Posted by: DeAnna Alger, CPA
read more…
When Does Once a Year Really Mean Once a Year?
Posted by: Howard J. Kass, CPA, AEP®
read more…Taxable versus Tax-exempt Investments
Posted by: Michael Hermes, Tax Senior
read more…In Case You Missed It: IRS Stops Automatically Issuing Closing Letter for Form 706 Filings
The IRS updated its frequently asked questions on June 16, indicating that taxpayers will no longer automatically receive closing letters after filing Form 706. Taxpayers will have to request closing letters if they filed after June 1. Those who filed before June 1 will still get an automatic closing letter. WealthManagement.com (U.S.) (6/25)
Less Money in Your Pocket? Learn How the Expired Federal Tax Provisions Could Affect You
As we head into the last quarter of 2015, it’s time to take a look at what is happening on the federal level that may impact the deductions and credits for you or your business.
Below is a list of some of the most significant tax provisions affecting individuals and businesses that expired on 12/31/14. It is quite possible that Congress will extend some, or all, of these through the end of 2015. However, as of the current date this has not yet been done. We may not know conclusively about the fate of these provisions until much later in the year.
No Business Deduction for Legal Medical Marijuana Dispensary
With each passing year, additional states are considering legalizing the sale of marijuana for medical and/or recreational purposes. Ohio is among those states considering legalization, with the issue up for vote on the upcoming November ballot. 
While state law is becoming more and more accepting of the idea, the act is still prohibited under federal law. As one can imagine, this can create some interesting tax issues.
Related read: How to Deduct Expenses Related to Personal Property
New Ohio Small Business Investor Income Deduction
Posted by: Gary M. Sigman, CPA, MTax, PFS, AEP®
(from January 20, 2014)
Reconsidering the Medical Expense Deduction
Posted by: DeAnna Alger, CPA
read more…Can you Deduct that Alimony?
Posted by: Gary M. Sigman, CPA, MTax, PFS, AEP®
read more…Congress Finally Passes “Tax Extender” Legislation
Posted by: Gary M. Sigman, CPA, MTax, PFS, AEP®
read more…
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.
Are my sales tax payments on major purchases still tax deductible?
For many individuals, September means it is time to look for a new car since the upcoming year’s automobile models are introduced. For anyone who is considering purchasing a new car for personal use, there may be a federal income tax benefit available for your new...
IRS Announces it Will Waive Tax Penalties for Under-Withholding and Underpayment for Some
The IRS announced this week in IRS Notice 2019-11 that it would not penalize taxpayers whose tax withholding and estimated tax payments fell short last year due to failing to change their withholding under the Tax Cuts and Jobs Act (TCJA). The IRS stated they...
The Rules Have Changed for Attending the Game (and Other Entertainment Events)
The recent enactment of the Tax Cuts and Jobs Act (TCJA) brought many changes to how individuals and businesses are affected by our tax system. Among the deductions affected was the deduction for meals and entertainment incurred in the course of operating...
States Fail to Overturn SALT Deduction Caps
In a blow to several high-tax states, a federal judge has upheld a key provision of the Tax Cuts and Jobs Act (TCJA), the State and Local Tax (SALT) deduction cap. Under the TCJA, congress placed a cap on the amount taxpayers could claim on their Schedule A for...
8 Tax Issues to Consider When Your Spouse Dies
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. Nonetheless, the passing of one’s spouse...
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