Micrografx Designer 7 - 2008-4.dsf by theolduni

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         V o lu m e X IX , N u m b e r 4                                 C re a te d E s p e c ia lly fo r M e m b e rs o f W is c o n s in C h a p te r o f N A T P                                       O c to b e r 2 0 0 8

                                 F A L L S E M IN A R                                                                                 E S T IM A T E D                         T A X          V O U C H E R S
                                    It’s n o t to o la te to p la n o n th e a tte n d in g th e W I                                                T h e d e p a rtm e n t h a s re c e iv e d q u e s tio n s fro m a n u m b e r
 N A T P A n n u a l c o n fe re n c e a n d fa ll s e m in a r w h ic h w ill                                            o f p re p a re rs a b o u t w h y th e ir s o ftw a re v e n d o rs p rin t
  b e h e ld a t D a le s W e s to n In n & M o u n ta in B a y 5 9 0 2                                                    e s tim a te d ta x v o u c h e rs o n e p e r p a g e . T h e a n s w e r is
   S c h o fie ld A v e W e s to n , W I. T h is c o m p le x c o n s is ts o f                                             b e c a u s e D O R in s is ts th a t v e n d o rs d o th is in D O R ’s
    th e W e s to n In n a t 5 8 1 0 S c h o fie ld A v e a n d th e b o w lin g                                             s p e c ific a tio n s . D O R u n d e rs ta n d s th a t th is is p e rc e iv e d a s
    a lle y a n d c o n fe re n c e c e n te r (M o u n ta in B a y ) n e x t d o o r.                                        a w a s te o f p a p e r a n d is c o n s id e re d in e ffic ie n t. B e h in d
     (W e h a d o u r s u m m e r b o a rd m e e tin g h e re a n d th e                                                       D O R ’s s p e c ific a tio n is a c tu a lly a re q u ire m e n t fo r
     c o n fe re n c e ro o m s a re s e p a ra te d fro m th e b o w lin g a lle y                                             s u c c e s s fu l a u to m a te d p ro c e s s in g o f y o u r c lie n ts ’ ta x
      s o w e d id n o t h e re th e s o u n d o f p in s c ra s h in g !!) W e s to n                                           p a y m e n ts .
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       S te v e n s P o in t. T a k e e x it 1 8 7 to m e rg e o n to W I-2 9                                                     m a c h in e s th a t re a d a s c a n lin e . T h e p la c e m e n t o f th e s c a n
        h e a d in g e a s t ( to w a r d G r e e n B a y ) f o r 3 .4 m ile s . A t e x it
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         1 7 3 f o r C a m p P h illip s R d /C ty X , d r iv e 0 .3 m ile s to w a r d
                                                                                                                                   b o tto m o f th e fo rm a n d 1 /2 in c h fro m th e rig h t s id e o f th e
          W e s to n a n d a fte r tu rn in g le ft a t C a m p P h illip s R d d riv e
                                                                                                                                    fo rm . T h e re c a n b e n o o th e r m a rk in g s in th e s c a n lin e
           a n o th e r 0 .8 m ile s . T u r n r ig h t o n C ty J J /S c h o f ie d A v e
            a n d c o n tin u e f o r 1 .2 m ile s . T h e c o n f e r e n c e c e n te r w ill                                     a re a w h ic h is th e b o tto m in c h o f th e fo rm .
             b e o n y o u r le ft h a n d s id e .                                                                                                   T h e s c a n lin e c o n s is ts o f (1 ) L o c k B o x N u m b e r, (2 )
                                    T o re s e rv e a ro o m a t th e W e s to n In n , a t a c o s t o f $ 5 9                      T a x T y p e C o d e , ( 3 ) P o s t i n g C o d e ( a l m o s t a l w a y s a '1 ' f o r
              fo r s in g le o r d o u b le (m e n tio n th a t y o u a re w ith th e                                                 a u to m a te d ), (4 ) th e " s y s fre e " a re a w h ic h in c lu d e s th e ID
              W IN A T P ) p le a s e c a ll (8 6 6 ) 9 1 2 -9 9 5 5 .                                                                 ty p e , ID N u m b e r , p e rio d e n d d a te , v o u c h e r ty p e , b ill ID ,
                                     T h u rs d a y e v e n in g th e re w ill a R o u n d T a b le                                    a n d C h e c k D ig it, (5 ) fille rs , a n d (6 ) a m o u n t d u e . T h is
               D is c u s s io n , w h ic h h a s b e c o m e a v e ry p o p u la r e v e n t,                                          s ta n d a rd is fo llo w e d w ith a ll v o u c h e rs p ro c e s s e d a t th e
                fro m 6 -8 P M . D u e to th e flo o d in g a n d e c o n o m ic                                                         b a n k fo r th e d e p a rtm e n t.
                p ro b le m s in W is c o n s in , th e to p ic s fo r th e F rid a y                                                                  A n o th e r o p tio n w o u ld b e to e n c o u ra g e m a k in g
                 c o n fe re n c e h a v e b e e n c h a n g e d to fo re c lo s u re s ,                                                 e s tim a te d ta x p a y m e n ts e le c tro n ic a lly . A lm o s t a ll
                  c a n c e lla tio n o f d e b t a n d c a s u a lty lo s s p ro b le m s . T h e                                         p a y m e n ts c a n n o w b e m a d e to th e d e p a rtm e n t u s in g
                   s p e a k e r w ill b e H e le n O ’P la n ic k o f P e n n s y lv a n ia .                                              e le c tro n ic fu n d s tra n s fe rs (E F T ) a n d d o in g s o e n a b le s
                    H e le n is a p o p u la r s p e a k e r fo r b o th N A T P a n d N A E A .                                             y o u r c lie n ts to re c e iv e a n a c k n o w le d g m e n t th a t th e ir
                     T h e re w ill a ls o b e a s e s s io n o n w h a t’s n e w in W is c o n s in                                          p a y m e n t w a s re c e iv e d .
