June 17, 2022
From IRS.gov On June 10th, The Internal Revenue Service wrapped up its annual “Dirty Dozen” scams list for the 2022 filing season, with a warning to […]
January 20, 2022
On Dec 20 Governor Whitmer joined several other states that enacted a work-around to the federal SALT Cap for owners of pass-through entities (Partnerships and S […]
December 15, 2021
President Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law on November 15, 2021. One of the provisions of that legislation retroactively terminated the […]
October 25, 2021
Gov. Whitmer Announced More Than 178,600 Michigan Households Are Receiving Additional Home Heating Credit Payment From the Michigan Department of Treasury: Governor Whitmer has announced that […]
June 18, 2021
As we noted in prior articles, Congress has made substantial changes to the Child Tax Credit (CTC) for 2021. The CTC has been increased to as […]
April 21, 2021
Thieves use taxpayers’ natural fear of the IRS and other government entities to plan their scams, including e-mail and phone scams, to steal your money. They […]
March 17, 2021
Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. A number of sites host money-raising projects for fees generally ranging […]
March 17, 2021
As part of the CARES Act, the requirement for older taxpayers to take required minimum distributions (RMDs) from their retirement plans was waived for 2020. This […]
March 17, 2021
Because of the pandemic, many individuals have seen their employment (earned) income plummet. In that situation, two very important tax credits, the Earned Income Tax Credit […]