Both chambers of the Ohio legislature have passed Senate Bill 57, which aims to provide tax relief for property owners who have been harmed by the COVID-19 pandemic. This bipartisan legislation, which passed in the Ohio House and Senate with unanimous approval, is...
This week, the Ohio General Assembly passed Senate Bill 18, which conforms Ohio law with certain federal tax provisions under the CARES Act, the Consolidated Appropriations Act of 2020 and the American Rescue Plan Act of 2021. Under this bill, which Governor Dewine is...
A great degree of uncertainty surrounds proposed tax policy changes expected from the Biden administration. However, during the 2020 campaign, President Biden provided some insights on his tax legislative agenda from which to approach this uncertainty through...
The American Rescue Plan, which was signed into law on March 11, 2021, contains significant changes to COBRA. The biggest change is that employers must now provide assistance-eligible individuals with a 100% subsidy for COBRA premiums from April 1, 2021 to Sept. 30,...
The IRS announced Wednesday that it is extending the tax filing deadline for individuals from Apr. 15, 2021, to May 17, 2021. This is an important development for taxpayers due to the many tax law changes that have recently transpired including an exclusion from tax...
In an interview last week on CNBC, U.S. Treasury Secretary Janet Yellen said that tax increases would be needed to pay for at least part of a large infrastructure, climate and education investment package that President Joe Biden plans to introduce later this year....
Tax season has officially arrived, and thanks to the pandemic, this one is shaping up to be like none before it. Typically, the filing period starts in late January. This year, however, the IRS announced it was delaying the start of the 2021 tax filing season to Feb....
With the new year under way, tax season is fast approaching. And with that comes more opportunity for scammers and cyber criminals looking to con businesses and individuals. These unscrupulous actors are looking for sensitive information that can be used to steal your...
In the age of coronavirus, responding to notices from governmental agencies, especially the Internal Revenue Service, couldn’t be more important. Recently, the U.S. Tax Court sustained an appeal from a taxpayer who received a statutory notice just four days before the...
The eyes of the political world were squarely on Georgia on Tuesday, January 5th for the runoff elections for both of Georgia’s U.S. Senate seats. At stake was control of the Senate and, consequently, President-elect Joe Biden's ability to move his policy agenda...