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How to Handle an IRS Levy on Your Minnesota Bank Account
An IRS bank levy can be alarming because it reaches money already sitting in an account, rather than simply sending a warning about a future debt. For someone…
When Minnesota Tax Penalties May Be Reduced Through Abatement
A Minnesota tax penalty can arise from a late return, late payment, underpayment of estimated tax, inaccurate information, or a failure to comply with a state…
Minnesota Crypto Tax Rules for Individual Investors
Cryptocurrency can create Minnesota tax obligations even when no dollars are withdrawn to a bank account. Selling Bitcoin for US dollars, exchanging Ether for…
IRS Audit Triggers for Minnesota Real Estate Investors
Minnesota real estate can look familiar to an Australian investor: rental homes, apartment buildings, commercial premises and renovation projects all produce…
How to Request a Minnesota Department of Revenue Informal Conference
A Minnesota Department of Revenue audit or adjustment notice does not always require immediate litigation. In many disputes, a taxpayer can ask for an informal…
Navigating a Minnesota sales tax audit for a retail business
A Minnesota sales tax audit can be unsettling for a retailer, particularly when the business is already managing stock, staff, suppliers, online orders and…
When Minnesota Trust Fund Penalties Are Assessed Incorrectly
A penalty assessed against a Minnesota trust fund can create personal exposure for an owner, director, officer, bookkeeper or other person the Minnesota…
Minnesota Tax Treatment of Work-From-Home Expense Reimbursements
Working from home can create a deceptively complicated tax question when an employer is based in Minnesota, an employee lives elsewhere, or a business has…
IRS Currently Not Collectible Status for Minnesota Small Business Owners
A Minnesota small business owner can be earning too little, holding very few assets, and still face persistent IRS collection activity. When available income…
Minnesota Sales Tax Returns for One-Time Sales
An Australian business or individual can create a Minnesota sales tax obligation from a single transaction, but one sale does not automatically mean a return…