If you have any questions pertaining to any of these blog posts, please contact [email protected]

Upcoming Events

October 25, 2017 : Ohio Society of CPAs Clev. Account. Show Steven A. Dimengo: “Sales Tax Compliance/Internet Tax”

November 10, 2017 : Ohio Society of CPAs Columbus Accounting Show Richard B. Fry

Ohio Income Tax: Dividends from accumulated C corporation earnings retain their character and are non-taxable to nonresident shareholders.

January 4, 2017

The Ohio Supreme Court encountered a relatively unique situation in Giddens v. Testa, 2016-Ohio-8412. The two shareholders of Redneck, Inc., who resided in Missouri, received large dividends in 2008, at which time Redneck was taxed as an S corporation. However, the taxpayers showed the dividends were Redneck’s earnings and profits from when the corporation was… Read More

Ohio Supreme Court upholds bright-line nexus standard for Commercial Activity Tax; Remote vendors subject to Ohio tax even if lacking physical presence.

November 18, 2016

In a 5-2 decision, the Ohio Supreme Court found that the $500,000 gross receipts in Ohio standard for creating substantial nexus for the commercial activity tax (CAT) is constitutional. “We hold that given the $500,000 sales-receipts threshold, the burdens imposed by the CAT on interstate commerce are not ‘clearly excessive’ in relation to the legitimate… Read More

Is it Time for a Multistate Tax Check-Up?

October 12, 2016

Are you correctly assessing multistate tax obligations outside of your base/home state? This is important since there is no statute of limitations for assessments for the failure to file in a foreign state. Also, taxpayers need to make sure to avoid any double tax resulting from incorrectly addressing your tax situation and failing to claim… Read More

Ohio Commercial Activity Tax: The Agency Exclusion can provide significant tax reductions with proper planning.

October 6, 2016

Ohio Commercial Activity Tax includes a significant exclusion from gross receipts for amounts received by a taxpayer acting in an agency capacity. R.C. 5751.01(F)(2)(I) excludes “property, money, and other amounts received or acquired by an agent on behalf of another in excess of the agent’s commission fee or other reimbursement….” from the definition of taxable… Read More

Ohio State Bar Association Taxation Committee Sales and Use Tax Subcommittee Report

As co-chairs of the Ohio State Bar Association Sales / Use Tax Subcommittee, here is a link to the report Steve and Rich presented at the September 22, 2016 Taxation Committee meeting. If you have any question regarding the subcommittee report or any sales / use tax questions, please contact Steve Dimengo, Rich Fry, or Casey Davis. Contact us.

Another stab at reversing Quill: Will Congress expand sales tax collection to online retailer?

September 6, 2016

The House Judiciary Committee recently released draft legislation that would implement a clearinghouse system for sales tax collection by online retailers. The proposed bill, dubbed the Online Sales Simplification Act of 2016, would end the bright-line physical presence standard mandated by the U.S. Supreme Court’s 1992 ruling in Quill Corp. v. North Dakota. The proposed… Read More