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Standard Mileage Deduction vs. Actual Auto Expenses
If you’re self-employed and spend a significant portion of your business day driving from Point A to Point B, it’s crucial that you track your …
Accounting for Rental Properties: What You Need to Know
Nobody loves filing their taxes, especially when you need to account for rental properties. This task can come with a major learning curve, especially for …
1031 Exchange: What Real Estate Investors Need to Know
As you sign the last piece of paperwork to relinquish the property you’ve been working hard to sell for months, and you feel a wave …
What Is a Revocable vs Irrevocable Trust in Estate Planning
Did you know that probate can take a good 3 to 7% of an estate’s value? This is because the court proceedings are lengthily and therefore costly, …
How to Track Your Income and Expenses
Introduction Is the fear of financial tracking and recordkeeping holding you back from starting your side hustle? Or maybe you’ve been in operation for a …
Why Do You Need an Accounting Software?
Imagine spending hours of your precious time counting beans the old-fashioned way, hard keying transactions one by one into a double-entry ledger. Or even worse… …
Individual Income Tax Update—Tax Year 2022
Individual Income Tax Update—Tax Year 2022 Taxes, they’re never fun. Every year we have to shell out a chunk of our hard-earned money to the …
How to Calculate and Pay Your Estimated Individual Income Taxes
How to Calculate and Pay Your Estimated Individual Income Taxes It’s mid-February and you’ve finally managed to gather all of your tax data and send …
Outsourcing Payroll – Top 8 Benefits to Your Business
Managing a business is a massive task, made up of many little ones that consume your time. With so many moving parts, it’s easy for …
Employee Retention Credit – Are You Eligible?
It’s no secret that retaining employees can be a challenge for businesses. In today’s competitive marketplace especially, good employees are in high demand, and it …
Importance of Accounting & Bookkeeping Services for Law Firms
Every business owner should maintain well-organized financial records, but for a law firm, the stakes are especially high. As in other industries, clean, detailed books …
Implications of Self-Employment-Benefits, Drawbacks, and Considerations
When you think about the traditional nine-to-five job, what comes to mind? A suit and tie? An office with a view? Or, maybe you think …
You can get fast answers about your refund by using the Where’s My Refund? tool available on IRS.gov and through the IRS2Go mobile app. All you need is your Social Security number, tax filing status and the exact amount of your refund.
IRS accept full and partial payments, including payments toward a payment plan (including installment agreement). Penalties and interest will continue to grow until you pay the full balance.
You can check your refund status online.
Please allow the appropriate time to pass before checking your refund status:
E-filed Returns: Allow 2 weeks from the date you received confirmation that your e-filed state return was accepted before checking for information.
Paper filed Returns: Allow 6 weeks before checking for information.
- Primary Filer’s Social Security Number (SSN)
- Primary Filer’s Last Name
- Tax Year
- Adjusted Gross Income (AGI) or Total Household Resources (THR)
- Filing Status
e-Payments Can Be Made For The Following:
- Michigan Individual Income Tax Return MI-1040 (current tax year only)
Select the payment type 2022 MI-1040 for the following type of payments:
- Payment for tax due on the 2022 MI-1040
- Payment in response to a 2022 Proposed Tax Due letter sent to you by the Michigan Department of Treasury
- Michigan Estimated Income Tax for Individuals MI-1040ES
Select the payment type 2023 Estimate- Estimated payments will apply to the quarter in which they are received. Any payment received after the due date will apply to the following quarter.
2023 Quarterly Estimate due dates:- 1st Quarter April 18, 2023
- 2nd Quarter June 15, 2023
- 3rd Quarter September 15, 2023
- 4th Quarter January 16, 2024
- Estimated payments will apply to the quarter in which they are received. Any payment received after the due date will apply to the following quarter.
- Michigan Individual Income Tax Extension
Select the payment type 2022 Extension- An extension of time to file is not an extension of time to pay
- Late filing penalty and interest will accrue on the unpaid tax from the original due date of the return
2022 tax filing season begins Jan. 24; IRS outlines refund timing and what to expect in advance of April 18 tax deadline
In 2021, the tax brackets as charged by a percentage of taxable income.
In 2022 tax year, the IRS has released updated income tax bracket figures. Here are the new 2022 Individual Income Tax brackets.