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May 14, 2012
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Welcome to Ohio Taxation Lawyers.com

 

 
Did You Know?    
 
 
If you have employees, you are responsible for Federal Taxes
If you have employees, you are responsible for several federal, state, and local taxes. As an employer, you must withhold certain taxes from your employees pay checks. Employment taxes include the following. Federal income tax withholding Social Security and Medicare taxes Federal unemployment tax act (FUTA).

 



Tax Law is divided into both Federal Tax and State Tax, and involves the taxation of income and property acquired through personal and professional efforts. In addition to income tax, there is sales tax, gift tax, inheritance tax, capital gains tax, property tax, and a myriad of other areas of tax.

 
Tax collections shown for various States    
 
 
Amounts include adjustments to prior years made in Fiscal Year 2004. This could produce negative amounts of collections shown in the table.However, in a given fiscal year, refunds relating to prior fiscal years may be issued and subsequently recorded, and, therefore, the total refund amount may exceed the collection amount [Money amounts are in thousands of dollars.] in Ohio
Total Internal Revenue collections [2] 87,853,784
Corporation income tax [3] 9,912,042
Total [4,5] 73,909,457
Income tax not withheld and SECA tax [4,5] 7,690,528
Income tax withheld and FICA tax [4] 65,910,314
Railroad retirement tax 20,695
Unemployment insurance tax 287,920
Estate Tax 817,697
Gift Tax 31,935
Excise Taxes[2] 3,182,653

Source: Data 2004, Chief Financial Officer, Revenue Financial Management
 

Federal Income tax became law in 1913 when the Sixteenth Amendment to the U.S. Constitution was ratified. While some states do not have an income tax, all residents and citizens of the United States are subject to federal income tax. The more assets an individual owns, unfortunately, the more complicated the tax law becomes.

Congress writes the tax laws, which become part of the tax code. The Internal Revenue Service (IRS) is charged with interpreting the tax code. The IRS is a branch of the U.S. Treasury Department, with headquarters in Washington, D.C., and is ruled by a commissioner appointed by the President. Regional commissioners and district directors, also political appointees, oversee IRS operations.

Our Ohio Taxation Lawyers are willing to work for you. They can explain in detail the complex state and federal tax laws that affect you and your case. If you expect a high standard of quality from your legal representatives, then our Ohio Taxation Lawyers are the lawyers for you.

Taxation and Tax Law related topics:

  • Income Tax Cases
  • Recent Estate & Gift Tax Cases
  • Recent Income Tax Cases
  • State Statutes Dealing with Taxation
  • Corporate Taxation
  • International Taxation

Contact our Ohio Taxation Lawyer Now!

 
Ohio Audio & Video    
 
  Senate Republicans Seek End to Estate Tax
AUDIO, RM, 44Kbps, 7:08, 7/28/2005

The Senate is expected to vote this week on a proposal to repeal the estate tax. The tax has been in place for nearly a century. But times have changed and estate tax opponents are predicting victory
Source: NPR
 
 
Ohio External Sites    
 
 

Welcome to the Ohio Department of Taxation
Major Ohio Tax Law Changes begin July 1 - See Details of HB 66 Here! Ohio Tax Reform: Informational Seminars Scheduled · Streamlined Sales Tax
Ohio Department of Taxation
Municipal Income Tax Forms & Information. As directed by Ohio law (House Bill 477), the Ohio Department of Taxation is providing a location on it

 


 

  Newsroom  
 


News about Taxation cases in Ohio and nationwide:

IRS Reminds Corporations To File For An Extension By March 15
Today the Internal Revenue Service reminds certain corporations with assets of $10 million or more and whose tax year is the calendar year to e-fil...
Read more >


IRS Updates Tax Gap Estimates
Washington — Internal Revenue Service officials announced today that they have updated their estimates of the Tax Year 2001 tax gap based on the Na...
Read more >


Virginia Tax Amnesty Closes With a Flurry
Virginia's 63-day tax amnesty program concluded Monday, but not before a deluge of delinquent taxpayers descended on tax department service centers...
Read more >


More Taxation News >

 
 

Taxation Terms

 


Today's Terms

Limited Liability Company

Definition:
An LLC may be classified for Federal income tax purposes either as a partnership, a corporation, or an entity disregarded as an entity separate from its owner by applying the rules in Regulations section 301.7701-3. See Form 8832, Entity Classification Election, for more details.

Acquisition

Definition:
The purchase of one corporation by another, through either the purchase of its shares, or the purchase of its assets.

Compulsory payroll tax

Definition:
An automatic tax collected from employers and employees to finance specific programs.

More Taxation Terms >

 

Tax Legal Resources

 


Search Taxation legal resources in our resource center:

More Resources >

 

Taxation Hot Topics

 
Topics Related to Taxation Law:
  • Income Tax Cases
  • Recent Estate & Gift Tax Cases
  • Recent Income Tax Cases
  • State Statutes Dealing with Taxation

More Tax Topics >

Ohio Taxation Attorney

 
If you live in the following cities and need an taxation attorney you should contact our Taxation Attorney as soon as possible:

  • Alliance
  • Ashtabula
  • Barberton
  • Beachwood
  • Bowling Green
  • Brunswick
  • Canton
  • Chillicothe
  • Cincinnati
  • Cleveland
  • Columbus
  • Dayton
  • Delaware
  • Dublin
  • Eastlake
  • Elyria
  • Fairborn
  • Fairfield
  • Findlay
  • Grove City
  • Hamilton
  • Hilliard
  • Kent
  • Lakewood
  • Lancaster
  • Loveland
  • Marion
  • Mason
  • Massillon
  • Medina
  • Mentor
  • Middletown
  • Newark
  • Painesville
  • Reynoldsburg
  • Sandusky
  • Stow
  • Toledo
  • West Chester
  • Westerville
  • Wooster
  • Xenia
  • Youngstown
  • Zanesville
 


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