The IRS issued temporary and proposed regulations providing guidance on the requirements for electing portability of a deceased spouse’s unused exclusion (DSUE) and the surviving spouse’s use of the DSUE amount.
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Posts By: Zinner & Co.
E-mail Scam – Beware of Notices of Inheritance Via E-mail
You’ve received an e-mail from a foreign lawyer telling you that a long-lost relative has died and that you are the only heir. You are entitled to millions from the deceased’s estate. Can this be possible?
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4 Ways to Say I Love You After You Pass
ABLE Accounts Are Now Going To Be Allowed For Disabled Individuals
Posted by: Gary M. Sigman, CPA, MTax, AEP®
read more…Withdrawing from a 529 savings plan doesn’t always have to cost you…
Posted by: Carly Ahsher
read more…Staying on Top of your Retirement Plan Document Schedule
The Supreme Court’s recent decision in the case Cigna v. Amara sent a very important message to all plan sponsors/employers regarding the importance of maintaining their retirement plan documents including the required summary plan descriptions and summary of material modifications (as applicable).
read more…Employers Need To Make Sure Their Plan Documents Are Up To Date.
The Supreme Court’s recent decision in the case Cigna v. Amara sent a very important message to all plan sponsors/employers regarding the importance of maintaining their retirement plan documents, including the required summary plan descriptions and summary of material modifications (as applicable).
read more…Retirement Plan Contributions for the Self Employed
A self-employed individual’s compensation for retirement plan purposes is based on his or her earned income. In brief, earned income is net earnings from self-employment (NESE) and can be derived from a sole proprietorship, single member LLC or an entity taxed as a partnership in which the individual’s services are a material income producing factor). A plan then deducts from NESE (1) the IRC §404 deduction for retirement plan contributions for the proprietor, member or partner, and (2) one-half of the self-employment taxes (SE Tax) the individual pays. This process is designed to put unincorporated businesses on an even footing with corporations. Corporations are permitted to deduct the company’s share of social security tax (FICA), which is one-half of the total FICA paid.
read more…When Should YOU Begin Taking Social Security Benefits?
Posted by: Colleen Kaminsky, CPA
read more…Individual 401(k) Plan
Since 1938, Zinner has counseled individuals and businesses from start-up to succession. At Zinner, we strive to ensure we understand your business and recognize threats that could impact your financial situation.
Two Zinner & Co. partners, Gabe Adler and Howard Kass, retire
On July 24, Zinner & Co. honored Gabe Adler, CPA, CGMA, Partner and Howard Kass, CPA, CGMA, AEP, Partner, for their nearly 90 combined years of public accounting experience with a retirement party at Acacia Clubhouse in Lyndhurst. Both Adler and Kass graduated...
Zinner & Co.’s 80th Anniversary
Zinner & Co. is pleased to share that we will celebrate our 80th anniversary this month. Founded in 1938 by Harry Zinner, as a solo practitioner providing bookkeeping services, Zinner & Co. has grown into a full service accounting and management consulting...
Zinner & Co. Sponsors the Epilepsy Association Gala
Zinner & Co. was pleased to sponsor the 27th Annual Epilepsy Association Gala on Friday, November 9, 2018. This year’s event was held at The Westin Cleveland Downtown and featured a night of entertainment that benefited the Epilepsy Association and the important...
Zinner & Co. Sponsors the Magic of Lights
Zinner & Co. is pleased to continue its support and sponsorship of the Magic of LightsTM, being held at the Cuyahoga County Fairgrounds in Berea, Ohio now through December 31st. Magic of LightsTM has become a yearly tradition for many Northeast Ohio families....
Zinner Sponsors the Cleveland Play House’s 2018 Festival of Trees
Zinner & Co. is pleased to sponsor and support our long-time client, The Cleveland Play House, and their 2018 Festival of Trees. This year’s event marks the 19th consecutive year that The Cleveland Play House has hosted its Festival of Trees. The...
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