IRS Announces 2012 Mileage Rates
Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car, van, or pickup truck will be: 55.5 cents per mile for business miles driven 23 …
IRS Announces 2012 Mileage Rates Read MoreTax Law
Michigan Alert: Taxation of Public Pensions
Governor Rick Snyder’s tax increase on both private and public pensions was recently upheld by the Michigan Supreme Court. Only a portion of the new law didn’t pass muster with …
Michigan Alert: Taxation of Public Pensions Read MoreInflation Rate Multiplier for 2012 Taxable Values Issued
The Michigan State Tax Commission has, by way of Bulletin 14 of 2011, issued notification of the 2012 inflation rate multiplier, to be used for calculating 2012 taxable values. The …
Inflation Rate Multiplier for 2012 Taxable Values Issued Read MoreIRS Issues 2012 Inflation Adjusted Numbers
The IRS just recently issued some revised tax numbers for 2012. Here are a few highlights: Standard Deduction: $11,900 for married couples filing a joint return. Personal Exemption: $3,800 Annual …
IRS Issues 2012 Inflation Adjusted Numbers Read MoreSecond Chances
Wouldn’t it be great if you had a second chance? Of course it would be. We all love to play Monday morning quarterback. If you converted an IRA to a …
Second Chances Read MoreIndependent Contractor vs. Employee Controversy
The IRS has announced a voluntary program that provides an opportunity for taxpayers to reclassify their workers for employment tax purposes. The contractor vs. employee controversy is one that has …
Independent Contractor vs. Employee Controversy Read MoreResidential and Agricultural Properties Face July 31 Tax Appeal Filing Deadline
The deadline to file a Petition challenging the assessment for properties classified as residential or agricultural is July 31. In order to file a Petition before the Michigan Tax Tribunal …
Residential and Agricultural Properties Face July 31 Tax Appeal Filing Deadline Read MoreCourt of Appeals Rules For City Over Treasurer In Determination of “Public Purpose” In Sale Following Tax Foreclosure
The Michigan Court of Appeals recently ruled that it is the municipality’s legislative body, and not the County Treasurer, who has the final say as to whether a proposed purchase …
Court of Appeals Rules For City Over Treasurer In Determination of “Public Purpose” In Sale Following Tax Foreclosure Read MoreMichigan Supreme Court Clarifies Circumstances When Creation or Termination of Joint Tenancies Will Lead to Uncapping of Taxable Value
In a recent opinion, the Michigan Supreme Court clarified some instances where the death of a joint tenant, or the creation or termination of a joint tenancy may lead to …
Michigan Supreme Court Clarifies Circumstances When Creation or Termination of Joint Tenancies Will Lead to Uncapping of Taxable Value Read MoreHow to Protest Your Property Taxes in Michigan
The time has once again arrived to focus on cost reductions achievable by appealing your property taxes. You have recently received your 2011 Notice of Assessment. As discussed below, there …
How to Protest Your Property Taxes in Michigan Read More