O’Connor’s Tax Service
Tax Time!!!!!
Yep its that time a year again! It seems like we just did this but 2020 is here and 2019 taxes are due April 15th. Most of us got some time as we wait for all our tax documents but its never to soon to start getting organized. Make sure you have maximized your HSA...
Tax Tip on form 8332
Form 8332 is a form that each year seems to cause some poor taxpayer a fit. In the past the IRS would except divorce papers to determine who could claim the child in any given tax year. After 2008 this all changed. The IRS now requires that form 8332 be used for...
Ohio Medical Deduction Tip
I’ve worked with two different software programs this year, my Drake Software and proprietary software for a tax office I work at and both required you to take some special steps in order to take advantage of Ohio’s break on insurance policies & medical expenses...
Business Credit Tax Tip
With last year's change in the Tax laws, a new business credit was introduced to level the playing field between the corporate tax rate reduction and the tax rates of pass-through entities. The new section 199a deduction afforded to pass-through entities a new 20% tax...
Ohio State Refund Tax Tip
Many people recieve a 1099-G from the State reflecting last year's refund. If you did not file a schedule -A- last year just file it with your tax papers for this year as none of it is taxable. If you did file a schedule A some or all of your last year's Ohio refund...
