News
When an IRS summons reaches a businessAn IRS summons can require a company, its officers, or a third party to provide records, answer questions, or appear for testimony. Receiving one does not…Minnesota tax credits for historic building rehabilitationRehabilitating an older commercial property can preserve architectural character while creating a valuable source of financing. In Minnesota, qualifying…When the IRS Uses a Substitute for Return to Assess Your Tax LiabilityA missing federal tax return does not prevent the IRS from calculating and collecting a liability. If its records show that you received wages, business…Penalty Abatement for Minnesota State Tax FilersA Minnesota tax penalty can add substantially to an unpaid balance, particularly when late-filing, late-payment, estimated-tax, or reporting penalties continue…Minnesota Sales Tax Rules for Auto Repair ShopsAutomotive repair businesses in Minnesota must manage more than parts invoices and labor charges. Sales tax can apply to repair work, replacement components,…Discharging Tax Debt Through Chapter 7 in MinnesotaBankruptcy can eliminate some federal and Minnesota tax liabilities, but tax debt does not become dischargeable simply because a Chapter 7 case is filed. The…IRS monthly installment agreements for individual taxpayersAn IRS monthly installment agreement allows an individual taxpayer to pay an outstanding federal tax balance over time instead of paying the full amount…Minnesota nonprofit tax exemptions and eligibility rulesMinnesota nonprofit organizations often assume that federal tax-exempt status automatically removes their state tax obligations. It does not. A nonprofit may…What a 30-Day IRS Letter Means and How to RespondAn IRS letter giving you 30 days to respond usually signals that the agency has identified a tax issue and is offering a limited opportunity to challenge or…Minnesota Capital Gains Tax Rules for Real Estate InvestorsReal estate investors in Minnesota often focus on the purchase price, sale proceeds, and federal tax treatment. The state calculation deserves equal attention.… 
