The number of recovered patients number 25,242 or 79 percent, while 2.5 percent of patients have died. To date, the state has collected almost 621,000 tests. If withholding tax rates change, the department will publish information and update For 2019 income tax returns, any federal returns that had a due date on or after April 1, 2020, and before July 15, 2020, were extended to July 15, 2020. Copyright 2022 PPP Directory. No. Wisconsin only allows amounts for the itemized deduction credit which are allowed as itemized deductions under the Internal Revenue Code in effect for Wisconsin. The Wisconsin National Guard collected over 191,000 of those. SBA, Treasury release names of some PPP recipients The Guard is also collecting specimens at the Stanley Correctional Institution in Chippewa County, the Gordon Correctional Center in Douglas County, the St. Croix Correctional Center and the Flambeau Correctional Center in Sawyer County. Those loans, however, accounted for only 27.2% of the $521.5 billion in loans approved. None of the information on this site constitutes legal advice. The Railroad Station, a restaurant. Form 8879 instructions. Wisconsin PPP Loan Recipients Face Millions in Surprise Taxes The amount of the withdrawal is taxed over three years, unless an election is made to include the entire amount in the taxable year of withdrawal. Find data and reports related to the Paycheck Protection Program (PPP). 2021 WI Act 1, an out-of-state retailer whose only activities in Wisconsin is making remote sales into Wisconsin (remote seller) is not required to register and collect Wisconsin sales and use taxes if its gross sales into Wisconsin do not exceed $100,000 in the previous or current calendar year. Chosen candidates will secure the opportunity of living, working and learning within an early-stage startup environment alongside Fiveables founding team as part of the nine-month program. hbbd```b``z"'WA$8dV ,{X`$M R9LM HY-H(6Lo E If the account has a Master Account username on file, that Master Account user will need to approve their access. The Small Business Administration has released a list of businesses that have received emergency pandemic loans. Connecting people with the University of Wisconsin. Guidance issued prior to February 22, 2021, that is contrary to the information in this document is superseded by this document, pursuant to sec. Wisconsin adopted this federal provision in 2019 Wisconsin Act 185. Tax Rates web page. Upon request from the department however, the electing tax-option (S) corporation or partnership must prove it received consent from shareholders or partners who hold an aggregate of more than 50 percent of the shares of the tax-option (S) corporation or 50 percent of the capital and profits of the partnership on the day of the election. LIST OF ALL PPP LOANS IN Wisconsin. Wisconsin law still requires persons to claim exemptions from withholding. Tidgren, K. (January 9, 2021). hXmO8+K+.;N!Dj;IJZ8vxyq Taxpayers should amend their Wisconsin returns if they have already filed and included these amounts in income.. Journalists: Thank you for using this database. The agency typically does an updated projection for the Medicaid fund each quarter. Suite 950 Browse & Search CARES Act PPP Recipients Search a database of Wisconsin businesses that received loans through the Paycheck Protection Program, part of the federal aid in response to the coronavirus pandemic. In addition, expenses paid with income from these programs, that are otherwise be deductible, may be deducted from Wisconsin taxable income. For Wisconsin, this income should be excluded from federal adjusted gross income by making a subtraction modification on the appropriate line of the tax return. Of those deaths, 3,862 were caused by opioids. Phone: (608) 266-2486 Washington, DC 20005, Tax Expenditures, Credits, and Deductions, Tax Reform Plan for Growth and Opportunity, Location Matters: State Tax Costs of Doing Business, Tax Reforms for Mobility and Modernization, Consumption Tax Policies in OECD Countries, ineligible for the usual expense deduction, trigger a denial of the deduction for business expenses. Stats.). Assembly Speaker Robin Vos popcorn company received a loan of at least $150,000, one of thousands that went to Wisconsin businesses as part of a federal program to help companies keep employees amid the pandemic. The Small Business Administration (SBA) and Treasury released Monday, July 6, the names of all organizations that received Paycheck Protection Program (PPP) forgivable loans of $150,000 or more. Expenses associated with forgivable PPP loans that are deductible under the Internal Revenue Code are also deducted in computing qualified production activities income for the manufacturing and agriculture credits on Schedules MA-M or MA-A. The Post's database has now been updated with data through June 2021. These Wisconsin businesses were approved for PPP loans in 2021 Counties reporting deaths include: Milwaukee (391), Racine (65), Kenosha (44), Brown (42), Waukesha (39), Dane (32), Rock (24), Walworth (18), Washington (16), Ozaukee (15), Grant (13), Winnebago (13), Waupaca (10), Outagamie (9), Clark (7), Fond du Lac (6), Dodge (5), Jefferson (4), Richland (4) and Sheboygan (4).