IRS Extends 2019 Filing and Payment Deadline

Filing and Payment Deadline Extended to July 15, 2020The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response

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FMLA Covid19

Public Health Emergencies and the FMLAEffectiveFamilies First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide employees with paid sick or family leave for specified reasons

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Ohio Unemployment for Covered Workers Covid19

Ohio Unemployment for Covered Workers Covid1903/18/2020COVID-19-affected claimants (employees) with otherwise valid applications for unemployment will be awarded benefits. While claimants must still meet

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Ohio Unemployment for Employers Covid19

Ohio Unemployment for employers affected by Covid1903/18/2020All Ohio employers planning a mass layoff or shutdown due to the coronavirus (COVID-19) pandemic should provide the following mass-layoff number

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IRS Extends due date for 2019 payments

IRS extends 2019 payment deadlineTreasury Secretary Mnuchin announced that the agency is giving taxpayers an additional 90 days to pay for those owing up to $1 million in taxes.The new payment deadline

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Must I deduct all my business expenses?

Must I deduct all my business expenses?Client says mortgage broker suggested that they remove their business expenses to look more appealing for a mortgage. ie Their income would falsely appear to be higher."If

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The Dirty Dozen Tax Mistakes Real Estate Agents Make Costing Them Thousands

The Dirty Dozen Tax Mistakes Real Estate Agents Make Costing Themselves Thousands Visit Website Taking the Easy Way OutIncome tax is a proactive sport. You must take the initiative

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Coming soon – Tony Stark v IRS

Coming soon - Tony Stark v IRS?When you think of Robert Downey Jr. today, chances are good you immediately picture him as Tony Stark, aka Iron Man, from the Marvel cinematic universe. He's one of the most

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The media is getting it wrong, again!

What did they do?The media is focusing on the wrong issue creating the wrong buzz. They shouldn't be focusing on the tax refund you are or are not receiving as the case may be, as a result of filing your

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Whoa Willie!

If you're a fan of Willie Nelson, just hearing his name is probably enough to summon some of his favorite tunes into your mind. And given that he's recorded over 60 studio albums throughout his career,

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Thriving Agent webinar Series

The Thriving Agent - webinar series Join Mike McCormick, CPA and Dave Toney, CPA as they discuss topics relevant to real estate agents. They will begin the conversation with a topic that directly

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Mike was on Comfort Killers talking tax planning

Michael McCormick joined Stacy A. Cross on the Comfort Killers podcast to talk about tax planning and the book of tax discounts. Check it out...Mike McCormick, CPA “When Was The Last Time Your Tax

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Who’s On First?

Who Loses Everything Because of Tax Evasion?When we think of celebrities trying to dodge the IRS, we tend to think of contemporary examples. Wesley Snipes or Martha Stewart, for example, who have had fairly

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Even Martha Stewart Couldn’t Craft A Way Out of Paying Taxes

When most people think of Martha Stewart, they think of one of two things. Either she built one of the most successful brand names in housewares and do-it-yourself crafts, or she’s a convicted felon.

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A little tip from the ole’ IRS

Like the all seeing eye, we all know the IRS is watching everything we do that involves money. Every paycheck, every bit of interest and dividends, and every inheritance you receive the IRS is right there,

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