There is a certain presumptive attitude that colors how the tax system works in Minnesota and at the federal level. That presumption is one of voluntary disclosure. That is, the expectation on the part of revenue collectors in St. Paul or in Washington is that taxpayers will honor their obligations on their own. Indeed, thecontinue reading…
Do I need to speak with a lawyer before an IRS audit?
The word “audit” has a way of striking fear into the heart of any taxpayer. Notification by the Internal Revenue Service or Minnesota Department of Revenue that your tax history and filing practices are going to be put under the microscope is never a comfortable situation. One way to maintain a sense of composure iscontinue reading…
IRS folds up IP PIN security program due to hacks
As of March 7, the IRS was still encouraging taxpayers who had had their identities stolen by fraudulent refund filers in the past to take the added precaution of getting an Identity Protection Personal Identification Number before filing this year. As of March 9, the agency had pulled the plug on the tool saying it had failedcontinue reading…
Know tax fact from fiction to save your business money
Budget pressures are being felt everywhere. The implication of that in terms of taxes and the collection of them, according to a recent study by Syracuse University, is that there are fewer IRS actions being pursued against larger corporations than there used to be. That might be good news for some companies. But as is widely known,continue reading…
The State of Minnesota may or may not require your presence …
We are continuing our discussion of a tax case recently decided by the Minnesota Supreme Court. While the taxpayers lived in Florida, they maintained a house in Minnetonka. In August 2007, they moved here permanently. When they filed their tax return with the state, they filed as part-time residents. The Department of Revenue determined thatcontinue reading…