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July 2014 Archives

What exactly is a correspondence audit?

As an individual or business owner, notification of a tax audit is the last thing you want to see. Even if everything is on the up and up, audits conducted by the Internal Revenue Service are still a tremendous imposition. After all, this is not something people should simply ignore; rather, it must be addressed.

Medtronic deal aimed at global strategy, not tax avoidance

The Twin Cities business community certainly took notice when Medtronic, a locally based business, announced that they were purchasing Covidien. Perhaps the most surprising aspect of this deal is that the merged company will relocate its headquarters to Ireland.

Seeking to avoid tax issues, Americans abroad face tough choices

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.

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