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Tax Alerts

Michigan offers unclaimed property voluntary disclosure program
With the state of Michigan focusing increasing attention on the reporting of unclaimed property by businesses, the number of unclaimed property reporting audits is likely to increase. In tandem with this effort, the Michigan Department of Treasury (MDOT) has started to mail out tax notices to taxpayers informing them of a new limited duration voluntary disclosure program.

Recent Tax Alerts

Extra year of 100 percent bonus depreciation for certain property September 19, 2011

How the debt ceiling debate may affect your taxes August 9, 2011	Wisconsin jobs creation deduction enacted, effective for the 2011 tax year June 16, 2011

Michigan enacts major business tax reform along with other tax changes June 2, 2011	Foreign bank account reporting (FBAR) requirements and opportunity May 10, 2011

Michigan launches temporary tax amnesty program May 4, 2011	Expanded 1099 reporting requirements repealed April 15, 2011

Section 501(c)(7) organizations: Don’t lose your tax-exempt status February 18, 2011	Implications of the Illinois tax increase January 14, 2011

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 Passes December 17, 2010	Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 December 15, 2010

More Roth opportunities in the recent Small Business Jobs Act October 29, 2010	Opportunities might be closing soon – or be greatly reduced – for certain wealth transfer strategies October 18, 2010

IRS releases final schedule to report uncertain tax positions October 8, 2010	Small Business Jobs Act of 2010 September 28, 2010

District Court Clarifies Calculation of Gross Receipts for Research Credit July 14, 2010	Illinois Grants Residents Relief on Back-to-School Purchases July 12, 2010

Michigan Discovery and Tax Enforcement Seeks Out-of-State Companies Not Filing Tax Returns July 9, 2010	Deadline for Foreign Bank and Financial Accounts Form June 24, 2010

Baker Tilly Comments on Proposed Schedule UTP June 18, 2010	United States v. Textron June 1, 2010

DC, Maryland, and Virginia Tax Legislation Update May 28, 2010	Treasury and IRS release Therapeutic Research Credit Program guidelines and deadlines May 27, 2010

More recent tax news
Revised Carried Interest Law Could Become Effective Soon May 26, 2010	New Rules for Health Coverage of Children Under Age 27 May 21, 2010

Opportunity for Maximizing IC-DISC Tax Benefits May 19, 2010	IRS Enforcement of Section 409A May 12, 2010

Argentina Research and Development (R&D) Tax Credits April 29, 2010	IRS Releases Draft Schedule to Report Uncertain Tax Positions April 28, 2010

Opportunities and consequences of recent changes in gift, estate, and generation-skipping taxes March 14, 2011	Qualifying Therapeutic Discovery Project Credit April 7, 2010

Minnesota Governer Signs "Jobs Bill" into Law April 6, 2010	Maryland Credit for Hiring Unemployed Workers April 3, 2010

Patient Protection and Affordable Care Act - What does it mean to you? March 26, 2010	2010 Jobs Legislation News March 25, 2010

Aggressive New Colorado Sales Tax Rules Impact Out-of-State Retailers March 24, 2010	U.S. Census Bureau has begun Business R&D and Innovation Survey March 23, 2010

U.S. v. Quality Stores, Inc.: Certain Severance Payments Not Subject to FICA March 19, 2010	New Michigan Department of Teasury notice creates exposure for companies with disregarded entities February 26, 2010

2010 European Union Value Added Tax (VAT) rule changes: Considerations for companies doing business in Europe December 18, 2009	Revenue Procedure 2009-52 provides guidance on Five-Year NOL Carryback November 24, 2009

Tax savings opportunities through the Worker, Homeownership, and Business Assistance Act of 2009 November 16, 2009	Everyone should be aware of opportunities to convert to Roth IRAs in 2010 November 2009


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