Well, here’s a bit of an irony and slippery slope that is presented immediately for any taxpayer in Minnesota or elsewhere who is seeking to take purposeful action regarding a tax matter. On the one hand, an IRS primer on back taxes and paying past-due amounts states that taxpayers with questions or concerns regarding past-due returns shouldcontinue reading…
The IRS: What should you reasonably expect this filing season?
The quick and not even remotely tongue-in-cheek answer to the above-posed headline question is this: not much. In fact, if you are a conscientious Minnesota taxpayer duly seeking a telephone response regarding a return-related question from a federal tax agent this upcoming season, you might be confronted by dead air and not much else. Here’scontinue reading…
Topic focus: The Minnesota Department of Revenue
It might be easy sometimes for Minnesota taxpayers to momentarily forget that there are parallel tax systems operative in the United States that they do, indeed, need to pay close attention to. Obviously, the federal Internal Revenue Service looms large and comes immediately to mind when the subject of taxes comes up. Uncle Sam’s taxcontinue reading…
Further IRS budget cuts: warning calls on curtailed performance
Here’s something extra that taxpayers seeking to contact the Internal Revenue Service might soon have to start thinking about: Will its offices be open? That is far more than an academic question, given the money shortfalls the national tax agency is dealing with owing to a congressional budget ax that is lopping off huge amountscontinue reading…
What are current rules for tax reporting for online sales?
The Internet has created the possibility for nearly anyone to become an online seller of wares. And it should come as no surprise that tax collectors at state and federal levels have an interest in tracking and recovering all the tax revenue such sales may be generating. The problem is that while tax law hascontinue reading…