Most taxpayers are aware that the earned income credit (EIC) is one of the most valuable tax credits that can be claimed on their federal tax return. For residents in the State of Michigan, did you know that there is an EIC available as a credit against your...
Michigan Taxation
Are Houses Of Worship And Parsonages Exempt From Taxation In Michigan?
Generally speaking, “[a]ll land within this state, all buildings and fixtures on the land, and all appurtenances to the land” are subject to ad valorem taxes based on its assessed value under Michigan’s General Property Tax Act, “except as expressly exempted by...
State Of Michigan Extends Deadlines For Some Tax Returns And Payments To May 17, 2021 For 2020 Tax Year
On March 17, 2021, the Internal Revenue Service issued Notice 2021-59 that provided an automatic extension of the due date for certain federal income tax returns and payments from April 15, 2021 to May 17, 2021. This was in response to the ongoing COVID-19...
What Happens If Property Taxes Are Delinquent In Michigan?
Property taxes are an important source of revenue for municipalities in the State of Michigan. Those tax dollars funds school districts, police departments, fire and rescue services and other local services. When these property taxes go unpaid, the countdown...
Is Michigan A Tax-Friendly State For Senior Citizens To Live?
Retirement is often an exciting time in a person’s life. He or she can break free of the rat race and pursue ambitions that were impossible to achieve while working. However, retirement can also be a scary time in that the individual may have to live on a...
Are You Eligible For A Poverty Exemption From Property Taxes In Michigan?
Michigan real estate owners are required to pay property taxes every year to the county taxing authority. Failing to pay these taxes can result in your home being forfeited to the county treasurer on March 1 in the second year of the delinquency. After...
Can You Discharge Federal Or State Tax Debt In Chapter 7 Bankruptcy?
There are many administrative tactics that taxpayers can use to reduce or eliminate their outstanding tax debt. They can enter into an installment plan with the IRS or the state revenue agency to make payments over an extended period of time to avoid offsets. ...
Michigan Supreme Court Rules Local Governments Can No Longer Keep Profits From Property Tax Foreclosure Sales
On July 17, 2020, the Michigan Supreme Court issued its opinion in Rafaeli, LLC v Oakland County, __ Mich __ ; __ NW2d __ (2020)(Docket No. 156849) and ruled that local governments can no longer retain the surplus proceeds from tax foreclosure sales on real...
How Long Does The State of Michigan Have To Collect A Tax Debt?
The United States federal government and the State of Michigan have very different statutes and regulations regarding the time limit for collecting on assessed taxes. Generally, the Internal Revenue Service may collect taxes due by levy or court proceeding,...
State of Michigan Extends Deadlines For Income Tax Filings and Payments During COVID-19 Emergency
On March 10th, 2020, the State of Michigan identified the first two presumptive-positive cases of the novel coronavirus (COVID-19) in its borders. That same day, Governor Gretchen Whitmer issued an executive order declaring a state of emergency based on her...
