News

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…
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…