Cruise ships can’t turn on a dime. That makes it dangerous if a passenger falls overboard. It can take an hour for the behemoth to come about and get back to the spot of disaster. Government is much the same. It’s big and bulky. It usually takes a good deal of time for change tocontinue reading…
IRS
This TV giveaway won’t have tax implications
Perhaps you’ve seen the ads for Grand Casino, that Minnesota hub of gaming activity. They tend to feature real guests who have been lucky in love or winnings. One recent commercial featured a smiling guy who won a brand new Cadillac. If you are a lucky winner of nearly any sort of contest or TVcontinue reading…
On amended tax returns, and why you shouldn’t worry too much
So you filed your tax return a few months ago and it feels great to have your tax refund in the bank. You go about your day merrily, thinking nothing of it. In fact, days, weeks and even months pass before you even think about that tax return. One day, it just pops into yourcontinue reading…
Tax law is complicated, but it’s not intentionally so
As children, many of us may have feared the imaginary monster under our bed. Most folks in Minnesota and Wisconsin reading this would likely agree that even after we grow out of those childhood fears, there are plenty of real things to be afraid of. One of the biggest for those of the millennial generationcontinue reading…
Serious tax problems can result in serious penalties
There is a certain presumptive attitude that colors how the tax system works in Minnesota and at the federal level. That presumption is one of voluntary disclosure. That is, the expectation on the part of revenue collectors in St. Paul or in Washington is that taxpayers will honor their obligations on their own. Indeed, thecontinue reading…