Posted by: Robert O’Neil
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GOP Questions Nonprofit Tax Status
Senior citizen membership organization AARP recently came under fire by GOP lawmakers questioning the non-profitability of the group’s control over, and approval of, products sold by private firms while personally bypassing millions in tax levies.
read more…Zinner & Co. partner Howard Kass talks about textbook tax credits for students on TV News Channel 5.
Zinner & Co. partner Howard Kass talks about textbook tax credits for students
Foreign Bank and Financial Accounts: What You Need to Know
Posted by: Michael Hermes, Tax Senior
read more…When Are Severance Payments Subject to FICA?
Posted by: Barbara Theofilos, CPA
read more…Make the Most out of Selling your Home
Posted by: Robert O’Neil, CPA
read more…The Tax Implications of Divorce
Posted by: Gary M. Sigman, CPA, MTax, PFS
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What to Consider When You Inherit an IRA from your Spouse
By Zinner & Co.
Tax Services Department
Updated Business Travel Expense Rates Take Effect October 1
With so many Americans conducting business outside their office, the recent IRS announcement of the 2015-2016 business travel expense rates will certainly impact many. In 2011 alone, American businesspeople took a total of 445 million trips for work-related matters, (source: NYTimes.com 05/03/12) and that figure grows steadily each year.
Zinner & Co. Named OSCPA Platinum Partner
Zinner & Co. Named Exclusive Partner in Northeastern Ohio; Only One of Five Firms in the State
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.
IRS increases 2024 contribution limits for 401(k) and IRAs
On Wednesday, the Internal Revenue Service announced it will increase the amount individuals can contribute to their 401(k) plans in 2024. In the upcoming year, the individual contribution level will rise to $23,000, from $22,500 in 2023. Furthermore, the IRS released...
IRS places a moratorium on Employee Retention Credit claims
DOJ to pursue fraud from aggressive marketing while IRS will add safeguards to prevent future abuse and protect businesses from predatory tactics On Sept. 14, the Internal Revenue Service announced an immediate moratorium through at least the end of the year on...
Hurricane Ian Casualty Loss
Many of our clients who live in the Southwest Florida region, as well as North and South Carolina, were affected by Hurricane Ian. On Oct. 5, 2022, the IRS published IR-2022-173, which allows hurricane victims in those states an extension of time to file their 2021...
Sale of Home and Capital Gains Tax
Are you thinking about selling your home but worried about the additional tax it could generate? It is possible that you could be one of the many who can sell your home while avoiding the capital gains tax. According to Internal Revenue Code §121, income shall not...
Protect yourself and your business with cyber insurance
With the increased use of digital devices, the number of cyberattacks has steadily risen. Cybercriminals are always devising new ways to gain access to private information such as social security numbers, bank account details, and credit card numbers. For this reason,...
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