IRS audits of higher income taxpayers increase The IRS audited one in eight individuals with incomes over $1
million in fiscal year (FY) 2011. While the overall audit coverage
rate for individuals remained steady at just over one percent, the
a...
Tax gap grows to $450 billion; compliance rate holds steady The "gross tax gap," or the amount of tax owed to the U.S.
government that is not paid on time, climbed from $345 billion in
Tax Year (TY) 2001 to $450 billion in TY 2006, the IRS has
reported. (Be...
OH - InvestOhio program registration period begins The Ohio Department of Development reminds taxpayers that
registration for the InvestOhio program, which provides for a
personal income tax credit for eligible investors, begins No...
The Hanna Building, Suite 11041422 Euclid AvenueCleveland, Ohio 44115 216-781-4300ALERT!
Congress has extended the reduction in Social Security withholding. The withholding rate from employees’ wages will remain at 4.2% through at December 31, 2012.
Watch here for further updates.
Welcome to the Baumgarten & Company website!
Today, more than ever, you need advisors who go beyond the basics. The team at Baumgarten & Company take pride in the work we do for our clients to develop strong business strategies and explore creative ideas that will provide long-term benefits for your financial future. We strive to minimize your current and future tax liabilities, as well as taking you through the necessary steps to help you grow your business and personal net worth. We encourage regular interaction between our team members and our most important asset - our clients!
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