                      u n e m p lo y m e n t ta x e s . T h e fe e w ill b e $ 1 2 5 fo r m e m b e rs                                                  V is it h ttp : //w w w .r e v e n u e .w i.g o v /e s e r v /e ftg e n .h tm l f o r
                       a n d $ 1 5 0 fo r n o n -m e m b e rs.                                                                                 m o re in fo rm a tio n .
                                      T h e c h a p te r b o a rd d e c id e d to s ta rt a s c h o la rs h ip fu n d ,
                        s o if y o u h a v e a n ite m y o u w o u ld lik e to d o n a te fo r a
                         s ile n t a u c tio n , b e s u re to b rin g it a lo n g . T h is c a n b e a                                      Q U IC K F IN D E R                              R E B A T E S
                          g ift c e rtific a te , s u p p lie s fo r th e o ffic e , o r a g ift fo r
                           C h ris tm a s .                                                                                      T h a n k y o       u to a ll w h o h a v          e o rd e re d th e Q             u ic k     fin d e r
                                       R e m e m b e r, it is a ls o a t th e a n n u a l m e e tin g , th a t th e       re se a rc h b o o          k u s in g th e N A T            P c o d e . T h e W             is c o    n s in
                            e le c tio n fo r th e s ta te b o a rd o f d ire c to rs a n d th e n a tio n a l            c h a p te r w a s       a b le to a d d $ 1 1 4           2 to th e tre a s u r         y fro        m th e
                             b o a rd o f d ire c to rs is h e ld . T h e re a re fiv e o p e n in g s fo r                re b a te th a t T       h o m s o n re tu rn s          to th e c h a p te r.           Y o u         m a y g o
                              th e s ta te b o a rd a n d th re e o p e n in g s fo r th e n a tio n a l                   to th e N A T P              w e b s ite to d o w          n lo a d a n o rd e r           fo rm        fo r th is
                              b o a rd . S o y o u g e t to e x e rc is e y o u r rig h t to v o te fo r                   y e a r. A g a in           th a n k y o u .
m a n y d iffe re n t o ffic e s th is fa ll.
                                                                                                                                          S U P R E M E C O U R T R U L E S O N K E N T U C K Y
                                                                                                                                        T A X A T IO N O F M U N IC IP A L B O N D IN T E R E S T
                                                                                                                                              O n M a y 1 9 , 2 0 0 8 , th e U S S u p re m e C o u rt ru le d in c a s e o f th e K e n tu c k y
                                                                                                                              D e p a r tm e n t o f R e v e n u e e t a l. v . D a v is e t u x ., D o c k e t 0 6 - 6 6 6 , th a t K e n tu c k y ’ s
                                                                                                                                 in d iv id u a l in c o m e ta x e x e m p tio n fo r in te re s t in c o m e fro m b o n d s is s u e d b y
                                                                                                                                 K e n tu c k y o r its s u b d iv is io n s d o e s n o t v io la te th e C o m m e rc e C la u s e e v e n th o u g h
                                                                                                                                  K e n tu c k y re q u ire d ta x to b e p a id o n in te re s t in c o m e fro m b o n d s is s u e d b y o th e r
                                                                                                                                   s ta te s o r th e ir s u b d iv is io n s .
                                                                                                                                               P rio r to a c tio n b y th e C o u rt, th e re w a s a q u e s tio n o f w h e th e r a d e c is io n b y th e
                                                                                                                                    C o u rt w o u ld h a v e a n im p a c t W is c o n s in ’s ta x tre a tm e n t o f m u n ic ip a l b o n d in te re s t.
                                   R e g io n a l D ire c to rs                                                                      W is c o n s in ’s in c o m e ta x la w w ith re s p e c t to th is is s u e is n o t id e n tic a l to K e n tu c k y
                                                                                                                                      la w . T h e re fo re , p e n d in g th e d e c is io n o f th e C o u rt, th e d e p a rtm e n t e n te re d in to th e
                                                        R e g io n 1
                                                                    J a m e s G lo rio s o          A t L a rg e
                                                                                                                                      fo llo w in g tw o ty p e s o f a g re e m e n ts w ith ta x p a y e rs to e x te n d th e s ta tu te o f
Ja n A n d e rso n A t L a rg e
A p p le to n                                                        O c o n o m o w o c                                              lim ita tio n s to a d ju s t W is c o n s in in c o m e ta x re tu rn s w ith re s p e c t to th is is s u e .
                                                                      2 6 2 -5 6 0 -1 0 9 8
                                                                                                                               1 .) “ P r o te c tiv e C la im ” a m e n d e d r e tu r n s - I n th e e v e n t th e C o u r t r u le d a g a in s t
 9 2 0 -7 3 4 -4 8 2 8
tr e v lig t2 2 @ n e w .r r .c o m                                 J im @ G lo r io s o s ta x .c o m

