Does the IRS care if someone else pays your student debt?
The president of Morehouse College has stated that he will cover millions of dollars of student loan debt for graduates of the university. The offer is a kind gesture that can pay off rewards in the future. The beneficiaries will be able to move forward with their...Minnesota lawmakers consider new tax law
Minnesota lawmakers are considering two tax bills to raise revenue for the state. Key changes that would go into effect if the proposal, as written, becomes law include: Gas tax. The proposal would increase the gas tax by 70% over the next four years, resulting in an...Minnesota Department of Revenue accuses man of tax evasion
Tax season has come to an end and most of us have either filed our tax returns or gotten an extension. But what happens if we do not file our income tax returns? A recent case involving a local Minnesota man provides an example.Who must file income tax returns to the...Who is eligible for an Offer in Compromise?
The Internal Revenue Service (IRS) and the Minnesota Department of Revenue recognize that not every taxpayer can pay off their tax bill. For whatever reason, a tax bill may simply be more than the taxpayer can afford. In certain situations, these taxpayers can qualify...
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