Zinner & Co. Blog and Newsroom

'Tis the Season for Tax Scams and Fraud

Posted by Zinner & Co. Tax Department on Feb 28, 2017 10:27:51 AM

Tax season is prime time for scammers and cyber criminals. Beyond identity theft, which is seemingly quite commonplace, tax scams have the dubious distinction of rising to the top of the Better Business Bureau's list of scams in 2016.

According to the Better Business Bureau Scam Tracker, the top ten list includes: 

  • Tax scams
  • Debt collections
  • Sweepstakes/prizes/gifts
  • Online purchase
  • Employment
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Topics: identity theft, scams, fraud, Howard Kass, Taxes - Individual, taxes, IRS

What to do if You Received a "Failure to File" Notice from the Ohio Department of Taxation

Posted by Howard J. Kass, CPA, AEP®, CGMA, Partner on Dec 9, 2016 9:08:14 AM

Did you receive an Ohio Individual Income Tax Failure to File notice (ITDQ0009) from the Ohio Department of Taxation (ODT) advising you that they did not receive an Ohio Individual Income tax return? 

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Topics: Howard Kass, Brett W. Neate, taxes, income tax, IRS

U.S. Indicts Dozens of IRS Phone Scammers

Posted by Howard J. Kass, CPA, AEP®, CGMA, Partner on Oct 29, 2016 8:41:00 AM

Federal, state and local authorities have indicted dozens of people and businesses in the U.S. and India accused of impersonating Internal Revenue Service employees demanding money from innocent taxpayers in the U.S.

Related: Follow our Fraud & Scam blogs

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Topics: scams, fraud, Howard Kass, taxes

Yes, a Do-Over Does Exist in Business! What you need to know about the Rescission Doctrine

Posted by Zinner & Co. Tax Department on Oct 24, 2016 10:51:04 PM

As a business owner, you're entering into transactions potentially on a daily basis. Suppose you enter into a transaction with someone, hurrying to get the deal closed as you're set to rake it in. It comes around to December, and your accountant is preparing a projection of what your tax liability will likely be for the year.


Then you get a call that you're going to owe a boat load of money to the government for that transaction you failed to consult with your accountant about beforehand. What do you do now?

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Topics: [email protected], taxes

Department of Labor's New Wage & Hour Rule Changes

Posted by Howard J. Kass, CPA, AEP®, CGMA, Partner on Sep 1, 2016 4:23:04 PM

Be proactive! On December 1, 2016, the minimum salary threshold for the FLSA's white-collar exemptions increases to an annual $47,476.

This more-than doubling of the salary test is the biggest change to the FLSA in decades, and will add an approximate 4.2 million employees to the ranks of the non-exempt, to whom you must pay overtime if they work more than 40 hours in a week.

As a result of this regulation, businesses will need to start tracking hours for exempt salaried employees who are at or below the $47,476 threshold.

If you have questions about this or other overtime rules and your business, contact any of our professionals at 216.831.0733 or [email protected] We're ready to start the conversation. 

 

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Topics: Howard Kass, Taxes - Corporate & Business, taxes

10 Tips for Filing an Amended Tax Return

Posted by Howard J. Kass, CPA, AEP®, CGMA, Partner on Jul 6, 2016 4:39:40 PM

You may discover you made a mistake on your tax return. You can file an amended return if you need to fix an error. You can also amend your tax return to claim a tax credit or deduction.

Here are 10 tips from the IRS on amending your return:

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Topics: Howard Kass, taxes

8 Tax Issues to Consider When Your Spouse Dies

Posted by Gary Sigman, CPA, M.Tax, PFS, AEP on Jun 24, 2016 12:00:00 PM

It goes without saying that the death of one's spouse is typically an extremely difficult emotional trauma.  When one loses a spouse, the last thing on the surviving spouse’s mind is the tax issues to be addressed.  

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Topics: tax, taxes, dead, filing, death, spouse

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