Back Taxes Or Tax Debt

For those of us in Minnesota who don’t deal with taxes on an everyday basis, we can sometimes become confused regarding all the different types of taxes that exist. Federal income tax, state income tax, property tax, capital gains tax, unemployment tax, sales tax, franchise tax, excise tax and deed transfer tax — to namecontinue reading…

About 60,000 people work in Minnesota and live in Wisconsin –primarily in the Hudson area. About 20,000 people work in Wisconsin and live in Minnesota –primarily in the Winona area. Recently these people have been filing two sets of income tax returns each year, one for each state, due to the breakdown in the reciprocitycontinue reading…

Like shelters in a storm, tax havens have helped people tuck money away and protect it from outside threats. Some may wonder how this works, but according to financial experts, it isn’t actually that hard. A person would simply set up a foreign corporation and open an account in that corporation’s name. The Internal Revenuecontinue reading…

When taxes are not paid, a governmental entity that is owed the taxes has a number of tools at its disposal. It can garnishee wages. And it can foreclose on or seize property. Taxpayers also have tools at their disposal such as deed in lieu of foreclosure or payment plans. A recent article noted thatcontinue reading…

When taxes are owed to either the Internal Revenue Service, the Minnesota Department of Revenue, or to local municipalities, there are a number of options available for either the taxpayer or the governmental entity which is owed the taxes. In the case of a Minnesota taxpayer, Brower County is seeking to transfer ownership from thecontinue reading…