Featured News
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Gov. Evers signs two bills related to LLCs
Gov. Tony Evers signed 43 bills on Friday, April 15, including two bills that simplify Wisconsin’s tax code for limited liability companies (LLCs).
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Treasury equity action plan reports progress
Although the busy season has ended, Treasury and the IRS are still gathering feedback and looking ahead to make the tax system more equitable and fairer, according to a new equity action report.
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Chance of economic contraction in next two years 35%, says Goldman Sachs
Goldman Sachs Group Inc. has placed the odds of an economic contraction over the next two years at about 35%.
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Lockdowns in China causing tech product delays
Many technology suppliers in China have shut down operations because of eastern China's COVID-19 lockdowns.
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PCAOB seeks comments on new auditing requirements
The PCAOB seeks comments on new requirements for auditing accounting estimates and fair value measurements and using the work of specialists.
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DWD reports good news in BLS March jobs data
Data from the Bureau of Labor Statistics for the month of March shows Wisconsin’s preliminary unemployment rate dropped to a new low of 2.8% and the number of employed residents hit a new high.
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IRS letters to warn taxpayers about possible QOF actions needed
The IRS is preparing taxpayers who may need to act regarding additional qualified opportunity funds (QOFs) for letters this month.
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Taxpayers reminded to request IP PIN for added security
The IRS is reminding taxpayers — particularly those who are identity theft victims — to request an Identity Protection PIN (IP PIN) from the agency.
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WICPA board chair named state controller
The WICPA’s board chair, Angela C. Thomas, CPA, was recently named state controller of Wisconsin.
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NTA calls for more time to contest denial of refund or credit claim
The National Taxpayer Advocate recently recommended a temporary postponement of the two-year time limit for taxpayers to file a lawsuit.