Tax News - Page 10 of 11

Image of married couple sitting on couch and checking status of tax refund on laptop

A Tax Refund For You Or An Interest-Free Loan For The IRS?

Posted March 29, 2017

Millions of taxpayers receive refunds each year. But, it's important to understand that a tax refund actually costs you money. Here's … Read More

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That’s Taxable Income?

Posted March 22, 2017

Have you ever wondered about the taxability of funds or services you receive? There are many areas in the tax … Read More

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Overlooked Tax Credits For College Students And Parents

Posted March 8, 2017

The IRS and the state of Michigan offer various tax credits to help offset the cost of higher education. Are … Read More

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Failure To Report Sales In Boycotting Countries Can Bring Significant Tax Penalties

Posted March 1, 2017

The U.S. discourages any U.S. persons* from participating in, or cooperating with, international boycotts not approved by the U.S. government. … Read More

Image of two ironworkers putting up the skeleton of a building - contractors in Michigan

Contractors Working With Qualified Native American Tribes May Be Exempt From Sales & Use Tax

Posted February 8, 2017

Ten of 12 federally recognized Native American tribes in Michigan have entered into a tax agreement with the State of … Read More

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The Real Definition Of Dependent May Surprise You

Posted February 1, 2017

Many people think of a dependent as a minor child who lives with you. This is true, but it can … Read More

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Do You Need To Think About The Alternative Minimum Tax?

Posted January 19, 2017

You may not have thought much about the alternative minimum tax, or AMT, since Congress passed a law that permanently … Read More

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The Benefits Of An IC-DISC

Posted December 22, 2016

An IC-DISC is an Interest-Charge Domestic International Sales Corporation. It's a legal entity authorized under the Internal Revenue Code and … Read More

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A Guide To Holiday Giving And Tax Deductions

Posted December 14, 2016

‘Tis the season for giving! Many are inspired to give back to the community by donating their time, services, and … Read More

Image of data analyst working on computer to track commodity prices for manufacturing company

The Impact Of Commodity Prices On LIFO Inventory

Posted December 2, 2016

Electing and retaining the last-in, first-out (LIFO) method of inventory accounting provides the most significant tax benefits when a company’s … Read More

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