The Republican leader of the Wisconsin state Senate plans to propose Friday moving to a 3.25% flat income tax rate, a roughly $5 billion proposal that Democratic Gov. Tony Evers has vowed to block.
Read More »Tag Archives: taxes
New laws take effect across US on abortion, policing, taxes
Minimum wage increases, animal protections, police accountability, cutting and increasing taxes are all part of a series of new laws taking effect across the country on Saturday, the first day of 2022.
Read More »Reinhart’s Misey steps before camera to spread word of tax expertise
To show just how unwieldy and dense the federal tax code has become, Robert Misey recently tried to blow up the 6th volume of his IRS regulations using three rounds of fire crackers.
Read More »Lingering limbo: Businesses uncertain about tax law impact
Five months after massive federal tax changes became law, many small business owners still don't know whether they'll be winners or losers.
Read More »CLOSING ARGUMENTS: Getting down to tax
Looking for a way to raise money for various road and building projects without raising the property tax levy, Brown County officials last year enacted an ordinance instituting a 0.5 percent local sales and use tax.
Read More »View from around the state: Don’t run up the deficit for a tax cut
House Speaker Paul Ryan told officials at a Harley-Davidson motorcycle factory in Menomonee Falls last week that Congress is moving "full throttle on tax reform."
Read More »Federal court bans Appleton tax preparer
A federal court has barred an Appleton tax preparer and his firm from doing federal tax returns for others.
Read More »Man charged with filing false tax return
A Waunakee man has been charged with filing a false tax return for the 2009 tax year.
Read More »BEV BUTULA: Tax season doesn’t have to be taxing
With tax season upon us, many legal researchers search for basic tax rates and schedules.
Read More »Federal reform would make firms pay taxes on unrealized income
Many law firms would have to switch their accounting methods and pay taxes on income before the money actually is collected, if a proposed federal tax reform makes its way through Congress.
Read More »Bankruptcy Court judges split over state tax dischargeability
Lawyers say a split in the U.S. Bankruptcy Court over whether tax liability from late-filed state income tax returns are dischargeable in bankruptcy is creating uncertainty and making it difficult to advise debtors on how to proceed.
Read More »Audits more likely for recent family business transactions
Family business owners who worked frantically to offload company shares to the next generation of owners in the months leading up to the New Year can breathe easier now that Congress passed a law to avert anticipated tax rate increases and tax-exempt gift limits. But CPAs and attorneys warn the work isn’t over quite yet.
Read More »Woman gets prison for payroll tax violations
An eastern Wisconsin business owner will spend about a year in prison for failing to pay taxes that had been withheld from employees' wages.
Read More »Wisconsin Counties Association shows interest in Fannie, Freddie lawsuit (UPDATE)
A Wisconsin Counties Association committee Tuesday offered initial support for Milwaukee County’s class-action lawsuit against Fannie Mae and Freddie Mac over unpaid taxes.
Read More »More whistleblowers reporting tax fraud, but cases moving slowly
As tax season ends, tax fraud is in the air.
Read More »At tax time, review marketing endeavors along with deductions
As business people gather the necessary financial documents to prepare for tax filings, they often analyze earnings and expenses in comparison to goals and projections.
Read More »Bankruptcy – discharge – taxes — credit cards
10-C-28421 In re Vandynhoven
Read More »Supreme Court overrules tax-challenge restrictions (UPDATE)
By DINESH RAMDE Associated Press MILWAUKEE (AP) — The state Supreme Court ruled Friday that taxpayers who want to challenge their tax assessments are entitled to full court reviews of their challenges, a decision that critics feared could embolden businesses to threaten litigation unless cities reduce their property taxes. The 4-3 ruling overturns a 2008 state law that would have ...
Read More »IRS collections can be interesting paradox
There is an interesting paradox occurring in our federal government. While it appears that the IRS Collection Division is increasing its efforts to collect unpaid taxes, it is also increasing the use of tools that delay the collection of tax.
Read More »New IRS rules target tax return preparers
The Department of the Treasury is at it again. They are broadening the rules of ethics that govern practice before the IRS in a continued effort to clean up the tax business. The IRS will now require everyone that prepares "all or substantially all" of a tax return to register with the IRS and receive a Preparer Tax Identification Number (PTIN). As before, the new rules are more expansive than necessary to achieve their goal.
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