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Monday 8:30am - 3:30pm Tuesday 8:30am - 3:30pm Wednesday 8:30am - 6pm Thursday 8:30am - 3:30pm Friday 8:30am - 3:30pm

Downriver Income Tax Inc

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Southgate, MI
Downriver Income Tax Inc

Tax preparation, IRS Solutions, Trust & Estate, Financial Planning

06/01/2026

Summer Activities and Taxes – Did You Know?

Summer is a time to relax and have fun, but some seasonal activities may have tax consequences. Being aware of them now may save you time and hassle later.

If your child attends a day camp so you can work or look for work, some of the cost may qualify for the Child and Dependent Care Credit. Be sure to keep records and obtain the camp's tax identification information.

Students with summer jobs may be entitled to tax refunds if income tax is withheld from their pay. Adults earning income from seasonal, part-time, or gig work may need additional withholding or quarterly estimated tax payments.

Summer is also a popular wedding season. If you change your name after marriage, update your records with the Social Security Administration. If you move, update your address with the IRS and submit a new Form W-4 to your employer so your withholding reflects your current tax situation.

05/29/2026

National 529 Day – Did You Know?

If you put money into a 529 education savings plan, earnings may be withdrawn federal income tax-free when used for qualified education expenses. Qualified expenses can include tuition, fees, books, supplies, computers, and for students enrolled at least half-time, certain room and board costs.

While 529 contributions are not deductible for federal income tax purposes, many states offer a full or partial state income tax deduction or credit for contributions. Some states and plan sponsors may also offer special incentives around National 529 Day.

Recent law changes expanded the use of 529 plans. In 2026, up to $20,000 per year, per student, may be used for qualified K–12 education expenses at public, private, or religious schools. Prior years were generally limited to $10,000 annually.

05/26/2026

See below for a letter from the Michigan Tax and Accounting Professionals regarding the current situation in Michigan with taxes. If you receive a letter from the State Of Michigan showing an adjustment in your refund, or you receive a bill or a refund check you were not expecting, please call our office. You can email the letter or drop it off and we will look into it.

May 26, 2026 - As members know, the Michigan Tax and Accounting Professionals has been working relentlessly to identify and resolve systemic issues that have arisen within the Michigan Department of Treasury's new eServices platform since its implementation in December.

Late last week, Deputy Treasurer Kavita Kale sent us a letter with many encouraging signals that Treasury understands the issues and how they are impacting our members. Here are some important excerpts from her May 22 letter:

"Dear Michigan Tax and Accounting Members: Thank you for taking the time to share detailed feedback regarding the concerns you are experiencing with recent Treasury notices and returns processing. Your feedback highlights several areas of concern, and we are committed to addressing these problems directly and transparently."

"We fully recognize the frustration this situation has created for both tax preparers and their clients. We also understand many of you are bearing the brunt of taxpayer frustration, and for that, we apologize. Your feedback highlights several areas of concern, including what appear to be incorrect tax notices, erroneous refunds followed by tax due letters, inconsistent penalty calculations, shifting guidance, customer service challenges, and confusion surrounding Treasury’s new system."

"We recognize how these issues collectively undermine taxpayer confidence and place a substantial administrative and reputational burden on practitioners. We are committed to addressing these problems directly and transparently."

05/18/2026

Qualifying Dependents – Did You Know?

In addition to your children and parents, a number of other individuals may qualify as your dependents for tax purposes. Important factors can include the person's income, how much support you provide, and how much of the year the person lives with you. In some limited cases, even a non-relative who lives with you year round as a member of your household may qualify as a dependent.

05/11/2026

Health Savings Accounts - Did You Know?

Changing jobs? If you have a health savings account (HSA), you can take it with you. Unlike flexible spending accounts (FSAs), which are usually tied to your employer, your HSA belongs to you. You can continue using your HSA funds after leaving the job where you opened the account. However, you may make new HSA contributions only if you remain eligible to contribute. To remain eligible, you generally must be covered by an HSA-eligible high-deductible health plan (HDHP) and have no disqualifying coverage.

05/04/2026

Receiving Online Payments - Did You Know?

If you are self-employed and receive payments through online payment processing platforms, take care to separate business and personal transactions. You can do this by setting up separate business accounts on the platforms, or by using features that allow you to specify the purpose of payments. Otherwise, the platforms may overreport your income.

