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IRS Audit Triggers Minnesota Small Businesses Should Avoid
An IRS audit can begin with a letter about a single return, a request for records, or a mismatch between business income and information reported by customers,…
Minnesota Tax Treatment of Cryptocurrency Mining Income
Cryptocurrency mining can create taxable income before a miner converts digital assets into U.S. dollars. When a blockchain network rewards a participant with…
What Happens When the IRS Levies Your Minnesota Bank Account
A federal bank levy can interrupt access to money you expected to use for rent, payroll, mortgage payments, or everyday expenses. When the Internal Revenue…
Minnesota Sales Tax Rules for Construction Materials and Contractors
Minnesota construction contractors often encounter sales tax at several points in a project: when buying materials, purchasing equipment, hiring…
How to File a Minnesota Innocent Spouse Relief Claim With the IRS
A joint federal tax return can create joint and several liability. That means the IRS may pursue either spouse for the full amount of tax, penalties, and…
Protecting Your Spouse From IRS Collection Actions in Minnesota
When the IRS seeks payment from one spouse, the other spouse may worry about a joint bank account, a family home, wages, or a shared tax refund. The…
Minnesota Tax Treatment of Reimbursed Moving Expenses for Employees
Relocating for a new job can create a complicated tax issue for Minnesota employees and employers. A company may describe a payment as a moving allowance,…
What Happens When an IRS Installment Agreement Fails in Minnesota
An IRS installment agreement can make an overwhelming tax balance manageable by replacing an immediate collection demand with scheduled payments. The…
Negotiating A Minnesota Tax Settlement For Unpaid Corporate Tax
Unpaid corporate tax can quickly become more serious than a balance shown on a Minnesota Department of Revenue notice. Interest and penalties may continue to…
Minnesota property tax classification changes for new construction
New construction can alter both a property’s taxable value and the classification applied to it for Minnesota property tax purposes. A parcel that was…