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Currently, Wisconsin handles the taxation of PPP loans differently than the federal rules. Unless Wisconsin changes its rules, expenses paid with PPP funds are not deductible for Wisconsin tax purposes, even though it is deductible for Federal purposes.
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The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.
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Willms-O’Leary, S.C. is entering the new year with a new name: “O’Leary-Guth Law Office, S.C.”
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So far, 2020 has been a banner year for investors. Hopefully, the stock market rally has led to capital gains in your portfolio. If so, you may be wondering whether it might make sense to pay taxes on some or perhaps all of those gains before possible tax law changes that could result from the election of Joe Biden as President. Typically, accelerating the taxation of capital…
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As we enter the countdown to the November election, the likelihood of a so-called “blue wave” (where Democrats capture the White House and both houses of Congress) appears to be growing. At least five…
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Much is at stake in the upcoming election. Democratic and Republican politicians seem to disagree on just about everything. The taxation of gifts and inheritances is one of the areas where the philosophical differences between the two parties is the greatest.
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