Business and Self-Employment Tax Problems
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Minneapolis Tax Law Blog
Options for paying outstanding business taxes
As a business owner in Minnesota, you may find that it is all too easy to fall behind on paying your business taxes, leaving you with an outstanding balance that you have to take care of. The first step toward repayment of your outstanding tax balances may be filing...
Preparing your business for a tax audit
Whether this will be your first year or your twentieth year filing taxes for your business, you always need to be diligent about preparing and filing. Even if you trust that you completed your tax forms correctly, you may still worry about an upcoming audit. The key...
The IRS looks to crack down on virtual currency tax compliance
The rise of virtual currency has brought dramatic changes to the U.S. economy, and the IRS has begun to take notice. In 2018 the agency introduced a digital currency tax compliance campaign, and last summer over 10,000 taxpayers across the country received letters...
An overview of the Taxpayer Bill of Rights
When you have a dispute with the Internal Revenue Service or difficulty meeting your federal income tax obligation, interacting with the IRS can be extremely frustrating. As you attempt to cut through all the red tape to try to reach a resolution, you may start to...
Last-minute strategies to reduce your 2019 taxes
The Tax Cuts and Jobs Act was passed two years ago, and tax attorneys and accountants have spent that time looking for new tax breaks and other strategies for reducing your tax liability.Basically, reducing your tax liability involves maximizing your potential...
RESPECT Act requires criminal charges before IRS forfeiture
Business owners in Minnesota may find relief in knowing that the new Clyde-Hirsch-Sowers RESPECT Act prohibits the IRS from seizing property without first filing criminal charges. After the IRS accused two small business owners of structuring cash transactions as a...
Year-end tips to tackle your taxes in 2020
A new year is right around the corner. However, you do not need to wait until Jan. 1 to make resolutions for 2020. You can start preparing for a better year now by tackling some tax issues and taking steps to increase your refund.Over the next few weeks, you can...
What do we know about audits and IRS enforcement?
Since 2010, Congress has been asking the IRS to do more with less money. This has reduced the IRS’s audit resources by 28 percent, and the audit rate has fallen from 0.9% in 2010 to only 0.5% last year. And, the overall number of audits dropped by almost half...
Guess what? The IRS could be coming to collect in person
The IRS recently announced that it will be holding additional compliance events throughout this year, sending revenue officers to areas that have been underserved in recent years. The agency has identified those areas and is choosing high-priority taxpayers to visit...
Inflation-based tax changes for FY 2020 announced
The IRS has announced inflation adjustments in dozens of areas, some prompted by the Taxpayer First Act of 2019. Taxpayers should use the new amounts when planning for their 2020 taxes. For example, starting in 2020, the penalty for failing to file a return goes up to...
Office Location
Edina Tax Law Office
Pridgeon & Zoss, PLLC
7301 Ohms Lane, Suite 420
Edina, MN 55439
Telephone: 952-835-8320
Fax: 952-835-0201
Edina Law Office Map
St. Anthony Tax Law Office
Pridgeon & Zoss, PLLC
2812 Anthony Lane South, Suite 200
St. Anthony, Minnesota 55418
Telephone: 612-455-8948
Fax: 612-788-9879
Map & Direction
