News

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…
Minnesota Medical Assistance Estate Recovery Explained
Minnesota’s Medical Assistance (MA) program can help pay for nursing home care, home-based services, and other medical needs when a person meets financial and…
How to Prove Reasonable Cause for an IRS Late-Filing Penalty
Receiving an IRS notice about a late-filing penalty can be alarming, especially when the return was eventually filed and the taxpayer did not intend to…
Joint or separate filing when spouses have unresolved tax debt
A spouse facing IRS or Minnesota tax debt may assume that filing separately is the safest way to protect the other spouse. That assumption can be wrong. Filing…
Reporting Forgiven Mortgage Debt on a Minnesota Tax Return
When a lender cancels, reduces, or settles mortgage debt, the unpaid amount may be treated as cancellation-of-debt income. A borrower who receives a Form…