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Tax

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3 Mistakes To Avoid On Your 2014 Tax Return

If you haven’t already begun, now’s the time to prepare for filing your 2014 tax returns.

03/02/2015

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Countdown To Taxes Begins As April 15 Deadline Looms

The 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.

04/14/2014

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Minn. Has The 6th-Highest Taxes In The U.S., Census Bureau Says

You 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.

04/08/2014

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Revenue Dept. Highlights Tax Cuts, Says Wait Until April 3 To File

Minnesota 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.

03/27/2014

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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.

03/04/2014

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Minn. Cities, Counties To Catch Sales Tax Break

Minnesota 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.

12/15/2013

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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.

06/13/2013

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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.

06/10/2013

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Dahl Trucking Owner Indicted For Avoiding Paying Taxes

The 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.

06/04/2013

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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.

05/19/2013

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Esme’s Blog: Clothing Sales Tax On The Table

Gov. Mark Dayton initially proposed taxing Minnesota clothing sales that were more than $100. After protests he had to pull that off the table.

05/04/2013

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Talking Points: Solving MN’s Budget Woes With Taxes?

The democrats may be in control at the state Capitol but they certainly cannot agree on how to solve the state’s budget problems.

04/28/2013

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Tech Firm Near Win In Quiet Push For Minn. Breaks

In early February, a development agency in Gov. Mark Dayton’s administration made a deal with a giant pharmaceutical company: The state would explore grants and tax breaks that could yield almost 200 high-wage jobs all while keeping Baxter Healthcare Group’s name out of the public conversation.

04/28/2013

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Anti-Tax Group’s Minn. Rally Attracts Big Figure

Well-known anti-tax figure Grover Norquist is bringing his message to Minnesota, which is in the heat of a big tax debate.

04/27/2013

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Reality Check: Beer Tax Claims Of House Democrats

Minnesota House Democrats this week voted to raise the excise tax on beer, claiming it will raise the price only 7 cents a bottle.

04/26/2013

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Secrecy Surrounds Minn. Tax Break For Biotech Firm

Following a hush-hush courtship, top Minnesota lawmakers acknowledged Tuesday that they are compiling a multi-million dollar package of public subsidies and tax breaks to encourage an Illinois-based pharmaceutical firm to add 200 high-paying jobs and undertake a substantial construction project in their state.

04/16/2013

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A Look At The Craziest Tax Write-Offs

It’s hard to think there’s anything funny about taxes when you’re under a mountain of paperwork, but CBS News contributor and analyst Mellody Hobson has a little comic relief for taxpayers.

04/02/2013

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Tax Fraud Trio Pleads Guilty

The third and final member of a tax fraud trio pleaded guilty Wednesday in federal court to one count of conspiracy to defraud the United States.

03/27/2013

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How (Not) To Get Audited

It’s time to talk taxes: 1099 forms have gone out and you should be organizing your paperwork and getting ready to pay the taxman.

03/25/2013

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What Triggers an IRS Tax Audit?

The odds of an audit can increase substantially depending on your income, types of income, deduction amount and changes you have made since filing your last tax return.

03/25/2013

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What To Do With Your Tax Refund

Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.

03/18/2013

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Where’s My Refund? IRS Tool Answers That Question

The Internal Revenue Service has a message for taxpayers eager to learn the status of their tax refund: Please don’t check the IRS website every five minutes — once a day is enough.

03/18/2013

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Tax Prep: Don’t Miss These Juicy Credits and Deductions

The IRS expects that 75 percent of all 2012 returns will be entitled to a refund, so if you haven’t started preparing your taxes yet, do it: There’s no reason to wait for April 15 to roll around to get that money back from Uncle Sam.

03/11/2013

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