» Tax Issues

Efficiency, Transparency…

Efficiency, Transparency and Protection

You may have noticed that the IRS has been pushing us more and more toward electronic filings, as opposed to paper.  Up until now, most nonprofits have escaped that push.  That exemption from electronic filing requirements vanished this summer, how… Read More
Read More
Does Taxable Value Equal…

Does Taxable Value Equal Market Value?

If you’ve lived in Michigan a while, you know that we have a quirky system for determining the “Taxable Value” of residential real estate.  Under Proposal A (passed in 1994), the increase in the taxable value of residential real estate cannot… Read More
Read More
Feeling Generous? Gift Aw…

Feeling Generous? Gift Away!

We can each gift unlimited wealth to our spouses without having to pay gift tax.  In addition, we can each make lifetime gifts totaling $11,400,000 to people other than our spouses before gift tax kicks in.  This number is indexed for inflation, so… Read More
Read More
Breaking the (Tax) Code

Breaking the (Tax) Code

The reforms in the Tax Cuts and Jobs Act represent the most sweeping tax overhaul in 30 years.  Here are some of the most important changes that may affect your business: Qualified Business Income Deduction. Many owners of pass-through businesses, s… Read More
Read More