There is a new law that requires the IRS to hold refunds claiming the Earned Income Tax Credit and the Additional Child Tax Credit. The IRS will NOT begin to release EITC/ACTC refunds until February 15, 2017. However, these refunds likely will not reach taxpayers until the week of February 27, 2015. If you have… Read More

Affordable Care Act of 2016 is now in full swing and under the general rule every American is required to have medical insurance coverage which satisfies the rules under what is defined as “essential minimum cover- age.” In summary, “essential minimum coverage” means that the policy has no annual or lifetime coverage caps; cannot deny… Read More

There is still an opportunity to lower your tax liability before the year ends. This can be accomplished in a few different ways as follows: CHARITABLE CONTRIBUTIONS: If you are electing to itemize your allowable itemized deductions on Schedule A of your 2016 federal income tax return, then charitable donations are an excellent way to… Read More

The State of Ohio has announced, if you plan to file your state return electronically, you MUST provide them with your driver’s license or state ID number. Ohio now requires driver’s license information for both the primary taxpayer and spouse (if Married Filing Jointly in an effort to combat stolen–identity tax fraud.  Taxpayers will be… Read More