or physical file drawer, check for items that can affect your 2015 planning. Here are three:
Tax Tip of the Week | No. 301 | 15 Ways To Spend A Refund
15 wise moves to make with your client's enormous tax refund: The average taxpayer refund for the 2014 filing season was $2,893, slightly higher than the amount recorded in the recent years. Tax refunds can be put into good use by paying down high-interest credit-card debt and making additional mortgage payments, according to Motley Fool.