If taxpayers are missing wages and withholding information to file their individual federal income tax returns, certain steps should be taken. Businesses are required to send their employees a Form W-2 “Wage and Tax Statement” by January 31 each year. Businesses are also required to send their non-employee workers a Form 1099-NEC “Non-employee Compensation” by…
In a recent information release, IR 2022-45 (3/1/2022), the IRS has reminded taxpayers of their reporting and potential tax obligations from working in the gig economy, making virtual currency transactions, earning foreign-sourced income, or holding certain foreign assets. Gig economy earnings are taxable. Generally, income earned from the gig economy is taxable and must be…
PSE’s very own Adam Beiersdorfer spoke to the Northmont Chamber about LLCs, B-Corps & Business Law at their Professionals in Networking meeting today. Thank you to the Northmont Chamber for hosting us!
PSE Sends Good Vibes For A Bengals Win – Who Dey!
Please join us in congratulating Jeff Senney on his appointment to the Northmont Chamber of Commerce Board of Directors. We are thrilled to be a part of this Chamber.
On February 7, 2022, the Department of Labor (DOL) issued guidance to the States regarding the conditions under which a state may waive overpayments of unemployment compensation to an individual under the CARES Act programs. States are encouraged to waive non-fraud overpayments to individuals who received unemployment compensation under one of several programs, including the…
Many individuals and small businesses have adopted peer-to-peer payment apps like Venmo, Paypal, and Cash App (“P2P platforms”) to make convenient mobile money transfers. These P2P platforms provide an easy and convenient way to split a restaurant bill with friends, make gifts to family members, pay a babysitter, or make or collect a payment for…
Top 10 Tax Cases of 2021 IRS Criminal Investigation Group (IRS-CI) is the criminal investigative arm of the IRS. IRS-CI is responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money laundering, public corruption, healthcare fraud, identity theft, and more. IRS-CI special agents are the only federal law enforcement agents with investigative jurisdiction…
In every complaint for a Divorce, the Plaintiff (the party initiating the action) must state certain grounds, or causes, to the court. Ohio Revised Code § 3105.01 provides that the Court of Common Pleas may grant divorces for the following causes: Either party had a husband or wife living at the time of the marriage…
“S” corporations are only permitted to have certain types of shareholders (generally individuals, estates, and grantor trust), may have no more than 100 shareholders, and may not have more than one class of stock. An “S” corporation also may not have passive income in excess of the passive income limitation in IRC section 1362(d)(3). If…
