Zinner & Co. Blog and Newsroom

Lessons from this Tax Season

Posted by Zinner & Co. Tax Team on Apr 30, 2019 7:22:52 AM

Well…it’s over.  This year’s individual tax return filing deadline has come and gone.  As the dust settles and we take stock of this year’s tax season, a few trends have appeared.

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Topics: deductions, taxes, income tax, IRS, Tax Cuts and Jobs Act of 2017

IRS Offers Relief for Underpayment and Under-Withholding Penalties for More Taxpayers

Posted by Zinner & Co. Tax Team on Apr 1, 2019 6:43:45 AM

On Friday, March 22, 2019, the Treasury and IRS announced they have lowered the withholding underpayment penalty threshold to 80%. This means that taxpayers who were 80% or less under-withheld on their income tax withholding or quarterly tax payments may qualify for relief.

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Topics: tax services, taxes, income tax, IRS, Tax Cuts and Jobs Act of 2017

Ask the Expert: Tax Myths BUSTED!

Posted by Zinner & Co. Tax Team on Mar 26, 2019 6:45:00 AM
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Topics: tax services, income tax, IRS

Ask the Expert: Should I Take the Educational Tax Breaks or My Child?

Posted by Zinner & Co. Tax Team on Mar 22, 2019 6:12:00 AM

Should I Take the Educational Tax Breaks or My Child?

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Topics: education, tax services, deductions, income tax

5 Reasons You Shouldn’t Do Your Own Taxes This Year

Posted by Zinner & Co. Tax Team on Mar 19, 2019 8:16:00 AM

Every year, a group of adventurous souls decides: This is the year I’m going to prepare my own tax return! While we certainly applaud an individual’s right to establish self-reliance and try to save money on preparation fees, it’s rarely a good idea.

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Topics: tax services, deductions, income tax, IRS

Ask the Expert: Should I Take the Educational Tax Breaks or My Child?

Posted by Zinner & Co. Tax Team on Mar 13, 2019 7:52:02 AM

Who should take the educational tax breaks, me or my child?

That’s a great question! The answer is: It depends.

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Topics: education, deductions, income tax

Ask the Expert: Are 2018 Income Taxes Easier to Prepare Under the Tax Cuts and Jobs Act?

Posted by Richard Huszai, CPA on Mar 7, 2019 7:22:00 AM

Are 2018 Income Taxes Easier to Prepare Under the Tax Cuts and Jobs Act?

Like any good consultant, my answer is: It depends.

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Topics: income tax, Ask the Expert, Tax Cuts and Jobs Act of 2017

4 Things You Should and Should NOT Do If You’ve Received an Audit Notice from the IRS

Posted by Zinner & Co. Tax Team on Mar 5, 2019 7:38:00 AM

You check your mail and you see the return address, IRS. Your first thought? Well, that can’t be good. You open up the letter and you read that you’re being audited. Look on the bright side – less than 1% of returns get audited each year, you’re just one of the lucky ones! All jocularity aside, there’s nothing to panic about.

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Topics: audits, income tax, IRS

If You Owe, You Won’t be Allowed to Go

Posted by Zinner & Co. Tax Team on Mar 4, 2019 12:05:00 PM

The IRS recently issued a warning to taxpayers who are seriously delinquent on their tax debt - you may be unable to attain a new passport or renew your existing one.

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Topics: income tax, IRS

IRS Issues Safe Harbor for First Year Depreciation of Passenger Cars

Posted by Zinner & Co. Tax Team on Feb 18, 2019 8:16:19 AM

The Treasury Department and the IRS have issued guidance that provides a safe harbor for calculating depreciation deductions from passenger vehicles that qualify for the 100% additional first year depreciation deduction.

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Topics: Taxes - Corporate & Business, income tax, Tax Cuts and Jobs Act of 2017

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