May 16, 2022

When Can You Dump Old Tax Records?

Taxpayers often question how long records must be kept and the amount of time IRS has to audit a return after it is filed. It all […]
May 5, 2022

What To Do With Mail From The IRS

From IRS.gov Taxpayers should open and carefully read any mail from the IRS.The IRS mails letters or notices to taxpayers for a variety of reasons including: […]
April 25, 2022

When (And Why) to Check Your Tax Withholding

From IRS.govFor employees, withholding is the amount of federal income tax withheld from your paycheck. The amount of income tax your employer withholds from your regular […]
April 25, 2022

Owe the IRS money? How long do they have to collect? Have you ever wondered how long the IRS has to question and assess additional tax […]
February 23, 2022

Avoiding IRS Underpayment Penalties

Congress considers our tax system a “pay-as-you-earn” system. To facilitate that concept, the government has provided several means of assisting taxpayers in meeting the “pay-as-you-earn” requirement. […]
January 20, 2022

Michigan joins other states by enacting a SALT Cap workaround for Pass-thru Entities

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 […]
January 5, 2022

Corporations: Do You Really Want To Pay Those Dividends?

If you invest in stocks, you probably look forward to receiving dividend checks (or notices that your dividends have been reinvested) from the companies you own […]
December 15, 2021

Congress Terminates the Employee Retention Credit Early

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 […]
December 15, 2021

Make Payroll Taxes Easy in 2022

Handling employment taxes can be complicated, especially when you’re required to file important tax documents throughout the year. Here’s a quick recap of the most vital […]