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Minnesota Tax Consequences of Cryptocurrency Transactions for IndividualsCryptocurrency can create tax obligations even when no dollars reach a bank account. Buying Bitcoin with cash usually is not taxable, but selling it,…IRS Partial Pay Installment Agreements for Minnesota TaxpayersAn IRS partial pay installment agreement can help a taxpayer resolve federal tax debt when available income and assets are insufficient to pay the full balance…How to Handle a Minnesota Department of Revenue Field AuditA field audit by the Minnesota Department of Revenue is an examination conducted at a taxpayer’s business, office, residence, or representative’s location.…Sales Tax Exemption for Minnesota Nonprofit OrganizationsMinnesota nonprofit organizations often assume that federal tax-exempt status automatically removes every state sales tax obligation. It does not. A…When the IRS Seizes Real Estate in MinnesotaAn IRS seizure of real estate is one of the most serious collection actions a taxpayer can face. It can place a home, commercial building, land parcel, or…Structuring a Business Loan to Avoid IRS Debt Classification in MinnesotaA business loan can provide working capital without creating taxable income. The basic rule is that borrowed money is generally not income because the borrower…Minnesota tax implications of inherited retirement accountsInheriting a 401(k), traditional IRA, Roth IRA, or other retirement account can create tax obligations that are easy to overlook. The beneficiary may need to…IRS trust fund recovery penalty: defending against the 100% assessmentWhen a business fails to send withheld payroll taxes to the IRS, the government may pursue the individuals it believes were responsible. The resulting Trust…Filing an Innocent Spouse Claim in MinnesotaA joint tax return can create shared responsibility for an unpaid balance, even when one spouse handled the finances, prepared the return, or concealed income.…Understanding Minnesota’s Tax Collection Time LimitsMinnesota tax liabilities do not remain collectible forever in every situation. State law establishes a period during which the Minnesota Department of Revenue… 
