Back Taxes Or Tax Debt

Tax time can be very stressful, especially when changes are made to tax laws and rates. For Minneapolis residents who are self-employed, however, tax season can be particularly chaotic. In addition to completing normal job-related tasks, it’s also necessary to handle tax filings. People who aren’t self-employed have the benefit of having payroll taxes deductedcontinue reading…

What makes an artist an artist? If someone says she is an artist, is that sufficient? What if all her income is earned from artistic endeavors such as painting, music and other kinds of performances? It would probably seem to most people that such a person would be considered to be an artists for allcontinue reading…

What kind of tax debt will I be liable for over the next five years? The question is not easily answered right now as the spending debate in Congress rages on. Another attempt at a solution was recently proposed when President Barack Obama submitted his plan for a budget. The plan included a mix ofcontinue reading…

If you read our blog last week, we had a post that shared Minnesota Gov. Mark Dayton’s proposal to rely more on sales tax than on income tax. The plan in Minnesota involves a combination of income tax and a broadened sales tax base. This has created some controversy. According to those for sales taxcontinue reading…

Taxes are certainly not something that is set in stone although it might feel like it to the taxpayers. The kinds of taxes, the structure, set thresholds for certain deductions or taxes are constantly changing. In fact, Gov. Mark Dayton has discussed the idea of shifting Minnesota’s tax structure to one that depends in partcontinue reading…