BREAKING NEWS

Announcing Our Newest Partner

BMF welcomes with pride and purpose, our newest partner, Marie Lenarduzzi!

Articles & Publications

Foreign Reporting: Does it apply to you?

March 14, 2017 Tax Advisor

Taxpayers that have a financial interest in – or signature authority over – foreign financial accounts with a combined balance greater than $10,000 are required to file an FBAR Report (Foreign Bank and Financial Accounts) annually with the Federal. Read More >>

2017 Tax Deadlines for Individuals and Businesses

To help you make sure you don’t miss any important 2017 deadlines, we’ve provided a list of important deadlines for the various tax-related forms, payments and when other related actions are due. Be aware that some deadlines have been. Read More >>

Tax Reform Provisions in Proposed Ohio Budget Bill

February 23, 2017 Tax Advisor

  On January 31, 2017, Ohio Governor John Kasich proposed a new two-year state budget that includes moderate state tax law changes. With Ohio losing revenues from sales taxes on business internet service provider access and Medicaid purchases due. Read More >>

2016 Year End Tax Planning

December 1, 2016 Tax Advisor

  As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Factors that compound the planning challenge this. Read More >>

Don’t Be Late! New Filing Deadlines and Extensions for 2016 Taxes

November 17, 2016 Tax Advisor

In June of 2015, President Obama signed the Surface Transportation and Veterans Health Care Choice Improvement Act. Although this legislation primarily deals with highway infrastructure, it has a huge impact on the due dates for many tax returns, beginning. Read More >>

Will You Benefit from President-Elect Trump’s Tax Plan?

November 11, 2016 Tax Advisor

The results are in and Donald Trump will be our next president.  As tax advisors, we were paying attention to his tax plans as he was articulating them during his campaign trail. His plans included changes for individual taxes,. Read More >>

2017 Cost-of-Living Adjustments

November 2, 2016 Tax Advisor

  The IRS recently announced the 2017 cost-of-living adjustments (COLA) that impact retirement plans and the Social Security Wage Base (SSWB). After little to no increases in the SSWB over the past few years, the SSWB increased by over. Read More >>

Treasury Issues Final Guidance on Section 385 Earnings Stripping Regulations

October 19, 2016 Tax Advisor

  The U.S. Department of the Treasury and IRS have issued final and additional temporary regulations (Section 385 Final regulations) providing guidance on the treatment of related party debt. These regulations restrict the ability of corporations to strip income. Read More >>

IRS Warns of Fake Tax Bills: Do Not Fall Victim

In today’s age of technology, there seems to be a new scam daily and more and more of them are involving the Internal Revenue Service (IRS) and taxes. The IRS issued an alert informing taxpayers of the most recent. Read More >>

New Proposed Regulations Impact Valuation Discounts for Transfers of Family-Owned Businesses

  Last week the Internal Revenue Service (IRS) released proposed regulations under Internal Revenue Code Section 2704 (Section 2704) that impact the valuation of interests in closely held businesses for estate and gift tax purposes. As mentioned in our. Read More >>