Back Taxes Or Tax Debt

Did you know that your passport can be revoked if you owe more than $2,500 in unpaid child support? It seems odd, if only because the state of Minnesota tracks child support debt and the Department of State issues passports. Nevertheless, the state assembles a list of noncustodial parents who are seriously behind on childcontinue reading…

There is now an additional risk for taxpayers who fall seriously behind on their federal tax obligations. Under the Fixing America’s Surface Transportation Act signed into law in December 2015, the U.S. Department of State will neither issue a passport nor renew a passport if the applicant is a seriously delinquent taxpayer. Further, the Statecontinue reading…

What’s the old joke? Oh, yes: What are the five most important words an English major will need to know after graduation? Answer: “You want fries with that?” Not really funny for English majors, but absolutely not funny for recent graduates of any of Corinthian Colleges Inc.’s various institutions. Corinthian closed all of its schoolscontinue reading…

As we head into the new year, we trust everyone has taken a few minutes to work out a tax strategy for 2016. Planning for deductions and tax credits, looking at pre-tax contributions to employer-sponsored retirement plans and other benefits — everything should be in place by now, and we should all be able tocontinue reading…

We are just finishing up our discussion of sales and use taxes, who must pay them and when they are due. Small and mid-sized businesses, that is, businesses that may not have a full-time tax expert on hand, may be more vulnerable to the confusion that seems to be the hallmark of sales and usecontinue reading…