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Income Taxes

How to Choose a Tax Preparer

OK. So you've decided to skip the sharp pencil routine this year and let someone else prepare your taxes. Who should it be? Aunt Millie? A CPA? Or do you need a lawyer to do it? Any of these answers could be right. It depends on the complexity of your situation and on the qualifications [...]

Make Tax Prep Easier With a Three Folder System

In the next several weeks, our 1099s, W2s, and other tax-related documents will be making their way to our mailboxes. This means a big mess of paperwork come April. Make it easy on yourself by organizing everything in a three folder system. This suggestion comes via The Motley Fool, and it’s a relatively simple task. [...]

Legislature Retroactively Eliminates Michigan 10 Year Audit

On June 26th, Governor Snyder signed House Bill 5543, now Public Act (PA) 211 of 2012. By clarifying when Michigan’s four year statute of limitations begins, the new law will end the Michigan Department of Treasury’s current practice of conducting ten year use tax audits on registered Sales, Use, or Withholding taxpayers who have filed [...]

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