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Updated 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund

During the COVID-19 crisis, Form 941 was revised as new relief bills have offered opportunities for employers to qualify for credits and deferral of employment

IRS Issued Final Regulations on the GILTI High-Tax Exclusion

Are you a U.S. shareholder of a controlled foreign corporation (CFC)? The final regulation on Global Intangible Low-Taxed Income (GILTI) high-tax exclusion

Final 163(j) Regulations a Win for Manufacturers and Private Equity-Owned Businesses

In late July, the Internal Revenue Service (IRS) issued final regulations on Internal Revenue Code (IRC) Section 163(j) that limits the deductibility of

Ohio Net Operating Loss’ Impact on the Bonus Depreciation Adjustment

The passing of the Tax Cuts and Jobs Act in December 2017 increased the federal bonus depreciation deduction from 50% to 100%, providing taxpayers the

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IRS Extends 2020 Rollover Period and Other Deadlines for Retirement Account RMDs

In March, the CARES Act provided taxpayers opportunity to skip this year’s (2020) required minimum distribution (RMD) from their retirement accounts.

Deferral of Employee OASDI Withholding Set to Begin on September 1 – Limited Guidance Issued

Late on the afternoon of August 28, the IRS and U.S. Treasury released Notice 2020-65, providing limited guidance surrounding deferral of the required

Working Remote OH Where are Employee Wages Taxed

Ohio municipal income tax laws often add a layer of complexity for businesses operating within the state. Back in March, as companies scrambled to move

State Tax Nexus Considerations and COVID-19

The onset of the coronavirus pandemic has led to an increase in the number of employees telecommuting for work. While this telecommuting trend may be temporary,

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Update on Executive Order Deferring Withholding of Employee Social Security Taxes – What Should an Employer Do?

It’s been almost two weeks since President Trump’s August 8 executive order “directing the Secretary of the Treasury to use his authority”

IRS Audit Campaign: Examinations to begin on Hundreds of High-Wealth Individuals

The Internal Revenue Service (IRS) announced in June a renewed focus on auditing high net-worth individuals and their related entities. First, there is

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