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Blog Category: Tax

Opportunity to Defer Tax with a Like-Kind Exchange

Have you been thinking of selling a property that is used for business or held as an investment, but do not want to pay the capital gains tax created from

Form 1099-NEC Information Returns

As the new year begins, so does the 2021 tax reporting season. In January, all Form 1099s are due to be mailed to the recipients no later than January 31,

Keep an Eye Out for Letters from the IRS: In January 2022 the IRS will begin sending out Advance CTC & EIP Letters

If you received the 3rd Stimulus payment or Advanced Child Tax Credits this past summer – fall, the IRS will be mailing you information letters that reflect the actual amounts

De Minimis Fringe Benefits to Employees

With the holiday season approaching employers may desire to reward their employees with a little something extra in their stockings also referred to as a fringe benefit.  Consideration for the

Giving employees a company car? Here’s the tax implications

Owners and employees of small businesses both enjoy the benefit of a company vehicle. Company cars allow the employer to take tax deductions while the employee saves on out-of-pocket car

Worried about ID Theft or Your SSN has been Compromised? Steps to Protect Your WI Tax Filing.

The Wisconsin Department of Revenue announced a new way for individuals to protect their Wisconsin tax accounts. The Wisconsin Identity Protection PIN prevents fraudsters from using an individual’s personal information

There’s still time to decrease your 2021 Taxes; here’s 3 key questions to discuss with your tax advisor

As the economy continues to reel from the effect of the Covid-19 pandemic, many taxpayers continue to look for ways to save. Are you looking for ideas on how to

Taxability of Legal court Awards and Settlements

Legal issues for businesses can often end in either a settlement or money awarded to a company or the person filing the lawsuit. You can also get money awarded to

Deciphering cryptocurrency reporting requirements

The Infrastructure Investment and Jobs Act (IIJA) was signed into law on November 15, 2021. It includes new information reporting requirements that will generally apply to digital asset transactions starting

Company Tax Savings for Holiday Gifts and Holiday Parties

The calendar year is winding down and the holiday season will soon be upon us. Last year the pandemic caused many holiday parties to be canceled, so this year your