                                                                                                                                      K e n tu c k y a n d th e d e c is io n w a s d e te rm in e d to a ffe c t th e W is c o n s in ta x tre a tm e n t o f
                                                                                                                                       m u n ic ip a l b o n d in te re s t, th e tim e p e rio d to a c t o f th e a m e n d e d re tu rn file d w a s
                                                        R e g io n 2                                                                    e x te n d e d to a s e t tim e b e y o n d th e d a te o f th e d e c is io n . I n th e e v e n t o f d e c is io n in
 H a rv         e y       K u b ly   '0 8                           L a V e rd a P e n c e               '0 8                   fa v o r o f K e n tu c k y , s tip u la te d p o in t 5 o f th e e x te n s io n a g r e e m e n t p r o v id e d
  M o n
   6 0 8 -
                tic
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                                                                     P ra irie d u S a c
                                                                      6 0 8 -6 4 3 -8 9 9 8 W                                   th a t, th e r e fu n d c la im e d o n th e a m e n d e d r e tu r n w o u ld a u to m a tic a lly b e
6 0 8 -       9 3     8 -4 6 1 1 F a x                              c o n fid e n tia lta x s e r v @ v e r iz o n .n e t
                                                                                                                                d e n ie d w ith o u t fu r th e r a c tio n b y th e d e p a r tm e n t.
                                                                                                                                            If th e ta x p a y e r w is h e s to a p p e a l th e d e n ia l o f th e re fu n d c la im th a t w a s a u to m a tic
                                                        R e g io n 3                                                        a s o f th e M a y 1 9 , 2 0 0 8 d e c is io n , th e a p p e a l m u s t b e s e n t w ith in 6 0 d a y s o f th e M a y
                                                                                                                             1 9 , 2 0 0 8 d e c is io n (J u ly 1 8 , 2 0 0 8 ) to :
                                                                                                                                                 W is c o n s in D e p a r tm e n t o f R e v e n u e
 J o y c e L e V o y '1 0                                            P a tti H a rris        '1 0
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   7 1 5 -3 8 7 -1 7 8 2 W
 D a ta flo w - J M L @ tz n e t.c o m
                                                                       7 1 5 -4 7 7 -2 6 1 1 W
                                                                     S is la k e 2 @ h o tm a il.c o m
                                                                                                                                                  R e s o lu tio n U n it
                                                                                                                                                   M a il S to p 5 -1 4 4
                                                                                                                                                    P o s t O ffic e B o x 8 9 0 6
                                                        R e g io n 4                                                                                 M a d is o n , W is c o n s in 5 3 7 0 8 -8 9 0 6
J e a n M a rie H in d s
 V ic e -P r e s id e n t
                                               '0 9                 A n n e C a se y
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                                                                                            '1 0
                                                                                                                                2 .) E x te             n s io n to file c la im fo r r e fu n d - F o r ta x p a y e rs th a t d id n o t file a n a m e n d e d
  A p p le to n                                                       9 2 0 -2 2 9 -3 5 0 6                                      re tu rn , b            u t w a n te d to p ro te c t th e ir rig h t to file a c la im fo r re fu n d a t a la te r d a te , th                               e
                                                                                                                                 d e p a rtm         e n t e n te re d in to a n a g re e m e n t w h e re b y th e s ta tu te o f lim ita tio n s fo r filin g                                             a
   9 2 0 -2 0 2 -3 4 5 9                                            a c a s e y @ p itn e t.n e t
jh in d s @ n e w .r r .c o m
                                                                                                                                  c la im fo           r re fu n d fo r th is is s u e w a s h e ld o p e n p e n d in g th e C o u rt’s fin a l d e c is io n .
                                                        R e g io n 5                                                                     A ta x           p a y e r w h o e n te re d in to th e “ A g re e m e n t E x te n d in g T im e to F ile C la im fo                                      r
                                                                                                                                   R e fu n d ”            fo r th is c a s e h a s 6 m o n th s a fte r th e M a y 1 9 , 2 0 0 8 d e c is io n d a te
                                                                                                                                    (N o v e m        b e r 1 9 , 2 0 0 8 ) to file a m e n d e d re tu rn s to c la im re fu n d s , s u b je c t to d e n ia l b                                      y
M a rle n e D u n n -T ill                            '1 0            M a r k M i l l e r '0 9
 S e c r e ta r y                                                      S h e b o y g a n
  N e e n a h
   9 2 0 -7 2 7 -1 0 4 0 W
                                                                        9 2 0 -4 5 7 -1 2 2 7
                                                                      m jm il@ c h a r te r .n e t
                                                                                                                                    th e d e p a         rtm e n t, fo r y e a rs c o v e re d b y th e e x te n s io n a g re e m e n t.
d u n n till@ k c ie .c o m                                                                                                               Q u e s       tio n s re g a rd in g th e a g re e m e n ts , c la im s fo r re fu n d , a n d a p p e a ls re la tin g to
                                                                                                                                    th is is s u    e c a n b e d ire c te d to D a w n W e n z e l a t (6 0 8 ) 2 6 6 -3 1 9 0 .
                                                        R e g io n 6
T in        a H        e in ric h       '0 8
                                                                                                                                                                                               W IS               D O R              F E IN
                                                                                                                                       T h e C         u s to m        e r S e rv ic     e s ta ff     a t D        O R h a s        re c e iv e d    a h a n d fu l   o f te le p h o n e c a lls
                                                                    J u lie W a llo c k         '0 9
 P r e       s id     e n t                                          T r e a su r e r

