IRS Warning: Significant Increase in Text Scams
The Internal Revenue Service today warned taxpayers of a recent increase in IRS-themed texting scams aimed at stealing personal and financial information. So far in [...]
The Internal Revenue Service today warned taxpayers of a recent increase in IRS-themed texting scams aimed at stealing personal and financial information. So far in [...]
The Minnesota Department of Revenue is looking to encourage any members of the state’s military service members to claim the refundable tax credit created in [...]
To thank those Minnesotans who worked on the frontlines during the COVID-19 peacetime emergency, Gov. Tim Walz signed Frontline Worker Payments into law April 29, [...]
In recognition of the increased cost of gasoline, the Internal Revenue Service (IRS) has made a change to the standard mileage rate. The rate change [...]
The MN Department of Revenue discovered an error in the instructions for tax years 2019 and 2020 that they are now attempting to correct. With [...]
This week, President Biden released information about his plan to introduce new legislation that would target the wealthiest individuals and families in the US. The [...]
Overview On July 1st, 2021, MN passed a new, elective, pass-through entity (PTE) tax effective for tax years beginning after December 31, 2020. This law [...]
The Enhanced Child Tax Credit - what you need to know Included as a part of the American Rescue Plan Act of 2021 was an enhanced child tax credit provision that increased the child tax credit from $2,000 to $3,000 with an additional $600 for kids under the age of 6 ($3,600/year for kids under 6). This credit is a fully refundable credit, meaning you can receive the full amount even if it exceeds your tax withholdings.
Watch your mail -- is it from the IRS? Have You Received a Letter or Notice From the IRS? The Internal Revenue Service (IRS) recently issued a statement in the ongoing series of COVID tax tips related to how you should handle any IRS correspondence that you receive.