Wisconsin DOR Publishes April Tax Bulletin on Income, Franchise, Withholding, Sales Taxes

The Wisconsin Department of Revenue April 1 published the April tax bulletin with news about individual income, corporate income, sales and use, and excise taxes. The bulletin includes: 1) virtual currency guidance for income or franchise, withholding, and sales taxes; 2) the effect of the federal premium tax credit on the medical care insurance subtraction; 3) state income tax treatment of unemployment compensation; 4) calculation of the manufacturing and agriculture credit; and 5) new certificate of exempt status numbers. The bulletin also provides an enforcement report and a report on tax litigation. [Wis. Dep’t of Revenue, Wisconsin Tax Bulletin, 04/01/21] ...