                                                                                                                            r    e q u e s tin        g o u r         F e d e ra l E       m p lo y   e r I     d e n tific a       tio n N u m        b e r (F E IN      ). It a p p e a rs th a t
  L a k       e G         e n e v a                                   W a te rto w n
   2 6 2      -2 4      8 -9 0 3 7                                     9 2 0 -2 6 1 -6 2 8 6 H
    2 6 2     -2 4       8 -4 1 3 2 F a x
a b c tin a @ s b c g lo b a l.n e t
                                                                        9 2 0 -2 8 5 -8 6 8 6 C e ll
                                                                    J u lie W @ w k m r .c o m
                                                                                                                            s     e v e ra l e       le c tro      n ic filin g         s o ftw a     re p       a c k a g e s      re q u ire th       e F E IN fo      r t a x p a y e r 's
                                                                                                                            w       h o se W            is c o n    s in In c o m         e T a x     re fu       n d is ta x       a b le in c o    m e . F o r th     o s e o f y o u in th is
                                           N e w s le tte       r C o o r d in a to r
                                                                                                                            s      itu a tio n         th e D        e p a rtm e n     t 's n u m       b e r      is 3 9 -6 0     0 6 4 9 1 .
                                            B a rb a ra S       te p o n k u s
                                             E d g e rto n
                                              6 0 8 -8 8 4 -6
                                         6 0 8 -8 6 8 -7
                                                                  4 3 6 W
                                                                3 0 4 H                                                                                            R E G IO N A L O F F IC E S                                               T O        C L O S E
                                          6 0 8 -8 8 4 -4        3 2 0 F a x
                                         ta x ld y @ c e n tu r y te l.n e t                                                            T h e       D e p a rtm e n t o f R e               v e n u e       a n      n o u n c e    d th a t th e        o ffic e s in H a y w a rd ,
T h e in fo r                m a tio n p u b lis h e d in W is c o n s in T a x
                                                                                                                            K        e n o sh        a , a n d S h e b o y g a n               w o u ld       b     e c lo s in      g e ffe c tiv     e O c to b e r 1 , 2 0 0 8 .
 R e p o r t is                b e lie v e d to b e a c c u r a te a n d a u th o r ita tiv e .                             P      e rso n s            n e e d in g a s s is ta n c          e a re d       ir   e c te d to         th e o ffic     e s in A p p le to n , E a u
                                                                                                                            C       la ire a           n d M ilw a u k e e o r               b y c o n       ta    c tin g th      e d e p a rtm        e n t a t
  In d e p e n d              e n t r e s e a r c h is e n c o u r a g e d b e fo r e
  a p p lic a tio               n .
                                                                                                                            w       w w .r e          v e n u e .w i.g o v .
                     W         I N A T P F a ll C o n fe r e n c e R e g is tr a tio n F o r m                                                                 - N o v e m b e r 6 &                              7 , 2 0 0 8
                         N a m e                                                                                                       P h o n e

