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Tax Debt Pitfalls for Minneapolis Self-Employed Professionals
Self-employed professionals in Minneapolis often have more control over their schedules and revenue than traditional employees, but that flexibility comes with…
IRS Installment Agreements: How To Negotiate A Manageable Payment Plan
An IRS installment agreement can give taxpayers time to resolve federal tax debt without paying the full balance immediately. The arrangement converts an…
Minnesota Estate Tax Responsibilities For Executors
Serving as an executor in Minnesota involves more than collecting assets and distributing property. You may need to identify taxable transfers, obtain…
When the IRS levies your bank account: immediate steps to take
A bank account levy can turn an ordinary tax dispute into an immediate cash-flow crisis. The IRS may instruct your bank to freeze funds in an account and send…
Trust fund recovery penalty and your personal assets
A business owner can believe that tax liabilities belong solely to the company, only to discover that the IRS is pursuing personal assets. The Trust Fund…
Filing a Minnesota Tax Appeal From Notice to Hearing
Receiving a Minnesota tax notice can be unsettling, especially when it alleges unpaid tax, disallows deductions, imposes penalties, or assigns personal…
What to Expect During a Minnesota Sales Tax Audit
A Minnesota sales tax audit examines whether a business collected, reported, and paid the correct amount of tax. The Minnesota Department of Revenue may review…
Sales And Use Tax Compliance For Minnesota Retailers And Contractors
Minnesota retailers and contractors must make several separate judgments before a sale or project is completed: whether an item or service is taxable, which…
Protecting Yourself From an Ex-Spouse’s Minnesota Tax Debt
A joint tax return can create a joint liability, even when one spouse handled the finances, prepared the return, or concealed income from the other. After a…
IRS audits of small businesses in Minnesota: a step-by-step guide
An IRS audit can feel disruptive for a Minnesota business owner, especially when tax records are spread across bank accounts, payroll systems, accounting…