Benjamin Franklin was famous for many things, including his ability to develop memorable turns of phrase. The American founding father famously mused, "In this world nothing can be said to be certain, except death and taxes."
Minnesota tax officials increase scrutiny for residency
After working hard for several decades, long-time Minnesotans might decide to split their time in a warmer state during the winter months. As people begin to spend more of their time in another state and acquire property, it makes logical sense that they would consider switching residency. In trying to switch residency, people might also find a more hospitable tax climate.
Missing tax return information an IRS red flag
The deadline for getting those taxes in is quickly approaching, with April 15th right around the corner. For those in Minnesota who have yet to file, this is the time many are doing a mad dash trying to get all their paperwork in order. However, while the deadline is approaching, don’t let the stress of wanting to get everything in deter you from making the right decisions when it comes to filing your taxes.
Avoiding penalties for a late federal tax return
In the last several weeks, we have discussed the upcoming April 15 deadline to file federal tax returns. Although many people may have already completed this process, others might simply be waiting to have all of the information necessary to complete a filing. Since the deadline is looming, many of those who are in this situation might be worried about not having enough time.
