World Class Certified Public Accountants

Serving Detroit and Southeast Michigan for 30 years

Time for a “Paycheck Checkup”

The IRS encourages everyone to use the Withholding Calculator to perform a quick “paycheck checkup.”  This is even more important following the recent changes to the tax law for 2018 and beyond. The Calculator will ask you to estimate values of your 2019 income, the...

How to avoid costly tax traps with inherited IRAs

By Liz Farr, CPA September 5, 2017   Over the next few decades, the Gen X and Millennial generations will be the recipients of one of the greatest wealth transfers in history. A portion of that will be in the form of IRAs from their parents, grandparents, and...

Ten Key Tax Facts about Home Sales

In most cases, gains from sales are taxable. But did you know that if you sell your home, you may not have to pay taxes? Here are ten facts to keep in mind if you sell your home this year. Exclusion of Gain.  You may be able to exclude part or all of the gain from the...

2nd Quarter 2014 Client Tax Letter

To our clients, We are pleased to share this newsletter with our clients.  Please contact us to discuss your specific accounting and tax needs. Client Tax Letter_2014 2nd Quarter Kirk This CPA Client Tax Letter is provided by Kirk M. Carlson, CPA, PC to its clients...

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