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Announcements

As Holidays Approach, IRS Reminds Taxpayers of Refund Delays in 2017

WASHINGTON –As the holidays approach, the Internal Revenue Service today reminded taxpayers to remember that a new law requires the IRS to hold refunds until mid-February in 2017 for people claiming the Earned Income Tax Credit or the Additional Child Tax Credit. In addition, new identity theft and refund fraud safeguards put in place by

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Our office has moved to Terrace Plaza

We have moved to a new convenient location. Our new office is at: Terrace Plaza 316 Morris Ave #420 Muskegon, MI 49440 Same #: (231) 747-6369 Parking and entrance are in the rear of the building.

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IRS Plans Jan. 30 Tax Season Opening For 1040 Filers

WASHINGTON — Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30. The IRS will begin accepting tax returns on that date after updating forms

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Business changes in HIRE Act

The President recently signed into law the “Hiring Incentives to Restore Employment Act of 2010” (the HIRE Act, P. L. 111-47, 03/18/2010). The centerpiece of this Act is a payroll tax holiday and up-to- $1,000 tax credit for businesses that hire unemployed workers. In addition to these new hiring incentives, the HIRE Act also includes a one-year extension

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Key business changes in the Small Business Jobs Act

The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for businesses. Here’s a brief overview of the tax changes in the Small Business Jobs Act. Enhanced small business expensing (Section 179 expensing). To help small businesses quickly recover the cost of capital outlays, small business taxpayers can elect to write

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Higher education expense deduction

You may be able to claim a deduction for the cost of tuition and fees to enroll or attend a college or graduate school for yourself, your spouse, or your dependents, even if the education isn’t employment- or business-related. For expenses paid before Jan. 1, 2010, a married couple filing jointly can deduct up to

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Key Changes in the enacted 2010 Small Business Jobs Act.

The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for businesses. Here’s a brief overview of the tax changes in the Small Business Jobs Act. Enhanced small business expensing (Section 179 expensing). To help small businesses quickly recover the cost of capital outlays, small business taxpayers can

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IRS now accepting taxpayer records in electronic format

IRS has announced that it will begin accepting taxpayer records in electronic format instead of continuing to use traditional paper books and records for tax audits. For some time, business owners and tax professionals have been encouraging IRS to accept taxpayer records in electronic format. These wishes were specifically expressed in tax practitioner focus groups

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