October Tax Tips
Why you should contribute more to your 401(k) in 2015 Contributing to a traditional employer-sponsored defined contribution plan, such as a 401(k), 403(b) or 457 plan, offers many benefits: Contributions…
2015 Summer State Tax Update
State Tax Update That Impact Ohioans It’s been a busy month of tax policy changes for our friends in Columbus. Let’s take a look at some of those policy changes…
Tax Issues and Inherited IRAs
Special tax rules for inherited IRAs Normally, retirement plan distributions made to a nonspouse beneficiary after the account owner’s death are taxable at the time they are received and cannot be…
July Tax Tips
100% Tax Deduction for Certain M&E Expenses! What can I take as a tax deduction for meals and entertainment? Generally, businesses are limited to deducting 50% of allowable meal and…
Tax Refund Fraud is Running Rampant
Someone took my tax refund! According to a January 2015 Government Accounting Office (GAO) report, the IRS estimated it prevented $24.2 billion in fraudulent identity theft tax refunds occurring during…
June Tax Tips: ESAs and Vehicle Donations
Expect to be paying elementary or secondary school costs in the future? Consider an ESA As the school year draws to a close, it’s a good time to think about…
Short Term Rental of Your Home
Does renting your home make sense for you? We are all aware that Cleveland has become a popular destination of late. Major motion pictures are being filmed here, we recently had…
Ciuni & Panichi, Inc. May Tax Tips
Now’s the time to begin your 2015 tax planning Whether you filed your 2014 income tax return by the April 15 deadline or filed for an extension, you may think…
April Tax Tips
Make sure you have proper tax substantiation for your 2014 donations. If you don’t meet IRS tax substantiation requirements, your charitable deductions could be denied. To comply, generally you must…
Eight Tax Tips for Deducting Charitable Contributions
If you are looking for a tax deduction, giving to charity can be a “win-win” situation. It’s good for them and good for you. Here are eight things you should…