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PostHeaderIcon Stop by Our Tax Store in Commerce, MI

We’re going retail and we opened a tax storefront called Tax Drop.  It’s located in Commerce, MI but it’s located right on the borders of Waterford, West Bloomfield and White Lake.  With convenient drop off service and three different pricing options, we hope to make it even easier for our clients to get their taxes […]

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PostHeaderIcon Taxes for the Beginning Real Estate Investor – Just Start Real Estate Podcast

I was recently on the Just Start Real Estate podcast sharing tax and business tips for new and prospective real estate investors.  You can check out the show notes here and you can download the podcast here. It was a lot of fun and if you have further questions (or you’re making your way here after […]

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PostHeaderIcon Lessons From Instant Tax Service’s (ITS) Shutdown

Over the weekend, Instant Tax Service, the fourth largest tax preparation firm, was shut down by the federal government.  If you want the long story, Tax Girl does an excellent job of running through the details.  The short story is, Instant Tax Service was run largely by people who didn’t know what they were doing […]

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PostHeaderIcon Buying and Selling Websites – A Tax Case Study (Part 1)

Websites have become big business and while general business brokers have existed for years, you can find now websites that are dedicated to buying and selling websites.  In addition, there are some great podcasts surrounding internet marketing and how to develop your internet footprint but I can’t remember ever seeing anything on the tax implications […]

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PostHeaderIcon New Late S-Corporation Election Rules

S-Corporations are fairly popular and they can be a powerful tool in your tax strategy.  In order to qualify as an S-Corporation there are some requirements you have to meet and then you have to make the election.  The requirements include 1)  Being a domestic corporation 2)  Having shareholders that are only individuals, estates or […]

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PostHeaderIcon Tax News – August 16, 2013

Not a lot of news the last couple of days so I’m going to double up. I’m from the Detroit area and Bill Davidson, who passed away a few years ago, is a well known name in Detroit sports.  Amongst other things, he owned the Detroit Pistons  and I even interviewed for a job at […]

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PostHeaderIcon Tax News – August 14, 2013

I’m going to start with a quick sell.  About a year ago, I started an email list for special reports.  I did one, and never got to the second.  I’m going to change gears and do a monthly newsletter instead.  I’m still working on the specifics but if you like the content on the website, […]

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PostHeaderIcon Tax News – August 13, 2013

No silly intros (or is that what this is?).  Let’s get right to the news. Yesterday I linked to a story about taxpayers who hadn’t filed their taxes in a while.  One of the tips they recommend is you get a copy of your transcripts.  With that, here’s more information on getting a copy of […]

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PostHeaderIcon Tax News – August 12, 2013

I let a short vacation derail my daily tax news updates but now I’m back.  Let’s get caught up….. The title to this article is a little deceiving but small businesses are getting tagged by the newer 1099-K form.  If you do business via credit card or a third party service like paypal, you will […]

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PostHeaderIcon Tax News – July 31, 2013

It’s the end of a month.  While I don’t know what August will hold in the store in the tax arena, here’s what happened on the last day of July. Yesterday I talked about the president’s plan to overhaul corporate taxes in exchange for some more stimulus money.  If there was any question, it became […]

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