» Tax Law
Estate Tax
January 2nd, 2016
The Estate Tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death. The fair market value of these items is used, not necessarily what you pai…
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Categories: Tax Law
Mileage reimbursement made easy
September 6th, 2015
Mileage reimbursement made easy with this Excel form from University of Michigan Finance website! Use this form when claiming mileage reimbursement for business use of personal vehicles.
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Its Time to Again Consider Property Tax Appeals
February 17th, 2015
Every year, the value of real property is assessed by the township, village, or city. On or before the first Monday in March, the property tax assessor compiles their roll of the properties in their assigned area. This roll contains the “true cash…
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Categories: Tax Law
IRS liens and Michigan Non-Judicial Mortgage Foreclosures
March 29th, 2013
There are a few steps that must be followed to extinguish an IRS lien recorded at least 30 days before the sheriff’s sale. To extinguish an IRS lien recorded at least 30 days before the sheriff’s sale you must: 1. Give the IRS notice no less than…
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Categories: Tax Law
Pick a State: Wife denied Michigan principal residence exemption because of her husband’s exemption in Illinois
January 16th, 2012
In Levenfeld v County of Berrien, an unpublished opinion by the Michigan Court of Appeals, MCOA affirmed the Michigan Tax Tribunal’s denial to grant Levenfeld a principal residence exemption due to adherence to the language in the statute. Leve…
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Categories: Tax Law
The Difference Between Vacant and Unoccupied
October 5th, 2011
In EldenBrady v. City of Albion, No. 297735, the Michigan Court of Appeals reviewed the Michigan Tax Tribunal’s decision that an abandoned school building on ten acres of residential-zoned land adjacent to a residential dwelling prevents the pa…
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Categories: Tax Law
Extension of the Obsolete Property Rehabilitation Act (OPRA)
July 29th, 2010
Earlier this month, the Lansing City Council approved an Obsolete Property Tax Rehabilitation Tax Abatement for Michigan State University Federal Credit Union‘s (MSUFCU) planned ninth branch, located in downtown Lansing at 104 South Washington Squa…
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Categories: Tax Law