9 & 10 News
May 10, 2021
The Michigan Department of Treasury is reminding Michiganders that the deadline for state and federal income taxes is May 17.
With a week left until the deadline, accountants say it’s important to get all their documents in order quickly to file on time.
Professional Tax Service in Traverse City says they’ve seen an increase in tax drop-offs and phone or zoom calls with their clients in order to meet their needs amidst the pandemic. They say there is still time to file an extension until Oct. 15, but you won’t be off the hook for any money you owe.
9 & 10 News
February 4, 2021
Kevin Cleary is a tax and financial advisor at Professional Tax Service in Traverse City.
He says over the last few weeks he has been getting questions about how the recent stimulus checks will effect customer’s 2020 tax returns.
Cleary says, “We get a lot of questions about that. Is it taxable? No. It’s not. But it is a credit on your taxes. So it doesn’t negatively impact your taxes but if you did not receive it, let your accountant know so they can file that credit for you and you can get that money back.”