Resources & Insights

Many Michigan families set up SLATs and dynasty trusts in 2024 and 2025 to lock in the federal estate exemption before the scheduled 2026 sunset. The One Big Beautiful Bill Act killed the sunset and made the exemption permanent at $15 million. Some of those trusts are now over-engineered. Here is when to modify, when to unwind, and when to leave the trust in place.

The One Big Beautiful Bill Act raised the federal SALT cap from $10,000 to $40,000. Many Michigan flow-through entities elected the state PTET when the cap was tight. The election may no longer make sense in 2026 and 2027. Here is the math, and how to decide whether to keep, revoke, or pause your election.

2025 was the first year crypto brokers issued Form 1099-DA. Most of those forms are missing basis or report it incorrectly. If you already filed your 2025 return and your broker's number disagrees with what you reported, here is what to do, when to amend, and how to avoid the CP2000 notices that are coming.

If you are selling your business, the deal structure matters as much as the price. Here is what asset sale, stock sale, and Section 338(h)(10) actually mean for your tax bill, written for owners who are not tax specialists.

State tax agencies are running returns through machine-learning systems and issuing audit letters within days of filing. The early letters we are seeing are going to people who prepared and filed their own returns, almost all with Schedule C income.

The One Big Beautiful Bill Act introduces major tax changes for 2026, including no tax on tips, no tax on overtime, and a permanent $15 million estate tax exemption. Here is what Michigan taxpayers need to know.

The IRS workforce dropped from over 100,000 to around 74,000 employees. For taxpayers with pending cases, audits, or collection issues, this creates both challenges and strategic opportunities.

An Offer in Compromise lets you settle your IRS tax debt for less than the full amount owed. This guide covers eligibility, the application process, realistic acceptance rates, and how to build the strongest case.

The One Big Beautiful Bill Act made the higher estate tax exemption permanent at approximately $15 million per person. But estate planning still matters for almost everyone, and some existing plans need to be revisited.

Receiving an IRS audit notice can be overwhelming. Learn the critical first steps you should take, what the notice means, and how to protect your rights from the start.

Understanding the differences between wills and trusts is fundamental to protecting your family and assets.

Michigan probate can be a lengthy and complex process. Learn what to expect and how to work through it.

Certain activities on your tax return are more likely to attract IRS attention. Learn the most common triggers.

If the IRS has issued a notice of deficiency, you may have the right to petition the U.S. Tax Court.

Michigan property tax valuations can often be outdated or inaccurate, especially when property prices are falling. Learn how to challenge your assessment and potentially reduce your tax bill.

Michigan has approved competing bills in the Senate and House offering new tax breaks for retirees with public pensions and retirement accounts. Here's what you need to know.

A case study on how life insurance proceeds can affect the estate tax valuation of closely held business shares, and what business owners need to know.

Treasury and the IRS released proposed regulations on estate deductions for funeral expenses, administration costs, and claims. Here's what estate planners need to know.

Treasury and the IRS proposed regulations on the basic exclusion amount for estate and gift taxes, with important implications for gifts made before the BEA reduction on January 1, 2026.

Michigan sales and use tax audits are increasing. Learn what to expect during the audit process and how to challenge an assessment effectively.