You can get a tax break when paying extra for a license plate that advocates a charitable cause. For example, in Ohio there are several license plate options that promote Lake Erie, wildlife, etc. These plates cost an additional $15 per year which goes to fund those charitable causes. That $15 is a qualified charitable deduction that can be deducted on your Schedule A Form, if you itemize your deductions.

Payments for the services of a child under the age of 18, who works for his or her parent in a trade or business, are not subject to Social Security, Medicare, and Ohio Unemployment taxes, if the trade or business is a sole proprietorship or a partnership in which each partner is a parent of the child.

There were a lot of discussions this recent tax season regarding the tax law changes on Roth conversions. Those conversations will likely continue this year, as some changes to your new Roth can be made through October 2011.

Dealing with the Ohio Department of Taxation (ODT) just became a little more difficult. ODT has announced that June 30, 2011 was the last day that Service Centers in Akron, Cincinnati, Cleveland, Dayton, Toledo, Youngstown, and Zanesville would be open.

This week we are going to paraphrase an excellent article that appeared in the June 27, 2011 issue of Forbes (author: William Baldwin).

Effective July 1, 2011, the IRS has made two significant tax law changes. The first is an increase in the mileage rate. The second is a reduction in the Federal Unemployment rate (FUTA).