                 A d d re s s                                                                                                            F a x

          C ity /S ta te /Z ip                                                                                                         E -M a il
                                                                                                                              C re d it C a rd N o .
                    C o u n ty                                                                                                    M C \V is a

             F irm          N a m e                                                                                         E x p ira tio n D a te

              E A         N u m b e r                                                                                             S ig n a tu re

                                                                                                                                                          C h a r g e w ill a p p e a r a s S te p o n k u s T a x S e r v ic e .
                              M a il     w ith P a y m e n t to :                         M e m b e r               1 s t $ 1 2 5 O                2 n d $ 1 1 5 O           3 rd $ 1 1 5 O                  4 th $ 1 1 5 O
                           J u lie      W   a llo c k                               N o n m e m b e r                1 s t $ 1 5 0 O              2 n d $ 1 4 0 O             3 rd $ 1 4 0 O                  4 th $ 1 4 0 O
                            1 4 0 3     B e a c o n D riv e
                             W a te     rto w n , W I 5 3 0 9 8
                                                                                    S p e c ia l N o te : If y o u h a v e a n y s p e            c ia l n e e d s , p le a s e a d v is e      u s  o n y    o u r r e g is tr a tio n
          F o r a d d        itio n     a l in fo r    m a tio n , p le a s e         fo r m , a n d in fo r m th e h o te l d ir e c tly           w h e n m a k in g y o u r r e s e r       v a tio n .
           c a ll T in      a H e        in ric h a      t 2 6 2 -2 4 8 -9 0 3 7      C a n c e lla tio n P o lic y : R e g is tr a tio n            fe e w ill b e r e im b u r s e d m          in
                                                                                                                                                                                                   u s a      $ 1 5 p r o c e s s in g
            o r e -m a       il a t    a b c tin a      @ s b c g lo b a l.n e t.    fe e if n o tific a tio n is r e c e iv e d b y J u           lie W a llo c k 5 b u s in e s s d a          y sb e fo     r e th e s e m in a r .
         V is it o u         r w e       b s ite a t                                 R e g is tr a tio n fe e w ill n o t b e r e fu n d         e d fo r fa ilu r e to a tte n d th           e s e m in       a r .
             w w w .n a       tp ta   x .c o m /w       i.h tm l
                                                           D a le s W e s to n I n n & M o u n ta in B a y 5 9 0 2 S c h o fie ld A v e W e s to n , W                                     I
                                                                  8 6 6 -9 1 2 -9 9 5 5 (m e n tio n W IN A T P w h e n m a k in g re s e rv a tio n s )


