One of the excellent reasons a person in the Twin Cities may want to hire a legal tax professional is because those professionals make certain that they are up-to-date on tax law. That is turning out to be extremely important this year. The dreaded fiscal cliff is in sight and Congress will need to act.continue reading…
IRS
Keep an eye out for the dividend cliff
It is no secret to our Minneapolis readers that this is a Presidential election year, and that the outcome is uncertain. Will deductions change? Will the tax rate change? And what will Congress do? Will we go off the so-called fiscal cliff? It appears that there may be a dividend cliff as well. Those whocontinue reading…
Tax havens can work if you can stand the paperwork
Our economic and social world is full of systems which balance themselves either naturally or with a little help. As interest rates go down, the housing market tends to up. When bond prices rise, stock prices usually fall. For every plus, there seems to be a minus. It was recently reported that there is acontinue reading…
Former Minnesota Viking pleads guilty to fraud
Minnesota Vikings fans will recall that Michael Bennett was our first round draft pick in 2001. He came to us from the University of Wisconsin where he completed a record-setting 40-yard dash in 4.13 seconds. His first year with the Vikings he replaced Roger Smith. His second year with the Vikings he rushed for 1,296continue reading…
Tax nonpayment nets jail time for Minnesota business owner
Nonpayment of federal taxes is a very serious matter and can land someone in prison. Famously, the gangster Al Capone who was said to vacation on White Bear Lake, Minnesota, was put in prison not for murder or racketeering, but for federal tax evasion. Recently it was reported that a Minnesota business owner was sentencedcontinue reading…