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Handling a Joint IRS Audit After Divorce in Minnesota
Divorce can end a marriage, but it does not automatically divide responsibility for a federal income tax return filed jointly. If the Internal Revenue Service…
Minnesota tax issues when a business changes hands
Selling a business or transferring its assets can create tax obligations long after the purchase agreement is signed. The transaction may affect Minnesota…
IRS Offers in Compromise for Retirees on Fixed Income
Retirement can make a tax balance especially difficult to manage. Social Security, pension payments, and modest investment income may cover essential expenses,…
The Impact Of Bankruptcy On Your Minnesota Tax Debt
Bankruptcy can offer meaningful protection when tax debt has become unmanageable, but it does not automatically eliminate every federal or Minnesota tax…
Sales tax guidance for Minnesota craft breweries and distilleries
Minnesota breweries and distilleries often combine manufacturing, wholesale distribution, retail sales, tastings, food service, event rentals, and merchandise.…
Filing A Minnesota Property Tax Appeal Petition
A Minnesota property tax assessment can affect a homeowner’s annual bill, a commercial property’s operating costs, and the value of a business investment. When…
How to Request an IRS Installment Agreement for Prior-Year Tax Debt
A prior-year tax balance can remain unresolved long after the return was filed. Interest and late-payment penalties may continue to accrue, IRS notices may…
When a business partner’s tax debt becomes your problem
A business partner’s unpaid tax bill can begin as a private financial issue and quickly become a business disruption. The IRS or Minnesota Department of…
Minnesota tax treatment of legal settlements and court awards
A settlement or court award can resolve a dispute while creating a separate tax question. The amount received, the claims involved, the agreement’s wording,…
IRS tax lien subordination when selling or refinancing a home
An IRS tax lien can complicate a home sale or refinance because the federal government has a legal claim against a taxpayer’s property. A mortgage lender or…