Skip to main content

Tag: Tax

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.

Guide to Charitable Giving

Author: W. Dane Carey 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,…

Read More

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…

Read More

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…

Read More

New Uncapping Exemption for Ladybird Deed Transfers

Author: W. Dane Carey We recently posted an article that outlined new exemptions for residential real estate owners to transfer property to relatives without triggering an “uncapping” of the property taxes. Following that recent change in Michigan law, there was some debate within the legal community regarding the continued viability of transfers via one popular estate…

Read More

New Exemptions to Avoid Property Tax Uncapping

Author: W. Dane Carey A recent change in Michigan law offers important new planning opportunities for owners of cottages and other residential family property. The change has made it significantly easier to transfer residential real estate (including recreational lands) from one generation to the next without unfavorable tax consequences. Specifically, the recently enacted law provides new…

Read More