For many Minnesotans, tax season is a stressful time of year. Between professional, family and personal responsibilities, it may be difficult to find the time to deal with problems that arise when completing state and federal income tax returns. In order to resolve lingering concerns or questions, a person might need clarity from tax officials.continue reading…
IRS
Official calls for the creation of a taxpayer’s bill of rights
For many people, the federal tax code is unbearably complex. Navigating the intricacies of annual income tax returns can become an incredible burden. The Internal Revenue Service provides a tax-help hotline, but millions of people never actually get through to a representative. According to a 2013 estimate, only 61 percent of the 109 million phonecontinue reading…
No good deed goes unpunished: IRS disputes Forbes’ tax deductions
Federal tax code is designed to reward charitable giving by allowing exemptions so long as they fall within legal guidelines. Of course, the Internal Revenue Service can scrutinize these deductions in an effort to file tax deficiency claims. Individual members of the Forbes family, known as long-time leaders in the publishing world, are caught upcontinue reading…
Inconspicuous IRS rule change could have overt consequences
Tax refund checks are one of the few pieces of mail that people actually enjoy receiving from the Internal Revenue Service. Families often budget the use of this money for special purposes. As such, one woman’s dismay when she found out that nearly all of her refund had been garnished for an old debt iscontinue reading…
Shutdown won’t delay IRS tax extension deadline
As news of the federal government shutdown continues to fill the news cycles, many people in Minnesota are probably wondering exactly how this affects them. Federal agencies across the board have been impacted by the shutdown, so the Internal Revenue Service has been stripped down to a fraction of its operating capacity. As such, for those whocontinue reading…