Action Tax

Tax Attic

July 9, 2015 // 0 Comments

The tax business usually doesn’t make the front page in July but this year is different. The Supreme Court made two rulings last week that all of us are aware of. In separate split decisions, the justices ruled that Obamacare’s health premium tax credit was valid whether the taxpayer purchased insurance through a state-run or a federal-run exchange. Had they [...]

THE TAX ATTIC

February 5, 2015 // 0 Comments

On August 5, 2014, we had a state-wide vote that approved a change to the Personal Property Tax system. The changes were massive and affected every business that owned any equipment that was physically located in the state of Michigan. Historically, Michigan had taxed the equipment owned by businesses at basically the same rates that real property was taxed. The [...]

TAX ATTIC

October 4, 2012 // 0 Comments

Jerry Coon Michigan changes affect tax returns The questions are starting to flow in with more frequency as we get closer to the end of the year. An increasing number of people are beginning to wonder how all of the changes made by the State of Michigan will affect their tax return to be filed this coming tax season. I don’t blame them for wondering. It’s a fair [...]