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How to Respond to an IRS Bank Levy in Minnesota
An IRS bank levy can disrupt payroll, mortgage payments, business operations, and ordinary household expenses with little warning. When a financial institution…
Tax consequences of forgiving a family loan in Minnesota
Forgiving money owed by a child, sibling, parent, or another relative can feel like a private family decision. Tax law may treat the same transaction as a…
Minnesota Property Tax Appeals for Agricultural Land
A property tax assessment can affect a farm’s operating budget, borrowing capacity, and long-term plans. In Minnesota, the amount shown on a tax statement may…
IRS Appeals Conference Steps For Minnesota Taxpayers
Receiving an IRS notice can be unsettling, especially when the agency proposes additional tax, penalties, or interest. Minnesota taxpayers generally have the…
How to Settle Minnesota Sales Tax Debt Without an Attorney
A Minnesota sales tax debt can grow quickly through interest, penalties, collection fees, and additional assessments. The Minnesota Department of Revenue may…
Minnesota tax treatment of Social Security benefits for retirees
Retirees often assume that the federal tax treatment of Social Security benefits automatically determines their Minnesota income tax. It does not. Minnesota…
What to expect during an IRS face-to-face audit in Minnesota
An IRS face-to-face audit can feel intimidating, but the meeting is usually structured around specific items on a tax return. The examination may take place at…
Minnesota unclaimed property reporting deadlines for businesses
Businesses operating in Minnesota may hold property that belongs to former employees, customers, vendors, shareholders, or other owners. Uncashed payroll…
Protecting a Minnesota business from an IRS trust fund penalty
How to Protect Your Minnesota Business from an IRS Trust Fund Recovery Penalty begins with understanding that payroll tax problems can become personal…
Minnesota Tax Treatment of Gambling Winnings and Losses
Gambling income can arise from casinos, lotteries, sports betting, raffles, poker, fantasy contests, and online platforms. For Minnesota taxpayers, the tax…