On March 25th, the Senate passed a $2 trillion economic rescue plan that will offer assistance to millions of American households affected by the Coronavirus. The House of Representatives is…
Author: Toni Nicholson
Families First Coronavirus Response Act (FFCRA)
In response to the COVID-19 (coronavirus) pandemic, the Families First Coronavirus Response Act was signed into law March 18, 2020, and generally requires employers with less than 500 employees to…
Does Your Business Need to File Form 1099MISC?
Generally, a 1099-MISC should be issued to any individual or entity paid $600 or more for non-employee compensation, rent, prizes, awards and other types of income. This includes payments to…
Be Alert and Informed When Considering Student Loans
As Michiganders prepare for the upcoming fall semester and start paying their college tuition bills, the Michigan Department of Treasury’s MI Student Aid Team is asking students and their families…
Common Extension Questions
What does filing an “extension” do? An extension is a form filed with the IRS to request additional time to file your federal tax return. The extension period is six…
Some Taxpayers Get Reprieve from Underpayment Penalty
Responding to concerns that individual taxpayers may have found it difficult to correctly estimate their 2018 tax liability because of the many changes enacted in the law known as the…