We don’t know too many individuals who would say that business taxes in Minnesota are too low. The state has a well-documented reputation as being one of the 10 worst in the country when it comes to the business tax climate. Wisconsin doesn’t rank as poorly as Minnesota, but according to TaxFoundation.org, it’s in the bottomcontinue reading…
Considering moving out of the U.S.? Don’t lie about your assets
Before Nov. 8, a lot of people proclaimed they would leave the country if a particular candidate won the presidential election. With the election over, many may be thinking about making good on their pledge — maybe not too many from Wisconsin or Minnesota, but from elsewhere. Indeed, early on the morning after the election,continue reading…
Prince music deal: Step toward tax resolution or controversy?
On this day in history, U.S. Grant won the presidential election of 1868. That’s just one little tidbit of trivia that has been recorded and which operations like The Associated Press make available to subscribers. One other notable recent benchmark that we think went largely unnoticed by nearly everyone in Minnesota and the rest ofcontinue reading…
The IRS has a special force, too
If you are considered a threat to national security, there are people in the government who have been trained to deal with you. They go by different names. Delta Force. Navy Seals. In the fictional realm, you have Men in Black. The thing that these forces all have in common is that they are madecontinue reading…
New IRS rules could mean more partnership audits in future
Forewarned is forearmed goes the old proverb. Advance knowledge of potential holes in the road makes it easier to avoid hitting them. That’s true for driving, especially here in Minnesota and Wisconsin as the seasons shift from winter to spring. The wisdom also applies to tax issues. Knowing the possible pitfalls associated the IRS taxcontinue reading…