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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 Tax Year-in-Review2025 Year-End Tax PlanningOne Big Beautiful Bill Act (Signed Into Law July 4, 2025)
IRS Outlines Key Steps for 2026 Filing Season Readiness
The IRS has issued guidance urging taxpayers to take several important steps in advance of the 2026 federal tax filing season, which opens on January 26. Individuals are encouraged to create or access...
IRS Confirms Supplemental Military Housing Payments Are Not Taxable (IR 2026-09)
The IRS has confirmed that supplemental housing payments issued to members of the uniformed services in December 2025 are not subject to federal income tax. These payments, classified as “qualified ...
IRS Announces New Digital Form 211 for Whistleblower Submissions (IR 2025-123)
The IRS announced that its Whistleblower Office has launched a new digital Form 211 to make reporting tax noncompliance faster and easier. Further, the electronic option allows individuals to submit i...
IRS Highlights Taxpayer Rights Under the Taxpayer Bill of Rights
The IRS has reminded taxpayers about the legal protections afforded by the Taxpayer Bill of Rights. Organized into 10 categories, these rights ensure taxpayers can engage with the IRS confidently and...
FinCEN Postpones Investment Adviser Rule Until 2028 (FinCEN Final Rule RIN 1506-AB58 and 1506-AB69)
The Financial Crimes Enforcement Network (FinCEN) has amended the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Program and Suspicious Activity Report (SAR) Filing Requirements...
IL - Exempt income guidance updated
Illinois updated guidance on income that is exempt from taxation under the U.S. Constitution, federal statutes or treaties, the state Constitution, and state statutes. The publication discusses exempt...
MI - Guidance on deduction for qualified overtime compensation and tips issued
The Michigan Department of Treasury has provided guidance on the new state level income tax deductions enacted by Public Act 24. For tax years 2026 through 2028, taxpayers may deduct qualified tips (d...
MN - Guidance for taxpayers with disabilities updated
Minnesota has updated its guidance on the income tax credits, deductions, and programs available to individuals with disabilities. The guidance discusses the subtraction for taxpayers that are 65 or o...
WI - Online marketplace operator still subject to tax on secondary sales of event tickets
The Wisconsin Department of Revenue appeals a circuit court order reversing a decision of the Wisconsin Tax Appeals Commission (TAC). The TAC found that StubHub, Inc. was subject to the sales tax for ...

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