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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 >>

Tax Free Shopping for Back-to-School

July 14, 2016 The Ohio Department of Taxation announced that the 2016 Sales Tax Holiday will start on Friday, August 5, 2016 and end on Sunday, August 7, 2016 at midnight.  During the holiday the following items will be. Read More >>

Michael Hydell Promoted to Senior Manager at BMF

AKRON, OH – January 19, 2016 – Bober Markey Fedorovich (BMF), a leading CPA and advisory firm in Northeast Ohio, announced that Michael A. Hydell, CPA, MTax, has been promoted to Senior Manager within the firm’s Tax Services group. Read More >>

Ohio’s Residency Contact Period Test Increased by 30 Days

January 4, 2016 Tax Advisor

Starting in 2015, individuals with less than 213 “contact periods” will be considered a non-resident for purposes of Ohio personal income tax.  Prior to 2015, individuals with less than 183 contact periods were considered non-residents. A contact period within. Read More >>