Tax

07/27/2023

Repeal of Wisconsin Personal Property Taxes and Changes to Manufacturing Property Tax Filings (MR and MP)

The repeal of the Wisconsin personal property tax took place on June 20, 2023, with the signing of a revenue...

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Manufacturing

07/20/2023

What are the benefits of inheriting stock or other assets?

If you’re planning your estate, or you’ve recently inherited assets, calculating the cost (or “basis”) for taxes, may be a...

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Tax

07/20/2023

WARNING! New US Mail Scam Targeting Taxpayers Regarding Unclaimed IRS Refund

Taxpayers beware! The IRS is warning of a new mailing scam attempting to mislead individuals into providing sensitive information to...

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Tax

06/28/2023

A Breakdown of The Trust Fund Recovery Penalty

If you own or manage a business with employees, there’s a harsh tax penalty that you could be at risk...

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Tax

06/28/2023

Can I invest in an IRA for my non-working spouse?

Have you ever wondered if you could invest in an IRA for your spouse who is not earning any compensation?...

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Tax

06/07/2023

Strategies to Reduce the Impact of the Net Investment Income Tax

High-income taxpayers often face the burden of paying the Net Investment Income Tax (NIIT) in addition to their regular income...

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Tax

05/31/2023

Best Practices for Deducting Business Meal and Vehicle Expenses

When claiming deductions for business meals or auto expenses, the IRS may closely review them. It is important to have...

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Tax

05/15/2023

My tax return has been filed, now what?

Your tax return has been successfully filed with the IRS, and you may be done thinking about your taxes until...

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Tax

04/14/2023

How Long Should You Keep Tax Records?

After filing your taxes, you are probably wondering what you can throw, what you should hold onto, and for how...

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Tax

04/14/2023

From Lemonade Stands to Paychecks: How to Hire Your Child as an Employee to Save on Taxes

As the summer season approaches, you might be contemplating employing young individuals to work at your small business. Simultaneously, your...

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Business

03/23/2023

Keep in Mind these Two Other April Tax Due Dates

Did you know that there are two tax deadlines coming in April, neither of which is the filing of 2022...

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Tax

03/02/2023

Money received from a lawsuit or settlement may be tax-free, but only in specific cases

You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude...

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Tax