Budget Deal Brings Good News For Medical Device CompaniesA brewing federal budget deal brings good news for Minnesota's medical device companies.
Crosby Bed & Breakfast Owner Faces 52 Tax-Related Criminal ChargesThe owner of a Crosby bed and breakfast faces a slew of tax-related criminal charges after allegedly knowingly failing to file income tax returns among other crimes.
3 Mistakes To Avoid On Your 2014 Tax ReturnIf you haven't already begun, now's the time to prepare for filing your 2014 tax returns.
Countdown To Taxes Begins As April 15 Deadline LoomsThe countdown is on. Taxpayers have until midnight Tuesday to get their taxes done. The IRS will receive about 135 million tax returns by the April 15 deadline. About 90 percent of those are now filed electronically. In a roundabout way, that's helped cut down on the number of audits the IRS can conduct.
Minn. Has The 6th-Highest Taxes In The U.S., Census Bureau SaysYou may be surprised to know that numbers released by the U.S. Census Bureau show Minnesota has the sixth-highest taxes in the country. But Wisconsin is just ahead of us as the fifth-highest taxed state in the nation.
Revenue Dept. Highlights Tax Cuts, Says Wait Until April 3 To FileMinnesota tax officials are scrambling to put in place new tax cuts passed by the legislature just six days ago. In a rare move, they're asking taxpayers who might qualify for tax cuts to wait until April 3 to file. The department needs until then to program the tax cuts into its computers and instruction forms.
Minn. Same-Sex Married Couples Ponder Tax-Filing Method The push to get same sex marriage adopted in Minnesota was an emotional one, but now those couples are wrestling with the financial implications.
Minn. Cities, Counties To Catch Sales Tax BreakMinnesota city and county governments have a good reason to wait until after the holidays to do any major shopping: Starting Jan. 1, much of the stuff they buy will be tax-free.
Ringtones, Digital Books, More Soon Taxed In Minn. Need that new Justin Bieber ringtone? Come July 1 buying it will carry a Minnesota sales tax. Hiring a repairman for the office photocopier? That labor will be taxed. Catching a pay-per-view movie on satellite television? There's a tax on that, too.
Minn. Tax Collections Continue To Outpace Forecast Minnesota took in about $25 million more in tax revenue in May than was initially expected, as revenue collections for the year continue to perform above projections. The Department of Minnesota Management and Budget says Monday that general fund revenues of $1.4 billion in May were 1.9 percent above the agency's February forecast. In the year to date, the state has collected $324 million more than predicted in that forecast.
Dahl Trucking Owner Indicted For Avoiding Paying TaxesThe owner of Dahl Trucking in Elmore, Minn., was indicted Tuesday in federal court for avoiding payment of taxes on the wages of his employees from 2007 to 2010. Marlin Dahl was specifically charged with 13 counts of failure to collect and pay Federal Insurance Contribution Act (FICA) taxes.
Minn. Tax Bill Includes Cap On Property Tax Hikes Many Minnesota cities and counties will see a big bump in their state aid, and for that they're being required to tamp down property taxes.