Are You Claiming an Ohio Sales/Use Tax Exemption On Your Airplane Purchase to Be Leased To a Related Party?
April 6, 2017
A recent Ohio Board of Tax Appeals (“BTA”) decision presents warning signs when asserting the resale exemption in captive relationships. See Pi In The Sky, LLC vs. Testa, Ohio BTA, Case No. 2015-2005 (January 19, 2017). In this case, a single member limited liability company (“SMLLC”) purchased an airplane for lease to its sole member. The… Read More
TAX TALK – Meet Buckingham Partner Richard B. Fry
March 20, 2017
Welcome to TaxTalk–a video series where Buckingham Partners Steven A. Dimengo and Richard B. Fry discuss hot topics, new developments and tax law you need to know. Click the link above to watch a short video that introduces Buckingham Partner Richard B. Fry tells and briefly tells how he meets customers’ objectives.
Ohio Sales/Use Tax Manufacturing Exemption: Accelerate the Beginning of the Manufacturing Process
March 9, 2017
Ohio’s manufacturing exemption (R.C. 5739.011) is available for property primarily used to produce tangible personal property for sale. Of course, the manufacturer wants to exempt its property as soon as possible, which begins when the manufacturer’s raw materials are “committed.” A common misunderstanding is that raw materials must be transformed in some way, such as… Read More
Ohio Man Fights Personal Tax Liability For Employer’s Buys
February 28, 2017
February 17, 2017
Welcome to TaxTalk–a video series where Buckingham Partners Steven A. Dimengo and Richard B. Fry discuss hot topics, new developments and tax law you need to know. Click the link above to watch a short video as Buckingham Partner Steven A. Dimengo explains why he loves what he does.
Crain’s Cleveland – Ohio tax changes on the horizon, sales tax to become even more significant. Is your business maximizing available exemptions and incentives?
February 14, 2017
Buckingham attorneys Steven A. Dimengo and Richard B. Fry III explain Ohio tax changes on the horizon with sales tax to become even more significant. Gov. Kasich’s quest to lower the Ohio personal income tax rate continues in his latest proposed biennium budget, even in the face of Ohio’s tax revenue falling short of estimates. If… Read More