Workshop Wrap-Up: Michigan Tax Conference
As proposals for national tax reform topped headlines Thursday, state and national experts came together to give us insight into what things will look like in Michigan.
Client Alert: State Supreme Court Decision Creates Limited Tax Refund Opportunities
Taxpayers who filed as, or were included as a member of, a unitary business group could qualify for a refund following a decision by the Michigan Court of Appeals that the Michigan Supreme Court chose to let stand on January […]
Veteran Wrongfully Denied Property Tax Exemption: Fraser Trebilcock Attorney Files Appeal on Veteran’s Behalf
A local Veteran who served in the Navy more than 60 years ago is being wrongfully denied a Michigan property tax exemption. “The law passed in 2013 is clear,” said Fraser Trebilcock attorney Paul McCord.
Court of Appeals Upholds Retroactive Tax Legislation
On September 29, 2015, the Michigan Court of Appeals in Gillette Commercial Operations v Dep’t of Treasury, No 325258 (consolidated with about 50 other cases), held that Michigan’s retroactive repeal of the Multistate Tax Compact (MTC) to avoid paying $1.1 billion […]
Worker Payroll Tax Payment’s Delayed By Executive Order
On Saturday, the President issued an executive order to defer the withholding, deposit, and payment of certain payroll taxes paid from September 1st through December 31, 2020, although the President indicated that it could end up being applied retroactive to […]
Michigan’s New Executive Orders 2020-160 & 2020-161
On July 29, 2020, the Governor signed Executive Orders 2020-160 and 2020-161, amending Michigan’s Safe Start Order and issuing revised workplace safeguards. Starting July 31, 2020, statewide indoor gatherings will be limited to 10 people and certain bars will be […]
Tax Sales Proceeds In Excess Of The Tax Owed Must Be Returned To The Taxpayer
On July 17 2020, the Michigan Supreme Court ruled in Rafaeli, LLC v Oakland County (the “County”) that the proceeds for a tax sale in excess of the tax owed must be returned to the taxpayer. The ruling stems from […]
Flexibility Act Loosens Restrictions in PPP Loan Program
On Friday morning the President signed into law the Flexibility Act (the “Act”) making significant changes to the forgiveness portion of the Paycheck Protection Program (PPP). These changes will triple the time allotted for small businesses and other PPP loan […]
SBA Opens Safe Harbor Certification for PPP Loans of Less than $2 Million
The SBA recently issued guidance extending an automatic safe harbor to borrowers receiving Paycheck Protection Program (PPP) loans with an original principal amount of less than $2 million. These borrowers will be assumed to have performed the required certification concerning the necessity […]
You Can’t Take It With You And You Can’t Keep It: IRS Says Send Back Stimulus Checks Received by Deceased Relatives
Approximately 2.8 million deaths occur in the United States each year from all causes. This leads to an interesting dilemma with the stimulus payments/checks issued by the IRS. A small number of people are receiving checks for their relatives who […]