Tax Controversy

Every year, Minnesota property owners know that they will have to pay property taxes to local government authorities. The size of the tax liability is based on property valuations and rates set by officials. It may come as a relief, however, to know that a recent non-partisan legislative report indicates that property taxes in Minnesota would havecontinue reading…

A mantra that has been frequently iterated on this blog is that the federal tax code is immensely complex. This truth has reached the point that many people file returns in an honest way without knowing if tax penalties will be coming down the pike. News that a growing number of Americans are relinquishing their citizenship largelycontinue reading…

In our May 30 blog post, we discussed the Internal Revenue Service’s efforts to target divorced spouses who fail to accurately report alimony payments as taxable income. This is part of a concerted effort to make up gaps in tax collection by targeting individuals who have supposedly skirted federal tax laws. Similarly, a recent reportcontinue reading…

For many people, April 15 sticks out as the most important tax-related deadline. However, those who manage a non-profit organization might have another critical date in mind: May 15. According to the Internal Revenue Service, non-profit organizations must file Form 990 paperwork by the 15th day of the fifth month of their fiscal year. Incontinue reading…

After working hard for several decades, long-time Minnesotans might decide to split their time in a warmer state during the winter months. As people begin to spend more of their time in another state and acquire property, it makes logical sense that they would consider switching residency. In trying to switch residency, people might alsocontinue reading…