Latest From the Blog
Examples of The Types of Questions We Are Asked - And Our Answers | Tax Tip of the Week | No. 116
From time to time we are going to print the questions and answers that we encounter as our Tax Tip of the Week article.
What is the Use Tax? | Tax Tip of the Week | No. 114
The use tax was enacted in 1936, one year after Ohio sales tax went into effect. Since then all individuals and businesses have been subject to paying use taxes. The problem is, very few individuals and businesses are paying this tax.
Clarification of Qualified Medical Deductions | Tax Tip of the Week | No. 113
Up until now, it has been unclear what medical expenses are eligible for a tax deduction. A strict reading of the prior rules seemed to indicate only expenses incurred to pay for “skilled” caregivers was a qualified expense.
Who Pays Taxes? | Tax Tip of the Week | No. 112
The nonpartisan Joint Committee on Taxation recently announced a study showing 51% of American households had no federal income tax in 2009. Also, about 30% of households received refund checks in excess of their tax withholdings. This is due to refundable credits such as the Earned Income Tax Credit, Home Buyer’s Credit, etc. (For a closer look at tax credits please refer to TTW #87).
Did you Move This Summer? | Tax Tip of the Week | No. 111
Summertime is a popular time for people with children to move since school is out. Moving can be expensive, but the IRS offers 10 tax tips on deducting some of those expenses if your move is related to starting a new job or a new job location.