Frazier Law Legal Blog

FRAZIER LAW FIRM EXPANDS ITS service offerings in Michigan MIDLAND, Mich. – The Law Offices of Charles R. Frazier has expanded its practice in the Great Lakes Bay market to now include estate planning, elder law and business succession planning services. Adding to its existing tax planning, compliance and controversy services, the firm is now…

MIDLAND, Michigan — Taxpayers are reminded that the extended tax filing deadline is swiftly approaching on October 16th. Those who requested an extension earlier this year must submit their completed tax returns by this date to avoid late-filing penalties. The October 16th deadline applies to taxpayers who requested a six-month extension to file their 2022…

The Internal Revenue Service (IRS) has announced a temporary moratorium on the processing of new Employee Retention Tax Credit (ERTC) applications. The decision comes amid a surge in applications and concerns about potential fraud, necessitating the pause to allow the IRS to review and streamline its verification procedures. The ERTC, initially implemented as a response…

The IRS has been slowly digging out of the Covid pandemic backlog of unprocessed tax returns and in recent months, the IRS has announced its intention to begin normal collection activities for taxpayers with unpaid tax balances. So, what should you do if you owe money to the IRS? I can answer that question in…

As a business owner in Tennessee, it’s important to stay up to date with any changes in state law that could potentially impact your business. One such change is the expansion of the repossession sales and use tax credit, which takes effect on July 1, 2023. This credit is designed to help dealers who sell…

Every business owner needs to have a working knowledge of basic accounting principles and an understanding of the primary financial statements that assist in monitoring the financial health of their business. This workshop will discuss the three primary financial statements and show how they relate to one another. All entrepreneurs need to be able to…

In the heartland of Rutherford County, Tennessee, a remarkable initiative is quietly shaping the trajectory of local leadership. The development of leaders through programs such as Leadership Rutherford has become a transformative force, empowering individuals to become catalysts for positive change in their communities. Through immersive experiences, workshops, and networking opportunities, emerging leaders are equipped…

NASHVILLE, Tennessee – The Tennessee Department of Revenue has announced that they will be raising both the prevailing and the installment payment agreement interest rates effective July 1, 2023. The rates will be shooting up to 12.25% as the prevailing interest rate charged to Tennessee tax payers who either owe past due balances to the…

As seen April 24, 2023, in The Tennessean. When families show up in my office after a loved one has passed away or become incapacitated, it is usually a tough time for everyone involved. However, if they haven’t planned for this moment, then there’s a chance that I can do little to help them. After…

Taxation of the new student loan forgiveness program could be considered one of the “fine print” topics attached to this federal debt relief plan. As the U.S. Department of Education officially launched its student loan forgiveness application this week, an estimated 43 million Americans stand to benefit from the program. So how does that translate…