To encourage taxpayers to become involved with their employers retirement plan, the “Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act of 2019)” was signed into law on December 29, 2022 The new law is designed to help taxpayers save more for retirement by allowing for “automatic enrollment” into retirement plans. As… Continue reading SECURE 2.0 Act of 2022
Category: Tax
Tax Season For New Immigrants- Tips In Filing Taxes
Resident aliens are on their way to becoming US citizens, and an important step in that process is to become familiar with US taxes. Immigrants First Year Tax Responsibilities Immigrants and students, and foreign nationals who are in the USA are eventually faced with the situation that they are required to pay US income taxes. … Continue reading Tax Season For New Immigrants- Tips In Filing Taxes
Don’t Let Your Passport Get Taken Away if You Owe Back Taxes
The Transportation Funding Act of 2015 has a unique provision. Embedded deep within H.R. 22 is a provision that can cause taxpayers a bit of a headache. Basically it says that the IRS can notify the Secretary of State if a taxpayer has an outstanding balance of more than $50,000, then the Secretary of State… Continue reading Don’t Let Your Passport Get Taken Away if You Owe Back Taxes
Penalties for Failing to File a Zero Balance Return
CP504B
Links to Paying your Taxes Electronically
Here are some links to paying your taxes online IRS https://www.irs.gov/payments MICHIGAN https://treas-secure.state.mi.us/PayIncomeTax/PayIncomeTax.htm GRAND RAPIDS https://www.grandrapidsmi.gov/Payments/Income-Tax-Payments