New Energy-saving Home Improvement credits Now may be the time to replace those windows in your house. Thanks to the recently enacted energy-efficient improvement credit, a taxpayer may claim a lifetime credit of up to $500 for making qualify ...More... Kiddie Tax If you were thinking of transferring cash or other income producing assets to your children, the IRS has raised the age of who will be subject to the infamous “Kiddie Tax”. Starting in 2006, a child t ...More... Phase Out of Hybrid Vehicle Credit Looming? As you may be aware, there is a Federal tax credit available for purchases of hybrid vehicles. The credit varies depending on model. Once a manufacturer has sold 60,000 vehicles, the credit starts t ...More... Domestic International Sales Corporation The Domestic International Sales Corporation was formed in 1971 as a mechanism to stimulate U.S. exports. The IC-DISC allows a U.S. exporter to avoid U.S. tax on a portion of export profits by alloca ...More... Seated: Patti Wilson, Cindy Crouso, Gail Borkowski, Debbie Mihalik Standing: Kim Longar, Pete Bolbach, Neil Tramer, Jeff Barber, Jeff Stephens, David Zwick Tramer & Zwick Certified Public Accountants  |  23775 Commerce Park Road  |  Beachwood, Ohio 44122  |  P: 216.765.8110  |  F: 216.765.8166