Summer 2025

Letter from the Chair

Dear Taxation Section Members:

It is an honor to serve as Chair of the Taxation Section for the 2024–2025 term. The Section continues to plan and host any of its signature events. Earlier this term on November 14, 2024, we held our 3rd Annual Pre-Holiday Party at Eddie Merlot's in Bloomfield Hills. It was a great way to kick off the holiday season by networking with other tax professionals. This event always has great attendance and typically includes some new faces, so it’s a good way to meet new people in the area. Thank you to Gene Magidenko for planning the event for the second year in a row.

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Committee Reports

Bella Jordan is a member of the National Tax Office at Plante Moran specializing in federal tax consulting for corporations and partnerships in the context of mergers and acquisitions, accounting methods, and tax legislation.

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First, Do No Harm: The Missing Justification

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By Nicholas Nahat and Andrew Stumpff

Like physicians, lawyers sought in general to have good reasons for extraordinary steps they urge upon their clients.  In both professions the obligation applies with particular force to a recommended action that brings client-disadvantages and potential adverse side-effects of its own.  In such a case, a bare “It seems better to me for you to take this step” – let alone “This is the way we generally do it” – is difficult to accept as a matter of practice.

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The Uncapping Conundrum

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By Seth O’Loughlin

In addition to the normal buying and selling of property, real property is routinely transferred for estate planning, tax planning, financing, divorce, and more. What may be viewed from the owner’s perspective as a simple transfer from an individual to an LLC wholly owned by that individual to create a liability shield can, however, have substantial property tax implications that must be taken into account. Property taxes matter because they are often the largest fixed expense for a property owner.

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How to Add 2 Paragraphs to Your General Powers of Attorney so You Can Cure Defects in Your Form 2848

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By Neal Nusholtz

Tax return information has been private at least as far back as April 5, 1870, when IRS Commissioner Columbus Delano ordered tax assessors not to publish taxpayer information. A few months later, in July, Congress passed a revenue act that prevented publishing income tax return information except for general statistical purposes.

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Disclaimer

The opinions expressed herein are those of the authors exclusively and do not necessarily reflect those of the Editor, the Taxation Section Council, or the Taxation Section. It is the responsibility of the individual lawyer to determine if advice or comments in an article are appropriate or relevant in a given situation. The Editor, the Taxation Section Council, and the Taxation Section disclaim all liability resulting from statements and opinions contained in the Michigan Tax Lawyer.