04/27/2026

Updated Withholding Estimator Available for 2026

Having the right amount of tax withheld from your pay protects you against unpleasant spring surprises, while ensuring that you do not unnecessarily sacrifice take-home pay. The IRS recently made important updates to its Withholding Estimator tool (link below), to account for tax law changes enacted in 2025. Those changes include the "No Tax on Tips" and "No Tax on Overtime" deductions, the car loan interest deduction and special deduction for seniors, and the new deduction rules for charitable donations.

Verifying the accuracy of your withholding a couple of times a year is especially important if you and your spouse both work, or if you owed tax this spring, work multiple jobs, or have self-employment or investment income. It is also a good idea to complete a withholding checkup anytime you experience a major life change like marriage, or the birth or adoption of a child. Using the Withholding Estimator typically takes 25 minutes or less, and you do not have to log in or provide any personally identifying information. If an adjustment to your withholding is needed, the tool can help you complete a new W-4 form to submit to your employer.

IRS Withholding Estimator Tool: https://www.irs.gov/individuals/tax-withholding-estimator

04/20/2026

IRS Impersonation Scams – Did You Know?

Criminals continue to use IRS impersonation scams to steal money and personal information. Understanding how the IRS actually communicates can help you recognize and avoid these schemes.

The IRS generally initiates contact by sending a letter through the mail on official letterhead. If you have an IRS online account, you can log in to verify whether a notice is legitimate. If you are unsure, you can contact the IRS directly at 800-829-1040.

Scammers, however, often pose as the IRS in several ways:

By mail: Fake letters may look official but include incorrect contact details or suspicious language such as “in relation to your unclaimed refund.”

By email or text: The IRS does not initiate contact this way. Messages promising refunds, credits or urgent fixes often contain links to fraudulent websites designed to steal your information.

By phone: Scammers may leave threatening messages or demand immediate payment using gift cards or other unusual methods—tactics the IRS does not use.

In person: Unannounced visits are extremely rare. Most legitimate IRS appointments are scheduled in advance by letter.

If you suspect a scam, do not respond, click links or share information. Instead, contact the IRS using an official phone number to verify the situation.

04/17/2026

IRS Online Business Accounts Now Available to Partnerships & Tax-Exempt Entities

The IRS has expanded its Business Tax Account (BTA) service, which enables businesses to handle many federal tax matters online. Previously, only sole proprietors, S corporations and C corporations could use the BTA platform. Now, partnerships (including LLCs that file taxes as partnerships), along with many tax-exempt organizations, can benefit from the convenience of a BTA as well.

Tasks that can be readily completed through the BTA system include checking tax balances, making payments, viewing payment histories and downloading digital IRS notices. In addition, BTA users can access payroll and income tax return transcripts, seek help with compliance concerns, or verify the accuracy of a business name or address on file with the IRS.

Many government entities, including tribal governments, also qualify to use the expanded BTA service.

IRS Business Tax Account: https://www.irs.gov/businesses/business-tax-account

03/30/2026

Unfiled 2022 Federal Tax Refunds Must Be Claimed by April 15 – Did You Know?

The IRS estimates that over one million people are owed tax refunds from 2022, with the majority of those refunds exceeding $600. However, in order to claim their refunds, people must file their 2022 tax returns by April 15, 2026. Some people may also need to file 2023 and 2024 returns in order to receive an IRS refund.

Those who qualified for the Earned Income Tax Credit (EITC) in 2022 but did not file a return could be missing out on much larger refunds, potentially exceeding $6,000. The adjusted gross income limits for the 2022 EITC ranged from $16,480 to $53,057 (or $22,610 to $59,187 for joint filers), depending on a person's number of qualifying children.

Filing an accurate tax return for 2022 may require referring to income statements like W-2 and 1099 forms. If you cannot locate those forms but have an IRS online account, you can generally obtain the needed information by using the free IRS Get Income Transcript tool (link below). Most people can set up an account in about 20 minutes, less time than it takes to request and receive replacement documents from employers, banks, etc.

IRS Get Transcript Online tool: https://www.irs.gov/individuals/get-transcript

Address

13317 Reeck Court
Southgate, MI
48195

Opening Hours

Monday	8:30am - 3:30pm
Tuesday	8:30am - 3:30pm
Wednesday	8:30am - 6pm
Thursday	8:30am - 3:30pm
Friday	8:30am - 3:30pm

Telephone

+17342464774

Website

https://www.downriverincometax.com/

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