February 11, 2018

IRS Tax Tip 2018-20, February 7, 2018 

Most taxpayers can claim one personal exemption for themselves and, if married, one for their spouse. This helps reduce their taxable income on their 2017 tax return.

They may also be able to claim an exemption for each of their dependents. Each exemption normally allows them to deduct $4,050 on their 2017 tax return. While each is worth the same amount, different rules apply to each type. ​

February 08, 2018

FIDELITY VIEWPOINTS  -

There are hundreds of potential tax breaks are out there for the taking. Don't miss out. Get to know the different types of deductions and how they're handled when filling out your tax return—and keep good records—so you can potentially lower your taxes.

December 14, 2017

IR-2017-201, Dec. 12, 2017 

​

WASHINGTON – As tax filing season approaches, the Internal Revenue Service reminds taxpayers there are things they should do now to get ready for filing season.

​

November 28, 2017

LANSING, Mich. – The Michigan Department of Treasury is warning taxpayers of aggressive and threatening phone calls made by criminals impersonating state tax officials.

​

Within the last couple of days, the state Treasury Department has observed a surge in scam phone calls where scammers are claiming to be state tax officials and asking for cash through a wire transfer, prepaid debit card or gift card. Victims are told they owe money and will face arrest, legal action or suspension of business if not paid promptly.

February 28, 2017

IRS Tax Tip

​

Taxpayers who made certain energy efficient improvements to their home last year may qualify for a tax credit this year. Here are some key facts to know about home energy tax credits

February 10, 2017

IRS Tax Tip​



For 2017, the IRS, the states, and the tax industry joined together to enact new safeguards and take additional actions to combat tax-related identity theft. 

February 06, 2017

State of Michigan Tax Tip

​

Michigan taxpayers should choose a qualified tax preparer to ensure their individual income tax returns are completed correctly and appropriately, according to the Michigan Department of Treasury (Treasury).

December 13, 2016

IR-2016-162​

​

WASHINGTON — As tax filing season approaches, the Internal Revenue Service has information for taxpayers who wonder how long to keep tax returns and other documents.

Generally, the IRS recommends keeping copies of tax returns and supporting documents at least three years. Some documents should be kept up to seven years in case a taxpayer needs to file an amended return or if questions arise. Keep records relating to real estate up to seven years after disposing of the property.

August 24, 2016

IRS Summertime Tax Tip 2016-23​

​

If you are divorcing or recently divorced, taxes may be the last thing on your mind. However, these events can have a big impact on your wallet. Alimony and a name or address change are just a few items you may need to consider. Here are some key tax tips to keep in mind:

April 03, 2016

IRS Tax Tip 2016-23

​

If you are self-employed, you normally carry on a trade or business. Sole proprietors and independent contractors are two types of self-employment. If this applies to you, there are a few basic things you should know about how your income affects your federal tax return. Here are six important tips from the IRS: