In this video, Kim Mahanna, discusses the Top 3 1099 S Reporting Issues. Click to watch our four minute video and learn how to avoid IRS penalties.
Important Estate Tax Portability Update Announced
If the federal estate tax exemption is cut approximately in half in 2026, as is currently scheduled, it may create significant issues for Minnesota taxpayers. The matter becomes especially challenging when one considers what may happen if the portability election is not made.