Featured News

The IRS has rolled out a new online option that will help tax professionals remotely obtain signatures and submit Forms 2848 and 8821 electronically.

Taxpayers need guidance on how ERC and PPP provisions of the Consolidated Appropriations Act, 2021, interact, the AICPA stated in a letter to Treasury and the IRS.

The Department of Revenue (DOR) recently issued a Q&A document to clarify Wisconsin’s tax treatment of Paycheck Protection Program (PPP) loans.

The IRS is warning tax professionals of a two-stage email scam from cybercriminals posing as clients soliciting tax services.

The IRS has provided transition penalty relief to partnerships in complying with new rules for reporting partners’ capital account balances.

Certain individuals will not be subject to the Sec. 6654 penalty on the underpayment of estimated income taxes if the underpayment is solely attributable to the recent repeal of the excess business loss limitations, the IRS announced.

The Wisconsin DOR has updated its instructions to state 2020 income/franchise tax forms, explaining how to report Wisconsin differences from federal law.

The DOR has opened its electronic filing system to manufacturers required to file 2021 Manufacturing Personal Property (M-P) and Real Estate (M-R) Returns (M-Forms).

Notice 2021-11 addresses how employers who elected to defer certain employees’ taxes can withhold and pay the deferred taxes throughout 2021 instead of just the first four months.

The IRS will host a special webinar to highlight major tax changes from a tax forms perspective at 2 p.m. CST on Tuesday, Feb. 2.