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Welcome From Uphill CPA Firm, S.C.
Click on "Newsletters" for important reminders and year end tax information
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Tax Alerts
Tax Briefing(s)
2025 Year-End Tax PlanningOne Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update
IRS-CI Annual Report Highlights Significant Increase in Financial Crime Detection for FY25 (IR 2025-120)
IRS Criminal Investigation released its Fiscal Year 2025 Annual Report highlighting significant gains in identifying global financial crime. The agency reported a substantial increase in investigative...
IRS Seeks Public Comment on Proposed Voluntary Disclosure Practice Updates (IR 2025-124)
The IRS opened a 90-day public comment period to seek input on proposed updates to its Voluntary Disclosure Practice intended to simplify compliance requirements and standardize penalties. The proposa...
Information Letters Released by IRS (INFO 2025-0006—2025-0008)
IRS information letters have been released by the IRS National Office in response to a request for general information by taxpayers or by government officials on behalf of constituents or on their own...
Applicable Dollar Amount for Health Insurance Plan Fees Announced (Notice 2025-61)
The IRS has announced that the applicable dollar amount used to calculate the fees imposed by Code Secs. 4375 and 4376 for policy and plan years that end on or after October 1, 2025, and before Oc...
Partnership Claimed Deduction for Wrong Year, Penalties Imposed (Corning Place Ohio LLC., CA-6)
A partnership (taxpayer) was denied a deduction for an easement donation related to a property (P1). The taxpayer claimed the deduction for the wrong year. Additionally, the taxpayer (1) substantially...
IL - 2026 withholding payment and return deadlines issued
Illinois issued guidance providing the 2026 deadlines for semi-weekly, monthly, and quarterly withholding tax payments and returns. Publication 131-D, Illinois Department of Revenue, January 2026...
MI - Oil and gas fee announced
The Michigan Department of Treasury has announced that the oil and gas fee remains 1.0% for calendar year 2026. Notice, Michigan Department of Treasury, January 6, 2026...
MN - Updated guidance explains how reciprocity agreements affect withholding tax requirements
Minnesota updated its guidance explaining how reciprocity agreements with North Dakota and Michigan affect Minnesota withholding tax requirements. The guidance explains that employees can be eligible ...
WI - Questions remain regarding possible arm's-length relationship
The taxpayer appealed a Wisconsin Department of Revenue finding that funds transferred from the sole shareholders to a business were non-deductible returns of capital contributions. The taxpayer argue...

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