Tax time can be hairy. Avoid headaches and file on time with resources from The Ohio Society of CPAs.
Why hire a CPA?
Taxes are complicated. Endless forms, line items, deductions….it can be hard to see the big financial picture when you are overwhelmed by details. Certified Public Accountants (CPAs) are highly qualified tax advisors. They don’t just prepare your returns—they work hand in hand with clients to build a tax strategy that saves you money. That’s a bottom line you can count on. Learn more.
Military families have enough worries when a family member is away on duty. Each year, CPA volunteers prepare tax returns free of charge for those deployed outside of Ohio. It’s their way of saying thanks for keeping us safe at home. Learn more about Operation CPA.
Not ready to file your taxes? Extension form, details available
It’s nearly Tax Day. If you’re like me, you’re not ready to pop your return in the post just yet.
IRS releases the dirty dozen tax scams for 2013
The Internal Revenue Service today issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud.
Safeguarding your tax records
There are many other instances, such as applying for a mortgage or other type of loan, when it will also be important to access your tax returns and other financial information. At the same time, you want to be sure that your personal documents remain confidential. With that in mind, The Ohio Society of CPAs offers these tips on protecting your critical information.
Relief available to many extension requesters claiming tax benefits
The IRS has provided late-payment penalty relief to individuals and businesses requesting a tax-filing extension because they are attaching to their returns any of the forms that couldn’t be filed until after January.
11 changes you must know before filing your tax return for 2012
With so many changes looming for 2013, it’s easy to forget that there were some significant tweaks to the Tax Code for 2012. Here’s a list of eleven changes to keep in mind before you file your 2012 tax return, due April 15, 2013.
CPA spills the 10 biggest tax mistakes people make
1040, 1040A, 1040EZ, Schedule C, Schedule B, 1099, W-2 …doing taxes is like trying to speak a foreign language that you’ve never taken a course in.
How did the fiscal cliff deal affect your taxes?
Remember all the talk about the impending fiscal cliff a couple of months ago? The fiscal cliff problems involved a list of expiring tax issues and congressionally mandated spending cuts. The expiring tax issues, at least, were mostly addressed in a new law, the American Taxpayer Relief Act of 2012, which made a number of changes in existing tax rules, while also maintaining some important rules that have an impact on many taxpayers. The Ohio Society of CPAs offers a rundown of what you need to know about the new rules this year.
New tax rules for your small business
The American Taxpayer Relief Act of 2012 resolved most of the tax issues included in last year’s fiscal cliff debate and answered many pending tax questions for small businesses. What impact did the act have on businesses? What are the long-term planning implications? The Ohio Society of CPAs offers an update that answers these questions and more.
IRS to accept returns claiming education credits by mid-February
As preparations continue for the Jan. 30 opening of the 2013 filing season for most taxpayers, the Internal Revenue Service announced today that processing of tax returns claiming education credits will begin by the middle of February.
IRS announces simplified option for claiming home office deduction starting this year
The Internal Revenue Service today announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes.
IRS plans Jan. 30 tax season opening for 1040 filers
Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the IRS announced it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30.
View more taxpayer news.