Tax Archive

UPDATE 12-5-07: The 6% services tax enacted by the Michigan legislature went briefly into — and then out of — effect, on December 1, 2007. The repeal legislation retroactively exempted all potentially covered transactions from tax liability. Sadly — I have been spending the last few days analyzing the latest information from Treasury, to be [...]

UPDATE 12-5-07: The 6% services tax enacted by the Michigan legislature went briefly into — and then out of — effect, on December 1, 2007. The repeal legislation retroactively exempted all potentially covered transactions from tax liability. Business owners who are subject to the new services tax must register with the State of Michigan, Department [...]

UPDATE 12-5-07: The 6% services tax enacted by the Michigan legislature went briefly into — and then out of — effect, on December 1, 2007. The repeal legislation retroactively exempted all potentially covered transactions from tax liability. My small business clients (and several blog editors and comment submitters) have been waiting with bated breath for [...]

UPDATE 12-5-07: The 6% services tax enacted by the Michigan legislature went briefly into — and then out of — effect, on December 1, 2007. The repeal legislation retroactively exempted all potentially covered transactions from tax liability. I have set up a mailing list on Google Groups called SERVICETAX-MI to discuss the extension of the [...]

UPDATE 12-5-07: The 6% services tax enacted by the Michigan legislature went briefly into — and then out of — effect, on December 1, 2007. The repeal legislation retroactively exempted all potentially covered transactions from tax liability. I have spent the last day analyzing the bill text of the new Michigan services tax law enacted [...]

UPDATE 12-5-07: The 6% services tax enacted by the Michigan legislature went briefly into — and then out of — effect, on December 1, 2007. The repeal legislation retroactively exempted all potentially covered transactions from tax liability. Michigan state legislators have avoided a state government shutdown by reaching a comprehensive budget agreement which includes budget [...]

Michigan’s Proposed Sales Tax on Services: A Whole New Reporting Headache As part of her effort to balance the state’s budget, Michigan Governor Jennifer Granholm has proposed a new 2% sales and use tax on services. This tax would be collected in the same manner as the existing 6% sales and use tax for goods: [...]

Here’s something to warm the cockles of a real estate developer’s heart. The Michigan Court of Appeals recently held that Michigan’s Real Estate Transfer Tax should be assessed on the value of the property at the time of transfer, and not on the value of the property after the home is built. Lake Forest Partners [...]

If you ask me, this is the Mother Of All Privacy Violations. My tax return data? The IRS has proposed a rule to allow the tax preparation industry to disclose Joe American’s tax return information, collected while preparing returns for consumers, to third parties. Of course, this is only after they have received your “consent.” [...]