Blog & Newsroom

Gabe Adler Featured in Inside Business Magazine

Gabe Adler Featured in Inside Business Magazine

by | 13 Jan | ,

“SUCCESSION PLANNING REQUIRES THINKING ABOUT THE ENDGAME AND THE STRATEGIES NECESSARY FOR A WIN-WIN TRANSITION.” – Gabe Adler


Download the entire article as featured in the December, 2015 Hall of Fame issue of Inside Business Magazine. 

Gabe Adler, CPA, CGMA, Partner,  has 36 years of experience in the public accounting field with a concentration in accounting, auditing, succession planning, tax, and mergers and acquisitions. Gabe’s client base includes owners of family owned and small businesses, closely-held companies and professional service firms. Versatile among many industries, Gabe has also earned industry respect for his specialty service in the real estate industry, having counseled and advised countless real estate owners, managers, and developers to create their real estate tax strategies.

read more…
New Legislation Includes Tax-Free IRA Distributions

New Legislation Includes Tax-Free IRA Distributions

by | 13 Jan | ,

As anticipated, Congress has written new legislation extending certain tax provisions.  “Protecting Americans From Tax Hikes Act of 2015” is expected to be signed by President Obama within the next several days. 

One important provision has permanently extended the rule which allows tax-free IRA distributions (up to $100,000) to charitable organizations, and will be retroactive to January 1, 2015.  This rule allows owners of IRAs who are at least 70 1/2 years of age to direct up to $100,000 of their IRA distributions to charity.  medium

The funds that are given to charity are counted toward the IRA owner’s annual required minimum distribution, or RMD.  Since these funds are going directly to charity, the distribution is not included in one’s Adjusted Gross Income (A.G.I.), which helps in potentially reducing state income taxes, and may also allow certain other tax breaks to occur, due to a lower A.G.I. (i.e., medical expenses and miscellaneous itemized deductions).   

Legislation affecting tax law can be confusing. The Zinner tax department is up-to-date with the latest provisions affecting individuals and businesses and is ready to help ensure your financial strategy remains favorable, If you have any questions or concerns about taxes or your IRA, please contact me at gsigman@zinnerco.com or 216-831-0733. I’m ready to start the conversation and help you guide your retirement plan.

IRAs_Pension_Plan_and_Retirement__CTA

Eight Essential Facts about Claiming the First-Time Homebuyer Credit

by | 13 Jan |

If you purchased a home in 2010, you may be eligible to claim the First-Time Homebuyer Credit, whether you are a first-time homebuyer or a long-time resident purchasing a new home. The purchaser must have been at least 18 years old on the date of purchase; for a married couple, only one spouse must meet this age requirement. A dependent is not eligible to claim the credit.

read more…

Summer Day Camp Expenses May Qualify for a Tax Credit

by | 13 Jan |

Along with the lazy, hazy days of summer come some extra expenses, including summer day camp. But, the IRS has some good news for parents: those added expenses may help you qualify for a tax credit.

Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation.

Here are five facts the IRS wants you to know about a tax credit available for child care expenses. The Child and Dependent Care Credit is available for expenses incurred during the summer and throughout the rest of the year.

read more…

About Us

Zinner & Co. Partners With Logo
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.

Recent Blog Posts

Changes coming to 529 plans

January 17, 2024 at 10:11 AM

Individuals who have set up 529 plans need to be aware of recent changes to the plans. Created to fund educational expenses, 529 plans are tax-advantaged education savings plans. All contributions to a 529 account grow tax-free, and withdrawals are tax-free if the...

SECURE 2.0 Act of 2022 provides student debt relief plan

January 17, 2024 at 9:55 AM

While student loan forgiveness was a hotly debated topic throughout the past year, one piece of legislation was passed to help those with student loan debt get out from under it faster. Language in the SECURE 2.0 Act of 2022 has the ability to allow employers to...

New Treasury rule limits EV Tax Credits to 19 vehicles

January 16, 2024 at 3:09 PM

On Jan. 1, new rules targeting the origin of electric vehicle battery materials from countries considered hostile to the U.S. went into effect and limited the number of EVs eligible to receive U.S. tax credits. As part of the Inflation Reduction Act, the guidelines...

IRS ERC Voluntary Disclosure Program requires 80 percent payback

January 10, 2024 at 11:41 AM

In late December, the Internal Revenue Service launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing Employee Retention Credit (ERC) claims in error. According to the IRS website, the program runs...

Ohio Sales Tax Holiday begins Aug. 4

December 1, 2023 at 4:38 PM

Ohio’s annual sales tax holiday is right around the corner. This year’s weekend-long temporary tax break will begin Aug. 4 at midnight and end Aug. 6 at 11:59 p.m. Initially introduced in 2019 to provide relief for families preparing for the back-to-school season, the...

Have Nagging Financial Questions?

Ask The Expert

Send us your questions and we’ll share our insights with you on our blog!

Categories

Share Your Idea For 
A Zinner Blog Article

Submit Your Idea