Tax Controversy

Think taxes are difficult? The 2018 tax season may be the most difficult of all — particularly for Minnesotan taxpayers. What is the problem? Minnesota’s income tax is largely based on the definition within federal return forms of “taxable income.” This definition is not the same this year as it was last year. What is different? Lawmakerscontinue reading…

If you set your sights on winning the lottery, you may find it surprising to realize Uncle Sam is in your corner. Why would Uncle Sam want you to win the lottery? The more cynical amongst us would point to the fact that the Internal Revenue Service (IRS) wants you to win because they cancontinue reading…

A recent decision from the Supreme Court of the United States (SCOTUS) has changed how states view online transactions. In the past, the only way a state could impose a tax on sales was to essentially establish that the business had a physical presence within the state. The evolution of online transactions led to acontinue reading…

Lawmakers are calling on the Internal Revenue Service (IRS) to provide additional guidance on taxation of cryptocurrency. The House Ways Committee Chairman along with others on his committee sent a letter to the IRS to question enforcement actions taken against taxpayers holding virtual currencies. Ultimately, the letter urges the IRS to provide guidance on expectations to better ensurecontinue reading…

It is World Cup time. This year, the World Cup marks more than just a celebration of amazing soccer games. It also showcases athletes that are in the middle of international tax battles. Arguably, two of the greatest soccer players of our time are currently facing serious allegations of tax fraud. Cristiano Ronaldo is one.continue reading…