Tag: Tax Law

The Dingeman & Dancer Blog consists of articles, news, and press releases written and edited by the attorneys and legal professionals at our firm, providing updates on both recent legal developments and established advice and guidance. Choose from the various topics listed in the sidebar menu to narrow in on a particular focus.

Navigating Real Estate Transactions in Traverse City: A Guide to Property Tax Capping

Traverse City, Michigan, and its surrounding areas are known for their vibrant real estate market, offering a mix of picturesque waterfront properties and cozy family cottages. Amidst this bustling market, understanding the intricacies of property tax capping becomes essential for buyers, sellers, and inheritors alike. Michigan’s property tax capping laws are designed to keep property…

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Guide to Charitable Giving

Continuing the upward trend, charitable giving in the United States increased to $373.25 billion in 2015 (2.1% of GDP). Over the past two years alone, total giving to charitable organizations has increased over 10%. This increase and the overall size of charitable contributions is a testament to the integral role charities play in our society, a role which…

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Charitable IRA Rollovers

Author: Benjamin W. Bryant J.D., University of Michigan Law School What are two things that most retirement-aged individuals value? Charitable donations and tax breaks! Well, maybe not everyone shares the same enthusiasm for philanthropy and avoidance of the Internal Revenue Code, but for those of you who are interested in these exciting topics, it’s time…

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Second Chance for Manufacturers to File Personal Property Tax Exemptions

Gov. Rick Snyder recently signed legislation that gives Michigan manufacturers a second chance to file (or re-file—if denied) their annual personal property tax (PPT) exemptions. Manufacturers now have until May 31 to file their exemptions with their local assessing office. Under the changes to Michigan’s PPT laws approved by voters in 2014, manufacturers can potentially…

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New Law May Result in Tax Refunds for Michigan Home Sellers

Author: Daniel J. Dingeman This past year, the Michigan Supreme Court opened the door for many more Michigan homeowners to be eligible for a significant tax refund from the State of Michigan. In Gardner v. Department of Treasury, the Court reversed a lower court’s decision that the state real estate transfer tax exemption only applies…

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