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Business Travelers: Take Note of Updates to Per Diem Rates

Michigan Business Network
January 21, 2020 11:00 AM

Business travelers: Take note of updates to per diem rates

The IRS recently issued guidance on how businesses, self-employed individuals and qualified employees can use the per diem rules to substantiate their business travel expenses for tax purposes. The guidance in Revenue Procedure 2019-48 modifies 2011 guidance to reflect changes made by the Tax Cuts and Jobs Act (TCJA).

The per diem rules themselves haven’t significantly changed. Primarily, RP 2019-48 deletes guidance for taxpayers who, before the TCJA, were allowed to deduct certain unreimbursed business travel expenses. Here’s a refresher on what changed under the TCJA and the rules for using per diem rates.

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Treasury: 1099-G Forms Being Sent to Some Taxpayers

Michigan Business Network
January 17, 2020 1:00 PM

State Income Tax Refund Information Needed for Itemized Federal Income Tax Return

LANSING, Mich. – Michigan taxpayers who received a state income tax refund and filed an itemized federal return last year will be receiving their Substitute Form 1099-G through the U.S. Postal Service, according to the Michigan Department of Treasury.


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Treasury: Scammers Using Fake Letters in Collections Scam

Michigan Business Network
January 3, 2020 5:00 PM

Aggressive Letters Threaten to Seize Property, Social Security Benefits to Collect Past-Due Tax Debts

LANSING, Mich. – Michigan taxpayers with past-due tax debts should be aware of an aggressive scam that’s making the rounds through the U.S. Postal Service, according to the Michigan Department of Treasury (Treasury).

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Treasury: Business Taxpayers Reminded About Wage Statement Due Date

Michigan Business Network
January 2, 2020 2:00 PM

Wage Statements Must Be Submitted by Jan. 31, 2020

LANSING, Mich. -- Business taxpayers are reminded that they must submit their wage statements — such as W-2, W-2G, 1099-R and 1099-MISC — to the Michigan Department of Treasury on or before Jan. 31, 2020.

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Senator Gary Peters | Peters Provisions to Preserve Great Lakes, Lower Prescription Drug Costs for Michiganders Signed into Law

Michigan Business Network
December 23, 2019 5:00 PM

Measures Peters Led and Supported in Final Government Funding Bill Include Increased Great Lakes Funding, Expanded Resources for Fisheries Programs, and Lower Prescription Drug Costs

DETROIT, MI – Provisions led and supported by U.S. Senator Gary Peters (MI) to strengthen Great Lakes protection, restoration and fisheries programs, and to lower prescription drug costs for Michiganders were signed into law last night as part of the government funding bill for Fiscal Year 2020.

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AG Nessel Issues Consumer Alert on Credit Card Reader Scam

Michigan Business Network
December 20, 2019 5:00 PM

LANSING – As consumers scramble to finalize their holiday shopping, Michigan Attorney General Dana Nessel today issued a consumer alert urging credit card users to be mindful of a new scam where thieves collect personal information when swiping their card.

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Treasury: Prepare Today for the 2020 Filing Season

Michigan Business Network
December 19, 2019 9:00 AM

Gathering Documents, Updating Addresses Today Makes Filing Returns Easier

LANSING, Mich - With the state income tax filing season beginning in late January 2020, the Michigan Department of Treasury is asking taxpayers to take a couple of actions today to ensure returns are processed promptly.

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Senator Gary Peters | Peters Introduces Bipartisan Bill to Save Taxpayer Dollars & Reduce Government Waste

Michigan Business Network
November 22, 2019 11:00 AM

WASHINGTON, DC – U.S. Senators Gary Peters (D-MI), Ranking Member of the Senate Homeland Security and Governmental Affairs Committee, and James Lankford (R-OK) introduced bipartisan legislation to help save taxpayers billions of dollars by changing the way the federal government acquires real estate. The bill would allow federal agencies to purchase properties at a bargain price when it would be more cost effective than long-term leases. U.S. Representatives Greg Pence (R-IN) and Mark Meadows (R-NC) introduced companion legislation in the U.S. House of Representatives.

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MI Attorney General: Issues Consumer Alert on Active Spoofing Scam Targeting Michigan Residents

Michigan Business Network
November 22, 2019 10:00 AM

LANSING – Michigan Attorney General Dana Nessel today issued a consumer alert to advise Michigan residents of an illegal robocall scam where the callers are representing themselves as employees of the Office for Victims of Crime federal agency. The scam artists are using spoofing technology, which allows them to appear as a local caller in an attempt to steal personal information, including Social Security Numbers, from Michigan residents.

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Senator Gary Peters | Peters Urges Trump Administration to Lift Benefits Freeze for Vietnam Veterans Exposed to Agent Orange

Michigan Business Network
November 15, 2019 10:00 AM

WASHINGTON, DC – U.S. Senator Gary Peters (MI) is pressing the Trump Administration to reverse their decision to delay and deny healthcare and benefits for veterans who were exposed to Agent Orange during the Vietnam War. In a letter to Department of Veterans Affairs (VA) Secretary Robert Wilkie and Office of Budget and Management Director (OMB) Mick Mulvaney, Peters stressed that a new law passed by Congress and a federal court decision granted VA authority to provide benefits for additional Vietnam veterans. He also mentioned a Freedom of Information Act request that found OMB blocked the VA from adding more diseases connected to Agent Orange exposure, such as hypothyroidism, bladder cancer, hypertension, and Parkinsonism, to the list of presumptive illnesses eligible for coverage. The Administration’s stalling impacts more than 80,000 Vietnam veterans who are suffering from these health conditions.

 

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