Tag: income tax
Department of Defense offers free tax filing resources for military members
Active military service can pose challenges during tax filing, especially for deployed or intensely training service members. The MilTax program, administered by the Department of Defense, aims to alleviate these challenges by providing free tax return preparation and e-filing software...
“Snowbirds” may want to establish residency in their low-tax Florida winter destination
Florida's sunny winter climate is not its only attraction for retirees from chilly northern climates; Florida is also one of only nine states without an income tax. For "snowbirds" who summer in a high-tax state up north, there is a...
IRS waives penalty for underpayment of estimated income tax
The IRS recently announced that it will waive the Section 6654 penalty for the underpayment of estimated income tax for certain individuals who would otherwise be required to make estimated payments on or before January 15, 2019. The waiver is...
Where services revenue is sourced has changed for Michigan cities
The rules for where city sales for service-based businesses are sourced has changed, but the city of Detroit may appeal it. Honigman, the largest law firm in Detroit, wanted to source its services not based on where its attorneys were...