Sharon Sledzik
Ohio Municipal Income Tax Uniformity
Once again there are rumblings in the State of Ohio to try to make it easier for businesses to do business in the state. In 2003 legislation was passed that created some uniformity among the numerous local taxing agencies. All municipalities had to have the same filing due dates, uniform definition of taxable income for [...]
Tax Season Delay
IRS has announced a delay of the start of tax filing to January 30, 2013. This delay is a result of retooling forms and computers to encompass the tax law changes from the fiscal cliff deal. There will be a further delay for those who need certain forms for depreciation and the various credits that [...]
Married Filing Joint vs. Married Filing Single
This topic takes a new twist as the Supreme Court reviews Windsor v. US (110 AFTR 2d 2012-6370). In this case, the 2nd Circuit struck down the Defense of Marriage Act section that defines the term marriage as “a legal union between one man and one woman as husband and wife” and spouse as “a [...]
New Repair and Maintenance Temporary Regulations
The IRS has again attempted to define what constitutes a cost that is a normal repair or maintenance expense versus what has extended use and therefore must be capitalized. What a mouthful! And so are the 157 pages of new temporary regulations! These regs will virtually affect all business taxpayers beginning in 2012. The only [...]
Need to Hire? Consider Veterans
Veterans provide a valuable labor pool, full of highly trained, hard-working team players with strong leadership skills. There’s also a tax incentive: The VOW to Hire Heroes Act of 2011 extended the Work Opportunity credit through 2012 for employers that hire qualified veterans. It also expanded the credit by: Doubling the maximum credit — [...]
