Many people are still confused by the new tax cuts, and what it means to them. If you have college aged students or 529 Savings Accounts, here’s a quick look into the changes. Tuition waivers remain in place Graduate students still won’t have to pay income taxes on the tuition waiver they get from their… Read More


The end of the year is approaching.  There are two good things to review every year to help with your financial knowledge and growth.  One is reviewing your social security statements. The other is to review your credit report. Social Security statements – receive a yearly Social Security statement.  Good tool to have to estimate… Read More


The IRS and the Treasury Department have unveiled a new postcard-sized version of the Form 1040, planning to replace the current 1040, 1040A and 1040EZ for the next tax season. According to the Internal Revenue Service they removed everything except for the strictly necessary information, and placed it on supplemental schedules.   The new 1040… Read More


School starts in August and with it come all of the shopping trips – new school clothes, school supplies, new computers, and a host of other things. Imagine a world where for just a few days there was no sales tax. Think about how much money you could save. Well, you are getting your wish!… Read More


Driving to a client meeting, running to the post office and stopping at the bank can rack up the miles. Business mileage deductions can really add up, so if you or your employees are using a vehicle for business purposes, you may qualify for a business mileage deduction on your tax returns. What is a… Read More


Sound fiscal management and a strong economy have resulted in a state budget surplus of almost $400 million for the State of Wisconsin. Governor Walker and the State Legislature have determined that some of the surplus should be returned to the taxpayers in the form of a Child Sales Tax Rebate. It is a $100… Read More


Tax season is always a busy time for scammers trying to gain access to sensitive information, but this year attacks are coming earlier and in greater numbers than usual. The uptick has caused the IRS to release an urgent alert warning employers to be on the lookout for what they’re referring to as “one of… Read More


copied from the IRS.gov website: IR-2018-01, Jan. 04, 2018 WASHINGTON ― The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February. The IRS will begin accepting tax returns on Jan. 29, with nearly… Read More


This is the question that all Americans are asking right now, and to be honest we don’t know for sure. However, there are some things that you can do to protect yourselves in 2018. Personal Exemptions We are quite confident that the personal exemptions will be going up. While this is a good thing, it… Read More


The IRS has released Revenue Procedure 2016-55 <https://www.irs.gov/pub/irs-drop/rp-16-55.pdf>, which provides annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules and other tax changes. The tax items for tax year 2017 of greatest interest to most taxpayers include: *   The standard deduction for married filing jointly rises to $12,700 for tax… Read More