Redpath Insights

Gloria McDonnell, CPA

Gloria McDonnell, CPA
Gloria McDonnell is the tax operations director and serves on the leadership team at Redpath and Company. She specializes in corporate and individual tax planning and compliance, multi-state taxation, international tax, and tax research. Gloria works with closely-held businesses in a variety of industries, and has provided business tax accounting services since 1989, and has been at Redpath and Company since 1991.

Recent Posts

Changing State Residency and the Minnesota Department of Revenue

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 is going to be...

Tax Planning Strategies to Get the Most Out of Your Deductions

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.

For-Profit or For Fun? Don’t Make the IRS Guess with Your Business Expense Deductions

 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 the elimination...

IRS Law Changes on Home Equity Interest Deductions

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 to $100,000 of...

New Family Medical Leave Tax Credit

[9/26/18 Update: The IRS has issued further guidance on how to calculate the credit—and there is also a Q&A section.]

Government Funding Bill: A Tax Break Revival

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 provisions that could prove...

Federal Tax Reform: House Releases Tax Cuts and Jobs Act

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 is finalized. We will...

How Will Minnesota's New Tax Laws Affect You?

UPDATE: The Tax Cuts and Jobs Act has become law since this article originally appeared. This article is still accurate on the state level. If you’d like to learn about the key provisions of tax reform, please click here. While federal tax changes...

Avoid W-2 Phishing Scams During Tax Season

About this time last year, the Internal Revenue Service issued an alert to payroll and human resources professionals to beware of phishing scams that were made to look like requests from company executives seeking personal employee...

Down, but not Out

  Normally, the buzz around my house this time of the year would be regarding the Kentucky Derby, which takes place on the first Saturday of May every year. This year, however, the buzz is all about the much talked-about and long-anticipated boxing...