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April 2018 Archives

Minnesota Legislature considers tax bill: pros and cons

Minnesota lawmakers are considering a new tax law. The tax char of the Minnesota Senate proposed the law. The law, titled SF 4010, would result in a decrease in the individual income tax and corporate franchise tax by one-tenth of one percent in the event revenues exceed expenditures.

Did the IRS website crash on Tax Day impact your filings?

Tax Day is stressful enough without a massive computer glitch. Unfortunately, the Internal Revenue Service (IRS) website experienced a glitch on Tuesday, April 17. The glitch resulted in an error message for anyone that logged on with the intention of filing their taxes. Instead of filing with ease, the filer would receive a message that stated the IRS website was undergoing a “planned outage” that would run from April 17, 2018 through December 31, 9999.

Avoid these common audit triggers

Taxes are due within the next couple of days and the pressure of getting taxes in on time can result in errors. It is important to slow down and avoid errors as some of these errors can lead to a closer look by the Internal Revenue Service (IRS).

Make the most of these 3 tax deductions before they disappear

The new tax law has led to a number of changes in the tax structure in the United States. The changes went into effect in 2018 and will impact the 2018 tax filings. This means you can still make the most of the previous tax structure for your 2017 filings.

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