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IRS Announces 2017 Estate and Gift Tax Limits and Mileage Reimbursement Rate

IRS Announces 2017 Estate and Gift Tax Limits and Mileage Reimbursement Rate

By Jacqueline L. Messler The IRS has announced the 2017 inflation adjusted numbers for several important gift and estate tax exclusions. Each year, several key gift and estate tax exclusions are adjusted for inflations, including the estate tax exclusion, the annual gift tax exclusion, and the estate tax deduction for decedents dying with certain...

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Change in Sales and Use Tax Affects Contractors, Municipalities and Nonprofits

Change in Sales and Use Tax Affects Contractors, Municipalities and Nonprofits

By Susan G. Schellinger Certain local Wisconsin governmental entities and nonprofit organizations have historically been exempt from payment of sales and use tax. Under a change in Wisconsin law which took effect on January 1, 2016, contractors may purchase construction materials on behalf of certain tax-exempt entities and organizations without...

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