JWM - Publications 

 We work year around answering tax questions, drafting advisory letters, presenting and coproate and tax seminars and making appearances before the Internal Revenue Service..

2016 Tax Checklist

 

1. Get your Personal Information in OrderYour social security number or tax ID numberYour spouse's full name and social security number or tax ID numberAmount of any alimony paid and ex-spouse's full name and social security numberYour tax returns for the previous three years. Your Tax Professional can check them for accuracy

2. Identify exemptions 

...

11. Other Deductions and Credits

  • Receipts for classroom expenses (for educators in grades K-12)

  • Form 5498-SA showing HSA contributions

  • Record of moving expenses not reimbursed by employer

  • Forms 1098 or other mortgage interest statements

  • Amount of state/local income tax paid (other than wage withholding), or amount of state and local sales tax paid

​...

Tax Tips After January 1, 2016

 

Updated for Tax Year: 2015

 

If you think your tax bill is chiseled in stone at the end of the year, think again. Though it’s true that most money-saving options to defer income or accelerate deductions become much more limited after December 31, there is still a lot you can do to make the tax-filing season cheaper and easier.

 

Some strategies can help you lower your taxes, sometimes by thousands of dollars. Some help you save time and money when preparing your tax return. Other strategies help you avoid costly penalties and interest on both federal and state taxes. All in all, these 10 steps will lower your blood pressure while keeping more money in your pocket:

 

1. Contribute to Retirement Accounts – By April 15, 2015

 

FAQ  - Affordable Care Act

 

Q1. Will I have to have health insurance in year 2015?

A1: Decide if you need help-YES

 

In most case, Effective January 2014, the Affordable Care Act requires you to have “minimum essential” health insurance if you are a U.S. citizen or legal resident. Your dependents must also be covered.

 

Exemptions will be allowed for: 

The Tax Bible

 

Written by pastor and tax specialist William Mosley, the Tax Bible is the only guide that offers special insight into the urban ministry and last minute tax law changes.

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J. Walter Michael & Associates


Tel: 313-608-0731
Email: cpa719@gmail.com
Address731 Virginia Park

Detroit, Mi 48202

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