                                                        E -F IL E M A N D A T E                          L E T T E R S T O T A X R E T U R N
                                                       P R E P A R E R S A N D                            T A X P R E P A R A T IO N F IR M S
            A s p a rt o f th e W is c o n s in D e p a rtm e n t o f R e v e n u e ’s (D O R ) e ffo rts to in c re a s e e le c tro n ic filin g , D O R w ill b e m a ilin g e -
 file m a n d a te le tte rs to ta x re tu rn p re p a re rs a n d ta x p re p a ra tio n firm s th a t p re p a re 1 0 0 o r m o re p a p e r in d iv id u a l in c o m e ta x
 re tu rn s . T h e le tte r w ill re q u ire th e ta x re tu rn p re p a re r o r ta x p re p a ra tio n firm to file in d iv id u a l in c o m e ta x re tu rn s
 e le c tro n ic a lly , e ffe c tiv e w ith ta x re tu rn s file d o n o r a fte r J a n u a ry 1 , 2 0 0 9 (W is c o n s in A d m in is tra tiv e C o d e s e c tio n T a x
  2 .0 8 ( 3 ) ( b ) ) .
             A ta x re tu rn p re p a re r o r ta x p re p a ra tio n firm c a n le a rn h o w to b e c o m e a n a u th o riz e d E le c tro n ic F ilin g O rig in a to r (E R O )
f o r th e S ta te o f W is c o n s in b y v is itin g o u r w e b s ite a t h ttp : //w w w .r e v e n u e .w i.g o v /e s e r v /e - e r o .h tm l. T h is w e b s ite a ls o p r o v id e s
    a lis t o f ta x p re p a ra tio n s o ftw a re to p u rc h a s e a n d u s e to p re p a re a n d e le c tro n ic a lly file fe d e ra l a n d s ta te in c o m e ta x re tu rn s .
   F o r a n y q u e s tio n s , th e ta x r e tu r n p r e p a r e r o r ta x p r e p a r a tio n f ir m c a n e m a il D O R a t e filin g @ r e v e n u e .w i.g o v ; w r ite to th e
     C u s to m e r S e rv ic e B u re a u , W is c o n s in D e p a rtm e n t o f R e v e n u e , M a il S to p 5 -7 7 , P O B o x 8 9 4 9 , M a d is o n , W I 5 3 7 0 8 -8 9 4 9 ;
      fa x u s a t (6 0 8 ) 2 6 4 -7 7 7 6 ; o r c a ll u s a t (6 0 8 ) 2 6 4 -6 8 8 6 .
              If th e ta x re tu rn p re p a re r o r ta x p re p a ra tio n firm b e lie v e s th e re q u ire m e n t to file e le c tro n ic a lly c a u s e s a n u n d u e h a r d s h ip
      fo r th e ir b u s in e s s , th e p re p a re r o r firm c a n w rite to M a n d a te W a iv e r R e q u e s t, W is c o n s in D e p a rtm e n t o f R e v e n u e , M a il S to p
      5 -7 7 , P O B o x 8 9 4 9 , M a d is o n , W I 5 3 7 0 8 -8 9 4 9 . T h e p re p a re r o r firm m u s t c le a rly in d ic a te w h y th e re q u ire m e n t c a u s e s a n
       u n d u e h a rd s h ip .
              T h e re a re n u m e ro u s a d v a n ta g e s o f e le c tro n ic filin g , d ire c t d e p o s it a n d e le c tro n ic fu n d s tra n s fe r (E F T ):
                 --E le c tro n ic re tu rn s a re m o re a c c u ra te . T h e c o m p u te r d o e s th e a rith m e tic a n d e lim in a te s e rro rs .
                 --E le c tro n ic re tu rn s a re m o re c e rta in . E -filin g a c k n o w le d g e s th a t a n in c o m e ta x re tu rn w a s re c e iv e d .
                 --E le c tro n ic re tu rn s m e a n b e tte r b u s in e s s . A n in d iv id u a l re c e iv e s th e ir in c o m e ta x re fu n d b y d ire c t d e p o s it w ith in 5 -7
                   b u s in e s s d a y s .
                 --E F T a llo w s a n in d iv id u a l to p a y a n y b a la n c e d u e o n th e d a y s p e c ifie d .
       --E le c tro n ic re tu rn s a n d re fu n d s /p a y m e n ts p ro v id e s e c u rity a n d c o n fid e n tia lity fo r a ll tra n s a c tio n s .
     T h e s e e ffic ie n c ie s h a v e n e v e r b e e n m o re im p o rta n t th a n n o w w h e n b u s in e s s e s a n d g o v e rn m e n t a re try in g to
fin d w a y s to p ro v id e q u a lity s e rv ic e a t a re d u c e d c o s t.
                                               F A L L D O R                T A X      P R A C T IT IO N E R                          M E E T IN G S
         T h e W is c o n s in D e p a rtm e n t o f R e v e n u e (D O R ) w ill b e                       h o ld in g a s e rie s o f ta x p ra c titio n e r m e e tin g s th is fa ll.
T h e p u rp o s e o f th e m e e tin g s is to p ro v id e in fo rm a tio n a b o                         u t p ro c e s s in g a n d ta x la w c h a n g e s fo r th e 2 0 0 9 ta x
 p ro c e s s in g s e a s o n . T h e m e e tin g s w ill a ls o p ro v id e a fo ru m                       fo r ta x p ra c titio n e rs to p ro v id e fe e d b a c k to ta x
  a d m in is tra to rs . A ll in te re s te d ta x p ra c titio n e rs a re in v ite d .
   T h e m e e tin g s w ill b e h e ld O c to b e r 3 0 in E a u C la ire , N o v e                        m b e r 3 in W a u k e s h a , N o v e m b e r 1 3 in G re e n B a y ,
    N o v e m b e r 1 4 in A p p le to n , a n d N o v e m b e r 2 0 in M a d is o n .                       D e ta ile d in fo rm a tio n re g a rd in g m e e tin g lo c a tio n s a n d
     tim e s w ill b e a v a ila b le s o o n o n D O R ’ s w e b s ite , w w w .r e v e                   n u e .w i.g o v .


