Tax related identity theft is a growing problem in our country. Tax return identity theft occurs when someone uses a legitimate taxpayer’s personal information to fraudulently file a return and claim a refund.
read more…Affordable Care Act – Key Changes for 2014 & 2015 Tax Years
Large Employer Penalties (50 or more FTE’s):
read more…Did I Commit Perjury on My 2011 Federal Tax Return?
Posted by: Colleen Kaminsky, CPA
read more…Ohio Municipal Tax Reform
Posted by: Robert O’Neil
read more…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.
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
read more…
IRS Increases Mileage Rates for 2019
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. Effective January 1, 2019 the rates are as follows: $.58/mile for business use (up 3.5...
Use of Donor Advised Funds is on the Rise!
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… What...
6 Reasons Why Manufacturers Should Embrace ‘Lean’ Accounting
Most American manufacturers are embracing lean manufacturing philosophies to one degree or another. Some organizations do it to improve operationally while others are forced into it by their customers. From improved on-time deliveries to reduced costs, implementing...
Do I Have to Issue a 1099-Misc for a Trustee or Executor Fee Paid by a Trust or Estate?
Reporting trustee fees by a trust on a Form 1099-Misc is not required. The 1099-Misc is for payment of services performed in a trade or business by people not treated as employees. Trusts and estates are generally not treated as a “trade or...
The 1 Thing You Should do RIGHT NOW to Improve Your Non-Profit’s Event Sponsorships in 2019
One of the most difficult aspects of managing a Non-Profit is putting on successful fundraising events. Most fundraisers take months to plan and trying to get sponsors is always a last-minute scramble. One best practice a lot of organizations follow is...
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