IRS

Budget pressures are being felt everywhere. The implication of that in terms of taxes and the collection of them, according to a recent study by Syracuse University, is that there are fewer IRS actions being pursued against larger corporations than there used to be. That might be good news for some companies. But as is widely known,continue reading…

As you gather your records for your annual tax return, you may be wondering if some of your major purchases or even big-ticket daily expenses are deductible. Before you consult with your own tax attorney, you might want to consult the Minnesota Society of Certified Public Accountants’ list of items and activities that are generallycontinue reading…

We have been discussing the problems facing the students left holding the bag when for-profit Corinthian Colleges Inc. closed all of its schools last year. The problem wasn’t just that Corinthian closed its schools; it was that the company had defrauded the students by, among other things, misrepresenting job placement figures. These students were crimecontinue reading…

In the summer of 2014, the Minnesota Office of Higher Education ordered Corinthian Colleges Inc. to stop enrolling students from this state. At that point, though, about 300 students from Minnesota were enrolled in traditional and on-line programs operated by the for-profit college system. (Corinthian’s sole Minnesota campus was the Everest Institute in Eagan.) Corinthiancontinue reading…

With the passage of the Protecting Americans from Tax Hikes Act of 2015, the U.S. House of Representatives has ended what some consider a tradition. Some of us will miss the annual end-of-year suspense, the “will they or won’t they” final moments of each December that we have all become used to as lawmakers deliberatecontinue reading…