                                                                N E W R E T IR E M E N T IN C O M E
                                                           S U B T R A C T IO N O N T H E H O R IZ O N 
      E f f e c tiv e f o r ta x a b le y e a r s b e g in n in g o n o r a fte r J a n u a r y 1 , 2 0 0 9 , in d iv id u a ls w h o re c e iv e in c o m e fro m a
q u a lifie d       r e tir e m e n t p la n o r a n in d iv id u a l r e tir e m e n t a c c o u n t ( I R A ) m a y b e a b le to s u b tr a c t u p to $ 5 ,0 0 0 o f s u c h r e tir e m e n t
 b e n e fits   w h e n c o m p u tin g th e ir W is c o n s in in c o m e ta x .
        T o q     u a lify fo r th e s u b tra c tio n , th e in d iv id u a l m u s t b e a t le a s t 6 5 y e a rs o f a g e b e fo re th e c lo s e o f th e ta x a b le y e a r fo r
  w h ic h th    e s u b tra c tio n is b e in g c la im e d , a n d m e e t th e fo llo w in g in c o m e lim ita tio n s fo r th a t y e a r.

           1 . If th e in d iv id u a l is s in g le o r file s a s h e a d o f h o u s e h o ld , h is o r h e r fe d e ra l a d ju s te d g ro s s in c o m e is le s s th a n
                $ 1 5 ,0 0 0 .
            2 . I f th e in d iv id u a l is m a r r ie d a n d f ile s a jo in t r e tu r n , th e c o u p le ’ s f e d e r a l a d ju s te d g r o s s in c o m e is le s s th a n $ 3 0 ,0 0 0 .
           3 . If th e in d iv id u a l is m a rrie d a n d file s a s e p a ra te re tu rn , th e s u m                           o f b o th s p o u s e s ’ fe d e ra l a d ju s te d g ro s s
               in c o m e is le s s th a n $ 3 0 ,0 0 0 .

        T h e su     b tra c tio n       d o e s      n o t a p p ly to re tire m e n t b e n e fits       th a t a re o th     e rw is e e x e m p t fro m       W is c o n s in in c o m e ta x .
F o r e x a m       p le , a n in       d iv id     u a l is re c e iv in g m ilita ry re tire m e         n t b e n e fits     th a t a re e x e m p t fro   m    W is c o n s in in c o m e ta x .
 T h e in d iv       id u a l m a     y n o t        c la im th e $ 5 ,0 0 0 s u b tr a c tio n b a s     e d o n th e m         ilita ry re tire m e n t b    e n e fits .
         T h e su     b tra c tio n       w ill     firs t b e a v a ila b le o n 2 0 0 9 W is c o      n s in in c o m       e ta x re tu rn s (d u e A        p ril 1 5 , 2 0 1 0 ).
   In d iv id u a    ls w h o w         ill q u    a lify fo r th e s u b tra c tio n a n d w h o           w ill b e m a      k in g e s tim a te d ta x     p a y m e n ts fo r 2 0 0 9 m a y
  a d ju s t th e    ir 2 0 0 9 e      s tim a       te d ta x p a y m e n ts fo r th is n e w s u       b tra c tio n .

