Search for: "State of Ohio Department of Taxation" Results 41 - 60 of 197
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30 Mar 2021, 6:51 am by Kevin Kaufman
If growth and opportunity are the goals, it is important to identify the appropriate revenue offsets for any shift from income taxation. [read post]
25 Mar 2021, 8:35 am by Buckingham
In a recent Board of Tax Appeals Case, taxpayers contested the Department’s assessment of personal income taxes, asserting that they were not Ohio residents. [read post]
22 Feb 2021, 6:26 am by Kevin Kaufman
Ohio imposes an individual income tax and a GRT. [read post]
23 Jan 2021, 2:53 pm by Ilya Somin
In April, the Department of Revenue published an "emergency regulation" declaring that any income earned by a nonresident who used to work in Massachusetts but was now telecommuting from out of state "will continue to be treated as Massachusetts source income subject to personal income tax. [read post]
13 Jan 2021, 8:03 am by Kevin Kaufman
Source: State departments of revenue, state comptrollers; SAMHSA; U.S. [read post]
6 Jan 2021, 6:38 am by Kevin Kaufman
Sources: Sales Tax Clearinghouse; Tax Foundation calculations; State Revenue Department websites. [read post]
17 Nov 2020, 10:01 am by Buckingham
In our previous post, we explained the Ohio Department of Taxation proposed a regulation change to limit a taxpayer’s ability to make a retroactive consolidated filing election for Ohio Commercial Activity Tax purposes (CAT). [read post]
20 Oct 2020, 9:03 pm by Kevin Kaufman
Taxpayers are permitted to subtract 35 percent of the greater of compensation or the cost of goods sold, putting it somewhere between Ohio’s commercial activity tax and Texas’ franchise (“margin”) tax.[2] For comparison, Ohio’s tax is imposed at a rate of 0.26 percent and the higher of Texas’s two rates on its narrower-based tax is 0.75 percent. [read post]
18 Sep 2020, 8:43 am by Kevin Kaufman
The state only brought in $8.63 billion in individual income tax collections between April and June, corresponding with the final quarter of FY 2020 for most states, barely half the $16.91 billion the state raised in those same months the previous year. [read post]
10 Sep 2020, 8:54 am by Buckingham
However, the Ohio Department of Taxation has indicated this relief does not extend to EIDL advance grants and other county-issued relief grants. [read post]
19 Aug 2020, 5:35 am by Buckingham
He focuses on state and local tax compliance and controversies, including Ohio and multistate sales/use tax, commercial activity tax, and personal income tax issues. [read post]
22 Jul 2020, 9:40 am by Kevin Kaufman
In practice, this multiple taxation unfortunately occurs in many states. [read post]
15 Jul 2020, 2:55 am by Kevin Kaufman
Taxes played an important role in many of these relocations, but clearly many of the departing companies were looking for something other than the lowest possible tax burden. [read post]
24 Jun 2020, 7:08 am by Buckingham
In Ohio Tax Information Release ST 2020-01, the Department of Taxation stated that the federal law will have a limited impact on Ohio’s tax on automatic data processing and electronic information services. [read post]
17 Jun 2020, 9:39 am by Buckingham
The Ohio Department of Taxation recently answered this question – these membership fees are not taxable. [read post]
19 May 2020, 1:37 pm by Kevin Kaufman
Instead, during the current crisis, states should suspend their usual practice of charging unemployment claims to employers’ accounts for purposes of taxation. [read post]
1 May 2020, 11:29 am by Buckingham
In determining that the fees were taxable, Fry said that the Ohio Department of Taxation incorrectly applied an origin-based sourcing method for the contracts. [read post]
24 Mar 2020, 10:15 am by Colby Pastre
The Department of Revenue is also moving back the February, March, and April sales tax payment, but not filing, deadlines for small businesses affected by the pandemic (those with less than $62,500 in monthly sales in 2019). [read post]