Attorney Britany Morrison authored an article entitled “Telecommuting: Tax Implications for Employers & Employees,” which appeared in the State Bar of Wisconsin’s newsletter, InsideTrack.
In the article, Morrison addresses a few important tax considerations for employers and employees working remotely.
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.
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Tax & Wealth Advisor Alert: Breaking News–IRS Says Expenses Paid with Forgiven PPP Loans are Deductible
Businesses can now deduct expenses paid for with the proceeds of a forgiven Paycheck Protection Program (PPP) loan. The IRS, in Revenue Ruling 2021-2 issued today, reversed its original position that prohibited businesses with PPP loans from “double-dipping” by paying…
Tax & Wealth Advisor Alert: New Covid Relief Bill Says Expenses Paid with Forgiven PPP Loans are Deductible
Late Monday, Congress passed a $900 billion COVID-19 relief bill that includes a provision that allows business owners to claim tax deductions for expenses covered by Paycheck Protection Program (PPP) loan proceeds. The bill goes to President Donald Trump today,…
European Data Privacy Watchdogs Take New Steps
In the past week, European data protection authorities have found substantial European Union General Data Protection Regulation (“GDPR”) violations and issued corresponding fines against high-profile companies. These decisions are informative for companies doing business in Europe as they indicate clear…
Tax & Wealth Advisor Alert: Estate Planning Considerations for Second Marriages
It is becoming increasingly common for people to get divorced and then remarried. In these situations, one or both spouses entering into a new marriage usually has children from a prior relationship. Anyone who has children from a prior relationship…
Tax & Wealth Advisor Alert: What Property is Subject to Probate?
During the estate planning process, it is important to consider what types of assets make up your estate. Specifically, you should understand the difference between your “probate” and “non-probate” assets. As you might imagine, your probate assets are the ones…
Tax & Wealth Advisor Alert: IRS Clarifies Stance on Deductibility of Expenses Covered by PPP Loans
Yesterday, the U.S. Treasury Department and Internal Revenue Service released guidance clarifying the tax treatment of expenses funded with forgiven Paycheck Protection Program loans. This guidance, Revenue Ruling 2020-27 and Revenue Procedure 2020-51, strengthened the Treasury’s prior position in Notice…
Federal Trade Commission and Enforcement of Privacy Law
As we have mentioned previously, there is no overarching federal data privacy law in the United States. By contrast, the European Union’s General Data Protection Regulation (GDPR) regulates data privacy, including consumer data, in all sectors. Although there is…
Health Care Law Advisor Alert: Vaccine Injury Claims and the Federal Vaccine Court
As the development of a potential COVID-19 vaccine continues, so too do questions about the types of vaccines being developed and how they will be administered. Vaccines offer overwhelming public health benefits, but a small number of individuals who receive…
Tax & Wealth Advisor Alert: A Brief Overview of Wisconsin’s Marital Property System
In general, states are considered either “common law property” or “community property” states. Wisconsin, along with a few other states, is a community property state (community property is referred to as “marital property” in Wisconsin). It is important to understand…