Tax & Accounting Blog

Ask the Expert: Is it a problem that we have received a Form W-9 with a taxpayer ID number starting with a “9”?

Ask the Expert: Is it a problem that we have received a Form W-9 with a taxpayer ID number starting with a “9”?

Question: Is it a problem that we have received a Form W-9 with a taxpayer ID number starting with a “9”? Answer from Marianne Couch of COKALA Tax Information Reporting Services: Not all TINs beginning with a “9” are a problem. It is true that social security numbers (SSNs) never begin with a “9”. When … Read More

Things to Consider for Value and Protection of Net Operating Losses

Things to Consider for Value and Protection of Net Operating Losses

Co-Authored by Byron Hamlett & Gregory Fairbanks Have you recently given careful consideration to the value and protection of Net Operating Losses? With the downturn in the economy in late 2008, many companies have been generating net operating losses (“NOL”s).  As the economy improves, companies are beginning to utilize NOLs.  However, such NOLs may not … Read More

Michigan Exempts Taxes on New Construction on Development Property

Michigan Exempts Taxes on New Construction on Development Property

The State Tax Commission released a bulletin explaining Public Act 494 of 2012, which exempts new construction on development property from school operating taxes levied after November 1, 2012 for three years or until the construction is not located on development property.  For more information, such as exemption filing information, read the bulletin here: Read More