The IRS extended the deadline for individual taxpayers to file and pay taxes to May 17, 2021 in Notice 2021-21. However, Monday, May 17 is the deadline for more than just individual returns. Here is a list of some
O'Neil, Cannon, Hollman, DeJong & Laing S.C.
O'Neil, Cannon, Hollman, DeJong & Laing S.C. is a Wisconsin-based law firm that provides legal services primarily to businesses and their owners. The firm covers a broad range of practice areas including litigation, business law, mergers and acquisitions, banking and creditors' rights, tax planning and controversy, trust and estate planning, labor and employment, inheritance litigation, family law, and real estate and construction. Their publications focus on legal updates, practical guidance, and analysis relevant to these fields, often addressing recent legal developments, regulatory changes, and case law impacting employers, businesses, and individuals in Wisconsin.
Website:
https://wilaw.com
Latest from O'Neil, Cannon, Hollman, DeJong & Laing S.C. - Page 10
Wisconsin Landlord Subjected to Tenancy in Jail
In a published opinion, the Wisconsin Court of Appeals confirmed that landlords who fail to provide timely statements explaining the basis for withholding funds from a residential tenant’s security deposit may be subject to criminal prosecution and potential jail time.…
Tax & Wealth Advisor Alert: Breaking–IRS Says Restaurant Entertainment Expenses Fully Deductible
Businesses can now claim a 100% deduction on restaurant meals through the end of 2022, the IRS announced. The IRS released guidance today, April 8, which temporarily allows businesses a full deduction for food and beverages purchased from restaurants, starting…
Employment LawScene Alert: American Rescue Plan Extends Tax Credits for COVID-Related Leave
By Erica Reib
On March 11, 2021, President Biden signed the American Rescue Plan into law. Among a wide variety of other aims, the $1.9 trillion bill extended tax incentives for certain employers that chose to provide their employees with qualifying paid leave…
$7.5 Million Debt Limitation for Small Business Debtors Extended
On Saturday, President Biden signed into law the COVID-19 Bankruptcy Relief Extension Act of 2021. This act extends the $7.5 million debt limitation under the Small Business Reorganization Act of 2019 (SBRA) for another year, until March 27, 2022.
Last…
FEMA Launches COVID-19 Funeral Assistance Program
By Kelly Condon
Under the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 and the American Rescue Plan Act of 2021, the Federal Emergency Management Agency (FEMA) will provide financial assistance for COVID-19-related funeral expenses incurred after January 20, 2020.
FEMA estimates…
Tax & Wealth Advisor Alert: IRS Officially Delays Tax Deadline to May 17
The Internal Revenue Service (“IRS”) announced late yesterday that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing…
Tax & Wealth Advisor Alert: Breaking–IRS to Delay Tax Deadline to Mid-May
The Internal Revenue Service is planning to delay the April 15 tax filing deadline as it grapples with a massive backlog of 24 million returns it has yet to process since the 2019 tax year. The agency is considering setting…
Employment LawScene Alert: Biden Administration’s Department of Labor Will Upend Many Employer-Friendly Regulations
In this, the final installment in our series discussing the Biden Administration’s workplace initiatives, we will now discuss some of the potential changes forthcoming from the U.S. Department of Labor that employers should note, including changes to the independent contractor…
Want to Challenge a Will? Here’s What You Should Know
By Greg Lyons
If you are upset or disagree with the provisions of a will, you may be wondering if you should challenge it. In this article, we discuss a few grounds for challenging a will and what may happen if your challenge…