Detroit Business Law – Resources for Metro-Detroit Businesses
Resources for Metro-Detroit Businesses
Taxmageddon is about to befall us all. Not only are the favorable rates implemented by the Bush Administration about to expire 1/1/13 but there are new Medicare and investment taxes …
New Medicare and investment taxes for high-income taxpayers Read MoreI recently read a good article on LLC Basics written by Nellie Akalp. In reading the article I was quickly reminded of mistakes that I generally see when people are …
Common LLC Mistakes Read MoreThe city of Stockton California recently tried a unique approach to avoid declaring bankruptcy. The city decided if they stop paying certain bills, they would have more money to pay …
Who Says You Can’t Fight City Hall? Read MoreOdds are that at some point in your business career you will be contacted by the IRS via mail or in person. The article attached entitled “10 things to know …
Contact by the IRS Read MoreThe IRS has just recently released its list of the 2011 top tax scams. Several of these make the list every year despite numerous IRS court victories and enforcement actions. …
2012 Dirty Dozen Tax Scams Read MoreThis time of the year in particular I am reminded of the Burger King commercial that asked the simple question “Where’s the beef?” This is so because with April 17th …
“Where’s the beef?” Read MoreThe IRS has released form 1127-A that could provide penalty relief to select taxpayers if they are able to pay the balance due on their 2011 individual tax return by …
IRS Offers Expanded Installment Agreements for Selected Taxpayers Read MoreFor the owners of an S-corporation there is always the allure to minimize their own wage for one very simple reason; to avoid payroll taxes. While I certainly understand the …
Reasonable Compensation Read MoreToo many times over the years we have seen individual income tax returns rejected or taxpayer refunds held up by the IRS because they couldn’t match taxpayer names and social …
How to stay off the mailing list with the IRS; practical advice Read MoreEffective March 1, 2012 taxpayers who file a joint tax return can no longer send in a jointly signed IRS Power of Attorney Form 2848. Each taxpayer on a joint …
IRS Revises Power of Attorney Form Read More