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Identity Theft Takes #1 Spot on IRS Dirty Dozen List

Posted on May 28, 2013 in Articles, Fraud and Forensic Investigation

Tweet Identity theft is a big problem. In fact, this year it took the number one spot on the IRS Dirty Dozen scam list. In an effort to help victims reclaim their identity, the IRS announced the nationwide expansion of a program that helps law enforcement officials obtain the tax return data they need to...

Five-Time Super Bowl Starter Sacked in Tax Court

Posted on May 15, 2013 in Articles

Bill Romanowski had a lucrative 16-year NFL career, but it seems retirement is proving to be less fruitful.  According to AccountingToday, when the Five-Time Super Bowl Starter retired, he found his way into a tax-shelter scheme. Romanowski decided to invest $13,092,732 in a horse breeding-program, which would allow him to offset his taxable income from...

Some Non-Profits Asked to Complete Self-Declarers Questionnaire

Posted on April 11, 2013 in Articles, Locations & Services

Tweet The IRS announced that they will be doing compliance checks on some organizations that declare themselves tax-exempt under section 501(c)(4), (5) and (6). Please note, the questionnaire is optional and you are only eligible to complete it if you receive a letter in the mail from the IRS that includes a PIN, password, and...

Important UIA Reminder for Employers

Posted on April 09, 2013 in Articles, Tax Tips

Tweet Employers – If you have 25 or more employees at any one time in a quarter, you must file form UIA 1028 electronically. The deadline to file is April 25th, and in order to file electronically you must be registered on the michigan.gov website. If you have not registered yet, please be sure to...

Got a big tax debt? Maybe Charlie Sheen Will Help…

Posted on November 30, 2012 in Articles

Tweet At least that’s what worked for Lindsay Lohan. AccountingToday published that the starlet reportedly owes $233,904 in unpaid taxes to the IRS. Sheen found out about the massive debt while the two were filming Scary Movie 5, and he offered to help with the tax leins; however, Lohan declined at the time. Lohan later...

Candidate Comparison | How Each Candidate Will Affect Small Biz

Posted on September 26, 2012 in Articles, Tax Tips

Tweet As the presidential race heads into the fall both candidates are campaigning hard. Many analysts have said this election will come down to the economy. With that in mind, let’s review each candidate’s position on matters that affect small business. Code Sec. 179 Currently covers qualifying new property placed in service before January 1,...

Candidate Comparison | How Each Candidate Will Affect Small Biz

Posted on September 26, 2012 in Articles, Tax Tips

Tweet As the presidential race heads into the fall both candidates are campaigning hard. Many analysts have said this election will come down to the economy. With that in mind, let’s review each candidate’s position on matters that affect small business. Code Sec. 179 Currently covers qualifying new property placed in service before January 1,...

More Changes from the Michigan Unemployment Insurance Agency

Posted on August 22, 2012 in Articles

Tweet The Michigan Unemployment Insurance Agency has undergone several changes in the last few weeks. Among those changes, is the new Michigan Web Account Manager site employers must now use to manage their unemployment account. Below is a list of changes that have taken effect or are on the horizon. Beginning in 2012, the taxable...

The Presidential Race Is In Full Swing and The Candidates Have Very Different Views On Tax Issues

Posted on August 17, 2012 in Articles, Tax Tips

Tweet The presidential race is heating up and the hopefuls each have their own tax plan that, if elected, they hope to implement. Below are comparisons of what each candidate would do on a few key economic topics. Individual Rates President Obama has proposed to keep the rates at 10%, 15%, 25% and 28%. He...

The Unemployment Insurance Agency’s New Site is Live

Posted on August 15, 2012 in Articles

Tweet As of August 14th Michigan Employers have a new tool for managing their unemployment tax accounts. The Employer Web Account Manager has been upgraded and rebranded as the Michigan Web Account Manager, which made its public debut yesterday (Tuesday, August 14th).  Among the changes, employers can now file tax reports and make payments the same...