November 19, 2018 — Residency is important because residents of Minnesota are taxed on worldwide income—no matter if it's earned overseas or in another state. If you're considered a Minnesota resident, everything reported on your federal return...

June 19, 2018 — Can you itemize, or will you be claiming your new standard deduction? Once you understand the levers available, you’ll know which among them you can pull when it comes to paying Uncle Sam.

June 13, 2018 — Do you want to be able to deduct business expenses? Take the right steps to ensure your business will not be deemed a hobby by a taxing authority come audit time. Pending further guidance from the IRS, an effect of tax reform was...

May 24, 2018 — Late last year, Congress passed and President Trump signed into law the most comprehensive tax reform package since the 1986 Act. Within that bill was a major change to how much each taxpayer can deduct for the state and local...

March 13, 2018 — While the recent tax overhaul bill was extensive, and at times difficult to parse through, the provisions regarding estate tax were fairly uncomplicated and taxpayer-friendly. How has the Tax Cuts and Jobs Act affected Estate...

March 1, 2018 — The Tax Cuts and Jobs Act passed in December changed the rules regarding the deductibility of mortgage and home equity loan interest. Prior to the law change interest on up to $1,000,000 of home acquisition debt and interest on up...

February 22, 2018 — [9/26/18 Update: The IRS has issued further guidance on how to calculate the credit—and there is also a Q&A section.] There has been a lot of talk about the “big” tax law changes—modified tax rates, deductions, etc. However,...

February 12, 2018 — Congress passed a two-year budget deal in the early morning hours on Friday, February 9th.  Buried in this 652-page budget document are extensions of many provisions that expired in 2016. There are a lot of interesting...

January 11, 2018 — While human-level artificial intelligence is still a long way off, the increased use of robots to automate manufacturing processes has become the norm. Increasingly, manufacturing companies of all sizes have become roboticized...

November 3, 2017 — On November 2, the House released the long-awaited Tax Cuts and Jobs Act. The Act is broad and covers multiple aspects of individual and corporate taxation. The Act, which is not yet law, will likely see some changes before it...