Detroit Business Law – Resources for Metro-Detroit Businesses
Resources for Metro-Detroit Businesses
The IRS has issued Information Release (IR-2011-1) that specifies taxpayers with the following issues need to wait until mid to late February to file their 2010 individual income tax returns. …
Tax Filing to be Delayed for Some Taxpayers Read MoreThe following is the 2nd part of the summary (see below) of the Tax Relief Act of 2010 and is provided compliments of UHY Advisors, Inc. UHY is a tax …
Highlights of the New Tax Bill (Part 2) Read MoreCongress is at it again. Despite the much publicized agreement in principle last week between the President and Republican leaders to extend various tax cuts, the House Democrat leadership has …
Political Games of Chicken & Tax Cuts Read MoreIn her article “Last-Minute Business Tax Deductions for 2010” Barbara Weltman provides some “crisis” tax planning ideas for those of us that are less inclined to do the proactive tax …
Crisis Tax Planning Read MoreCongress is up to its annual procrastinating self as usual when it comes to dealing with the Alternative Minimum Tax (AMT). Each year for about the last five years it …
Will AMT Relief Be Passed This Year? Read MoreNormally the due date to file an individual income tax return for calendar year end taxpayers without an extension is April 15th.However the date will be April 18th next year, …
New Due date for 2010 Individual Income Tax Returns Read MoreA taxpayer is subject to penalties and interest for failing to file a Michigan tax return or pay Michigan tax on time. The penalties are 5% of the amount of …
New Michigan Tax Amnesty Law Read MoreWhile this seems like an oxymoron this very well could happen. Congress has decided that their jobs are more important than your household budget and has decided to delay voting …
Could Your Net Payroll Check Shrink Even If Congress Votes To Extend Tax Cuts? Read MoreWhat is going on with tax law and the related planning reminds me of the words to a David Bowie song written perhaps too long ago for most of you …
Ch-ch-ch-ch-Changes… Read MoreThe most important thing is that you do not panic or ignore the notice. Most of these notices are for simple things like mathematical errors or even for items that …
What To Do If You Receive An IRS Notice Read More