Individual

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

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

Completed Contract Decision Gives Developers Wide Latitude

By Joseph E. Tierney, IV The United States Tax Court recently decided in the taxpayer's favor in a matter pertaining to the taxpayer's interpretation of the completed contract method of accounting. Under this method, profits from the sale of homes are deferred until the tax year when the builder has incurred 95% of the project’s total cost. In...

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New Wisconsin Crowdfunding Law Designed to Help Businesses Raise Capital

New Wisconsin Crowdfunding Law Designed to Help Businesses Raise Capital

By Scott E. Fiducci To facilitate investment in Wisconsin businesses, on November 7, 2013 Governor Scott Walker signed the CASE (crowdfunding and securities exemptions) for Jobs Act (2013 Wisconsin Act 52) (the "Act") into law, creating a state securities law exemption enabling Wisconsin businesses to raise up to $2 Million via online...

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Are You Protecting Your Digital Assets?

Now more than ever, the Internet is a repository for information from all aspects of our lives – everything from essential financial and email accounts to social networks and your family photo albums. As more and more people transition their financial lives from the file cabinet to the cloud, what should you be doing to ensure that your digital...

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Estate Planning for Your Animal-Loving Clients | Association of Women Lawyers

Estate Planning for Your Animal-Loving Clients | Association of Women Lawyers

Trusts, Estates and Succession Planning Attorney Jacqueline L. Messler presented to members of the Association for Women Lawyers on Wednesday, January 16, 2019. Her presentation, Estate Planning for Your Animal-Loving Clients addressed the common pitfalls of not having an estate plan, essential items to include in the estate plan, and the types...

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Strafford Webinar | Reconciling State and Federal Audits After New IRS Partnership Audit Regulations: Tax Reporting Challenges

Strafford Webinar | Reconciling State and Federal Audits After New IRS Partnership Audit Regulations: Tax Reporting Challenges

Tax attorney, Mark G. Kmiecik will be participating on a panel discussion titled, “Reconciling State and Federal Audits After New IRS Partnership Audit Regulations: Tax Reporting Challenges”. In light of the new partnership audit rules that have a significant impact on trusts holding partnership assets, this discussion will look at the impact of...

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Estate Planning for Your Animal-Loving Clients | Association of Women Lawyers

Succession Planning: Continuing Your Legacy | AGC of Greater Milwaukee

Trusts, Estates and Succession Planning Attorney, Jacqueline Messler will be participating in an informational panel discussion with the Association of General Contractors (AGC) of Greater Milwaukee entitled, Succession Planning: Continuing Your Legacy. This discussion will address critical questions for business owners to consider when making a...

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