News

At What Age Do I Need an Estate Plan?

If you don’t have an estate plan yet, you’re not alone.  It is not uncommon for Americans to die without having an estate plan in place, often leaving behind a mess to be sorted out by family, friends, and the…

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High-Income Non-Filers Have Been Identified By IRS

$441 billion was the identified tax gap (the difference between the amount of taxes that should be paid and the amount voluntarily paid on time) in a recent audit of the IRS by Treasury Inspector General for Tax Administration (TIGTA). …

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Loan Forbearance under the CARES Act

In March 2020, the Coronavirus Aid, Relief, and Economic Security Act (also known as the CARES Act) was enacted into law to provide certain relief measures for certain borrowers (including business owners and individuals) as a result of the COVID-19…

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Implications of COVID-19 on Commercial Leases in Michigan

The COVID-19 pandemic and resulting government prohibitions on individuals and businesses in Michigan have placed unprecedented pressure on commercial landlords to offer flexibility to struggling tenants. While commercial evictions were not expressly prohibited in the state of Michigan, many landlords,…

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Estate Planning in the Time of COVID-19

The Strobl law office is open and is committed to providing a safe environment for our clients and employees. We are staying abreast of COVID-19-related executive orders and legislation at the federal, state and local levels and their effect on…

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Cares Act and Michigan Small Business Relief Guide

CARES Act and Michigan Small Business Relief Guide April 3, 2020 If you are a business owner, you have likely been following the dizzying array of orders, laws, programs and regulations that apply to you and your business. This guide…

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The ‘R’ in inherited IRA Does Not Stand for Retirement

By Pamela Ritter The implications of the US Supreme Court’s Clark v. Rameker decision On June 12, 2014, US Supreme Court Justice Sonia Sotomayor, on behalf of a unanimous Court confirmed inherited IRAs are not “retirement funds.” This means an inherited IRA…

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A Cautionary Tale: Deceased Spouse Estate Tax Exemption

By Alan Rudzewicz What is DSUE? A few years ago, Congress made a deceased spouse’s unused estate tax exemption portable. This provision applies to same sex married couples under Federal Law. At first glance, the tax exemption sounds like a…

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