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Minnesota legislative negotiators have task of raising $2 billion more taxes
By Danielle Killey Ten Minnesota lawmakers must decide exactly how to raise about $2 billion for the state, and they have plenty of work to do before the Legislature adjourns Monday. The joint House ...
Posted on 5/14/13 at 7:40 PM
Making the Case against Receiving a Federal Income Tax Refund
Millions of Americans celebrate receiving an income tax refund each year. Many of these same people live each month under the burden of financial hardship, struggling to make ends meet, often falling ...
Posted on 3/8/13 at 12:43 PM
Ready to file your taxes?
By Jessica Sly Its tax season! Are you ready to file? With three taxforms to choose from 1040EZ, 1040A and 1040 its easy to get confused. Not only are the forms difficultto plow through and under...
Posted on 3/1/13 at 3:31 PM
How to use your tax refund to get ahead this year
For many of us, tax season means money in the bank. Well, at least for a little while...until we spend it, right? If you are anticipating a refund this year, do you have a plan for what you will do wi...
Posted on 2/25/13 at 12:32 PM
Eat the Rich
Are you mad at rich people? Do you respect them? The class warfare debate is as alive as ever, and an article in the New York Timesstirred the coals with this piece. It says that France's new Socialis...
Posted on 8/8/12 at 12:20 PM
What you can learn from your tax return
Tax time may be over, but before you store your return in the attic, take a moment to review it. According to the Minnesota Society of CPAs (MNCPA), you’ll find that you can discover a lot about your financial situation and identify changes that will improve your tax outlook before it’s time to file next year’s return.May 08, 2012
Say what? How to make sense of tax jargon
Watching political speeches, debates and Sunday morning talk shows can be like trying to watch a foreign film without subtitles. What are they really saying?May 07, 2012
Best ways to spend your tax refund: Spend small, save big
Waiting by the mailbox for your 2011 tax refund? Or maybe you’ve already received it and are trying to decide what to do with it. Last year, the average tax refund was just over $3,000.April 22, 2012
IRS seeks volunteers for Taxpayer Advocacy Panel
The Internal Revenue Service seeks civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP), a federal advisory committee that listens to taxpayers, identifies key issues, and makes recommendations for improving IRS service.April 16, 2012
Before spending your tax refund: Six tips to consider
Do you spend weeks each spring eagerly anticipating your income tax refund? When the money finally comes in, is it gone tomorrow? You’re not alone.April 14, 2012
Tips for avoiding common errors as income tax filing deadline approaches
With the April 17 deadline looming, the Minnesota Department of Revenue offers some helpful tips for taxpayers to avoid common mistakes when filing their income taxes. To ensure accuracy and a faster refund, the department encourages individual taxpayers to electronically file their tax returns.April 14, 2012
Brace for a tax increase
Information impacting your pocketbook will be in the mail next week. Douglas County will send out nearly 30,000 assessment notices and tax statements starting Monday.By Al Edenloff , March 23, 2012
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IRS encourages small businesses to check out health care tax credit
With business tax-filing deadlines fast approaching, the Internal Revenue Service is encouraging small employers that provide health insurance coverage to their employees to check out the small business health care tax credit and then claim it if they qualify.March 15, 2012
Check status of tax refund through Minnesota Department of Revenue website
As taxpayers file their income tax returns, the Minnesota Department of Revenue is encouraging taxpayers to use its “Where’s My Refund” online system. “Where’s My Refund” is a quick, easy and secure way to find the projected refund date as tax returns move through processing.March 08, 2012
Wisconsin, Minnesota near tax deal
Minnesota and Wisconsin officials say they are close to an agreement designed to return to simpler times when people who live in one state and work in the other only file one state income tax return.By Don Davis , February 28, 2012
IRS has $12.8 million for Minnesota workers who have not filed a 2008 tax return
Refunds totaling more than $12.8 million may be waiting for 15,200 taxpayers who did not file a federal income tax return for 2008. The Internal Revenue Service estimates that half of these potential 2008 refunds are $584 or more.February 27, 2012
Tax tips for those serving in the military
Are you or a loved one serving in the military? If so, you may be aware that there are many tax laws generally designed to make it easier to meet your tax obligations while serving your country. The Minnesota Society of CPAs (MNCPA) provides an introduction to some key tax regulations affecting those in the armed forces.February 26, 2012
What is 'Kiddie Tax'?
Everyone has to file a tax return and pay their taxes due, but does that apply to children, too?February 25, 2012
Debate over energy tax credit impacts Parkers Prairie wind farm project
U.S. Senator Al Franken has urged his colleagues to extend for four years a renewable energy tax credit that especially would help wind-powered electrical production. The Minnesota Democrat said the tax break would save thousands of jobs, create new ones and cut the country’s need for foreign oil.By Don Davis , February 22, 2012
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IRS warns taxpayers about 'Dirty Dozen' tax scams for 2012
The Internal Revenue Service has issued its annual “Dirty Dozen” ranking of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud.February 20, 2012
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