Audits

Dealing with taxes every April is bad enough. One thing that can make tax-related stress even worse is getting a notice that you are also the subject of an audit by the Internal Revenue Service (IRS). There are steps you can take now that will make it much easier to navigate an audit. What cancontinue reading…

The Trump administration touted the Tax Cuts and Jobs Act (TCJA) as tax reform that led to savings for most taxpayers. Although taxpayers will experience a doubled standard deduction and higher tax credits, there are some things that were taken away that may also impact your future tax returns. One example: deductions. The TCJA removedcontinue reading…

Taxes are due within the next couple of days and the pressure of getting taxes in on time can result in errors. It is important to slow down and avoid errors as some of these errors can lead to a closer look by the Internal Revenue Service (IRS). The stress of meeting the tax deadlinecontinue reading…

The new tax law is supposed to be good for Americans. Yet, in an interesting twist, it could have a devastating impact on America’s favorite pastime. How could the tax law impact baseball? A publication from Minnesota Public Radio recently addressed the potential for a problem. The issue involves the definition of a single term: “real.” Previous taxcontinue reading…

What do Jack Daniel’s, whiskey barrels, and small businesses in Minnesota have in common? More than you may think at first glance. One of the nation’s largest whiskey makers is taking on its local legislature to ensure a tax issue is resolved before it becomes a big problem. A problem that could impact more thancontinue reading…