While many entrepreneurs find satisfaction in owning their business and others simply love their jobs, most do not necessarily want to work for the rest of their lives. 
If you are such an entrepreneur, you are not alone. Many look forward to the idea of never having to work again, yet, the concern about whether there will be enough income to survive can’t be overlooked. This leads to the all-important question: How much does one need to save for retirement?
So you’ve finally had enough of the hype and are determined to score a pair of tickets to see “Hamilton” for Lin-Manuel Miranda’s final performance as the lead. Tickets selling through ticket brokering sites are going for outrageous prices, and you’re a bit short on cash. Should you embark on a personal revolution and loot your retirement accounts to go?
In a recent article, we addressed the exceptions to the early withdrawal penalty on IRA distributions taken prior to an individual reaching age 59 1/2. In such a case, the IRA distribution would still be subject to federal income tax and, potentially, state income tax, and would result in permanently removing those assets from the IRA, having a negative impact on the availability of future retirement income. 
So, if you need a quick cash infusion and do not want to suffer the income tax ramification of an IRA distribution, what can you do? One option would be to take a loan from your retirement account. While an advisor may not typically recommend that an account owner borrow from their retirement account, a loan from one’s retirement can have both benefits and costs, as discussed below:
The Last Chance to Take Advantage of “File and Suspend” is Fast Approaching!
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With school just a few weeks away, many parents are in the thick of back-to-school shopping. The thought of spending countless hours in the stores and comparing sale prices online to save on pencils, paper, book bags and school clothes can be daunting.
Fortunately, the State of Ohio has renewed legislation allowing for a second sales tax holiday, August 5 – 7, 2016. This sales tax holiday only applies to certain types of goods purchased from 12:01 am August 5th through 11:59 pm August 7th. 
So through some miracle, you ended up with enough healthy players at the end of your season to triumph in your fantasy football championship. Although you may still be riding that high, like yours truly, it’s good to know how this may or may not affect your tax return for this year. With fantasy football becoming ever more popular year after year, it’s becoming a larger target to the IRS.
Do you have a question about your income taxes or other financial concerns? We are ready to start the conversation. Contact us at info@zinnerco.com or call 216.831.0733 for a no-cost, no-obligation consultation. 
Aggressive and threatening phone calls by criminals impersonating IRS agents remain a major threat to taxpayers, but now the IRS is receiving new reports of scammers calling under the guise of verifying tax return information over the phone.
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Each year, many people get a larger refund than they expect. Some find they owe a lot more tax than they thought they would. If this has happened to you, review your situation to prevent a tax surprise. Did you marry? Have a child? Change in income? Life events can have a major impact on your taxes. Bring the taxes you pay closer to the amount you owe. Here are some tips to help you come up with a plan:
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Tax season can be stressful, but it becomes even more challenging when scammers try to take advantage of unsuspecting people. Each year, tax-related scams cost individuals thousands of dollars, and no one wants to become a victim. With the rise of phishing attempts,...
Snyder and Hilditch also promoted Zinner & Co. is proud to announce that Laura Haines, CPA, has been named a partner. Prior to her promotion, she was the firm’s Accounting Tax Services Senior Manager. “I am excited for this opportunity,” said Haines. “It will be...
The holidays are a time for fun, gifts, and being with your family, as many people shop online, chat with friends, and share their holiday moments. While the internet can be a great place for all this, it is important to stay safe, especially during the holiday...
Many Ohioans have faced obstacles to home ownership due to rising prices and high mortgage rates. As such, the Ohio Homebuyer Plus Program is designed to assist Ohioans on their homebuying journey. Ohio is the only state to have such a program, it creates specialized...
On Dec. 23, the U.S. Court of Appeals, Fifth Circuit granted a temporary stay of the nationwide injunction which we previously communicated with you about related to the Corporate Transparency Act (CTA). This stay has reinstated the enforcement of the CTA, and...
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