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Tax Alerts

  • 11/17/2015

    Affordable Care Act Reporting for 2015

    New 2015 ACA reporting is required for many companies, who need to provide annual statements to the IRS and their employees and includes monthly insurance information. This information must be furnished to the employees by 2/1/2016 and the IRS by 2/28/2016 (paper filed) or 3/31/2016 (electronically filed).

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  • 11/12/2015

    Copies of Paper Medical Records No Longer Taxable

    As a result of a decision by the Wisconsin Tax Appeals Commission in Cannon & Dunphy, S.C. vs. Wisconsin Department of Revenue (August 15, 2015), sales of paper copies of patient health care records (medical records) are no longer subject to Wisconsin sales or use tax if the medical records are sold to the patient or to a person authorized by the patient to receive the medical records. Although the department appealed this decision, the department's appeal was dismissed on procedural grounds. Sales of electronic copies of patient health care records (medical records) that are transmitted electronically continue to be nontaxable.

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  • 11/4/2015

    Three-Quarters of Americans Fear Having Their Identity Stolen

    A new study by discovered that 77% of Americans worry about their identity being stolen. The study also found that 46% of Americans have been or know someone who has been the victim of identity theft. This has increased over 10% since 2008.

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  • 10/29/2015

    Kiddie Tax

    Does your child have any investments that were started for their future? A portion of a child’s unearned income (taxable interest, dividends, capital gains, annuities, etc.) may be taxed at their parents’ highest tax rate if it exceeds a certain threshold during the year, commonly known as the kiddie tax.

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  • 10/22/2015

    Warnings Continue Concerning IRS Scams

    The Internal Revenue Service continues to warn the public about the increasing number of scams targeting taxpayers. Taxpayers should remain on high alert and protect themselves against the ever-evolving array of deceitful tactics scammers use to trick people.

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