State of Michigan Offer In Compromise Overview For taxpayers and businesses State of Michigan back taxes are stressful. They’re inundated with letters and notices containing threats of levy, lien, warrant or garnishment. For those with limited assets and future income prospects an offer in compromise (OIC) may be the solution to pay off the liability and...
Recent cases from Illinois and Ohio regarding the withholding of income taxes offer insights into who the responsible person rules apply to at the state level. Illinois Responsible Party In 2020 the Illinois Independent Tax Tribunal found that the president of a healthcare corporation was a personally liable responsible officer for unpaid Illinois income withholding tax in 2013...
Michigan Tax Offset Overview The U.S. Treasury Offset Program (TOP) is used by the State Of Michigan to collect back taxes among other things. Michigan Department Of Treasury (MDOT) collaborating with TOP intercepts federal tax refunds and federal payments to pay Michigan unpaid taxes. As a result, Michigan Taxpayers have their Federal refunds and Federal payments...
When taxpayers owe taxes to the State of Michigan, they will receive a letter of inquiry, notice of intent to assess and or a bill for taxes due. When taxpayers are unable to pay these unpaid taxes and has received these letters it’s in their best interest to explore ways to resolve how best to...
For taxpayers with IRS back tax issues the Partial Pay Installment Agreement (PPIA) and Regular Installment Agreement (IA) are frequently utilized resolution options. Let’s compare these two resolution options and their qualification criteria.The regular IA applies to the taxpayer that has income and or assets which would be deemed adequate to pay off their back...