                                                                                     T A X       B U R D E N
           U p p e r-in c o m e rs a re b e a rin g a re c o rd s h a re o f th e in c o m e ta x b u rd e n . T h e to p 1 % o                                   f f ile r s p a id 3 9 .9 % o f a ll
  f e d e r a l in c o m e ta x e s , u p f r o m 3 9 .4 % in th e p r e v io u s y e a r , a c c o r d in g to I R S d a ta f o r 2 0                             0 6 , th e m o s t re c e n t y e a r
   a v a ila b le . Y e t th o s e ta x p a y e rs re p o rte d ju s t 2 2 % o f th e to ta l a d ju s te d g ro s s in c o m e o n                                 re tu rn s . T h e m in im u m
 A G I le v e l n e e d e d to b e in th e to p 1 % r o s e to a n e w h ig h $ 3 8 8 ,3 0 0 .
          T h e to p 5 % p a id 6 0 .1 % o f to ta l in c o m e ta x a n d m a d e 3 6 .7 % o f a ll A G I . T h e y e a c h                                      h a d a d ju s te d g ro   ss
in c o m e s o f a t le a s t $ 1 5 3 ,5 0 0 . A n d th e to p 1 0 % o f f ile r s , th o s e w ith A G I s o f $ 1 0 8 ,9 0 0                                   o r m o re , b o re 7 0     .8 %      o f
    th e to ta l ta x b u rd e n w h ile p u llin g in a little m o re th a n 4 7 % o f th e to ta l o f a d ju s te d g ro s                                  s in c o m e .
            N o te th a t th e b o tto m 5 0 % o f a ll file rs p a id 3 % o f th e to ta l in c o m e ta x b ill. T h e lo w                                 e s t-in c o m e e a rn e      rs
    a c tu a lly h a d a N E G A T IV E in c o m e ta x ra te b e c a u s e th e y g e t th e e a rn e d in c o m e c re d it,                                  w h ic h re fu n d s in      c o m e
a n d p a y ro ll ta x e s .
                                                            D E M U T U A L IZ E D                      S T O C K
          If y o u o r y o u r c lie n ts s o ld d e m u tu a liz e d s to c k , y o u s h o u ld file a p ro te c tiv e re fu n d c la im if y o u h a v e n ’t
a lre a d y d o n e s o a n d th e th re e y e a r s ta tu te o f lim ita tio n s h a s n ’t ru n fo r th e y e a r y o u s o ld th e s to c k . F ile F o                 rm
 1 0 4 0 -X w ith th e IR S a n d w rite “ P ro te c tiv e R e fu n d C la im -d o N o t P ro c e s s ” o n to p o f th e fo rm . T h e S e rv ic                          e
  s h o u ld h o ld th e c la im u n til th e u p c o m in g a p p e a l is d e c id e d .
          T h e C o u rt d id n ’t e s ta b lis h th e b a s is fo r th e s to c k th a t p o lic y h o ld e rs re c e iv e d . It s a id o n ly th a t fo lk s w h         o
   im m e d ia te ly s o ld s h a re s re c e iv e d in d e m u tu a liz a tio n d id n ’t h a v e a n y g a in b e c a u s e th e p ro c e e d s d id n ’t e x c          e e d
   th e ir ta x b a s is in th e p o lic y . S o m e ta x p ro fe s s io n a ls s a y it’s s a fe to u s e th e s to c k ’s v a lu e o n th e d a te o f
   d is trib u tio n a s th e b a s is . A n d th e y s a y y o u c a n re ly o n th e d e c is io n to re p o rt s a le s o n 1 0 4 0 s file d in th e fu                 tu re .
    (K ip lin g e r T a x L e tte r , A u g 2 2 , 2 0 0 8 ).
           F o r W is c o n s in , y o u s h o u ld b e a b le to d o th e s a m e th in g fo r a n y s to c k s o ld in 2 0 0 4 o r la te r. M y ta x p ro                g ra m
    e v e n h a s a p la c e to in d ic a te th a t th e re a s o n fo r th e F o rm 1 X is th e p ro te c tiv e c la im .


                                                                   S P R IN G             S E M IN A R
             B e s u re to p la n fo r th e n e w s p rin g s e m in a r id e a th a t th e W is c o n s in c h a p te r h a s b o rro w e d fro m th e s u c c e s s fu l
M ic h ig a n c h a p te r. T h e re w ill b e a 2 fo r 1 re g is tra tio n fe e . S o if y o u w o u ld lik e to b rin g a lo n g s o m e o n e fro m
 y o u r o ffic e o r a frie n d in y o u r a re a , th e s e c o n d a tte n d e e w ill b e fre e . (O r th e tw o o f y o u c a n s p lit th e c o s t o f th e
     c o n f e r e n c e .)
              T h is s e m in a r w ill a g a in b e h e ld a t th e b e a u tifu l B e s t W e s te rn B rid g e w o o d R e s o rt in N e e n a h . T h e re w e re
      m a n y g o o d c o m m e n ts o n th is lo c a tio n fo r th e 2 0 0 8 s p rin g c o n fe re n c e . A ls o it w a s d e c id e d to k e e p th e s e c o n d
       F rid a y in J u n e a s th e d a te fo r th e s p rin g m e e tin g s o y o u c a n b u ild th e d a te in to y o u r c a le n d a r. T h a t w ill b e J u n e
        1 2 , 2 0 0 9 .
               T h e s p e a k e r w ill b e A lic e O rz e c h o w s k i fro m M a ry la n d w h o is a w e ll-k n o w n a n d w e ll-re g a rd e d s p e a k e r fo r
         N A T P . T h e te n ta tiv e to p ic s a r e : 1 .) F A S F A - B e y o n d ju s t f illin g o u t th e f o r m . 2 .) S tu d e n t lo a n s . 3 .) P a y r o ll
  i s s u e s r e l a t e d t o w h a t i s v i s i b l e o n t h e W - 2 a n d m o r e t h a t w e n e e d t o k n o w a b o u t t h e t a x p a y e r 's p a y & b e n e f i t s .
   A lic e is v e ry q u a lifie d to s p e a k o n e d u c a tio n a n d s tu d e n t fin a n c ia l a id a s s h e h a s w ritte n a p o p u la r b o o k o n th e
    s u b je c t. ( T h is b o o k is a v a ila b le f r o m th e N A T P T a x S to r e .)

								
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