Tag Archives: law

Estate and Gift Tax: Key Tax Reform Takeaways

Congress pushed through massive changes to the federal tax law, most of which are effective beginning in 2018. One of the most significant changes made was to the estate and gift tax law.

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Tax Refund Opportunity — Ohio Business Income Deduction Extended to Payments Made to Pass-Through Owners Through a PEO

If you are a business owner and your compensation was paid through a professional employer organization (PEO), you may be entitled to a tax refund.

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The End of Alimony as We Know It

As a result of the Tax Cuts and Jobs Act of 2017, alimony payments will no longer be deductible under divorce agreements entered into after December 31, 2018. So, what does this change mean for divorcing spouses and their counsel? Simply put, alimony payments will no longer be taxable to recipients.

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Trade Dress: Like a Trademark, but Maybe Better

“Trade Dress” is an important but not widely understood aspect of trademark law. Can a product’s packaging, or the product’s configuration, really identify the source, without referring to any actual trademarks? The answer is yes.

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2017 Tax Reform: Impact to Hotel Industry and the Importance of a Cost Segregation Study

The Tax Cuts and Jobs Act includes provisions for immediate expensing of 100% of qualified property placed in service after Sept. 27, 2017 and before Jan. 1, 2023. As with any law, there are always exceptions, so what does this mean for hotels? Is a hotel considered a real property trade of business?

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IRS Compliance for 2017 ACA Coverage is Needed Despite Earlier Executive Order

In January, President Trump signed an executive order regarding the Affordable Care Act. Many employers hoped that this executive order, along with significant anti-ACA sentiment in Congress, would result in the ACA being repealed. As of today, that has not happened.

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Healthy Choices? Understanding the Tax Implications for Businesses and Individuals of an ACA Repeal

The future of health care is among the most controversial and important issues facing the country. Repealing and/or replacing the Affordable Care Act, will significantly impact many individuals and businesses.

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Is the IC-DISC Going Away?

The IC-DISC has long been a planning tool in the CPA’s toolbox for clients with significant international sales, but with recent tax law proposals, is it going away?

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Will vs. Trust: Is One Better Than the Other?

When it comes to planning your estate, you might be wondering whether you should use a will or a trust (or both). Understanding the similarities and the differences between these two important documents may help you decide which strategy is better for you.

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Ohio Tax Updates: Supreme Court Rulings and Sales Tax Holidays

The Ohio Supreme Court recently decided in Corrigan v. Testa that the state of Ohio cannot tax the gain realized by a non-resident owner’s investment interest in a pass-through entity operating in Ohio. This court case can significantly change Ohio’s current taxing scheme for non-resident owners that own a pass-through entity located in Ohio.

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