When a Minnesotan who has not reached the age of majority violates the law it’s not called a crime, at least not most of the time. Rather, it’s called a delinquent act. Because the perpetrator is not an adult the penalties for wrongdoing tend to be less severe. The same may not necessarily be saidcontinue reading…
Delinquency
IRS notice types seem endless, and none can be ignored
Tax issues can be a tangled mess to sort out. It’s not unusual for a taxpayer in the Twin Cities area or the western part of Wisconsin to be thrown so much for a loop by a notice from the Internal Revenue Service that it leaves them frozen in their tracks. That’s exactly the wrongcontinue reading…
Nexus schmexus: Report claims businesses confused about sales tax p2
If you are a toy store in Minneapolis, you collect a 7.775 percent sales tax on most in-store transactions. The tax does not all go to the state: Minnesota’s sales tax is just 6.875 percent. But Hennepin County has a 0.15 percent tax and Minneapolis a 0.5 percent tax. That is all rounded out withcontinue reading…
Can’t pay your back taxes all at once? You have other options, p2
In August we wrote about a friend who spent a little more than a week believing that she owed the Internal Revenue Service about $10,000. With the help of her tax attorney, she was able to clear the matter up. Still, she woke up every morning that week in a cold sweat wondering how on earth shecontinue reading…
Minnesota found good for business in spite of taxes
Taxes and other “structural” aspects of a state’s economy often receive great attention. For one, they are easy to identify and the arithmetic is grade school level. High taxes are seen as a negative and low taxes are a positive. But if you have to run a business, you know that taxes are simply onecontinue reading…