Audit Your Tax Returns

How Long Does the IRS Have to Audit Your Tax Returns?

We get many clients coming in asking about a how long the IRS can go back to audit your tax return, The good news is there is a statute of limitations on IRS audits and tax assessments. This time period is called the Assessment Statute Expiration Date (ASED). However, like all things IRS, it's more...Continue reading

dirty dozen

IRS Dirty Dozen List: Triggers IRS Scrutiny

For over 20 years, the IRS has issued an annual Dirty Dozen list identifying tax scams and avoidance schemes. This year’s list includes everything from employee retention credit claims to the use of fake charities. Before you invest your hard-earned money in these or other highly promoted tax schemes, you should check the IRS Dirty...Continue reading

Report Gambling Winnings

When Do I Report Gambling Winnings to the IRS?

Now that so many types of gambling are legal in Ohio, when do you have to report your gambling winnings to the IRS? If you enjoy gambling, whether occasionally or frequently, it is crucial to understand how your winnings and losses can affect your tax liability. Basic Rules to Reporting Gambling Winnings Winnings: You report...Continue reading

Vehicle Tax Deductions for 2023

Last-Minute Purchases to Maximize 2023 Vehicle Tax Deductions

Looking to maximize your vehicle tax deductions for 2023 and wondering if there's still time? - Do you need a replacement business car, SUV, van, or pickup truck? - Do you need tax deductions this year? - Do you need a tax credit to offset what you owe to the IRS? 2023 Tax Credits /...

2023 Tax Strategies

Last-Minute: 2023 Tax Strategies for Marriage, Kids, and Family

It's not too late to consider 2023 tax strategies. Are you thinking of getting married or divorced? If so, consider December 31, 2023, in your tax planning. Here’s another planning question: Do you give money to family or friends (other than your children, who are subject to the kiddie tax)? If so, you need to consider...Continue reading

Filing Form 8275

When to File Form 8275 to Avoid Penalties

Form 8275 is filed to disclose all types of tax positions.  When you're considering taking an aggressive position on your tax return that could result in a substantial tax reduction, but you're worried about having to pay a penalty, talk with Ken-Mar Tax for a free consultation. As an Enrolled Agent, Ken Weinberg is up-to-date...Continue reading

self-employed tax expert Cleveland

When Do I Have to Pay Self-Employment Taxes?

What Are Self-Employment Taxes? Do I Pay Them? Self-employment taxes are to individual business owners what payroll taxes are to employers and employees. They fund Social Security and Medicare.  All individuals with self-employment income must pay self-employment taxes, regardless of their age. When business owners reach retirement age, they’ll be able to collect Social Security...Continue reading

RITA Penalties CCA Cleveland Taxes

Can RITA Garnish Your Wages? How to Eliminate Hassle and RITA Penalties

What are RITA Penalties and CCA Cleveland Collections? Are you receiving letters from organizations such as RITA and CCA? Do they threaten to apply late fees and garnished wages for taxes you’ve paid already? Are you confused, wondering how you can afford this on top of income tax? Local taxes collected by the city can be...Continue reading

best tax guy in BNI

2021 Last-Minute Year-End General Business Income Tax Deductions

As tax-reduction strategy specialists for the self-employed, at Ken-Mar Tax we specialize in working with local, Cleveland area, small business owners, contractors and solopreneurs. We know, at this time of year, your goal is to either eliminate, or at least reduce, the taxes you’ll owe – or better yet, get the IRS to owe you!...Continue reading

Cleveland IRS Tax Attorney Enrolled Agent

IRS 5-Year Improvement Plan; Enrolled Agents or Cleveland Tax Attorneys?

Enrolled Agents of IRS Cleveland Given Details of 5-Year Plan Recently the enrolled agents of Ken-Mar Tax have been notified of the large-scale effort of the Internal Revenue Service (IRS) to increase their workforce and update their technology in order to help enforce the implementation of new tax laws. A recent article in the Government...Continue reading

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