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Blog & Newsroom

Zinner & Co. Managing Partner Robin Baum, CPA, will present at the 49th Annual Charitable Tax Seminar, organized by the Jewish Federation of Cleveland's Professional Advisory Council.

Issue highlights another reason to file and make remittance payments electronically

The Internal Revenue Service admitted it destroyed roughly 30 million unprocessed informational returns from the 2020 tax year.

The IRS announced on its website that it has suspended the mailing of automated collection notices, including balance due notices and unfiled tax return notices normally issued when a taxpayer owes additional tax, and the IRS has no record of a taxpayer filing a tax return.

CPAs and taxpayers urged to contact elected officials and push for passage of H.R. 5155

Based on multiple media reports, the U.S. Treasury and IRS are preparing for the worst this filing season.

According to a Jan. 10 Washington Post article, the Treasury warned of enormous challenges this tax filing season that will likely delay refunds.

Treasury Department officials told reporters they predict a “frustrating season” for taxpayers and tax preparers due to delays caused by the pandemic, years of budget cuts to the IRS, and federal stimulus measures that have added to the tax agency’s workload.

A page on the IRS website reminds taxpayers to take the steps now to make the tax filling process easier in 2022.

After more than a year of work, the Ohio General Assembly finally passed legislation to legalize sports gambling in Ohio, which now awaits the signature of Gov. Mike DeWine.

Zinner & Co. is pleased to continue its support and sponsorship of the Magic of LightsTM, being held at the Cuyahoga County Fairgrounds in Berea, from Nov. 24 through Jan. 2, between the hours of 5:30 and 10 p.m.

A longtime member of the Zinner & Co. family will retire at the end of the year.

Patti Puterbaugh joined Zinner & Co. LLP in Oct. 2000 as the File Room Clerk. Since then, she has made a lasting impact on the firm.

Often taxpayers will provide their tax preparer with most of their pertinent information needed to file tax returns. However, they sometimes forget to pass along notices from a tax authority, which could impact returns.

For instance, when the Ohio Department of Taxation identifies a perceived calculation error in an individual tax return, they issue a variance notice to the taxpayer. This notice compares the figures on the return as filed to the department's recalculated figures and allows for the taxpayer to disagree with some or all of the adjustments by providing additional documentation.

As we approach the end of 2021, it is important to take a closer look at your tax and financial plans. This year likely brought challenges and disruptions that significantly impacted your personal and financial situation including the continued global pandemic, remote and new hybrid work models, supply chain disruptions and rising inflation.

Now is the time to take a closer look at your current tax strategies to make sure they are still meaningful in today’s world and to take any last-minute steps that could save you tax dollars. While looming tax law changes have not been finalized, many tax planning opportunities still exist! Here are some issues to consider as we approach year-end.