business taxes Archives - Pickrel, Schaeffer & Ebeling

The IRS has issued final Code Section 199A regulations that describe how to determine the amount of the qualified small business income deduction. For tax years beginning after December 31, 2017 and before January 1, 2026, non-corporate taxpayers including estates and trusts who have qualified business...

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Kasich 2018-2019 Budget Proposal

Jeff Senney

Legal News, Legal News for Businesses, Legal News for Individuals, Senney Says by Jeff Senney

Ohio Governor John Kasich recently issued a state budget proposal which includes an increase in sales and other taxes, and a 17% reduction in income taxes through rate reductions and increased personal exemptions. In this budget proposal, Kasich wants to increase the Ohio sales tax to...

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ESOP Disqualified – didn’t have to be

Jeff Senney

Business, Tax & Real Estate, Legal News, Legal News for Businesses, News, Senney Says by Jeff Senney

The US Tax Court has recently concluded that an employee stock ownership plan (“ESOP”) was not qualified for plan year 2010 and subsequent plan years, and that the related trust was not exempt from income tax. The court found that the ESOP was not qualified because...

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501(c)(4) Organizations Required to File Notice

Jeff Senney

Business, Tax & Real Estate, Legal News, Legal News for Businesses, Senney Says by Jeff Senney

Under new IRC section 506, a new 501(c)(4) organization has 60 days from the date it is established to file notification of its status a 501(c)(4) organization with the IRS, and existing organizations have until 6/15/16 to file such notification. However, the IRS is in...

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business taxes Tag

Qualified Business Income Deduction – Final Regs

Kasich 2018-2019 Budget Proposal

ESOP Disqualified – didn’t have to be

501(c)(4) Organizations Required to File Notice