Taxation Law Blog | State Bar of Wisconsin

Direct Pay: How Local Governments Can Leverage Tax Credits

Nicholas Jerschefske — 2024-12-13 00:00:00

Traditionally, tax-exempt entities are unable to utilize tax credits. Nick Jerschefske explains how local governments can use direct pay to turn tax credits into cash payments, offsetting the cost of local green energy projects.

Life Insurance Planning to Fund Buy-Sell Obligations

Curtis C. Walther, Thomas W. Moniz — 2023-07-20 00:00:00

Business succession planning is an essential part of ensuring any business’s continuity for the next generation. Curtis Walther and Thomas Moniz discuss the benefits of using life insurance planning as part of a succession plan.

Understanding Common Notices from the IRS

Britany Morrison — 2022-12-22 00:00:00

Most notices from the IRS are regarding incomplete or incorrect information on taxpayer’s tax forms, but there are plenty of other reasons the agency contacts a taxpayer. Brittany Morrison discusses common notices from the IRS.

The SECURE Act’s Impact on Retirement and Tax Planning

Britany Morrison — 2020-03-13 00:00:00

Signed into law in December, the Setting Every Community Up for Retirement Enhancement Act, or SECURE Act, changes many requirements for employer-provided retirement plans, IRAs, and other tax-favored savings accounts. Britany Morrison discusses the tax implications of a few key provisions in the Act, which are now in effect.

IRS Initiates Enforcement of Taxes on Virtual Currency Transactions

Kelly S. Kuglitsch, Britany Morrison — 2019-08-23 00:00:00

The IRS recently sent letters to more than 10,000 taxpayers received regarding taxes on virtual currency transactions. Kelly Kuglitsch and Britany Morrison discuss the letters and what it means for the recipients.

Investing in Communities: A Brief Primer on Qualified Opportunity Zones and Funds

Peter J. White — 2019-07-12 00:00:00

The Tax Cuts and Jobs Act of 2017 gives taxpayers an opportunity to defer capital gain from the sale of assets by investing in economically distressed areas in Wisconsin and across the U.S. Peter J. White discusses the requirements of investing in Qualified Opportunity Zones.

Supreme Court Divided on Nexus for Internet Sellers

Luona Hao — 2018-05-01 00:00:00

A case before the U.S. Supreme Court could significantly change the sales and use tax nexus landscape in the U.S. With a final decision anticipated this summer in South Dakota v. Wayfair, Luona Hao discusses the case and its implications for businesses.

Wisconsin Legislature Eases Sales Tax Burden on Nonprofits

Atty. Robert A. Mathers — 2016-06-28 00:00:00

In April, the Wisconsin Legislature increased the sales tax exemptions for nonprofits by increasing the casual sales dollar limits and occurrences. These increased limits will apply to sales on Jan. 1, 2017.

The Taxation Section Blog: Welcome!

2016-06-22 00:00:00

This blog is designed to deliver the latest news, practical advice, and valuable resources that focus on tax matters.