Accounting & Tax Services Since 1923  


Topolinski
& Associates
, Inc.
G-8305 S. Saginaw
Grand Blanc, MI
810-695-6990
Fax: 810-695-6150
Info@Topolinski.com


Here is a list of our Frequently Asked Questions. Please feel free to contact us if your solution is not listed below.

What are the Milage Rates for 2007?
Business
48.5 cents per mile

Medical
20 cents per mile

Moving
20 cents per mile

Charitable
14 cents per mile


What is the 2007 Kiddie Tax Threshold?
Answer: $1,700 Investment Income

How can I check on my Electronic Refund?
Answer: Taxpayers should wait at least three weeks from the time the electronic return is accepted before logging on to the following web sites:

Federal Return: www.IRS.gov
Michigan Return: www.michigan.gov/treasury (click on the online services and then on self-service individual tax income tax)

You should have the following information handy when calling:
Primary Social Security Number listed on return
Filing Status
Exact amount of anticipated return

What are your Maximum Earnings?
Subject to:
Social Security Tax - $97,500 (2007)

 

Your Tax Bracket

"What's my tax bracket?" is a very important and commonly asked question. There are two tax brackets for everyone:

Overall Tax Bracket

Marginal Tax Bracket



How the Audit System Works


For most businesses, the chance of an audit is fairly low. On average, less than 1% of all business returns filed in a given year are audited.

Audit Probability

 

       


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