As of now, the deadline for filing 2010 Form 706 is September 17, 2011. The due date for filing Form 8939, as mentioned above, is November 15, 2011. Both the 706 and 8939 have only been issued in draft form.
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Final 2010 Form 706 Available!
With just days left before the Sept 19, 2011 filing deadline for 2010 Federal Estate returns, the IRS posted the final Form 706 and Instructions on their website on 9/8/2011.
read more…Form 8939 Basis Allocation
Still awaiting Final Form 8939 – Allocation of Increase in Basis for Property Acquired From a Decedent. Previously, the AICPA had requested that the IRS and Treasury provide a blanket extension until 90 days after the forms and instruction are finalized. No final word received yet.
read more…Impact on 2010 Individual, Estate or Trust Returns
2010 Individuals, estate or trusts, who inherited property and sold it during 2010 have to file their returns by October 15, 2011.
read more…The Celiac Tax Deduction; Some Clarity from the IRS
Posted by Howard Kass, CPA
read more…Determining Ohio Residency
Posted by: Colleen Kaminsky, CPA
read more…2012 Annual Exclusion Gifts
The annual exclusion gift amount will be $13,000 (there is no inflation adjustment for the 2012 amount).
read more…Individuals to Benefit from Ohio General Tax Amnesty
By Brett W. Neate, CPA, MT
read more…IRS Interest Rates to Remain the Same for the First Quarter of 2012
Posted by Howard Kass, CPA
read more…Protect Your Business From Employment Related Penalties
Posted by: Hope Placek
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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 Warns of New Phone Scam Involving Bogus Certified Letters; Reminds People to Remain Vigilant Against Scams, Schemes this Summer
WASHINGTON – The Internal Revenue Service again warned people to beware of a new scam linked to the Electronic Federal Tax Payment System (EFTPS), where fraudsters call to demand an immediate tax payment through a prepaid debit card. This scam is being reported across...
Today is the Day the New I-9 Form Must be Put to Use by Employers
The I-9 Form updated 7/17/17 must be used for all new hires starting today, 9/18/17. The form can be found on the U.S. Citizenship and Immigration Services' (USCIS) website at https://www.uscis.gov/sites/default/files/files/form/i-9.pdf. Related read: What...
Need More Time to Pay Your Taxes?
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...
IRS Offers Last-Minute Filing Tips
From IRS.gov IR-2017-80, April 12, 2017 ...
Hurricane Tax Provisions Included in Bill Passage
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. "This is truly significant relief. The ability to take advantage of a casualty loss...
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