Restaurant Revitalization Fund Draft Application Released by the SBA
April 16, 2021
On March 11, the American Rescue Plan Act of 2021 (ARPA) created the $28.6 billion Restaurant Revitalization Fund (RRF) to
Category: Tax Law
Treasury, IRS Issues Guidance to Businesses About Temporary Food & Beverage Deduction Exception
April 9, 2021
On Thursday, the United States Department of Treasury and the IRS released guidance which temporarily allows businesses a full deduction
President Biden’s $2.24 Trillion Infrastructure Overhaul and Corporate Tax Proposal
April 7, 2021
Following its $1.9T COVID-19 relief bill, the Biden Administration released details of its next spending bill, the “American Jobs Plan,”
Update: Ohio Extends Tax Deadline to May 17th
March 18, 2021
The Internal Revenue Service (IRS) announced Wednesday that the deadline to file individual federal income tax returns for the 2020
Don’t Be Surprised – QOZs Are Not Like Traditional Real Estate Investments
March 11, 2020
Qualified Opportunity Zones (QOZs) were created to drive economic investment and job creation in distressed areas so as to spur
Face-to-Face IRS Meetings Are Not Always a Scam
March 5, 2020
On January 28, 2020, the Internal Revenue Service announced that it has begun conducting face-to-face meetings with individual and business
IRS Issues First Guidance on Virtual Currency
October 10, 2019
On October 9, 2019, the Internal Revenue Service (“IRS”) issued its first guidance on virtual currency in several years, consisting
Opportunity Zones in Ohio are More Attractive with Added State Tax Benefits
August 29, 2019
Opportunity Zones have been the topic of much discussion since the passage of the Tax Cuts and Jobs Act in
Warning Regarding New IRS Impersonation Email Scam
August 23, 2019
Update Regarding a New IRS Impersonation Email Scam The Internal Revenue Service (IRS) is warning taxpayers and tax professionals about
IRS Penalty Waiver Expanded for Tax Withholding and Estimated Tax Payments
March 25, 2019
Failure to pay enough income tax into the federal system during the associated tax year can result in the IRS