Detroit Business Law – Resources for Metro-Detroit Businesses
Resources for Metro-Detroit Businesses
IRS News Release IR-2018-251: On December 14, 2018, the Internal Revenue Service issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for …
IRS Issues 2019 Optimal Standard Mileage Rates Read MoreTax law can be overwhelming for many people in the business sector. To combat uneasiness and create a semblance of familiarity with tax obligations, Demorest Law provides the following synopsis …
Realization of Income for IRS Purposes Read MoreIn United States v. Davis, the Sixth Circuit Court of Appeals upheld the district court’s order allowing the federal government to enforce its tax lien, and sell the property owned …
Court Orders Couple’s Property Sold to Satisfy Husband’s Delinquent Taxes Read MoreEach December, the IRS sets the mileage reimbursement rate for the following year. If businesses choose to reimburse their employees for work-related driving, this is the rate at which such …
IRS Announces 2016 Mileage Rates Read MoreThe IRS recently denied tax-exempt status to a group dedicated to “protecting the human rights of defenseless victims of involuntary microwave and mind control attacks.” You read it right, there’s …
Mind Control, Worthy of Tax Exemptions? Read MoreNew IRS Tipping Rules Took Effect January 1, 2014 New IRS tipping rules took effect on January 1, 2014 that now requires employers in the hospitality industry who apply automatic gratuities to …
New IRS Tipping Rules Took Effect January 1, 2014 with Negative Consequences to Both Hospitality Employers and Their Employees Read MoreLIKE KIND EXCHANGES UNDER INTERNAL REVENUE CODE SECTION 1031 Prior to 2000, the real estate market was so hot that a property might appreciate more than 20% overnight, especially at …
Introduction to the 1031 Exchange Read MoreOne of the bedrock principles of Michigan property law is that property held jointly by husband and wife is protected from the claims from one spouse’s creditors. However, a recent …
Federal Court Ruling Diminishes Michigan Property Rights Read MoreMisclassification of employees is a hot enforcement topic for the IRS. Determining whether a worker should be classified as an independent contractor or an employee is not always clear. The …
IRS Offers Partial Amnesty Over Independent Contractors Read MoreThe Internal Revenue Service is making a one-time, extraordinary allowance to taxpayers who make qualifying contributions for Haitian earthquake relief.[1] Individual taxpayers who itemize their deductions for 2009 may deduct …
2009 Federal Tax Benefit for Qualifying Contributions for Haitian Earthquake Relief Read More