13 08 15 Filed in:
Tax | ScamsAs a tax professional, a large part of my job involves educating clients. Part of that education is helping clients understand how the IRS and Wisconsin Department of Revenue go about collecting tax debts, and the options available to delinquent taxpayers. So when I recently received my second robocall voice mail message informing me that the IRS was about to file a lawsuit against me and that I needed to call back immediately, I decided to share this information with my readers. While my first reaction was to chuckle and delete the message because I recognized it was a scam, it really is not a laughing matter. I have heard of people who have lost thousands of dollars after receiving one of these calls.
Read More…Tags: Tax, Scams
On June 26, 2015, the United States Supreme Court issued its decision in the Obergefell v. Hodges case, legalizing same-sex marriages across the United States. 576 U.S. ___ (2015). What impact did this have upon the income tax status of same-sex couples in Wisconsin? Nothing actually changed here, as same-sex marriages were already legally recognized in Wisconsin for tax purposes at both the state and federal levels. Read More…Tags: Tax, Tax Planning, Estate Planning
21 04 15 Filed in:
Tax Planning | Tax | BusinessGiven the timing of this inaugural tax blog post, I thought that it would be fitting to discuss tax planning issues that individuals and small businesses should consider now that the April 15th Tax Day has come and gone. So, following the traditions of David Letterman and innumerable other internet sites, I am presenting a numbered list of ideas for you to think about before putting away your tax records for another year.
Read More…Tags: Tax Planning, Tax, Business
