When nature makes itself felt in a major way, you don’t really have a choice on how to respond. You just do what you have to do to survive. This is something that Minnesotans understand. Whether they live in the Twin Cities or in more rural areas of the state, weather has a way ofcontinue reading…
IRS
Considering moving out of the U.S.? Don’t lie about your assets
Before Nov. 8, a lot of people proclaimed they would leave the country if a particular candidate won the presidential election. With the election over, many may be thinking about making good on their pledge — maybe not too many from Wisconsin or Minnesota, but from elsewhere. Indeed, early on the morning after the election,continue reading…
Is informing the IRS on your wedding ‘honey do’ list?
Summer is a busy time of year for getting married in the Twin Cities. Sometimes the special occasion has been in the planning for months. Spur of the moment celebrations are not unheard of, though. Regardless of the timing, there is one thing that is common to both. Marriage changes things for the individuals involvedcontinue reading…
Facebook tax actions getting a big ‘unlike’ from IRS
If you run a business in Minnesota or Wisconsin, you know it can get complicated. Tax compliance alone can leave your brain a scrambled mess and if the IRS begins to dig into the numbers it can result in your company being notified of a significant tax liability. As bad as this situation can be forcontinue reading…
More Common Than You Think
What do Annie Leibovitz, Darryl Strawberry and Martha Stewart all have in common? They’ve all been charged and convicted of tax evasion. In addition to insider trading, home décor and recipe guru Martha Stewart had to pay a reported $220,000 in back taxes. Photographer Annie Leibovitz owed 2.1 million in unpaid taxes for unreported incomecontinue reading…