Tax Law

After falling behind on taxes, some may accept the first payment agreement offered just to stop collection pressure. Yet, the terms of the arrangement can affect your financial obligations for years. If you owe delinquent taxes, understanding how installment...

Imagine this: your small business fell behind on tax payments during a difficult year. You now owe money to both the IRS and the Michigan Department of Treasury. Notices arrive from both agencies demanding payment and threatening collection action. Facing dual tax...

Running a business comes with many tasks. Paying taxes is one of the most important. Sometimes, low cash flow or unexpected bills cause a business to fall behind on tax payments. When this happens, the IRS sends notices asking for payment. For many owners, paying the...

Falling behind on property taxes is surprisingly easy. Financial strain, rising tax assessments or simple oversight can lead to unpaid balances that quietly grow more serious over time.  When property taxes are not paid on time, penalties and interest usually begin to...

Individuals and businesses in Michigan are subject to both state and federal tax regulations. In addition to filing a federal income tax return annually, taxpayers in Michigan must file a state return to ensure that they have fulfilled all of their state income tax...

Taxes can have a profound impact on the profitability of an organization. Business leaders in many different industries may need support as they attempt to optimize their tax credits and deductions to minimize what they ultimately pay in federal taxes. Every year,...

The start of a new year is an ideal time to reassess your financial habits. To that end, it is worth noting that tax-related resolutions can be some of the most impactful goals individuals and businesses make. Rather than waiting until tax season to address concerns,...

Most professionals don’t have to worry much about taxes. They fill out basic paperwork with their employers when they start new jobs. Those documents may include tax paperwork identifying their dependents for tax withholding purposes. For most employees, their...

Independent contractors often juggle multiple clients, unpredictable income streams and significant business expenses. With so much to manage, it is not uncommon for contractors to fall behind on filing their taxes.  Unlike traditional employees, independent...