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Tag Archives: taxes

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.

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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.

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Supreme Court overrules tax-challenge restrictions (UPDATE)

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 ...

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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.

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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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