Until recently, Michigan was one of only a few states that did not have an offer in compromise program. An offer in compromise program allows the state of Michigan to accept less than the full amount owed by a taxpayer as payment in full of their taxes to the State of Michigan. Under a new law effective January 1, 2015, the Michigan Treasury may compromise all, or any part, of a tax due to the State of Michigan.
Continue reading Michigan Adopts Offer in Compromise Program
WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes. The ruling applies regardless of whether the couple lives in a jurisdiction that recognizes same-sex marriage or a jurisdiction that does not recognize same-sex marriage.
Continue reading IRS: All Legal Same-Sex Marriages Will Be Recognized for Federal Tax Purposes
