“Where’s the beef?”
This 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 MoreTax Law
IRS Offers Expanded Installment Agreements for Selected Taxpayers
The 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 MoreReasonable Compensation
For 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 MoreHow to stay off the mailing list with the IRS; practical advice
Too 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 MoreIRS Revises Power of Attorney Form
Effective 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 More2011 vs. 2012 Depreciation Rules
As most business owners are aware, the depreciation rules for 2011 created significant benefits for businesses large and small. However, 2012 will not provide that same advantages and as a …
2011 vs. 2012 Depreciation Rules Read More1st Time Home Buyer Credit Look Up Tool
The IRS has recently released this handy tool on their website www.irs.gov to help you in preparing your 2011 tax return. Due to the fact that this credit originally started …
1st Time Home Buyer Credit Look Up Tool Read More2012 COLA Adjustments Announced
This is certainly a good news, bad news message. That the cost of living for all of us, from food to commodities like gasoline, has gone through the roof over …
2012 COLA Adjustments Announced Read MoreMichigan Unclaimed Property Notices
By this point virtually every business owner in Michigan has received a State mailing putting them on notice that they are looking for any unclaimed property businesses may hold. This …
Michigan Unclaimed Property Notices Read MoreExtended Due Dates for Filing of 2011 U.S. Individual Income Tax Returns
The IRS has recently announced that the deadline to file your 2011 tax return and pay any balance due has been moved to Tuesday April 17, 2012. For more information …
Extended Due Dates for Filing of 2011 U.S. Individual Income Tax Returns Read More