World Class Certified Public Accountants

Serving Detroit and Southeast Michigan for 30 years

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 other...

2017 Tax Filing Season Opens Today

The Internal Revenue Service said today that it successfully started accepting and processing 2016 federal individual income tax returns on schedule. More than 153 million returns are expected to be filed this year. People have until Tuesday, April 18, 2017 to file...

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...

Pin It on Pinterest