Audits

Self-employment can be a great thing. You get to set your own schedule, be your own boss and make all management decisions that need to be made. It can be great, but ask almost any self-employed individual if it involves a lot of responsibility and they’ll quickly respond with a “yes.” Taxes are one ofcontinue reading…

Tax day is just a week away, and many Minnesotans are scrambling to get their income tax returns prepared and filed in advance of the April 15 deadline. Like most people, their goal is to minimize the amount of taxes they have to pay – or, even better, to get a substantial income tax refund.continue reading…

Many Minnesotans may worry that taking deductions on their taxes for a home office will trigger an audit. That may have been the case years ago, but now better than half of Americans either work for a small business or own one. And more than half of these small businesses are home-based with space forcontinue reading…

During the recent election cycle, there were ongoing reports of churches in Minnesota and elsewhere taking political positions and preaching politics from the pulpit. This is an equal opportunity occurrence with groups from a variety of religions. And yet despite this so-called religious electioneering, there have not been any IRS audits challenging the nonprofit status of thesecontinue reading…

Minnesota is home to a significant Native American population and several reservations and Indian-run casinos. If you are confused as to how tribal lands and income relates to the Internal Revenue Service, you’re not alone. According to a recent news article, not even the IRS may be clear on what they can and cannot tax.continue reading…