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Tax Alerts

  • 2/10/2015

    Wisconsin Unclaimed Property

    Beginning July 1, 2015, the Wisconsin Department of Revenue (DOR) will return unclaimed property to its owner, without the owner having to file a claim, if the value of the property is $2,000 or less and the DOR can identify and locate the owner through tax return information. The DOR will first offset the unclaimed property against any debt owed to the DOR.

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  • 1/29/2015

    Tangible Property Regulations Update

    This Tax Alert is an update to a previous Tax Alert reporting the issuance of IRS final regulations addressing the capitalization vs. expensing of supplies, repairs, maintenance and replacement costs – The Tangible Property Regulations.

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  • 1/7/2015

    Foreign Asset and Bank Account Reporting

    As in prior years, annual reporting of foreign financial assets and foreign bank accounts is required and there continues to be rigorous enforcement of significant penalties if the reporting is not done.

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  • 12/30/2014

    Wisconsin Wage Statement and Information Return Requirements

    This is a reminder that Wisconsin Department of Revenue no longer waives the filing requirement for employers and other payers doing business in Wisconsin to submit Forms W-2, 1099-R and 1099-MISC (with no Wisconsin withholding) to Wisconsin.

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  • 12/22/2014

    Tax Extenders Law has Passed!

    Finally, Congress passed the “Tax Increase Prevention Act of 2014” (Act), which the President has signed. The Act extends many tax breaks for business and individuals for 2014 (one year only). The key tax provisions that were extended are as follows...

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