Is Work Clothing Tax Deductible?

This is a question we are asked by both employees and business owners.  You are required to wear a suit at work.  You hate wearing a suit and you would never wear a suit outside of work.  You should be able to deduct the cost of purchasing a suit.  Right? No, you are not able to deduct your suit purchase.   Continue reading…

Discharge Taxes in Bankruptcy

If you are financially struggling and need relief from outstanding debt, bankruptcy may be an option.  You may owe a substantial amount of back taxes.  Back taxes may be dischargeable in bankruptcy.  Not all bankruptcy attorneys understand the rules for discharging taxes in bankruptcy.  Review your options with a tax professional about discharging back taxes before filing bankruptcy.  Filing bankruptcy at the wrong time may cost you thousands in taxes. Continue reading…

IRS Refund Taken

Your tax return was filed and you are expecting a refund from the IRS. But you never received the refund. You receive a letter notifying you that IRS refund was garnished. What do you do now?

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IRS to Use Debt Collectors

The Internal Revenue Service will soon use private debt collectors to collect unpaid back taxes.  This new tax collection provision was included in the new highway funding bill that passed in December.   Included in the new law is the authorization for private debt collectors to make “robocalls” or “robotexts” to collect unpaid IRS taxes.  The use of robocalls may make it easier for scammers.   Continue reading…

Protect Your Company & Yourself – Brighton Workshop

On Wednesday, March 2, 2016 from 11:30am to 1:00pm, we are excited to present before Greater Brighton Area Chamber of Commerce members. 218 E. Grand River, Brighton, MI  48116.

The presentation is “Protect Your Company & Yourself.”

This is a three part presentation.

Part 1: Business Structures – Learn how having the right business structure can have a big impact on taxes.

Part 2: IRS Audit Proof – Preparing for an audit now will save you the future.

Part 3: Negotiating Back Taxes – Tips on reducing taxes and penalties.

Go to the Greater Brighton Area Chamber of Commerce website to reserve your seat!


Your Plans for the $1.5 Billion Powerball Winnings

Did you buy a Powerball ticket when the jackpot was an estimated $1.5B?  I sure did.  Like most people, I figured out how to spend the money:  retire immediately, new house, new car, exotic vacations, and financially help close family and friends.  In my head, I was set for life and it felt good.  Until I found out I didn’t win.  Well, I knew I wasn’t going to win but it was fun to dream about it.
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