Redpath Insights

Minnesota Tax Conformity to Federal Tax Cuts and Jobs Act

On Friday, May 31st, Governor Tim Walz signed into law Minnesota’s response to the federal Tax...

Opting Out of S Corporation Status at the State Level to Avoid the $10K SALT Deduction Cap

With the Tax Cuts and Jobs Act limiting an individual taxpayer to a $10,000 ($5,000 for married...

Saying No to the Business Interest Expense Deduction Limitation

Taxpayers who are in the real estate or construction industry may benefit from making an...

Newly Proposed Opportunity Zone Regulations

The IRS recently released a set of proposed updated guidance around opportunity zones. You can...

How Can You Reduce Your State Tax Apportionment?

Owners of pass-through entities (S corporations, LLC/partnerships) that sell services or...

The Impact of Tax Reform on Merger and Acquisition (M&A) Transactions

Buyers and sellers have always taken taxes and tax law into account when evaluating a potential...

Should the Minnesota Angel Tax Credit Come Back?

The Angel Investment Tax Credit was a program offered by the state of Minnesota from 2010 to...

Final Regulations for IRS Section 199A Deduction

On Friday, January 18, 2019, the IRS released final regulations under IRC Section 199A (the new...

Are You Eligible for the IRS 199A Rental Property Tax Deduction?

The question of whether rental property is eligible for the new 20% pass-through deduction is a...

Substantiation to Prepare For an IRS Examination

Most businesses incur travel, meal, gift, and listed property expenses in the ordinary course of...