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Upcoming Changes to Retirement Contributions in 2020

401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500 The Internal Revenue Service today announced that employees i...
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End of the Year Tax Planning

As the end of the year approaches, we’d like to remind our clients that it’s the perfect time to start tax planning and see how the past y...
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Taxpayers Should Be on the Lookout for New Versions of These Two Scams

With scam artists hard at work all year, taxpayers should be on the lookout for a surge of evolving phishing emails and telephone scams. Taxpayers sh...
Read more about Taxpayers Should Be on the Lookout for New Versions of These Two Scams ➞

Tax Season Updates

As the month “Marches” on, and we at LBF are in full tax season mode, we want to remind those of you whose returns we have finished to ple...
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Income Tax Refund Information

Many people receive tax refunds from the IRS and wonder how long it will take to receive your refund. You wait by the mailbox or look at your bank acc...
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How Long Should You Keep Your Personal Income Tax Documents?

As you are collecting your tax documents for this year’s tax return (or stuffing them in a file drawer if your return has already been filed), y...
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IRS Website Help

While we’re now two weeks removed from Punxsutawney Phil’s early spring prognostication, spring doesn’t really come for us at LBF Gr...
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2019 Tax Season

Despite several setbacks, the IRS has officially opened up filing for the 2019 tax season. The IRS anticipates refunds to start being issued the first...
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Changes to Qualified Tuition Programs

The Tax Cuts and Jobs Act (TCJA) has made some changes to qualified tuition programs (“QTPs,” also commonly known as “529 plans&rdqu...
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Preparing for Tax Season

It’s bitterly cold, there are reports of significant snow, so we must be entering tax season! There are steps you can take to make this season l...
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IRS Scam

As another tax season begins, it seems as though everybody knows somebody who has received a phone call from “The IRS”.  Below is an...
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Here Are the Steps You Can Take Now To Get Ready to File Your 2018 Taxes in 2019

Check withholding Since employees typically only have a few pay dates left this year, checking withholding soon is especially important. Because of t...
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Helping Your Surviving Spouse

Losing a spouse often brings on a flood of emotions that can make tasks like managing financial obligations seem almost impossible. Here are some step...
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Your Itemized Deductions Will Change for 2018

With much of the focus on the new tax rates contained in the new tax bill for 2018, it is easy to forget that some big changes have been made to the a...
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Technical Terminations

This probably sounds like a boring subject that only we bean counters would care about, but don’t ignore this important topic. If your partnersh...
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Contact Us

West Bloomfield Office

6960 Orchard Lake Road
Suite 120
West Bloomfield, MI 48322

p:  (248) 932-0040

f:  (248) 932-0205

e: 

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