The Court of Appeals for the Third Circuit in GIACCHI v. U.S., 119 AFTR 2d 2017-733, (CA3 05/05/2017) has held that debts for unpaid taxes from late-filed tax returns are generally not dischargeable in bankruptcy. In so doing, the Third Circuit affirmed prior district court and bankruptcy court decisions, and also came to the same […]
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Ohio Department of Taxation Missing Intent of Small Business Tax Deduction Statute
Income of a business owned by a pass-thru entity (PTE) is generally subject to Ohio income tax in the hands of the owner. PTEs include partnerships, “S” corporations and limited liability companies. Starting in 2013, the definition of “adjusted gross income” found in ORC section 5747.01(A) was amended to permit each small business owner to […]
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The Right to Yelp!
With the growth of social media and online reviewing sites, it is not a surprise that many businesses benefit greatly from online ratings and reviews that are positive, glowing, and render “five stars.” However, even one bad review could be injurious to the reputation of a business, and an extremely negative review could be detrimental. […]
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7th Circuit Rules that Sexual Orientation Discrimination is Prohibited Under Title VII
In a reversal of previous holdings on whether sexual orientation is encompassed by the prohibition against sex discrimination in Title VII of the Civil Rights Act of 1964, the Seventh Circuit Federal Court of Appeals has held in an 8-3 decision that “a person who alleges that she experienced employment discrimination on the basis of […]
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Ohio Small Business Deduction – TAKE IT!
For 2016, each individual small business owner filing single or married filing jointly is eligible for a “small business” income tax deduction (SBD) against their state income tax liability equal to 100% of the first $250,000 of business income the owner receives or is allocated from a sole proprietorship or pass-through entity (“PTE”). Married filing […]
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