Wisconsin Releases April 2021 Tax Bulletin
Citations: No. 213
SUMMARY BY TAX ANALYSTS
The Wisconsin Department of Revenue released its tax bulletin for April, including information on the tax treatment of transactions involving virtual currency; how the American Rescue Plan Act of 2021 (P.L. 117-2) affects the state and federal tax treatment of unemployment compensation and the medical care insurance subtraction; how to avoid errors when making an entity-level tax election; and recent litigation.