Even Hollywood’s elite find the Internal Revenue Service (IRS) a tough adversary. The most recent to learn this lesson: Hollywood movie star Wesley Snipes. A bit of history, not Wesley Snipes’ first battle over taxes: The actor, famous for starring roles in Blade, Demolition Man and White Men Can’t Jump, has a bit of history battlingcontinue reading…
Four steps that will make a big difference if you get audited
Dealing with taxes every April is bad enough. One thing that can make tax-related stress even worse is getting a notice that you are also the subject of an audit by the Internal Revenue Service (IRS). There are steps you can take now that will make it much easier to navigate an audit. What cancontinue reading…
Uncle Sam wants you … to the win the lottery.
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…
Tax delinquency and property seizure in MN: The basics
Forget to pay your property tax bill? Ignore this obligation and you could lose your land. In some cases, Minnesota’s Department of Revenue can seize property to cover delinquent tax bills. When is property deemed “delinquent” by the government? The Minnesota Department of Revenue considers a failure to pay a property tax bill “late” if notcontinue reading…
New Nexus Tax Law Passed in Minnesota and Wisconsin. Here are the Details You Need to Know
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…