The tax code in the United States is extremely complex. People generally have only the basic understanding that they need to pay taxes, and going through the steps to file a return can be quite stressful, particularly if someone has multiple sources of income and/or a business. The process of completing an accurate return cancontinue reading…
A taxpayer’s rights do not cease with an adverse audit result
Many taxpayers in Minnesota and nationally will readily confess to having a bit of fear regarding their dealings with the Internal Revenue Service. That may not be such a bad thing if it is rational and promotes logical actions. Knowing — or at least strongly believing — that the IRS is routinely scrutinizing tax-related documentscontinue reading…
Tax liens and levies: Are they the same thing?
The short and unequivocal answer to the question posed in the above headline is this: No, liens and levies filed against a taxpayer’s property and assets by the Internal Revenue Service or Minnesota Department of Revenue are distinct legal instruments bringing different results. Prior to any discussion of these potent tax agency tools, it meritscontinue reading…
Uncollected taxes can affect Minnesota business owners
Those who own or operate a business in Minnesota are likely familiar with paying their taxes and the different types of tax for which they are responsible. However, tax law can be complex, and even experienced business people may face a review of either their personal or business taxes. When this happens, they can benefitcontinue reading…
How can I avoid or handle a tax audit in Minnesota?
Taxes are a certainty of life. No matter how one feels about having to pay taxes each year, it is unavoidable. If a person experiences a tax audit, it can be a stressful event. Fortunately, there are some measures that Minnesota families can take to minimize their chance that they will be audited and therecontinue reading…