The number of returns claiming the Earned Income Tax Credit (EITC) has grown in recent years, but that doesn’t mean it that taxpayers understand the complexity of it. The earned…
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Top Reasons to File Your Taxes Early
Every April, many taxpayers wait until the last minute to file their federal income tax returns, whether from taking more time to find and organize their documents or from simple…
What You Can Learn From Your Tax Return
Tax time may be over, but before you store your return in the attic, take a moment to review it. According to the Michigan Association of CPAs, you’ll find that…
Record Retention Guide
Clients are always calling our office asking how long we recommend they keep their financial records. Keeping good personal and business records is helpful for many reasons besides just taxes,…
Identity Theft & Fraudulent Tax Returns
This past tax season we received many phone calls from clients complaining or concerned about the long length of time it took for them to receive their refunds. The delays…
Common Itemized Deductions
A standard deduction is a fixed amount of tax deductions from income that a taxpayer may choose to make without having to itemize them. (Standard Amounts = Single $5,700; Married…