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.
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Recent Posts

Changing State Residency and the Minnesota Department of Revenue

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

Tax Planning Strategies to Get the Most Out of Your Deductions

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

For-Profit or For Fun? Donโ€™t Make the IRS Guess with Your Business Expense Deductions

June 13, 2018 โ€” 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...

IRS to States: Do Not Sidestep Deduction Limits

May 24, 2018 โ€” 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...

How Has Tax Reform Affected Estate Taxes?

March 13, 2018 โ€” 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...

IRS Law Changes on Home Equity Interest Deductions

March 1, 2018 โ€” 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...

New Family Medical Leave Tax Credit

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

Government Funding Bill: A Tax Break Revival

February 12, 2018 โ€” 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...

Could There Be a New Tax on Manufacturing Automation?

January 11, 2018 โ€” 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...

Federal Tax Reform: House Releases Tax Cuts and Jobs Act

November 3, 2017 โ€” 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...