Category Archives for Taxation
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
Continue readingFMLA 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
Continue readingOhio 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
Continue readingOhio 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
Continue readingIRS 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
Continue readingMust 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
Continue readingThe 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
Continue readingComing 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
Continue readingThe 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
Continue readingWhoa 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,
Continue readingThriving 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
Continue readingMike 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
Continue readingA 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,
Continue reading