From the IRS newsroom:
All taxpayers should file on time, even if they can’t pay what they owe. This saves them from potentially paying a failure to file penalty. Taxes are due by the original due date of the return.
Here are four tips for those who can’t pay their taxes in full by the April 18 due date:
IR-2017-80, April 12, 2017
WASHINGTON — With the April 18 deadline fast approaching, the Internal Revenue Service today offered taxpayers still working on their 2016 taxes a number of tips.
The IRS encourages taxpayers to file electronically. Doing so, whether through e-file or IRS Free File, vastly reduces tax return errors, as the tax software does the calculations, flags common errors and prompts taxpayers for missing information. And best of all, there is a free option for everyone. Whether filing electronically or on paper, be sure to keep a copy of your tax return.
In addition, the IRS offers these last-minute tips:
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Disaster Tax Relief and Airport and Airway Extension Act of 2017 expands the application of disaster-related tax relief to the hard-hit US Virgin Islands and Puerto Rico.
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Every Halloween, children knock on doors pretending they are everything from superheroes to movie stars. Scammers, on the other hand, don’t leave their impersonations to one day. They can happen any time of the year. People can avoid taking the bait and falling victim to a scam by knowing how and when the IRS does contact a taxpayer in person. read more… |
Even though reports of tax-related identity theft have declined markedly in recent years, the Internal Revenue Service warns that this practice is still widespread and remains serious enough to earn a spot on the agency’s annual “Dirty Dozen” list of tax scams.
Tax-related identity theft occurs when someone uses a stolen Social Security number or Individual Taxpayer Identification Number (ITIN) to file a fraudulent tax return claiming a refund. read more…
The IRS announced today that it was going to end the Offshore Voluntary Disclosure Program (OVDP) by September 28, 2018. The Service is giving taxpayers just over six months’ notice of the program closure to allow any taxpayers who wish to do so the opportunity to take advantage of the program before then.
The current program has been in place since 2014 and is, actually, a modified version of the one that was originally launched in 2012. The programs have afforded taxpayers to voluntarily resolve past non-compliance issues related to unreported foreign financial assets, as well as failures to file foreign information returns. read more…
Zinner & Co. is a proud title sponsor of the Cleveland Play House production of “The 25th Annual Putnam County Spelling Bee,” which runs now through May 6 at the Allen Theater.
Sponsoring this Tony Award-winning musical, is just one of the many ways Zinner & Co. gives back to the community and helps advance the strong performing arts culture found within Northeast Ohio.
A touching and cheeky coming-of-age comedy with a vivacious, improvised spelling bee, this production is a treat for all ages, as “Spelling Bee” focuses on six middle-school students, who take part in a cutthroat, high-stakes competition to prove they have what it takes to be worthy of a shot at “Nationals.”
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The IRS has announced the 2019 standard mileage rates used for calculating deductible costs for operating an automobile for business, charitable, medical or moving purposes.
Donor advised funds appear to be gaining in popularity and use. Part of the reason for this is due to changes in the tax code brought about by the 2017 Tax Cut and Jobs Act (TCJA.) The TCJA has made significant changes to the deductibility of charitable gifts…
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Zinner & Co. is pleased to continue its support and sponsorship of the Magic of LightsTM, being held at the Cuyahoga County Fairgrounds in Berea, Ohio from November 27, 2019 through January 4, 2020. Magic of LightsTM has become a yearly tradition for many...
Governor Mike DeWine has signed a bill into law that will allow Attorneys and Lobbyists to take the Business Income Deduction (BID) deduction.The law was backed by the Ohio Society of CPAs, and was viewed as a fix to a part of the biennial budget that was thought to...
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