Tax reform brings changes to real estate rehabilitation tax credit

Rehabilitation Tax Credit: The rehabilitation tax credit offers an incentive for owners to renovate and restore old or historic buildings. Tax reform legislation passed in December 2017 changed when the credit is claimed and provides a transition rule: The credit is 20 percent of the taxpayer’s qualifying costs for rehabilitating a building. The credit doesn’t […]

Final Notice: Tax Extensions Coming Due

2017 Tax Extensions are coming Due! Business Returns Due September 17, 2018 Individual Returns Due October 15, 2018 Note:  In order for tax returns to be complete by the due dates above, information must be received by our office no later than these dates: Business Returns – September 7, 2018 Individual Returns – October 5, […]

Real Estate Professionals: Like-Kind Exchanges & Rehabilitation Credit

1031 Like-Kind Exchanges Applies to Only Real Property: Like-kind exchanges are the exchange of real property used for business or held as an investment solely for other business or investment property that is the same type or “like-kind”. This has long been permitted under the Internal Revenue Code for all business property such as real […]

Tax Reform & Your 2018 Tax Return

Wondering how the new Tax Law will impact your tax return? Over the next week, we will be sending our 2017 clients a letter of the specific items that were reported on their 2017 tax return that, if reported in 2018, may be impacted for 2018 by Tax Cuts and Jobs Act.  This is just […]

Summer Tax Reminders!

WI – Child Sales Tax Rebate – Hurry ends July 2, 2018 If you haven’t already, applications are being accepted by the Wisconsin Department of Revenue to claim $100 rebate for Wisconsin Sales and Use Tax paid on purchases made for raising a qualified child in 2017. Hurry, applications must be received by July 2, […]

Today’s Blog Has Gone to the Dogs!

Tax Dollars for Saving Paws Animal Rescue As our tax season as come to an end, we are donating $873.75 to the fund-raising efforts of the new transport van for Saving Paws Animal Rescue! Thank you to all those who help us help others in our community!   “Can I claim my dog as a […]

Wisconsin Child Sales Tax Rebate – Claim May 15 – July 2, 2018!

Only in Wisconsin….Did you know you can claim a Child Sales Tax Rebate? Yes, this is true! You may be eligible for a $100 rebate for Wisconsin Sales and Use Tax paid on purchases for raising a qualified child in 2017. Applications for the rebate will be accepted May 15, 2018 – July 2, 2018 by […]

Community Events & Easter Activities in Appleton!

BABES Inc Hats Off Lip-Sync Challenge Early Bird Registration Ends March 31!   BABES Inc Lip Sync Challenge and the Hats Off! 2018 Awards and Reception Event. When: Friday, April 27, 5:00 PM – 10:00 PM Where: The Radisson Paper Valley Hotel Ballroom in Appleton Cost: Early Bird pricing $60 until March 31, $75 after, […]

2014 Tax Returns Must be Filed by April 17, 2018 to Receive a Refund! 4 Tips to Find Unclaimed Money!

2014 Tax Returns Must be Filed by April 17, 2018 to Receive a Refund. IRS Estimates $1.1 billion waiting to be refunded. IRS estimates $13,041,800 waiting to be refunded just to those in the State of Wisconsin!   Unclaimed federal income tax refunds totaling about $1.1 billion may be waiting for an estimated 1 million […]

Tax Updates For Your Reading Pleasure

Congress Passes Bipartisan Budget Act of 2018:  On 2/9/18, Congress passed, and the President signed into law, P.L. 115-123—the Bipartisan Budget Act of 2018 (Budget Act). In addition to funding the federal government through March 23, the Budget Act retroactively extends through tax year 2017 over 30 extender provisions. These include the deduction for qualified […]