An ID theft problem ahead of the Oct. 15 filing deadline will likely lead to measures that will slow refunds in the spring, Ohio Tax Commissioner Joe Testa told OSCPA this week.

The National Conference of CPA Practitioners is warning that the complexities of the Affordable Care Act may negatively affect millions of taxpayers in the upcoming tax season.

Virtually all Ohio small business owners and investors will be eligible for a 75% tax deduction on the first $250,000 of business income when they file their 2014 Ohio tax return. This is an increase from the 50% deduction they took on their 2013 tax returns.

Sometimes a grandfather knows best, even when the disagreement involves the Internal Revenue Service.

The Internal Revenue Service is being urged to move up its W-2 filing deadline to January 31 and to lower the threshold for requiring electronic filing of W-2 returns in an effort to curb the growing trend of identity theft related tax fraud.

Rep. Mark Pocan, D-Wis., has introduced a bill that would help low-income married couples deduct twice as much of the interest charged on their student loan debts.