Solid Solutions to Serious Tax Problems Income Tax Workouts • Responding to Notices
Business and Self-Employment Tax Problems
Free Initial 30 Minute Consultation 952-232-0371 | 877-221-1651
Hurry! Hurry! Hurry! Do Not Delay Responding to a Tax Notice
Learn How we can help

Contact Me

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

September 2019 Archives

IMF: Foreign shell companies hold $15 trillion in untaxed capital

If you own a company with interests abroad, you may have wondered if you can take advantage of the lower corporate tax rates some countries have adopted. After all, they've often changed their policies and tax rates in order to garner international investment.

Under audit for micro-captive insurance transactions? IRS offer

A captive insurance company is one that is created by a business as protection against certain risks. And, Section 831(b) of the Internal Revenue Code allows certain small insurance companies the option of paying tax on only their investment income. There are other tax advantages to captives, as well.

Received a lawsuit award or settlement? You could owe taxes

If you've won or settled a lawsuit this year, you need to be aware that some kinds of awards and settlements are taxable. Moreover, you will be taxed on the entire award or settlement, even though 30% or 40% may have gone to your lawyer. The Tax Cuts & Jobs Act increased the tax rate on qualifying awards and settlements.

The rules for claiming disaster losses changed with tax reform

If you're a Minnesota snowbird, you may have been watching Hurricane Dorian with special attention. Was your second home or vacation property damaged? Or, you may have a farm or agricultural property that was damaged in the spring flooding. Either way, you might have a casualty loss deduction to claim on your federal tax return.

Too much tax debt and you could lose your passport. Act now.

Many people don't realize that they could lose their passports if they are found to be seriously delinquent in their tax liabilities. This is a relatively new penalty for nonpayment that was created under the 2015 Fixing America's Surface Transportation Act (FAST Act). The Act requires the IRS to certify seriously delinquent debts to the State Department, which will then pull the taxpayer's passport.

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.