Timothy EarlsApr 3, 201915 min readOhio Tax ResolutionsIntroduction: An Overview The State of Ohio has a multi-faceted approach for dealing with delinquent income tax matters. The Department...
Timothy EarlsJan 15, 20192 min readBeneficial Changes to the Kiddie Tax for 2019What is the Kiddie Tax? In 1986, the Kiddie Tax was added to the tax code in order to prevent high wealth parents from shifting...
Timothy EarlsJan 15, 20192 min readBe Aware of the W-2 Limitation When Calculating the New Pass-Through DeductionIntroduction The new Section 199A provides self-employed taxpayers with a new pass-through deduction. For many this deduction will be...
Timothy EarlsJan 15, 20192 min readExplaining the Specified Service Trade or Business Exclusion from the New Section 199A DeductionIntroduction The new Section 199A pass-through deduction identifies certain business fields that may not utilize the deduction if the...
Timothy EarlsJan 15, 20192 min readWhat is Section 199A Qualified Business Income (QBI) and Why Does it Matter?Introduction The new Section 199A provides self-employed taxpayers the ability to deduct up to 20% of their Qualified Business Income...
Timothy EarlsJan 9, 20193 min readThe Basics of the New IRC Section 199A and How It Affects the Self-Employed Introduction to the “Pass-Through Deduction” Affectionately being referred to as the Pass-Through Deduction, the new tax law will allow...