Best Tax Attorneys in Milwaukee

Frequently Asked Questions

• Where does the Tax Court hold trial sessions closest to Milwaukee, Wisconsin?

  In Milwaukee, the Tax Court holds trial sessions at Room 498 of the Federal Building & U.S. Courthouse at 517 E. Wisconsin Avenue.

• Where is the low-income taxpayer clinic that is closest to Milwaukee, Wisconsin?

  The low-income taxpayer clinic in Milwaukee is located at 633 W. Wisconsin Avenue, Suite 2000.

• Are Milwaukee residents required to make estimated tax payments?

  Yes. Milwaukee follows state laws, which require residents to pay taxes as soon as their income becomes available to them. Generally, they should make quarterly estimated tax payments if their expected income tax return has a balance of $500 or more. Employers usually withhold income tax from employees' wages, while self-employed individuals can make the payments independently, possibly every month or quarter. Failure to do so can result in penalties and interest.

• If one files for bankruptcy in Milwaukee, will their outstanding tax liabilities be discharged?

  There are certain instances when tax debt can be discharged when one files for bankruptcy in Milwaukee. Individual income tax liability may be discharged if the requirements outlined in the bankruptcy code are met. Consulting with a tax attorney can help one better understand their situation and their available options.

• Who pays for income taxes on alimony in Milwaukee?

  Effective January 1, 2019, the spouse providing the alimony or spousal support also pays its income tax in Milwaukee. Before tax law reforms were passed in 2017, alimony was considered the taxable income of the person receiving it. However, new laws flipped this rule, relieving those receiving the alimony from the burden of paying associated taxes.

• Can alimony payments be contributed to retirement accounts in Milwaukee?

  No. This is because only taxable income can be used for one's IRA or 401(k)s. Since alimony payments are no longer considered taxable income under the new tax laws and are essentially tax-free, they cannot be part of one's retirement savings in Milwaukee.

• If a Milwaukee resident receives income earned in another state, should that be declared in their tax return?

  Yes. Milwaukee follows Wisconsin laws, which require that all income received by an individual residing in the state should be reported regardless of where the income originated. That said, if a Wisconsin resident is working in either Illinois, Indiana, Kentucky, or Michigan, their income will only be taxed by Wisconsin and not by the state where their workplace is.