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Attention Employers: The IRS May Be Googling Your Employee Benefits Communications

Attention Employers: The IRS May Be Googling Your Employee Benefits Communications

By Mark G. Kmiecik Public sector and tax-exempt employers in Wisconsin should be aware that the IRS appears to be targeting section 403(b) plans for examination. Prior to and during recent IRS examinations of 403(b) plans in the state, we have learned that the audit trigger more than once was the IRS’s review of the employers’ websites for...

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Is Your Estate Plan Jeopardizing your S-Corporation?

Many of us are familiar with the basic S-corporation mantra – avoid the so-called double taxation of regular C-corporations, all while maintaining the limited liability and practical advantages of a corporation. While many business owners engage in detailed planning to ensure compliance with Subchapter S of the Internal Revenue Code in order to...

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Attention Employers: The IRS May Be Googling Your Employee Benefits Communications

Corporate Attorney Authors Article for the The Journal of Accountancy

Corporate and Tax attorney Mark Kmiecik authored an article in the April edition of the Journal of Accountancy (JofA), a flagship publication of the American Institute of Certified Public Accountants. The article addresses the responsibilities tax practitioners must take when considering to file a UTP. To read the full article, please visit, the...

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When a Retiree Returns to Work, WRS, ACA, and Tax Rules Impact Public Employers

As described in our February 23, 2015 Client Update, “Act 10 and Total Employee Compensation,” rules under the Wisconsin Retirement System (WRS) affect public employees throughout the employment life-cycle, from the initial determination of WRS eligibility through the termination of employment. An individual’s employment life-cycle is sometimes...

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IRS Form 1023-EZ: Nonprofits Rejoice – but is the Potential for Fraud Real?

On July 1, 2014, the Internal Revenue Service (IRS) released Form 1023-EZ, a streamlined alternative to the venerable IRS standard-bearer in the world of nonprofits – Form 1023 Application for Recognition of Exemption Under Section 501(c)(3). The original Form 1023, weighing in at a robust 26 pages (including 7 schedules), can be burdensome,...

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Attention Employers: The IRS May Be Googling Your Employee Benefits Communications

Year-End Strategies Pave the Way for Minimizing Your Tax Burden in 2015

By Mark G. Kmiecik The final months of 2014 are a great time to finalize your tax planning opportunities and set the stage for minimizing your tax outlay in 2015. As a business owner, please be aware that in the wake of the election, sources indicate tax extenders are likely to pass, with some differences between the two houses in Congress being...

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Wisconsin’s New Trust Code: Ten Important Aspects Impacting Estate Plans

By Mark G. Kmiecik & Charles G. Maris On July 1, 2014, Wisconsin’s New Trust Code (“WTC”) takes effect making Wisconsin the 29th jurisdiction to adopt a version of the Uniform Trust Code (“UTC”). The UTC grew out of the realization that modern era trust business is now globalized like the economy, and that a uniformity of trust laws is...

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