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 […]
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 […]
Quick Reference Guide: What to Do When Someone Passes
By Cindy McLagan, EA The overwhelming emotions you may experience after losing a loved one are difficult enough. Add in the task of handling their personal affairs, and the situation can begin to feel downright discouraging and intimidating. To help you through the process, I’ve assembled a list of tasks you can use as a […]
4 Things Every Taxpayer Should Know About Estimated Income Taxes
By Chris Bertz, CPA, MBT The IRS requires individuals who earn income that is not subject to withholding, such as earnings from sole proprietors, partnerships and S-corps, interest, dividends, rents, and alimony, to pay quarterly estimated tax payments, also known as “estimates.” If these payments are on your to-do list, here are a few things […]