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Category: Tax Law

Nontaxable Divisive Reorganizations Can Protect Shareholders from Tax Burdens

October 4, 2022

It’s common for a corporation of any size to split, but taxable reorganizations can create an unnecessary tax burden on all parties involved. Wood + Lamping attorney Howard Richshafer outlines divisive reorganization structures which can protect corporations and shareholders from tax liability.

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Insights Tax Law

Understanding the New Electric Vehicle Tax Credits

August 25, 2022

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Insights Tax Law

Tax Changes Related to the Inflation Reduction Act of 2022

August 24, 2022

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Insights Tax Law

Recent Developments in Cryptocurrency Tax Fraud

August 18, 2022

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Insights Tax Law

President Biden Signs “CHIPS” Act into Law

August 12, 2022

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Insights Tax Law

Deductibility of Business Meals

January 5, 2021

The recent 2020 stimulus legislation enacted by Congress was signed into law by President Trump in Dec. 2020. Among other things, it changed a provision relating to the deductibility of business meals. Under this change, business meals provided by restaurants…

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Business Law News Tax Law

Individual Taxpayer Stimulus Relief per CARES Act

March 28, 2020

On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). Here are the individual non-business tax relief provisions: IRS to provide financial aid to individuals Credit allowed for…

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Business Law News Tax Law

New IRS Collection Policies Effective April 1, 2020 Through July 15, 2020

March 26, 2020

On March 25, 2020, IRS announced new sweeping collection and audit policies due to Coronavirus challenges. IRS calls the policies the “People First Initiative.” They will offer immediate relief to help people facing uncertainty over taxes. They include postponing certain…

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Business Law News Tax Law

IRS Actions Taken Regarding COVID-19

March 25, 2020

Right now, our highest priority is the health of those you love and yourself. Here is a summary of IRS action already taken and federal tax legislation already enacted to ease tax compliance burdens and economic pain caused by COVID-19…

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Business Law News Tax Law

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Wood + Lamping LLP (W+L) is a full-service law firm located in Cincinnati, Ohio. For over 90 years, W+L has provided high-quality, cost-effective, and efficient legal services to clients including businesses, nonprofit organizations, municipalities and government agencies, and individuals.

Our attorneys serve clients in Ohio, Indiana, Kentucky, and Michigan.