Latest Publications

Share:

Michigan Expands Settlement Authority for Tax Disputes

Governor Snyder signed PA 215 of 2017 on December 20, 2017. This new law creates for the first time the potential to settle tax disputes during the administrative appeal process prior to litigation. However, taxpayers and...more

2017 Federal Tax Reform Creates Urgent Need for Taxpayers to Review Their Tax Strategy

After last minute political and procedural hurdles were cleared, the Tax Cuts & Jobs Act (the "Tax Act") was passed December 20, 2017. The administration reportedly is working out the timing of signing the bill due to...more

2017 Federal Tax Reform: How Will the Progressing Tax “Simplification” Deal Affect You?

There has been a great deal of information released regarding tax reform, tax cuts, and tax negotiations among the House, the Senate, and the President in 2017. And while a "deal" has been reported, there has been no...more

IRS Signals Intent to Aggressively Pursue Undisclosed Offshore Accounts

At the recent National Institute on Criminal Tax Fraud and Tax Controversy, senior IRS and Department of Justice (Tax) officials sounded the proverbial warning alarm to taxpayers with undisclosed or offshore financial...more

South Dakota Nexus Law Held Invalid in Violation of Quill

Like many states, South Dakota recently enacted an aggressive sales and use tax nexus statute requiring certain out-of-state retailers with no physical presence in South Dakota to collect and remit tax on sales made to South...more

Michigan Grants Needed Tax Relief to Victims of Hurricanes Harvey and Irma

The Michigan Department of Treasury has announced that it will join taxing authorities across the country by allowing taxpayers affected by Hurricanes Harvey and Irma an extension of time in which to file state tax returns...more

IRS Dirty Dozen for 2017, Tax Shelters, and Captive Insurance: Attacking Past Problems Using a Voluntary Disclosure Strategy

The IRS summarized its annual "Dirty Dozen" List of Tax Scams for 2017 in February. Practitioners and taxpayers should pay particular attention. The IRS is broadcasting their playbook. This list includes two principal types...more

Michigan Treasury Issues Revised Interpretation of Unitary Business Groups Following LaBelle Decision

On February 28, 2017, the Michigan Department of Treasury issued guidance in response to the Supreme Court's denial of Treasury's application to appeal LaBelle Management, Inc v Michigan Department of Treasury, 315 Mich App...more

Decision on Unitary Group Stands after Michigan Supreme Court Chooses Not to Review

On January 24, 2017, the Michigan Supreme Court denied the application filed by the Michigan Department of Treasury (the "Department") for leave to appeal the Court of Appeals' published decision in LaBelle Management v...more

Michigan Supreme Court’s Decision Order in IBM Must be Followed

Background Under Michigan's Business Tax Act ("MBT Act"), generally effective from 2008-2011, income was apportioned using a single sales factor. During the same time period, Michigan law included the Multistate Tax Compact,...more

As Panama Papers Illustrates, IRS Discovery of Undisclosed Assets Just a Matter of Time

As the recent leak of the "Panama Papers" reminded the world, some secrets don't keep well, particularly those related to undisclosed foreign assets. And once a person's identity is disclosed as a holder of undisclosed...more

Potential Refund Opportunity: Recent Michigan Business Tax Ruling Clarifies the Meaning of ‘Indirect’ Ownership

The Michigan Court of Appeals has held that Treasury cannot use the constructive ownership rules of IRC § 318 to determine whether a group of entities meets the threshold for mandatory combined reporting under the Business...more

Tax Filing Season Alert: Exercise Caution Before Signing a Tax Return for a Marijuana Business

It is legal to buy and sell marijuana for certain uses in Michigan, and it is legal to possess limited quantities for personal, recreational use in many cities in Michigan. Right? And if Marijuana is legal to buy, sell,...more

Certain Michigan Taxpayers May Appeal Prior Assessments (Even for Repealed Taxes such as SBT, MBT)

In a Notice released recently by State Treasurer Nick Khouri, the Department of Treasury acknowledged that many taxpayers may have a right to appeal a prior tax assessment – even if many years have passed since that...more

Refunds for Improperly Collected Taxes Due to “Computer Glitch” Will Take Weeks: Michigan Dept. of Treasury

In testimony before the House Oversight and Ethics Committee yesterday Michigan Department of Treasury officials told lawmakers that refunds for taxes improperly collected on 76,000+ accounts due to a "computer glitch" would...more

Important Tax Compliance Provisions Included in the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015

On Friday, July 31, 2015, President Barack Obama signed HR 3236, the "Surface Transportation and Veterans Health Care Choice Improvement Act of 2015" (the "Act"). The Act modifies the extended six-year statute of limitations...more

Taxpayers Can Now Appeal Tax Disputes To A Court Without First Paying Tax, Penalties, and Interest

Michigan Taxpayers Now Have A Right To Appeal Tax Disputes to The Michigan Courts - Pre-Deprivation:  SB 100 Enacted To Eliminate The Prepayment Requirement For Appeals To The Michigan Court Of Claims. On June 16,...more

17 Results
/
View per page
Page: of 1

"My best business intelligence,
in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.