President Trump unveiled a budget proposal for the 2021 fiscal year. Of note, the income tax and estate tax cuts provided in the Tax Cut and Jobs Act of 2017 which are scheduled to expire on January 1, 2026, are being extended in this proposal to 2035. This includes the increased estate tax exemption of $11 million per person, plus annual cost of living increases. It remains to be seen how Congress will respond to this proposal.
O’Neil Cannon recently secured a victory before the Wisconsin Supreme Court. On January 22, 2025,…
The IRS has issued new guidance on its phased rollout of 1099-K reporting requirements. This…
Attorneys Christina Ruud and Cate Heerey, both experienced Milwaukee attorneys, have joined O’Neil Cannon. Ruud…
Newsletter Article Highlights: What to Expect for Tax Policy in 2025 After Trump’s Election Victory…
Attorneys Brady Dettmann and Mark Hamilton Jr., both graduates of Marquette University Law School, have…
The U.S. Fifth Circuit Court of Appeals reinstated a nationwide injunction on the reporting of…
