When tax season arrives, one of the most common questions couples ask is whether they should file Married Filing Jointly or Married Filing Separately. It’s a simple choice on the surface, but the tax impact can be dramatic. For most couples, filing a joint return provides lower tax brackets, more credits, and a better overall outcome. Many people are surprised by how much money is left on the table when they choose the wrong filing status, especially if they’re preparing thei

Scams targeting taxpayers are almost as old as the income tax itself. As technology has evolved, so have the tactics scammers use to impersonate the IRS, steal personal information, or trick individuals into sending money. Understanding the history of these schemes can help taxpayers recognize warning signs and stay protected, especially during busy filing seasons when people are more focused on paperwork than potential fraud. At our firm here in Green Bay, we see firsthand h

Owning rental property can be a powerful wealth-building tool, but the tax rules can feel overwhelming. The good news is that with some basic education and good planning, you can turn the tax code into an asset instead of a headache. Whether you own a single duplex or several units around Green Bay, understanding how rental income is taxed helps you keep more of your cash flow. First, rental income is generally taxable in the year you receive it, including rent, advance rent,

✅ What’s new under OBBBA The OBBBA permanently restores 100% bonus depreciation for most qualified property that is acquired and placed in service  after January 19, 2025. ( RSM US ) For property acquired (via a binding contract) on or before  January 19, 2025 (even if placed in service later), the full 100% does not apply — instead those assets remain subject to the earlier phase-down rules (for example, 40% bonus depreciation for 2025) unless the taxpayer elects otherwise.