Lynda Doland, CPA reminds anyone filing a tax return in Ohio that a driver’s license is needed:

 

 

New this year, the Ohio Department of Taxation will require a driver’s license or state ID number on all electronic returns for tax year 2016. If the taxpayer has neither, they must declare so on the return. This information was previously optional until this year.

The driver’s license or state ID is now being required because the IRS and many other states are req Read More >>

Lynda Doland, CPA gives some insight on which records you should keep, and for how long:

 

 

All too often, our files get cluttered with old records that we hold on to “just in case.” When it comes to tax returns and other supplemental documents, this article I found from CPA Practice Advisor has tips straight from the IRS:

  1. Always keep copies of your filed tax returns. They help in preparing future tax returns and making computations if you need to file an a
Read More >>

**UPDATE: This post has been updated as of 12/22/16** As we approach year-end, there are a few important updates to filing deadlines and rate changes to keep in mind. Shirley Wu, CPA explains:

 

New filing deadline for forms W-2 and 1099:

Beginning with the 2016 forms (e.g. those filed in 2017), Form W-2 and Form 1099-Misc, for payments reported in box 7, must be filed with the Social Security Administration or IRS, respectively, by January 31, 2017 rather than the prior Read More >>