News

Sales and use tax for Minnesota online marketplaces and drop shippers
Selling through an online marketplace can make a business look simple from the outside. A seller lists products, receives an order, and relies on a fulfillment…
Combining Multiple Tax Years Into One IRS Payment Agreement
Tax debt often accumulates over several filing years. A taxpayer may owe unpaid income tax for one year, penalties from another, and an assessed balance…
Minnesota tax treatment of severance and termination settlements
Losing a job can create immediate financial pressure, and a severance package or legal settlement may provide important support. The tax treatment, however,…
How to Respond to an IRS Notice of Federal Tax Lien in Minnesota
Receiving an IRS notice about a federal tax lien can make an already difficult tax problem feel urgent and confusing. A lien is the government’s legal claim…
Minnesota Tax Rules For Nonresident Trusts And Estates
A trust or estate formed, administered, or funded outside Minnesota may still have a Minnesota income tax obligation. The deciding issue is usually not where…
Tax consequences of converting rental property to personal use in Minnesota
Turning a Minnesota rental property into a home for yourself or a family member may feel like a simple change in use. For federal and Minnesota tax purposes,…
Minnesota Sales Tax Rules for Home Improvement Contractors
Minnesota sales tax for home improvement contractors is often misunderstood because the tax treatment depends on what is being sold, how the work is performed,…
IRS Appeals Process for Penalty Abatement on Late Payments
A late tax payment can create a penalty that grows while the underlying tax remains unpaid. For individuals and businesses, the balance may become difficult to…
How to stop a Minnesota Department of Revenue bank levy
A Minnesota Department of Revenue bank levy can disrupt personal finances or business operations with very little warning. Once a financial institution…
Minnesota Tax Treatment of Stock Options for Employees and Executives
Stock options can create substantial wealth, but they also produce tax obligations at several different points. The grant may have no immediate tax effect,…