As the adage goes, there are only two sure things in life – death and taxes. While no one can escape death, if you have unpaid tax liabilities to the IRS or State of Michigan that you simply cannot satisfy, we may be able to help. The attorneys at Damon, Ver Merris, Boyko & Witte, PLC have assisted many individuals, over the years, in making successful installment payment plans or Offers-in-Compromise that have allowed individuals to satisfy their tax obligations for a fraction of what is owed. Likewise, if you feel you had nothing to do with the tax debt at issue we may be able to assert an innocent spouse defense that, if proven, could get you off the hook for some, if not all, of the taxes involved.
Property Tax Bills
If your property tax bill has suddenly “gone through the roof” we may be able to make an appeal to the appropriate local authorities or the State Tax Tribunal to seek appropriate relief.
Real Estate Transactions With Family
If you are contemplating engaging in a real estate transaction with family members, it may be quite important to handle the transfer(s) in such a manner so as to preclude an “uncapping” of the taxable value of such property. While the law and statutes in this area continue to evolve, the attorneys at Damon, Ver Merris, Boyko & Witte, PLC keep abreast of the changes and can advise you as to how to best handle such matters.
While the federal estate tax no longer applies to most individuals given the present exclusion of almost 5.5 million dollars of assets (double that for married couples) from tax in 2016, tax planning is still important for second marriages, gifting, charitable, and other purposes. If you believe you have a tax issue of this nature, the attorneys at Damon, Ver Merris, Boyko & Witte, PLC are here to help.
Damon, Ver Merris, Boyko & Witte, PLC
825 Parchment Drive S.E. Suite 100, Grand Rapids, MI 49546-2382