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WI Sales Tax Holiday - August 1-5, 2018
Sales of certain items are exempt during a five-day
period in August 2018.
The temporary exemption period, referred to as a sales tax holiday,
will begin on Wednesday, August 1, 2018, and continue through Sunday,
During the sales tax holiday, the following
items are not taxable:
- Clothing, if the sales
price of any single item is $75 or less
- A computer purchased by a consumer for the consumer's personal
use, if the sales price of the computer is $750 or less
- School computer supplies purchased by the consumer
for the consumer's personal use, if the sales price of any single item is $250 or less
- School supplies, if
the sales price of any single item is $75 or less
File Using a Postcard &
The IRS released the postcard version of all 1040 forms. Is it easier or
You decide. The postcard lists the taxpayer and/or spouse info,
address, two lines for
dependents, abbreviated income, and financial
info on 2 pages. That's it. Need
more? There are six (6) additional
schedules, Sch 1, Sch 2, etc. In total 8 pages, which
basically is a
breakdown of the new 2 page 1040.
The new 1040 basically combines several items on one line.
Example: The Earned Income Credit, Child Tax Credit, Educational Credit,
and Other credits are listed as a total on one line instead as each on
We hope your visit will be a
helpful, informative, and offer a resourceful tool, for you, our valued clients and visitors. Together with the latest
innovations we endeavor to continue to provide the highest quality of professional service and guidance for
both online and in person, at an affortable cost.
As you browse
you will see that we have kept it simple yet possible to address the most complicated issues.
In addition, we have provided for
your use many links to external web sites that we felt
would be of interest to our clients and visitors.
Use the "Internet Links" on the navigation bar for access to important sites.
Phone scams, e-mail scams, mail scams, etc. scams: They are everywhere. If you receive one do not reply and contact our office or simply hang up.
The IRS does not threaten to send the police to collect taxes. If you owe the IRS you will receive
notification via the mail (yes, even mailed notices can be fake),
several times, and eventually certified mail. Never under any circumstance give any information
over the phone. In short, disregard all phone calls
forward written notices to our office.
Marketplace: Usually if you receive your Marketplace form 1095-A after
filing your taxes and do not receive an IRS notice you probably are due a refund. If you receive
a Marketplace notice and owe to the IRS, you will receive an IRS notice.
Either way, mail or bring in your Marketplace form 1095-A to our office.
Please Note: IRS data must match Marketplace data. If not, returns
Planning (Basic): You should have 6 months of expenses in cash savings in case of
an unforeseen event. Only about 28% of US citizens have this set aside.
Early distributions from an IRA. etc., can result in additional taxes of 35% to 65%.
Visit the US debt Clock (also Homes, Autos, Energy, Gold, etc.)