News

Minnesota NOL Rules After the TCJA
The Tax Cuts and Jobs Act (TCJA) changed how United States businesses use net operating losses (NOLs). For a Minnesota business, however, the federal result is…
Managing Minnesota Crop Insurance Proceeds With Greater Tax Certainty
Crop insurance can protect a Minnesota farm from hail, drought, flooding, prevented planting, or a failed harvest. The resulting payment may keep the operation…
How to Challenge an IRS Substitute for Return for a Minnesota Business
An IRS Substitute for Return (SFR) can leave a Minnesota business facing a tax bill that bears little resemblance to its actual profit. The return is prepared…
Minnesota sales tax rules for digital goods and streaming services
Digital entertainment crosses borders effortlessly, but sales tax obligations remain tied to specific jurisdictions. A business in Australia can sell…
What to Do When Minnesota Freezes Your Business Bank Account
A frozen business bank account can stop payroll, supplier payments, rent, and ordinary trading within hours. For an Australian owner dealing with a Minnesota…
IRS Installment Agreement Options for Minnesota Gig Workers
Gig work can make tax compliance difficult when income arrives through several apps, costs fluctuate, and no employer withholds federal tax. For a driver in…
Minnesota tax treatment when a principal residence sells for less
Selling a home for less than its purchase price can feel especially unsettling when the property is in Minnesota and the owner lives overseas. For an…
Applying for Minnesota innocent spouse relief after separation
A joint Minnesota tax return can create a problem long after a relationship has ended. When spouses file jointly, the Minnesota Department of Revenue may…
IRS Penalty Abatement for Medical Emergencies in Minnesota
A serious illness, hospital admission, surgery, or sudden incapacity can make it impossible to file a tax return, pay an assessment, or respond to an IRS…
Reducing Minnesota Tax on Retirement Distributions
Retirement income can create a state tax bill that surprises people who have spent years planning around federal tax. Minnesota generally begins with federal…