As Congress and President Barack Obama continue hashing out the 2013 Tax Code, taxpayers are left waiting and trying to prepare for what ever makes it out of Washington, D.C. in the coming weeks.
Accountants like Patrick Kailing in Reed City, are working to make sure their clients are ready for the tax hikes, he expects.
When filing for taxes in 2013, Michigan taxpayers can expect smaller refunds.
He also recommends keeping good records for any planned deductions, and advises selling any big ticket items in 2012, if possible.
Whatever happens, Kailing doesn't think it will be as bad as some are predicting.
"I don't know where they came up with the term, Fiscal Cliff. I don't think anything's gonna fall apart, the sun is gonna come up the next day and most of us that are working, are still gonna go back to work....The only difference is you're gonna be paying a bit more in taxes."
Kailing points out that many changes to tax rates are at the State Level, and are coming no matter what happens at the Federal Level.
Thursday, May 23 2013 9:34 PM EDT2013-05-24 01:34:57 GMT
Just in to the 9&10 Newsroom, more than 150 dogs have been rescued from a breeder in Missaukee county. The ASPCA is involved and says the dogs were left to live outdoors with little protection from
Just in to the 9&10 Newsroom, more than 150 dogs have been rescued from a breeder in Missaukee county. The ASPCA is involved and says the dogs were left to live outdoors with little protection from
Thursday, May 23 2013 1:49 PM EDT2013-05-23 17:49:29 GMT
A Cadillac Area Public Schools teacher is in trouble with the law for drinking behind the wheel. Michelle Whitley works at Cadillac High School and faces 2 charges of operating while intoxicated, open
A Cadillac Area Public Schools teacher is in trouble with the law for drinking behind the wheel. Michelle Whitley works at Cadillac High School and faces 2 charges of operating while intoxicated, open
Friday, May 24 2013 5:43 AM EDT2013-05-24 09:43:15 GMT
Where is your favorite place to camp? It's Friday and that means it's time for MiFavoriteThings! With Memorial Day Weekend upon us, more and more people will be loading up the car and spending their
Where is your favorite place to camp? It's Friday and that means it's time for MiFavoriteThings! With Memorial Day Weekend upon us, more and more people will be loading up the car and spending their
Thursday, May 23 2013 7:52 PM EDT2013-05-23 23:52:13 GMT
Police in Clare county arrested a man for child pornography and running an illegal party store out of his home. Police first investigated Patrick Sampson after he made lewd comments to children. They
Police in Clare county arrested a man for child pornography and running an illegal party store out of his home. Police first investigated Patrick Sampson after he made lewd comments to children. They
Friday, May 24 2013 11:39 AM EDT2013-05-24 15:39:57 GMT
Police are looking for whoever stole nearly 40 bronze grave markers in the Hersey Cemetery in Osceola county, just days before Memorial Day. Village workers noticed the markers missing earlier this week
Police are looking for whoever stole nearly 40 bronze grave markers in the Hersey Cemetery in Osceola county, just days before Memorial Day. Village workers noticed the markers missing earlier this week
Friday, May 24 2013 12:14 AM EDT2013-05-24 04:14:01 GMT
An update tonight on a Mount Pleasant man accused of a stabbing murder back in November. Curtis Leachman was convicted of second degree murder today in the stabbing of another man in an apartment hallway. Police
An update tonight on a Mount Pleasant man accused of a stabbing murder back in November. Curtis Leachman was convicted of second degree murder today in the stabbing of another man in an apartment hallway. Police
Thursday, May 23 2013 7:54 PM EDT2013-05-23 23:54:04 GMT
Grand Traverse county will soon be home to the new three story TBA Credit Union headquarters building. With help from the state, the county's Brownfield Redevelopment Authority will demolish two buildings
Grand Traverse county will soon be home to the new three story TBA Credit Union headquarters building. With help from the state, the county's Brownfield Redevelopment Authority will demolish two buildings
Thursday, May 23 2013 9:43 PM EDT2013-05-24 01:43:27 GMT
Recent weather conditions putting a damper on some crops in Northern Michigan. From rainfall to frost, farmers are trying to keep up with the changing conditions to keep their crops on track. One corn
Recent weather conditions putting a damper on some crops in Northern Michigan. From rainfall to frost, farmers are trying to keep up with the changing conditions to keep their crops on track. One corn
As jurors in Jodi Arias' murder trial filed one by one from the courtroom after a dramatic five months of gut-wrenching testimony and gruesome photographs, three women on the panel cried and one looked to the...
As jurors in Jodi Arias' murder trial filed one by one from the courtroom after a dramatic five months of gut-wrenching testimony and gruesome photographs, three women on the panel cried and one looked to the...
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