Michigan Taxation Lawyers

Legal Articles

• Alternative Minimum Tax Means Required Maximum Effort to File!
  The National Taxpayer Advocate (NTA) of the IRS has labeled the Alternative Minimum Tax (AMT) “the poster child for tax-law complexity.”  Congress created the Taxpayer Advocate to make recommendations to Congress, and since 2001 the NTA has advocated for Congress to either completely repeal the AMT or index it with inflation.  Congress has yet to act on either … more
• The Mortgage Forgiveness Debt Relief Act of 2007
  In December 2007, the federal government enacted the Mortgage Forgiveness Debt Relief Act. The Act was meant to provide tax relief to taxpayers who had debt forgiven on their primary residence and to help struggling homeowners.    The Purpose of the Mortgage Forgiveness Debt Relief Act   The idea behind the law was to help homeowners avoid foreclosures by not taxing them … more

Legal Guides

• Canceled Debts, Foreclosures, Repossessions, and Abandonments (IRS Publication 4681)
  This publication explains the federal tax treatment of canceled debts, foreclosures, … more

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