Ohio Tax Legislative Update
April 16, 2018
On March 30, 2018, Ohio passed two bills affecting Ohio Taxpayers. SB22 updates Ohio’s conformity to the Internal Revenue Code and incorporates important changes from the federal Tax Cuts and Jobs Act (TCJA) and the Bipartisan Budget Act of 2018. HB24 allows taxpayers to deduct certain medical expenses, which was previously disallowed. Individual Income Tax… Read More
Are you a multi-state retailer?
April 8, 2018
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. Discover developments in sales tax collection as states look to increase revenue by targeting online retailers. Watch this video to find out changes may be on the horizon… Read More
Future of Sales Tax Nexus Unclear as South Dakota v. Wayfair Awaits Supreme Court Decision
March 15, 2018
In 1992, the Supreme Court held in Quill Corp. v. North Dakota that a state cannot require an out-of-state retailer (remote seller) to collect sales or use tax unless the retailer has an in-state physical presence. However, this decision was decided before the rapid rise in e-commerce which now accounts for hundreds of billions of… Read More
Municipal Income Tax – Ohio Court denies challenge to Centralized Filing System
March 2, 2018
The Franklin County Court recently denied a challenge to the provision in H.B. 49 that allows taxpayers to file a single municipal net profit return with the Ohio Tax Commissioner through the Ohio Business Gateway. The sole issue in the case was whether Ohio’s General Assembly had the constitutional authority to enact centralized collection of… Read More
income tax, Ohio Business Gateway, Rich Fry, Steven A. Dimengo
Sales/Use Tax: Expanded Authority to Collect Sales/Use Tax From Remote Sellers Could Give States a Windfall While Increasing Compliance Costs for Businesses
January 23, 2018
Due to the recent passage of Tax Cuts and Jobs Act, states are actively looking for solutions to offset losses of revenue that could result from the new legislation. One solution states have supported is an expansion of states’ authority to collect sales/use tax from remote sellers. A 1992 Supreme Court decision Quill v. North… Read More
Ohio State Bar Association: Sales and Use Tax Subcommittee Report
January 22, 2018
Click here to view the report Steve and Rich, Co-Chairs of the Ohio State Bar Association Sales / Use Tax Subcommittee, presented at the January 18, 2018 Taxation Committee meeting. These are the key cases decided within the last few months, and we are proud to be associated with all of them. This includes pro-taxpayer findings of… Read More