Delinquency

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…

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…

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…

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…

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…