» New Tax Law

Many municipalities, in Ohio and elsewhere, impose an income tax on people who live or work within the city limits. The logic is simple: municipalities provide services such as police protection, firefighting, road repair, and more. Those services be… Read More

To lessen the effects of the pandemic, lawmakers passed The American Rescue Plan Act (ARPA) in 2021. The Act contains several changes to tax policies, and some of these changes affect the taxes you are filing now for tax year 2020. Other tax policy c… Read More

The 2020 Coronavirus Aid, Relief and Economic Security (CARES) Act includes a temporary change to tax deductions in an effort to boost charitable donations for organizations who are struggling to help people suffering from COVID-19 shutdowns. As part… Read More

In 2017 as part of the Tax Cuts and Jobs Act (TCJA), Congress made major changes to the bonus depreciation rules affecting partnerships. For open tax years, partners should assess carefully whether they want to adopt the final regulations or the 2019… Read More

Starting with the 2020 tax year, the IRS has reintroduced tax Form 1099-NEC. The IRS made these changes to bring clarity to deadlines for reporting self-employment income. In the past, 1099-MISC has been used. This means starting this year, businesse… Read More

Many taxpayers are asking if they will still qualify for the home office deduction in 2018. The tax reform changes signed into law by President Trump in December 2017 made drastic changes to the tax code. It is the most comprehensive tax reform in mo… Read More

The new postcard sized tax forms have arrived! Although smaller, they are not simpler. The IRS still needs all the information that was on the old forms. Unfortunately, the New Tax Reform did not change the amount of information taxpayers will need t… Read More

All hobby income is taxable. Simply stated, if you make money from a hobby or business, you are required to report it to the IRS. To determine how to appropriately report and classify your income, you must first determine if the IRS considers your ho… Read More