Buying a home is an exciting milestone, but it’s also a significant financial commitment that brings tax implications. For Ohio residents, understanding available tax benefits and navigating the associated processes can lead to considerable savings…
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Not many people actually enjoy filing their income tax returns, but for first time tax filers, the prospect of sitting down and preparing their tax return is especially stressful. That can lead to procrastination, as the deadline draws nearer and nea…
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As an old saying says, “Marriage is joy doubled and sorrow halved.” If you put filing your taxes under the “sorrow” column, that’s definitely true—you now have someone to share the stress of filing with. But filing taxes as a newly marrie…
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A vacation rental property is not only a source of income, but often a wise investment. Real estate, especially in desirable areas, tends to appreciate in value. There are other advantages, too: vacation rentals can diversify your investment portfoli…
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Land is a finite resource. With every passing year, it seems, more and more commercial buildings and residential developments spring up in what was formerly green space. While many people lament these changes, it is difficult to blame landowners for…
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This time of year, income taxes are on everyone’s minds, but there may be other tax returns that you need to think about filing. In particular, you may need to file a gift tax return or an estate tax return. Learn what triggers the need to file the…
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If you’re like most people, you would probably prefer almost any activity to sitting down and preparing a tax return. Of course, if you expect to owe, you know you need to file taxes. And if you’re expecting a refund, the only way to get it is to…
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If you are a calendar-year tax filer, as most people are, you already know that your personal income tax return for tax year 2022 is (usually) due on April 15, 2023. But there are many other tax deadlines of which you may need to be aware, depending…
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For many people, preparing and filing tax returns is a dreaded chore—especially if there’s a tax bill at the end of it. We may fantasize about chucking all of our receipts and forms in the wastepaper basket, and just forgetting the whole thing. W…
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Tax planning is a critical part of maintaining the financial health of a business. By taking advantage of available business tax write-offs, you can minimize your company’s tax burden and potentially save thousands of dollars. Most small business o…
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