By Kim Elm With the MN Department of Revenue campuses closed to the public and more people making their Federal estimated tax payments electronically, why not make your state estimated tax payment electronically as well. This will ensure your payment is not lost or delayed in the mail causing unnecessary notices to be sent […]
4 Things You Should Know Before Retiring in Another State
By Matt Mikel, CPA For Upper Midwesterners, the idea of retiring in another state may sound appealing—especially when certain states offer an escape from both winter and income tax. But the process of calling another state “home” may be more complicated than you think. Here are a few things to consider if you plan to […]
HOW TO: Electronic Estimated Tax Payments to the IRS With Peace of Mind
By Kim Elm It is becoming more important to make your estimated tax payments electronically. Due to COVID-19, the IRS campuses were closed for a period, causing them to be backed up with incoming mail. If your payment is in that stack of mail, it may not be opened on time. This may cause their […]
SECURE Act – Simplified
By Todd Koch, CPA, MBT, CFP We’re here today to talk about the SECURE Act. The SECURE Act actually has some nice benefits for tax payers. One of the things it did is if you are seventy and a half after 2019, you can wait until your 72 to start your required minimum distributions. […]
Look Who’s Back – The Deductions
By Todd Koch, CPA, MBT, CFP When the government passed the spending bills at the end of December they also passed a bunch of tax provisions. Beyond the SECURE Act, there also are the extenders. The extenders are provisions that had sunsets in the past that they want to bring back. There are new deductions […]