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.
Joseph Boucher, John Rather, Ron Bote, and Andrew Seifert discuss the mechanics and legal structure involved in starting a limited liability law firm as well as the tax treatment of such entities.
With tariffs and international trade in the news on a nightly basis, clients are paying close attention to the impact tariffs have on their business – especially if any of their supply chain relies on imports from abroad. Collin F. Schaefer encourages lawyers to take an important first step to helping those clients by learning to understand the Harmonized Tariff Schedule.
While the personal property tax on machinery, tools, and patterns in Wisconsin was eliminated on Jan. 1, 2018, confusion still exists about what is or is not exempt. John Schulze discusses this new area of tax exemption and what it applies to, and gives tips on what to do if your client believes their property is taxed unfairly.
The Tax Cuts and Jobs Act of 2017 contained a powerful new tax incentive, albeit one of limited duration, intended to funnel capital to distressed communities. Michael Lokensgard discusses the details of investing realized capital gains into Qualified Opportunity Zones – census tracts that meet the U.S. Treasury Department’s definition of “low income.”
The passage of the Tax Cuts and Jobs Act brings significant changes to the structure, financing, and agreements in mergers and acquisitions transactions. James Phillips details the more noteworthy provisions that apply in 2018 and beyond.
Land enlisted for timber growth before 1986 is exempt from property tax under state law, but a “severance tax” on timber applies to expired contracts unless the landowner is a sovereign Indian Tribe, a state appeals court recently ruled.
New rules effective after Dec. 31, 2017, not only will affect clients, but also potentially the entity in which the law firm itself conducts business. Existing partnership instruments likely will need to be modified. Here’s what you need to know.
The Internet marketplaces has changed the retail landscape, and many believe the time has come to update the sales tax treatment of e-commerce transactions crossing state lines. This article presents an overview of sales and use taxation, the current tax treatment of e-commerce transactions across state lines, and potential legislation and judicial action related to e-commerce retailers.
A state appeals court has upheld a City of Milwaukee ordinance that requires city employees to be residents of the city, rejecting claims that the city’s ordinance is trumped by a state law, enacted in 2013, that abolished local residency requirements for workers as a matter of “statewide concern.”
June 17, 2015 – Scammers are posing as IRS agents and leveraging the fears and misunderstandings of people nationwide to extract payments in the name of tax debt. In this article, tax attorney Rob Teuber explains that scam and urges attorneys to inform clients.