Featured News
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Congress to hear from IRS commissioner on filing season
IRS Commissioner Charles Rettig will report on the current filing season to the House Ways and Means Committee’s Oversight Subcommittee on March 17.
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IRS now using chatbots for certain calls
The IRS is now using voice and chatbots on two of its specialized assistance phone lines to help taxpayers with simple payment or collection notice questions.
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Biden addresses crypto in executive order
President Joe Biden has signed an executive order on cryptoassets that encourages the Federal Reserve to determine if developing its own digital currency makes sense.
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Beware charity scams associated with Ukraine crisis
Many Wisconsinites want to help besieged Ukrainians right now by contributing to associated charities, but potential donors should beware of scams taking advantage of the crisis.
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SEC proposes new rules for cybersecurity reporting
The SEC wants to amend its rules for cybersecurity reporting to enhance and standardize public company disclosures regarding risk management, strategy, governance and incident reporting.
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IRS aims to reduce backlog by hiring 10K workers
The IRS aims to use an expedited hiring process to hire about 10,000 workers to help the agency reduce its backlog of millions of unprocessed tax returns and other mail.
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DOR updates guidance for RRF grant tax exemption
Updated guidance from the DOR reflects the newly enacted income and franchise tax exemption for businesses that received Restaurant Revitalization Fund (RRF) grants.
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New guidance released on paid leave tax credits
The IRS recently published new guidance on tax credits available for paid sick and family leave under the American Rescue Plan Act.
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IRS to grant filing extension to farmers, fishers
Saying that it is aware of a third-party software issue affecting qualifying farmers and fishers attempting to e-file Forms 7203, the IRS intends to grant them filing extensions.
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Gov. Evers signs bill that helps restaurants recover from pandemic
Gov. Tony Evers on Monday, March 7, signed into law a bill that helps Wisconsin restaurants recover and rebound from the COVID-19 pandemic.