Ohio landlords and tenants often forget to comply with the legal requirements regarding multiple year leases. The Ohio Statute of Conveyances requires that all leases of three years or more be signed and notarized. Leases not exceeding three years are exempt from these requirements. In other words, if a lease is for exactly three...
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Small Business Tax Deduction: Important Potential Change to Section 179 Equipment Deductions
Over the past few years due to certain amendments to it, the Section 179 federal tax deduction has become a highly useful federal tax deduction available to businesses allowing them to accelerate the deduction acquisition costs of certain business assets. In fact, as a result of amendments beginning in 2008, Section 179 has been one...
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Ohio Supreme Court says “Yes you can!” – but should you? Court upholds ability of a salaried employee to execute tax complaints on behalf of a corporation.
In Marysville Exempted Village Local School Dist. Bd. of Edn. v. Union Cty. Bd. of Revision, 2013-Ohio-3077, the Ohio Supreme Court upheld the ability of a salaried employee of a corporation to fill out and execute a complaint against the valuation of real property (a “tax complaint”) on behalf of the corporation. The...
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