2021 – 08/25

2021 – 08/25

The Ohio Department of Taxation has amended the process taxpayers use to report their “school districts of residence.” The amendment is intended to simplify the rule that requires taxpayers to indicate on their state tax returns their school districts of residence, or...

Glenn and Julie have been traveling over the past month to speak to colleagues in the industry on moving your practice forward. What an honor to be a part of an event with such great people....
Possible tax consequences of guaranteeing a loan to your corporation

Possible tax consequences of guaranteeing a loan to your corporation

What if you decide to, or are asked to, guarantee a loan to your corporation? Before agreeing to act as a guarantor, endorser or indemnitor of a debt obligation of your closely held corporation, be aware of the possible tax consequences. If your corporation defaults...