- Name: Milt Baker CPA
- Location: Westland, Michigan, United States
Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL -email@example.com **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: http://www.blognetnews.com/accounting (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes
Monday, April 30, 2007
Sunday, April 29, 2007
Saturday, April 28, 2007
Under $25,000 - 1-94
25,000-100,000 - 1-140
Above 100,000 - 1-59
Above 1,000,000 - 1-16
New York Times
Friday, April 27, 2007
Michigan Democratic Party - Statement On Web Site
Thursday, April 26, 2007
Have you been dreaming about using your tax refund to buy that shiny new plasma TV? Don’t do it, cautions the Michigan Association of CPAs.
The period of limitations is the period of time in which you can amend your tax return to claim a credit or refund, or that the IRS can assess additional tax. The information here contains the periods of limitations that apply to income tax returns. Unless otherwise stated, the years refer to the period after the return was filed. Returns filed before the due date are treated as filed on the due date.
Internal Revenue Service
Saturday, April 14, 2007
In order to educate taxpayers regarding their filing obligations, this fact sheet, the eleventh in a series, explains the rules for determining if an activity qualifies as a business and what limitations apply if the activity is not a business. Incorrect deduction of hobby expenses account for a portion of the overstated adjustments, deductions, exemptions and credits that add up to $30 billion per year in unpaid taxes, according to IRS estimates.
Wednesday, April 11, 2007
If you’re getting ready to file your 2006 tax return, you’ll want to be sure you’re taking advantage of all the deductions to which you are entitled.
Michigan Association of CPAs
Tuesday, April 03, 2007
The next four-month enrollment period for the Michigan Education Trust (MET) prepaid tuition program opens April 1 and runs through July 31, 2007. A MET contract locks-in tomorrow's tuition at today's rate for any of Michigan's public colleges and universities. MET contracts are also portable to Michigan private and out of state institutions.
When you’re doing your taxes, sometimes it makes sense to give up even the most popular tax breaks, explains Andrea Coombes on MarketWatch.com.
A senior tax analyst she spoke with says that “sometimes using an alternative approach can give you tax savings.”
Coombes offers seven situations where giving up a tax perk may save you money. For example, some higher-income parents may be better off not claiming personal exemptions for their college-age student. That’s because the student may be eligible for certain tuition credits. And in some cases, married couples may be better off filing separately. Read the full story here.
The e-mails direct the consumer to a Web link that requests personal and financial information, such as Social Security, bank account or credit card numbers. The practice of tricking victims into revealing private personal and financial information over the Internet is known as “phishing” for information.
Monday, April 02, 2007
Don’t be fooled by its name. The Pension Protection Act of 2006, signed into law last August, includes a number of tax law changes that have nothing to do with pensions.
Michigan Association of CPAs
“Many taxpayers are missing out this year on the special telephone excise tax refund and other benefits such as the Earned Income Tax Credit,” IRS Commissioner Mark W. Everson said. “If you don’t claim it, you don’t get it. That’s money down the drain for millions of Americans.”