Having number of winning cases in our history

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US Law Firms Partner With Draft n Craft To Use Its Summaries As An Aid To Trial

Summaries are of key importance for any trial attorney. Be it a summary of a deposition transcript or a summary of a bunch of medical records, both are critically important as they provide an easy reference for attorneys not only in the discovery phase of a case but also while preparing for a trial.   A deposition summary reduces testimony to key facts, providing a well articulated summary of main events, dates and witnesses. On the other hand a medical records summary reduces records to facts with accurate recording of dates, figures, names, and reports. It also gives a record of key events and diagnosis. Our clients have been enjoying the luxury of technology through the use of our interactive EPUB summaries. We have seen an exponential growth in the summaries done in the last quarter. On an average the team has been producing 500 summaries each month. Our internal...
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Double Taxation for Leasehold Improvements

Some business property is being double taxed but the owners don't know it! If you own or lease a restaurant, store, or office space with leasehold improvements there is a good chance that the personal and real property is subject to double taxation. Real property includes all land, buildings, and fixtures. All improvements on leased property must be considered real property. However, leasehold improvements can be taxed as personal property even if those improvements are technically real property so long as the underlying real property assessment does not include value for the leasehold improvements. This is where the costly double taxation can occur. Many real property assessments already include value for leasehold improvements. Cost calculator methods are used to value commercial and industrial buildings and these methods often have added or assumed items covering the leasehold improvements. Assessors also typically add value to the real property assessment when new construction...
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Personal Property Statements: Don’t make This Costly Mistake!

Urgent! Personal property statement deadlines have already passed, but make sure you didn't make a costly mistake! If you have assessable commercial or industrial personal property you were probably required to file a 2012 Form L-4175 by February 1, 2012. Many taxpayers make the costly mistake of attaching tax asset detail sheets to the personal property statements. These sheets typically include acquisitions costs and dates and provide a basis for completing your personal property statement. However, the sheets often include information for income tax purposes that should not be disclosed to the assessor! Leasehold improvements that are already taxed as real property and are listed on the tax asset detail sheet only for income tax depreciation purposes can be caught by the assessor and entered into your personal property assessment, resulting in double taxation. Sometimes it is necessary to include support for Section M of the personal property statement, the...
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Property Assessments are once again increasing!

Many homeowners and property owners are currently being shocked by their assessments! Real estate markets have arguably stabilized in some areas. However, what many property owners did not expect is to see assessments increase! While values have remained stagnant or even have continued to fall in the majority of the State of Michigan, assessments are going up. Assessors have been using the highest priced sales to drive up assessments while ignoring the many typical lower priced sales that still saturate the market. The best way to address this problem is to appeal your property taxes to the Board of Review and then the Tribunal. Boards typically do not give much property tax relief , but all residential property owners must appear before a Board before going to the Tribunal. The Tribunal offers the opportunity to present appraisals and comparables to show your property's true worth. You get more than just...
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