On Vacation June 26 To July 17.
Postings May Be sporadic or none at all.

Milt Baker

Take a few minutes to complete the Michigan Governor’s Issues and Interests Survey. This will let her know what your priorities are and what you are most concerned about.

http://www.GranholmforGov.com/Survey

• New Online Business Registration

Employers may now register for Michigan business taxes using our new on-line e-Registration application

Michigan Department of Treasury

The Hybrid Vehicle Certifications recently acknowledged by the IRS and their credit amounts are:

Ford Escape Front WD Hybrid Model Year 2007 $2,600
Ford Escape 4 WD Hybrid Model Year 2007 $1,950
Mercury Mariner 4 WD Hybrid Model year 2007 $1,950

Internal Revenue Service

Summer Camp Tax Benefit

Don't forget that if you send your child or children (under age 13) to summer camp, the cost may count as an expense toward the Child and Dependent Care Credit.

You can claim the credit if you have to put your children in summer camp programs so that you (and your spouse if filing a joint return) can go to work or look for work. This is no different from when you pay for child care during the school year so you can work -- doesn't matter if the kid is having more fun in the summer. Your fun is getting the tax benefit if you qualify.

What's New At Michigan Treasury

• MET Board Sets 2006-'07 Enrollment Period MET to offer two four-month periods in fiscal year 2007.

• Treasury's Online Services A one-stop web site to find all of the services that the Department of Treasury offers on the internet.

Michigan Department of Treasury

Bartering Income

Bartering occurs when you exchange goods or services without exchanging money. An example of bartering is a plumber doing repair work for a dentist in exchange for dental services. The fair market value of goods and services exchanged must be included in the income of both parties

Internal Revenue Service

IRS - Frequently Asked Questions & Answers

Welcome to the Internal Revenue Service's general questions and answers section. Each year we update the answers to reflect the latest changes in tax regulations. These questions and answers came from taxpayers like you. We hope you find them helpful and informative.

Internal Revenue Service

Flag Day - June 14, 2006

"I pledge allegiance to my Flag and the Republic for which it stands-one nation indivisible-with liberty and justice for all."

Turn Sound On

Roth 401k

Check out this new online Guide to the Roth 401k.

Fairmark Press

New Tax Law

The Tax Increase Prevention and Reconciliation Act became law on May 17, 2006. Click here for a summary of key provisions

Fairmark Press

Michigan Department Of The Treasury

Internal Revenue Service

Official State of Michigan Web Site: Michigan.govHome

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FirstGov.gov - The US Government's Official Web Portal

FirstGov.gov is the official gateway to all US government information. On FirstGov.gov, you will find links to government news releases, federal forms, laws and regulations, phone directories and more. You can also search millions of web pages from federal and state governments, the District of Columbia and US territories.

Business Income And The Tax Gap

The Internal Revenue Service recently completed a National Research Program (NRP) reporting compliance study of individual taxpayers for tax year 2001. The study involved random selection of about 46,000 returns for review. The examinations generally concluded in the fall of 2004.

Seven Honda Vehicles Certified For New Energy Credit

The Internal Revenue Service has acknowledged the verification by American Honda Motor Company that seven of its vehicles meet the requirements of the Alternative Motor Vehicle Credit as a qualified hybrid motor vehicle

Other additions by the IRS:
2007 Toyota Camry Hybrid -- $2,600
2005 Toyota Prius -- $3,150
2006 Toyota Prius -- $3,150
2006 Toyota Highlander 4WD Hybrid -- $2,600
2006 Toyota Highlander 2WD Hybrid -- $2,600
2007 Lexus GS 450h -- $1,550
2006 Lexus RX400h 2WD -- $ 2,200
2006 Lexus RX400h 4WD -- $2,200
2006 Ford Escape Hybrid Front WD -- $2,600
2006 Ford Escape Hybrid 4WD -- $1,950
2006 Mercury Mariner Hybrid 4WD -- $1,950
2005 Honda Insight CVT -- $1,450
2006 Honda Insight CVT -- $1,450
2005 Honda Civic Hybrid MT and CVT -- $1,700
2006 Honda Civic Hybrid CVT -- $2,100
2005 Honda Accord Hybrid AT and Navi AT -- $650
2006 Honda Accord Hybrid AT w/updated calibration & Navi AT w/updated calibration -- $ 1,300

Retirement Living By State

If you plan to move to another state when you retire, examine the tax burden you’ll face when you arrive. State taxes are increasingly important to everyone, but retirees have extra cause for concern since their income may be fixed.

Retirementliving.com

IRS Expands Option For Direct Deposit Refunds

Hoping to encourage higher savings and more banking, the Internal Revenue Service has announced that it will create a new program to allow taxpayers who use direct deposit to divide their refunds in up to three financial accounts.

SEC Plans Attack On Elderly Scams

Scammers dupe the elderly with both legitimate products and out-and-out fraudulent ones, regulators say. The SEC's Richards says the agency gets "thousands and thousands" of complaints every year about either legal yet unsuitable investments or downright scams.

Securities and Exchange Commission