Timely Information About Estate Tax Planning
How the new portable estate tax exclusion affects planning for married couples Effective for estates of decedents dying after 2010 and before 2013, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (2010 Tax Relief Act) allows a deceased spouse's unused exemption to be shifted to the surviving spouse. This Practice Alert…
Timely Information About Cost Segregation
Careful allocation between 1245 and 1250 property can boost first-year depreciation write-offs Businesses interested in maximizing their first-year write-offs have a powerful incentive to place new assets in service this year. Under Code Sec. 168(k), they can write off 100% of the cost of qualifying assets in the placed-in-service year. Most building costs are long-lived…
March 2011 Client Bulletin
The March 2011 Client Bulletin is now available. Please click on the link below to view the full issue. This month's issue contains the following articles. Income Tax Rates Hold Steady Easing the Burden of Estate Tax Tax Calendar For more information about these topics, please contact our professionals at 810-238-4617.
Reforming Michigan’s Tax Structure
Michigan's current system of business taxes, particularly the Michigan Business Tax (MBT), is highly complex, and includes an intricate web of incentives, credits, and deductions that unfairly favor some businesses or industries over others, hurts Michigan businesses, and hampers job growth. Replacing the MBT with a simple, fair, and efficient Corporate Income Tax will even…
February 2011 Client Bulletin
The February 2011 Issue of the Client Bulletin is now available. Please check out the publication for timely financial information that could affect you. The publication includes the following articles: Businesses Get the Green Light for Going Green Socially Responsible Investing Gains Ground Tax Calendar
Lewis & Knopf CPAs, P.C. Announces New Principal
The local certified public accounting firm of Lewis & Knopf CPAs, P.C. is pleased to announce Jeffrey Sabolish, CPA, CFP has been named Principal effective January 1, 2011. “Over the years, Jeff has demonstrated the leadership, motivation, people skills and financial expertise necessary to be a strong firm leader,” says Anita Abrol, CPA, Managing Principal…
2010 Tax Act
The newly passed and signed 2010 Tax Act, formally named the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, includes several provisions that will affect taxpayers. The below link highlights key information from the Act that may affect you and your financial situation. If you have any questions about the Tax Relief Act…
January 2011 Client Bulletin
The January 2011 Client Bulletin is now available. Please click on the link below to view the full issue. This month's issue contains the following articles. Small Business Jobs Act of 2010 Lower Taxes May Mean More Jobs More Flexibility in Retirement Planning Tax Calendar For more information about these topics, please contact our professionals…
Financial Sense Blog
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November 18, 2025 - IRS Shifts to Paperless Refunds: What This Might Mean for You
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