Tag: tax
Explaining the taxability of professional athletes
Nonresident professional athletes must use the "duty days" method to determine the amount of income tax due to Michigan. Personal Service Income The formula for calculating the income tax due, is the player's personal service income multiplied by a fraction,...
2019 filing season may be delayed, according to TIGTA
According to a report recently released by the Treasury Inspector General for Tax Administration (TIGTA), the 2019 filing season may be delayed. Here’s why. To implement the Tax Cuts and Jobs Act (TCJA), the IRS will need to create or...