The IRS has announced the annual gift tax exclusion is increasing next year due to inflation.
IRS Increases Annual Gift Tax Exclusion for 2018
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Business Tax
Year-End Planning: Business Tax
IRC Section 179 permits “expensing,” or first-year tax deduction, of outlays for business equipment that otherwise would be recovered through depreciation over many years.
Impact of the Proposed Partnership Audit Regime
The IRS recently released new proposed regulations designed to significantly change the rule under which an audit of a partnership can occur.
Are You Aware of the Minnesota Sales Tax Changes Effective October 1st?
There are upcoming changes to the Transit Improvement Area Sales and Use Tax, as well as rate changes for other jurisdictions.
Real Estate Investors: Like-Kind Exchanges
Are you thinking about divesting a real estate investment and then replacing it with another property?
Minnesota Tax Relief Bill
Minnesota recently passed legislation that provides nearly $650 million in tax relief.