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As the new tax season start, it's important to be mindful of the approaching tax filing deadline for Form 1099. Here are key reminders to consider as you embark on your tax planning.


In Michigan, the General Property Tax Act provides for exemptions for certain categories of personal property including: Small Business Taxpayer Exemption, Eligible Manufacturing Personal Property and Act 328 – New Personal Property. 


The rule for reporting beneficial ownership information, as outlined in Section 6403 of the Corporate Transparency Act (CTA), took effect on January 1, 2024. 

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