Taxation Law Section | State Bar of Wisconsin​

The Taxation Law Section provides information on federal and state tax issues that directly affect practitioners in Wisconsin. The section monitors and proposes Wisconsin tax and administrative procedures and has an email list. As a special project, the section produces a Tax School each December.

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Taxation Law Section | State Bar of Wisconsin​ Blogs

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The Setting Every Community Up for Retirement Enhancement Act (SECURE Act), signed into law by President Trump on Dec. 20, 2019, pointedly changes many requirements for employer-provided retirement plans, IRAs, and other tax-favored savings accounts. While some of the provisions of the SECURE Act may provide taxpayers with great tax savings opportunities, not all the changes are helpful, and there may be steps taxpayers can take to minimize its impact. Below is a summary of the key provisions of the SECURE Act that taxpayers should be aware of now, especially since many of the provisions go into effect in 2020.…
The Internal Revenue Service (IRS) recently announced that, by the end of August 2019, more than 10,000 taxpayers will receive mailed letters relating to virtual currency. The IRS is sending the letters to taxpayers who may have failed to report income, pay taxes, or properly report virtual currency transactions. For this purpose, virtual currency includes cryptocurrency and non-crypto virtual currency, including Bitcoin, Ether, and JPM Coin. Kelly Kuglitsch, DePaul 2002, is an attorney with O’Neil, Cannon, Hollman, DeJong and Laing in Milwaukee, where she practices in employee benefits and compensation. Britany Morrison, Marquette 2014, is an attorney with…
Under the Tax Cuts and Jobs Act of 2017, new rules were established that allow taxpayers to defer capital gain from the sale of assets to unrelated persons by investing in a Qualified Opportunity Zone. Qualified Opportunity Zones Qualified Opportunity Zones are mostly high-poverty, low-income census tracts in which the federal and state governments wish to encourage investments. The aim is to spur economic development and job creation in distressed areas of the country. In early 2018, governors of each state and U.S. territory nominated candidate zones, which were subsequently certified as Qualified Opportunity Zones by the U.S. Treasury Department…
The U.S. Supreme Court heard oral arguments in the case of South Dakota v. Wayfair, Inc. et al. on Tuesday, April 17. South Dakota asked the Court to revisit Quill Corp. v. North Dakota’s physical-presence rule and uphold the constitutionality of South Dakota’s sales tax nexus law. In 1992, the Court ruled in Quill that the Constitution’s dormant Commerce Clause prohibits the states from imposing a sales tax collection obligation on out-of-state retailers that do not have a physical presence in the state, reaffirming the physical-presence rule it established in the 1967 National Bellas Hess Inc. v. Illinois Department…
As the summer breezes begin to bring tourists into Wisconsin, various nonprofit enterprises, like churches and chambers of commerce, are holding their events and enjoying the great Wisconsin outdoors. Robert A. Mathers (William Mitchell 1990) is a 20-year veteran of the accounting industry. He practices business and tax law as a shareholder at Von Briesen & Roper, S.C., Oshkosh. While sales tax could not be further from most people’s mind, Wisconsin’s taxation of occasional sales by these entities can be an expensive and unforeseen misfortune. On April 15, Governor Scott Walker signed into law Assembly Bill 553, which increases the…
Dear Taxation Section Members, We’re excited to announce the launch of a new blog for the State Bar of Wisconsin Taxation Section! This blog is designed to deliver the latest news, practical advice, and valuable resources that focus on tax matters. Why a Blog? We chose to create a blog because it combines the benefits of a newsletter with the timeliness and immediacy of online communication. Blogs bring many advantages: Easy to read Can be updated frequently with the latest news and developments Link to additional information and related blogs, including those written by our members Posts can be shared…