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The Tax Cuts and Jobs Act provides that a conversion of a traditional IRA, SEP or SIMPLE to a Roth IRA may no longer be recharacterized if the conversion occurs in 2018 or thereafter. However...
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It has been commonly reported that the Tax Cuts and Jobs Act doubled the lifetime exclusion for gift and estate taxes from $5.6 million to $11.2 million for single taxpayers and from $11.2 million to $22.4 million for couples. However...
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The U.S. Supreme Court has agreed to hear a lawsuit brought by the state of South Dakota challenging a 26-year-old ruling that has prohibited state and local government from collecting sales taxes from online merchants and other remote sellers. Read more here...
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In the spirit of the New Year, this article provides a list of seven easy resolutions you can make to keep your computer and your data safe in 2018. Read more here...
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The Tax Cuts and Jobs Act has reduced individual income tax rates for 2018. This suggests that employees who withhold federal income tax from each paycheck should be able to reduce the amount of tax that they withhold from each check in 2018. Read more here...
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2018 state and local real property taxes that are both assessed and paid in 2017 may be fully tax deductible in 2017 for taxpayers who itemize their deductions. Unfortunately, Wisconsin state law does not assess, or allow payment of, 2018 property taxes in 2017.
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