A Columbia Heights man has been accused of not paying taxes on tens of thousands of dollars’ worth of tobacco products that be bought from another state and brought into Minnesota. As most of us in the Twin Cities know, tobacco is among the most heavily taxed, heavily regulated products in modern commerce. According to authorities,continue reading…
Stealing from Paul to pay Joseph is fraud, says the IRS
It was not stated how the Internal Revenue Service made its determination, but it was somehow determined that a 51-year-old accounting director for the Archdiocese of St. Paul and Minneapolis stole $670,000 from the archdiocese and used the money for personal purposes. He has been accused of filing false tax returns and tax evasion. Ignorancecontinue reading…
American Legion in Albert Lea negotiates with IRS on back taxes
A letter from the Internal Revenue Service can understandably strike fear in the heart of anyone who receives it. When the back taxes are owed to the IRS, the penalties and interest begin to accumulate and can eventually eclipse the original amount of taxes owed. But the IRS will negotiate – if you know how.continue reading…
What is the IRS tax calendar telling you?
There are a few tax dates known to everyone in Minnesota and elsewhere – one of which is April 15. For those who file quarterly returns, June 15, September 15 and December 15 are notable as well. The Internal Revenue Service frowns upon missing these deadlines. This year there are a few new dates withcontinue reading…
Minnesota farmers peering over the fiscal cliff
It may be hard to imagine a Minnesota farmer from our flatlands peering over a cliff, but that is what is happening. It is the fiscal cliff and it’s located miles away in our nation’s capitol. If Congress does nothing prior to the end of the year, the so-called Bush tax cuts will expire. Thiscontinue reading…