What Happens If You Owe Taxes You Can't Pay?According to the IRS, fewer taxpayers are getting refunds this year compared to the same time last year, and the average refund check is about $500 smaller.
IRS Paycheck Checkup CalculatorEver wondered if you'll get a refund or owe Uncle Sam at tax time? The IRS wants us to stop guessing.
How To Protect Yourself From Tax ScamsTo deter criminals, Senator Amy Klobuchar has introduced legislation to increase penalties for people who use stolen identities.
Bloomington Man Sentenced For Submitting Hundreds Of False Tax ReturnsA Bloomington man was sentenced to 110 months in prison Wednesday afternoon for using hundreds of stolen identities to file false tax returns throughout the country.
Reality Check: The Cost To Not Have Health Insurance In 2016It's an important time of year for thousands of Minnesotans: Time to sign up for next year's health insurance. And if you don't get it, get ready to pay up anyway. The new federal health care law requires American citizens to have health insurance.
Dayton Drew Big Inaugural Checks After ElectionAfter easily securing a second term as Minnesota governor, Democrat Mark Dayton landed sizable checks toward his early-January inauguration, including some from corporations whose leaders favored the GOP nominee in the race.
What Is Earned Income Tax Credit (EITC)?Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
Small Business Tax Tips: Are You Filing The Correct Forms?It’s easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i’s and cross your t’s by making sure to use the correct tax forms.
Minnesota Tax Filing Season Opens Jan. 20The Minnesota Department of Revenue says taxpayers can start filing their Minnesota tax forms on Jan. 20. That's the same day that the IRS says taxpayers can start filing their 2014 returns.
St. Anthony Man Pleads Guilty In $19M Fraud SchemeFederal prosecutors say a Minnesota man has pleaded guilty to defrauding investors of more than $19 million. Fifty-five-year-old Tyrone Herman of St. Anthony entered his plea Friday in U.S. District Court. According to court documents, Herman claimed he could purchase small appliances from manufacturers and wholesalers at below-retail market rates.
MN Inmates Charged With Filing $400K In False Tax ReturnsTwo inmates at a Minnesota prison are accused of filing $400,000 in false tax claims to the Internal Revenue Service, according to the U.S. Attorney's Office. Tony Terrell Robinson, 30, and Tanka James Tetzlaff, 39, were each charged Tuesday with one count of conspiracy to defraud the United States and 10 counts each of making false claims.
It's Deadline Day To File Your Income TaxesIf you haven't filed your 2013 income taxes yet, the clock is ticking. You have until the end of the day to get them done, get them in the mail or file for an extension. Officials with the Internal Revenue Service said about 35 million tax payers wait until the last week to file their taxes.
Tax Deadline Day Looming For Millions Of AmericansIf you haven't filed your 2013 income tax return yet, you have about a day to do so and get it in the mail or file paperwork for an extension to meet the April 15 deadline. But officials said the chances of getting audited are the lowest in years.
Should You File Your Own Taxes?We are just a few days into tax filing season. Though most people probably haven't gotten their taxes done quite yet, WCCO took look into answering one of the most common questions. Tax season was delayed a few weeks, but the deadline is still April 15.
MN AG Sues Company For Defrauding SeniorsMinnesota Attorney General Lori Swanson is going after a company she says tricked hundreds of people into believing they were protecting their families. The lawsuit filed Monday claims Heritage Partners, LLC convinced aging Minnesotans that a licensed attorney would prepare a living trust of will to protect their assets. Customers claim they were actually sold lies. The government estimates 10,000 Baby Boomers retire each day, many of whom have already begun planning for their future.