If you want to dispute your tax bill as a small or medium-sized business, start with the IRS Independent Office of Appeals. This agency strives to make an impartial decision about your tax issues. Review the process of filing an appeal for business taxes with the IRS....
Business and Self-Employment Tax Problems
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MINNEAPOLIS TAX LAW BLOG
Minnesota state tax laws to comply with
Taxes are an integral aspect of most organized societies. They pay for public services performed by the government, including the construction and maintenance of roads and bridges, education, defense, social programs and others. The U.S. regulates these tariffs on...
A tax attorney can help support your small business
Part of the appeal of owning a small business is that you get to act as your own boss. However, just because you are in charge doesn’t mean you won’t need the occasional support from other professionals. Issues involving tax law and small businesses can be...
Taxes You Might Not Expect As A Small Business Owner
You probably know that starting a small business is a lot of work. It’s satisfying to watch one of your ideas come to fruition and make a profit, but there are countless factors to consider before this happens. Understanding your tax responsibilities is one of these...
Your self-employed tax obligations
Self-employment affords you many freedoms that you could not enjoy while working for someone else. You have the ability to create your own work schedule, and you do not have to answer to an unreasonable employer who neither understands nor appreciates you. However,...
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...