Lothamer Tax Resolution News

State of Michigan New Offer in Compromise

2014-07-30T15:13:16+00:00

A New Opportunity for Tax Debt Relief to State of Michigan Taxpayers

On July 27, 2014, Michigan Governor Rick Snyder signed into law legislation which--for the first time--will allow the Michigan Department of Treasury to accept Offers in Compromise from delinquent tax payers.

The new Michigan Offer in Compromise law goes into effect on January 1, 2015 and will allow taxpayers to compromise taxes owed to the State of Michigan if they qualify by one of the three ways:

Lothamer announces grand opening of tax resolution office in Lansing

2014-07-29T21:08:24+00:00

LANSING, Mich.— Lothamer Tax Resolution announced the grand opening of its new Lansing office to be held on Sept. 12, 2013 at two o’clock p.m. Lothamer expects Lansing Mayor Virg Bernero to be in attendance for the ribbon cutting. The new office is located at 3626 Dunckel in Lansing, Michigan.

Lothamer is thrilled with renovation of the building and is expecting the transformation of the former Clarion Hotel into the House, a new student oriented housing development by Keith Brenan and Bob Wolkoff to be spectacular as well. Mr. Brenan and Mr Wolkoff are expected to be in attendance as well.

Frequently Asked Questions: Michigan Offer in Compromise Program

2014-07-28T15:35:01+00:00

Michigan Governor Rick Synder signed HB 4003 on June 27, 2014. Sponsored by Rep. John Walsh, the bill allows the Department of Treasury to “forgive taxes if the taxpayer did not owe the amount initially due or is unable to pay the tax.” Lothamer President Jesse Lothamer has personally worked on HB 4003 over the past three years.

Tell me about the Michigan Offer In Compromise (OIC) bill that Governor Synder signed into law; what is it and why is it important for Michiganders?

House Bill 4003 amends the Revenue Act to establish an offer-in-compromise program, which authorizes the State Treasurer to compromise the payment of a tax, unpaid account, or amount due the State subject to administration under the Act, if a) doubt exists as to the taxpayer’s liability or collectability or b) there is a substantial probability that a compromise would further the fair and efficient administration of the tax.
The bill also does the following:

Wheres My W-2?

2014-07-28T14:59:52+00:00

With tax season quickly approaching, its important to remember to get your W-2 before January 31st. This will make doing your current year taxes quick and easy.

Unfortunately, this isnt such a quick and easy task when youre looking for a W-2 from last year, or for some people, ten years ago. We understand that there are people who havent filed their taxes in years, and while they are ready to lift this lingering burden off of their shoulders, they dont even know how to start because they have since misplaced their past W-2s.

Governor Rick Snyder

2014-07-21T20:38:42+00:00

Governor Rick Snyder recently signed Michigan’s Offer in Compromise Bill into law. The new law will allow Michigan taxpayers to compromise taxes owed to the State of Michigan, and takes effect January 1, 2015.

Lothamer to expand tax help by opening new Lansing location

2013-07-29T21:05:00+00:00

LANSING, Mich.— Lothamer announced today that it will open a new office in Lansing. The new office is located at 3626 Dunkel Road. This new location will replace the previous location of 215 South Washington Street.

Lothamer’s move is part of an overall initiative to expand its tax resolution services to Michigan residents and businesses, and grow its client base. Over the years, Lothamer has expanded to eight office locations in Ann Arbor, Flint, Grand Rapids, Kalamazoo, Lansing, Livonia, Troy and Southfield. The new Lansing office location will provide an opportunity to increase staff and services for clients in need of tax help.

Is Michigan Ready for Offer In Compromise?

2013-07-10T16:51:00+00:00

For years, Offer in Compromise (OIC) has been used as a means of collecting some portion of delinquent taxes owed when the taxpayer simply cannot afford to pay the entire debt. This program has resulted in taxpayers being able to recover from significant financial difficulties and get a “fresh start” on the future.

This has not been the case for Michigan residents and businesses owning the state of Michigan back taxes. Often, tax liabilities in Michigan go uncollected; the taxpayer suffers the ongoing collection calls and enforcement and the State of Michigan gets nothing.

IRS Announces Expanded “Fresh Start” Initiative to Help Struggling Tax Payers

2012-03-20T11:16:20+00:00

LANSING, MICH
Lothamer, the largest Tax Resolution firm in Michigan, provides assistance to qualified taxpayers under the newly implemented IRS program “Fresh Start”. Unlike other national tax representation firms, Lothamer provides localized Michigan tax help for the “Fresh Start” tax penalty relief initiative.

The “Fresh Start” initiative, announced March 7th, helps struggling taxpayers through a number of channels, one being the abatement of the failure to pay penalty from the 2011 tax year until October 15th, 2012. Due to failure-to-file penalties not being omitted, the IRS urges taxpayers to file 2011 returns by April 17th, 2012, or file an extension to mid-October. Taxpayers qualifying for penalty relief include wage earners having been unemployed for a minimum of 30 consecutive days during 2011 or up through April 17th, 2012, as well as self-employed individuals that experienced at least a 25% reduction in business income due to economy-related issues

JK Harris Turns Off Phone and Tax Help

2012-01-11T15:05:00+00:00

We received a phone call the other day from a man wondering if we could connect him to JK Harris. He had been calling JK Harris, never getting connected, and he needed an update on his account with them. The Lothamer employee who answered was confused, and apologized telling this man that we are not affiliated with JK Harris, but if he needed any tax help in the future to give us a call back and that wed be happy to help him. After this conversation, the Lothamer employee tried calling the national JK Harris number as well as a few local numbers, and none of them even rang.

Give the Gift of Tax Help

2011-12-16T10:56:06+00:00

The holiday season can be stressful. With crowded malls, searching long and hard for the right gifts, staying within budget, and making sure you dont forget anyone on your holiday card list – sometimes the cheer is taken right out of the season. Now imagine how much harder all of that would be if you had a levy on your bank account? Or, if the IRS was flooding your mailbox with overdue tax notices?

Talk about taxing.

IRS working to speed up release of tax liens

2011-09-11T14:49:55+00:00

Are you currently in the process of trying to sell or refinance your home, or thinking about doing so? It’s difficult enough to sell a home in the current economy, but if you have a tax lien, it can be that much tougher. Many people may need to sell their home because they have been forced to relocate for employment reasons. Or perhaps you’re trying to sell or refinance to get out from under a payment you can’t afford. Whatever the reason, most sellers will want to attempt to get their homes sold prior to Dec. 1, so that potential buyers can take advantage of the tax credit for first-time home buyers.