News
Minnesota use tax on business equipment purchased out of stateA Minnesota business may owe use tax when it buys equipment from an out-of-state seller that does not charge Minnesota sales tax. The tax generally applies…Tax Audits For Minnesota Restaurants: Common Red FlagsRestaurants operate on narrow margins, high transaction volume, and a mix of cash, card, delivery, catering, and third-party platform payments. Those…How To Negotiate An IRS Offer In Compromise In MinnesotaAn IRS Offer in Compromise can allow an eligible taxpayer to settle federal tax debt for less than the full amount owed. The process is highly document-driven,…Minnesota Property Tax Exemptions for Historic Commercial BuildingsOwners of older commercial properties often assume that listing a building on the National Register of Historic Places or designating it as a local landmark…What happens when you owe both IRS and Minnesota state tax debtOwing money to the IRS is stressful enough; having a balance with the Minnesota Department of Revenue at the same time can make the situation feel much harder…Defending Against a Minnesota Sales Tax Assessment as a ContractorA Minnesota sales tax assessment can arise from an audit of a construction company, remodeling business, specialty trade contractor, or property improvement…Minnesota Tax Consequences of Cryptocurrency Transactions for IndividualsCryptocurrency can create tax obligations even when no dollars reach a bank account. Buying Bitcoin with cash usually is not taxable, but selling it,…IRS Partial Pay Installment Agreements for Minnesota TaxpayersAn IRS partial pay installment agreement can help a taxpayer resolve federal tax debt when available income and assets are insufficient to pay the full balance…How to Handle a Minnesota Department of Revenue Field AuditA field audit by the Minnesota Department of Revenue is an examination conducted at a taxpayer’s business, office, residence, or representative’s location.…Sales Tax Exemption for Minnesota Nonprofit OrganizationsMinnesota nonprofit organizations often assume that federal tax-exempt status automatically removes every state sales tax obligation. It does not. A… 
