The previously issued proposed regulations issued in July 2007 regarding trust investment advice costs have been withdrawn and new proposed regulations have been issued.
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Ohio Legislation Update
Ohio S.B. 117 signed by Governor Kasich will take effect in March 2012. One of the more interesting changes made by this bill is in regards to trustee duties with respect to life insurance as a trust asset.
read more…Beneficiary Check-up…It’s Just what your Accountant Prescribed
By Barb Theofilos, CPA
read more…Considering the Post-2010 Estate Tax Portability Election?
The IRS issued temporary and proposed regulations providing guidance on the requirements for electing portability of a deceased spouse’s unused exclusion (DSUE) and the surviving spouse’s use of the DSUE amount.
read more…E-mail Scam – Beware of Notices of Inheritance Via E-mail
You’ve received an e-mail from a foreign lawyer telling you that a long-lost relative has died and that you are the only heir. You are entitled to millions from the deceased’s estate. Can this be possible?
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4 Ways to Say I Love You After You Pass
ABLE Accounts Are Now Going To Be Allowed For Disabled Individuals
Posted by: Gary M. Sigman, CPA, MTax, AEP®
read more…Withdrawing from a 529 savings plan doesn’t always have to cost you…
Posted by: Carly Ahsher
read more…Staying on Top of your Retirement Plan Document Schedule
The Supreme Court’s recent decision in the case Cigna v. Amara sent a very important message to all plan sponsors/employers regarding the importance of maintaining their retirement plan documents including the required summary plan descriptions and summary of material modifications (as applicable).
read more…Employers Need To Make Sure Their Plan Documents Are Up To Date.
The Supreme Court’s recent decision in the case Cigna v. Amara sent a very important message to all plan sponsors/employers regarding the importance of maintaining their retirement plan documents, including the required summary plan descriptions and summary of material modifications (as applicable).
read more…
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.
Relief for taxpayers affected by reduction of maximum deductible health savings account contributions
Taxpayers who have healthcare coverage under a High Deductible Health Plan (HDHP) may qualify for tax relief from the Internal Revenue Service. HDHPs, health insurance plans with lower premiums and higher deductibles than a traditional health plan, are a requirement...
No Good Deed Goes Unpunished
One Effect of the Recent Tax Reform on Not-for-Profit Organizations By Howard J. Kass, CPA, CGMA, AEP® As often as employers are maligned, there are times where they try to do the right thing for their employees. To be fair, many times, an employer may take an...
Updated Withholding Calculator, Form W-4 Released; Calculator Helps Taxpayers Review Withholding Following New Tax Law
WASHINGTON –The Internal Revenue Service recently released (2/28/18 irs.gov) an updated Withholding Calculator on IRS.gov and a new version of Form W-4 to help taxpayers check their 2018 tax withholding following passage of the Tax Cuts and Jobs Act in...
Working in the Gig Economy: What you need to know about potential tax consequences
If you use one of the many online platforms available to rent a spare bedroom, provide car rides, or to connect and provide a number of other goods or services, you’re involved in what is sometimes called the sharing or gig economy. An emerging area of activity in the...
Scam Alert: Fraudsters Posing as Taxpayer Advocacy Panel
Some taxpayers receive emails that appear to be from the Taxpayer Advocacy Panel (TAP) about a tax refund. These emails are a phishing scam, trying to trick victims into providing personal and financial information. Do not respond or click any link. If you...
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