Our Minnesota readers are no doubt aware that the Internal Revenue Service is looking for money. The agency is looking to collect uncollected taxes, trying to find and stop tax fraud, conducting audits and offering amnesty for those with offshore bank accounts. The IRS also has a whistleblower program with millions ready to give tocontinue reading…
Late night noise turns into tax fraud investigation
Small businesses can be incorporated or unincorporated. A bar or nightclub could operate as a C corporation, S corporation, Limited Liability Partnership or sole proprietorship. Even so, there are certain types of taxes that must be paid, no matter whether or not the business is incorporated. Failure to pay taxes can land someone in acontinue reading…
Unpaid taxes the basis for county’s Fannie and Freddie lawsuit
For those of us in Minnesota who don’t deal with taxes on an everyday basis, we can sometimes become confused regarding all the different types of taxes that exist. Federal income tax, state income tax, property tax, capital gains tax, unemployment tax, sales tax, franchise tax, excise tax and deed transfer tax — to namecontinue 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…
Minnesota tax reciprocity with Wisconsin stuck on details
About 60,000 people work in Minnesota and live in Wisconsin –primarily in the Hudson area. About 20,000 people work in Wisconsin and live in Minnesota –primarily in the Winona area. Recently these people have been filing two sets of income tax returns each year, one for each state, due to the breakdown in the reciprocitycontinue reading…
