News

Minnesota Sales Tax Rules for Auto Repair Shops
Automotive 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 Minnesota
Bankruptcy 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 taxpayers
An 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 rules
Minnesota 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 Respond
An 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 Investors
Real estate investors in Minnesota often focus on the purchase price, sale proceeds, and federal tax treatment. The state calculation deserves equal attention.…
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…