Taxes

 Minnesota Tightens Tax Rules on Residency

April 18, 2014 

Minnesota Tightens Tax Rules on Residency

Attempting to establish residency elsewhere -- especially in such states as Nevada, Texas and Florida that have no income or estate tax -- is not a new strategy for wealthy Minnesotans. But the creation of the new, higher top income bracket has raised the stakes.

 Wisconsin Gov. Signs Bipartisan Ag Business Tax Law

April 18, 2014 

Wisconsin Gov. Signs Bipartisan Ag Business Tax Law

A new Wisconsin law expanding tax exemptions for updating agricultural businesses such as feed mills "essentially levels the playing field for local companies and farmers," said Senate co-sponsor Jennifer Shilling, D-La Crosse.

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April 17, 2014 

Avalara Offers Free Sales Tax Solution for Small Online Businesses

With the potential of a national sales tax coming, the prospect of trying to comply with many states and local sales tax regulations could be a nightmare for small companies who sell things over the internet. Fortunately, small online businesses and ecommerce sellers now have access to a free sales tax reporting system from Avalara.

Isaac M. O'Bannon

 Tax Refunds Up and More Americans Filing on Home Computers

April 16, 2014 

Tax Refunds Up and More Americans Filing on Home Computers

Even with the 10-day delay to this year's income tax filing season, the IRS has issued more in tax refunds compared to this point last year and more U.S. taxpayers used their home computers to file their returns, according to a report published today by the Treasury Inspector General for Tax Administration (TIGTA), which oversees…

Isaac M. O'Bannon

 Treasury Dept. Reports to Congress on International Currency Manipulation

April 16, 2014 

Treasury Dept. Reports to Congress on International Currency Manipulation

The U.S. Treasury Department has released its Semi-Annual Report to Congress on International Economic and Exchange Rate Policies, which addresses international economic and foreign exchange developments over the course of the second half of 2013, along with relevant data through end-March 2014.

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April 15, 2014 

April 15 – Failing to File Taxes Can be Painful

By law, the IRS can assess penalties to taxpayers for failing to file a tax return and for failing to pay taxes. But the failure-to-file penalty is generally higher than the failure-to-pay penalty.