News

February 2007 Issue

Top Stories

• New Tax Laws Create More Opportunities, Challenges
  Three tax laws enacted in the past year have created a wealth of opportunities for tax planning for both businesses and individuals. In addition, both can claim a telephone excise tax refund.

• Home and Office
  Not unexpectedly, the Internal Revenue Service (IRS) encourages taxpayers to get a head start on their tax preparation, especially since early filers avoid the last minute rush and get their refunds sooner.

• Property Tax Proration
  Benjamin Franklin is famous for saying the only things certain in life are death and taxes. It might also be said that in every real estate transaction it is certain there will be a proration of the real estate taxes.

• Full Disclosure
  The Wisconsin Court of Appeals recently issued an unpublished opinion in Thomas v. Pringle (Case No. 2006AP697) that could impact anyone involved in the sale or development of agricultural land.